5299008W2A69WX355710 2022-10-01 2023-09-30 5299008W2A69WX355710 2021-10-01 2022-09-30 5299008W2A69WX355710 2022-09-30 5299008W2A69WX355710 2023-09-30 5299008W2A69WX355710 2021-09-30 5299008W2A69WX355710 2022-09-30 5299008W2A69WX355710 2022-09-30 ifrs-full:IssuedCapitalMember 5299008W2A69WX355710 2022-09-30 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 5299008W2A69WX355710 2022-09-30 ifrs-full:RetainedEarningsMember 5299008W2A69WX355710 2022-09-30 ambu:ProposedDividendsMember 5299008W2A69WX355710 2021-09-30 ifrs-full:IssuedCapitalMember 5299008W2A69WX355710 2021-09-30 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 5299008W2A69WX355710 2021-09-30 ifrs-full:RetainedEarningsMember 5299008W2A69WX355710 2021-09-30 ambu:ProposedDividendsMember 5299008W2A69WX355710 2022-10-01 2023-09-30 ifrs-full:IssuedCapitalMember 5299008W2A69WX355710 2022-10-01 2023-09-30 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 5299008W2A69WX355710 2022-10-01 2023-09-30 ifrs-full:RetainedEarningsMember 5299008W2A69WX355710 2022-10-01 2023-09-30 ambu:ProposedDividendsMember 5299008W2A69WX355710 2021-10-01 2022-09-30 ifrs-full:IssuedCapitalMember 5299008W2A69WX355710 2021-10-01 2022-09-30 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 5299008W2A69WX355710 2021-10-01 2022-09-30 ifrs-full:RetainedEarningsMember 5299008W2A69WX355710 2021-10-01 2022-09-30 ambu:ProposedDividendsMember 5299008W2A69WX355710 2023-09-30 ambu:ProposedDividendsMember 5299008W2A69WX355710 2023-09-30 ifrs-full:RetainedEarningsMember 5299008W2A69WX355710 2023-09-30 ifrs-full:IssuedCapitalMember 5299008W2A69WX355710 2023-09-30 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 5299008W2A69WX355710 2022-09-30 ifrs-full:IssuedCapitalMember 5299008W2A69WX355710 2022-09-30 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 5299008W2A69WX355710 2022-09-30 ifrs-full:RetainedEarningsMember 5299008W2A69WX355710 2022-09-30 ambu:ProposedDividendsMember iso4217:DKK iso4217:DKK xbrli:shares Ambu is a global medical technology company with the purpose 4775000000 2062000000 2713000000 4444000000 1890000000 2554000000 168000000 93000000 1522000000 295000000 594000000 302000000 1634000000 281000000 517000000 -168000000 273000000 -168000000 273000000 122000000 0 366000000 8000000 148000000 294000000 -26000000 2000000 86000000 210000000 169000000 34000000 109000000 42000000 16000000 168000000 93000000 0.64 0.64 0.37 0.37 168000000 93000000 325000000 1575000000 63000000 14000000 825000000 125000000 52000000 11000000 42000000 -84000000 348000000 17000000 21000000 63000000 57000000 518000000 16000000 135000000 351000000 12000000 134000000 29000000 79000000 23000000 0 0 0 75000000 1000000 1000000 1054000000 -222000000 586000000 95000000 -30000000 123000000 255000000 71000000 415000000 138000000 187000000 157000000 64000000 187000000 -326000000 -553000000 157000000 157000000 187000000 187000000 192000000 -458000000 0 0 5000000 5000000 -326000000 -558000000 192000000 -463000000 1565000000 643000000 0 888000000 71000000 1623000000 481000000 212000000 764000000 56000000 135000000 5258000000 5393000000 129000000 4132000000 4261000000 3000000 9000000 512000000 0 8000000 19000000 516000000 1250000000 1793000000 444000000 3611000000 483000000 3619000000 584000000 571000000 85000000 632000000 590000000 70000000 524000000 9000000 72000000 359000000 10000000 492000000 942000000 4000000 79000000 600000000 17000000 461000000 1161000000 4851000000 4911000000 907000000 766000000 44000000 1222000000 747000000 36000000 50000000 73000000 11000000 23000000 78000000 11000000 1466000000 6859000000 2954000000 7215000000 157000000 2008000000 187000000 2304000000 6859000000 7215000000 129000000 379000000 3753000000 0 4261000000 129000000 106000000 3642000000 75000000 3952000000 0 0 168000000 0 168000000 0 0 93000000 0 93000000 0 -168000000 0 0 -168000000 0 273000000 0 0 273000000 0 -168000000 168000000 0 0 0 273000000 93000000 0 366000000 0 0 0 0 0 0 6000000 0 0 0 0 0 0 0 15000000 -26000000 14000000 23000000 0 0 0 0 0 0 0 0 0 0 15000000 -26000000 14000000 23000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12000000 7000000 11000000 0 0 -1000000 1000000 0 0 0 0 12000000 7000000 11000000 0 74000000 0 1000000 74000000 1000000 0 1048000000 5047000000 1054000000 5393000000 135000000 211000000 129000000 379000000 3753000000 0 4261000000 <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:8.7532em;"><span class="stl_259 stl_08 stl_277" style="word-spacing:-0.0161em;">1.1 Basis of preparation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.0663em;"><span class="stl_26 stl_13 stl_248" style="word-spacing:-0.0306em;">The Group’s general accounting policies are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.8163em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0395em;">described below. In connection with this, specific  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.5663em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">accounting policies have been incorporated into  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.3163em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">each of the individual notes of the consolidated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.0663em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0411em;">financial statements.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.5663em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0389em;">The consolidated financial statements are pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.3163em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">sented in accordance with the International Finan-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.0663em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">cial Reporting Standards (IFRS), as adopted by  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.8163em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">the EU and additional requirements in the Danish  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.5663em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Financial Statements Act. The Group’s ultimate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3163em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0315em;">Parent company, Ambu A/S, is a public limited  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.0663em;"><span class="stl_26 stl_13 stl_148" style="word-spacing:-0.0298em;">company, domiciled in Denmark.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5663em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0332em;">The financial statements of the Parent company,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3163em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0402em;">Ambu </span><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0402em;">A/S</span><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0402em;">, are presented separately from the</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.0663em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">consolidated financial statements and can be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.8163em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">found on the last pages of this report. The Parent  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.5663em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.0321em;">company’s separate accounting policies are shown  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.3163em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">in conjunction with the financial statements of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.0663em;"><span class="stl_26 stl_13 stl_152" style="word-spacing:-0.0212em;">Parent company.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.5663em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">The accounting policies described below have  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.3163em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">been applied consistently in the preparation of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.0663em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">consolidated financial statements in the years pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8163em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">sented. The accounting policies have been applied  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.5663em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0316em;">consistently with prior year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.0588em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Basis of measurement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8163em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0389em;">The consolidated financial statements are pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.5663em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">sented in Danish kroner (DKK), which is also Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.3163em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">A/S’ functional currency. All amounts are rounded  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.0663em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0389em;">to the nearest million, unless otherwise stated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.8163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">The Annual Report has been prepared in accord-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.5663em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">ance with the historical cost principle, except for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.3163em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">derivative financial instruments and contingent  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.0663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">consideration for business combinations, which  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.8163em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0317em;">are measured at fair value.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.0588em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Applying materiality  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.8163em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">The consolidated financial statements are a result  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:11.5663em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">of processing large numbers of transactions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:12.3163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">and aggregating those transactions into classes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:13.0663em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">according to their nature or function. The transac-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:13.8163em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">tions are presented in classes of similar items in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:14.5663em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">the consolidated financial statements. If a line item  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:15.3163em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">is not individually material, it is aggregated with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.0663em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0322em;">other items of a similar nature in the consolidated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.8163em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">financial statements or in the notes.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:18.3163em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">There are substantial disclosure requirements  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.0663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">throughout IFRS. Management provides specific  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.8163em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">disclosure required by IFRS, unless the information  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:20.5663em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">is not applicable or considered immaterial to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:21.3163em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">economic decision-making of the users of these  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:22.0663em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">consolidated financial statements.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:23.5588em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Significant accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:24.3088em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0414em;">and judgments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.0663em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">The preparation of the consolidated financial state-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.8163em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">ments, in conformity with IFRS, requires the Man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:26.5663em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">agement to make estimates and assumptions that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:27.3163em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">can have a significant effect on the application of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.0663em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">policies and reported amounts of assets, liabilities,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.8163em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">income, expenses and related disclosures.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:30.3163em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">Management bases its estimates on historical  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.0663em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">experience and various other assumptions that are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.8163em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">believed to be reasonable in the circumstances,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:32.5663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0371em;">the results of which form the basis for making  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:33.3163em;"><span class="stl_26 stl_13 stl_14" style="word-spacing:-0.0427em;">judgements about the reported carrying amounts  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.0663em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">of assets and liabilities and the reported amounts  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.8163em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0326em;">of revenues and expenses that may not be readily  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:35.5663em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">apparent from other sources. Actual results could  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.3163em;"><span class="stl_26 stl_13 stl_96" style="word-spacing:-0.0433em;">differ from those estimates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.0663em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">The estimates and underlying assumptions are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.8163em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">reviewed on an ongoing basis. Changes in esti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:11.5663em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">mates may be necessary if there are changes in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:12.3163em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">circumstances on which the estimate was based,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.0663em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">or more detailed information becomes available.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.8163em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">Such changes are recognised in the period in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:14.5663em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">which the estimate is revised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.0663em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">The application of the Company’s accounting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.8163em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0331em;">policies may require Management to make judge-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:17.5663em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">ments that can have a significant effect on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:18.3163em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0375em;">amounts recognised in the financial statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.0663em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">Management’s judgement is required, in particu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.8163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">lar, when assessing the substance of transactions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:20.5663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">that have a complicated structure or legal form.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:21.3163em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">The significant accounting estimates and judge-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:22.0663em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0395em;">ments can potentially significantly impact the con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:22.8163em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">solidated financial statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:24.3163em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">The Group has assessed the impact of climate risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.0663em;"><span class="stl_26 stl_13 stl_304" style="word-spacing:-0.0421em;">on its financial reporting. The impact assessment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.8163em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">was primarily focused on the valuation and useful  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:26.5663em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">lives of intangible assets, tangible assets and the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:27.3163em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">identification and valuation of provisions and con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.0663em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0331em;">tingent liabilities, as these are judged to be the key  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.8163em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">areas that could be impacted by climate risks. No  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:29.5663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0371em;">material accounting impacts or changes to judge-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:30.3163em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0353em;">ments or other required disclosures were noted.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:31.8163em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">Management regards '2.2 Revenue' and '3.2 Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:32.5663em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">intangible assets' as the key accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:33.3163em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">and judgements used in preparation of the consol-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.0663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">idated financial statements. Please refer to these  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.8163em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0385em;">specific notes for further information on the key  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:35.5663em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">accounting estimates and judgements and the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:36.3163em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">assumptions applied.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.0588em;"><span class="stl_341 stl_08 stl_465" style="word-spacing:-0.0391em;">Adoption of new or amended IFRSs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.8163em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">Management has assessed the impact of new  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:11.5663em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">or amended and revised accounting standards  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:12.3163em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">and interpretations issued by IASB and IFRSs,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:13.0663em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">endorsed by the European Union, effective on or  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:13.8163em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">after 1 October 2022.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:15.3163em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">The following amendments have been adopted, as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:16.0663em;"><span class="stl_26 stl_13 stl_159" style="word-spacing:-0.0289em;">of 1 October 2022:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:17.5663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">• Amendments to IFRS 3 “Business Combinations”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:19.0663em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">• Amendments to IAS 16 “Property, Plant and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.2175em;top:19.8163em;"><span class="stl_26 stl_13 stl_349">Equipment”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:21.3163em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">• Amendments to IAS 37 “Provisions, Contingent  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.2175em;top:22.0663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Liabilities and Contingent Assets”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:23.5663em;"><span class="stl_26 stl_13 stl_121" style="word-spacing:-0.0288em;">• Annual Improvements to IFRS Standards 2018-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.2175em;top:24.3163em;z-index:5192;"><span class="stl_26 stl_13 stl_16" style="word-spacing:0.0001em;">2020 (IFRS 1, IFRS 9, IFRS 16 and IAS 41)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:25.8163em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">The amendments listed above did not have any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:26.5663em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0379em;">impact on the amounts recognised in prior period  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:27.3163em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0377em;">and current period, and are not expected to signifi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:28.0663em;"><span class="stl_26 stl_13 stl_265" style="word-spacing:-0.0467em;">cantly affect future periods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:29.5588em;"><span class="stl_341 stl_08 stl_28" style="word-spacing:-0.0401em;">Standards not yet adopted  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:30.3163em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">IASB has issued new or amended accounting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.0663em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">standards and interpretations that have not yet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.8163em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">become effective and have consequently not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:32.5663em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">been implemented in the consolidated financial  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:33.3163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">statements for 2022/23. Management expects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.0663em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0357em;">to adopt the accounting standards and interpre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.8163em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0353em;">tations as they become mandatory. None of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:35.5663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">new or amended standards or interpretations are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:36.3163em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">expected to have a significant impact on the con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:37.0663em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">solidated financial statements.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.0529em;"><span class="stl_341 stl_08 stl_317" style="word-spacing:-0.0438em;">Reporting under the ESEF regulation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.8104em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">With securities listed on a regulated market within  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.5604em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">the EU, Ambu is required to prepare the Annual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.3104em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0375em;">Report using a combination of the HTML format  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.0604em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">and tagging the primary consolidated financial  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">statements using iXBRL (Inline eXtensible Busi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.5604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">ness Reporting Language).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.0604em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0323em;">The Group’s iXBRL tags have been prepared in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.8104em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0313em;">accordance with the ESEF taxonomy, which is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.5604em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0326em;">included in the ESEF regulation and developed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3104em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">based on the IFRS taxonomy, published by the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.0604em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">IFRS Foundation.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5604em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">The line items in the consolidated financial state-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3104em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0403em;">ments are tagged to elements in the ESEF taxon-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.0604em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">omy. For financial line items that are not directly  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.8104em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">defined in the ESEF taxonomy, an extension to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.5604em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">the taxonomy has been created. Extensions are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.3104em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0326em;">anchored to elements in the ESEF taxonomy,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.0604em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">except for extensions that are subtotals.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.5604em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">The Annual Report submitted to the Danish Finan-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.3104em;"><span class="stl_26 stl_13 stl_501" style="word-spacing:-0.0437em;">cial Supervisory Authority (the Officially Appointed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.0604em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0316em;">Mechanism) is included in the zip file AMBU-2023-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8104em;"><span class="stl_26 stl_13 stl_50">09-30-en.zip.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.3029em;"><span class="stl_341 stl_08 stl_54" style="word-spacing:-0.0375em;">Principles of consolidation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.0604em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">The consolidated financial statements comprise  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8104em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0407em;">Ambu A/S and companies in which Ambu A/S has  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.5604em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">a controlling interest. Control is deemed to be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.3104em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">obtained if Ambu A/S owns more than 50% of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.0604em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0375em;">voting rights, or if Ambu A/S in any other way has a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.8104em;"><span class="stl_26 stl_13 stl_159" style="word-spacing:-0.029em;">controlling interest in the company.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.3104em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">The subsidiaries’ financial statements are adjusted  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.0604em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">if necessary to ensure that their accounting poli-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.8104em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">cies are consistent with those of the rest of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:38.5604em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Group. All intercompany transactions, balances,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.0604em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">income and expenses are fully eliminated on con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.8104em;"><span class="stl_26 stl_13 stl_200">solidation.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:12.3029em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Foreign currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:13.0604em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">A functional currency is determined for each com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:13.8104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">pany in the Ambu group. The functional currency  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:14.5604em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0395em;">is the currency used in the primary economic  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:15.3104em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">environment in which the individual subsidiary  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.0604em;"><span class="stl_26 stl_13 stl_267">operates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:17.5604em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">Transactions in foreign currencies are translated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:18.3104em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">to the functional currency using the exchange  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.0604em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0363em;">rate applicable at the transaction date. Foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.8104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">exchange gains and losses in connection with the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:20.5604em;"><span class="stl_26 stl_13 stl_14" style="word-spacing:-0.0425em;">settlement of these transactions and the transla-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:21.3104em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">tion of monetary assets and liabilities in foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:22.0604em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">currencies at the exchange rates applicable at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:22.8104em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">balance sheet date are recognised in the income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:23.5604em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">statement under net financials.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.0604em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">Receivables, payables and other monetary items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.8104em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">denominated in foreign currencies are translated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:26.5604em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">to the functional currency at the exchange rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:27.3104em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">applicable at the balance sheet date. The differ-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.0604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">ence between the exchange rate applicable at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.8104em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">balance sheet date and the exchange rate applica-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:29.5604em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">ble at the date on which the receivable or payable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:30.3104em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">occurred or the exchange rate stated in the most  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.0604em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">recent annual report, is recognised in the income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.8104em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">statement under net financials.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:33.3104em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">The financial statements of subsidiaries with a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.0604em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">functional currency other than DKK are translated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.8104em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">to Danish kroner at the exchange rates for balance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:35.5604em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0337em;">sheet items, applicable at the balance sheet date,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.3104em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">and at average exchange rates, as far as income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:37.0604em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">statement items are concerned. Exchange rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:37.8104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">differences arising from the translation of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:38.5604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">net assets of such subsidiaries at the beginning  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:39.3104em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">of the year, using the exchange rates applicable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.0604em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">at the balance sheet date and the translation of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.8104em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">income statement items from the exchange rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:11.5604em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">applicable at the transaction date to the exchange  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:12.3104em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">rates applicable at the balance sheet date, are rec-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.0604em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">ognised in other comprehensive income and pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.8104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">sented as a separate reserve for foreign currency  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:14.5604em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">translation adjustments under equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.0529em;"><span class="stl_341 stl_08 stl_304" style="word-spacing:-0.0422em;">Income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.8104em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">Income and expenses are recognised according  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:17.5604em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">to the accruals concept. The income statement is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:18.3104em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">presented by functions where the respective cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.0604em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">impacts the function to which the cost is deemed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.8104em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0317em;">related to. The Group’s functions are divided into  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:20.5604em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">production, sales and distribution, development,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:21.3104em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">as well as management and administrative costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:22.806em;"><span class="stl_578 stl_94 stl_635" style="word-spacing:-0.0477em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:23.5604em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">Production costs comprise costs incurred in gen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:24.3104em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">erating the revenue for the year. Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.0604em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">include direct and indirect costs for raw materials  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.8104em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">and consumables, freight costs incurred in con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:26.5604em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">nection with the purchase of commodities, etc.,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:27.3104em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">production wages and salaries for support func-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.0604em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">tions and factory management, as well as depre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.8104em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0323em;">ciation and impairment of plant and depreciation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:29.5604em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">of leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:31.056em;"><span class="stl_578 stl_94 stl_492" style="word-spacing:-0.0443em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:31.8104em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0401em;">Selling and distribution costs comprise costs for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:32.5604em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">sales staff, advertising and exhibitions, depreci-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:33.3104em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">ation, impairment and operation of central ware-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.0604em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">houses, as well as all costs relating to the transport  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.8104em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">of goods from the Group’s factories to customers.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:36.306em;"><span class="stl_578 stl_94 stl_29" style="word-spacing:-0.041em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:37.0604em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0395em;">Development costs comprise salaries and costs,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:37.8104em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">which, directly or indirectly, can be attributed to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:38.5604em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">product improvements and the development of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:39.3104em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">new products which do not meet the criteria for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.0604em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">capitalisation of an internally-,generated devel-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.8104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">opment project. In addition, the amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:11.5604em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">impairment of capitalised development costs as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:12.3104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">well as amortisation of rights and acquired tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:13.0604em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">nologies, are recognised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:14.556em;"><span class="stl_578 stl_94 stl_96" style="word-spacing:-0.0434em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:15.3104em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Administrative costs comprise expenses incurred  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:16.0604em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">for management and administration, including  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:16.8104em;"><span class="stl_26 stl_13 stl_317" style="word-spacing:-0.0438em;">expenses for the administrative staff, office prem-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:17.5604em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">ises and office expenses, as well as amortisation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:18.3104em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">and impairment and depreciation of leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:19.8029em;"><span class="stl_341 stl_08 stl_359" style="word-spacing:-0.047em;">Cash flow statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:20.5604em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">The cash flow statement has been prepared on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:21.3104em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">the basis of the indirect method and shows the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:22.0604em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0345em;">Group’s cash flows from operating, investing and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:22.8104em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">financing activities for the year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:24.3104em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0397em;">Leases are considered to be non-cash transac-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:25.0604em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">tions. Cash flows relating to assets held under  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:25.8104em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">leases are recognised as payment of interest and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:26.5604em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0401em;">repayment of debt. Cash flow from financing activ-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:27.3104em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">ities comprises changes to the size or composition  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:28.0604em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">of share capital and costs incidental thereto, as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:28.8104em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">well as the arrangement of loans, the repayment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:29.5604em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">of interest-bearing debt, the purchase and sale of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:30.3104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">treasury shares and the payment of dividend to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.0604em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">Group’s shareholders.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:32.5604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Cash flow denominated in currencies other than  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:33.3104em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">Danish kroner (DKK) is translated using average  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.0604em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">exchange rates, unless such rates deviate mate-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.8104em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">rially from the exchange rates applicable on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:35.5604em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0401em;">transaction date.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:8.7534em;"><span class="stl_259 stl_08 stl_148" style="word-spacing:-0.0297em;">1.2 Changes in balance sheet classification  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.0663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Management has decided to make two changes to the non-current assets classification. Firstly, 'Right-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.8163em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">of-use assets' has been separated from 'Property, plant and equipment'. Secondly, IT software, formerly  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.5663em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">categorised under 'Property, plant and equipment', has been reclassified to the category 'Other incl. IT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.3163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">software' (a category which was previously named 'Rights'). This effect of change in presentation does not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.0663em;"><span class="stl_26 stl_13 stl_14" style="word-spacing:-0.0425em;">affect any key ratios.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.8546em;top:14.5175em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8308em;top:14.5175em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.884em;top:15.5881em;"><span class="stl_26 stl_13 stl_306">Reported  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0083em;top:15.5881em;"><span class="stl_26 stl_13 stl_309">Restated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:17.0212em;"><span class="stl_26 stl_13 stl_42">Goodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0815em;top:17.0212em;"><span class="stl_26 stl_13 stl_179">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0946em;top:17.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6927em;top:17.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0577em;top:17.0212em;"><span class="stl_26 stl_13 stl_179">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:17.9425em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0365em;">Acquired technologies, trademarks and customer relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5933em;top:17.9425em;"><span class="stl_26 stl_13 stl_104">481  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0946em;top:17.9425em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6927em;top:17.9425em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5696em;top:17.9425em;"><span class="stl_26 stl_13 stl_104">481  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:18.8637em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">Acquired technologies in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6402em;top:18.8637em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0946em;top:18.8637em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6927em;top:18.8637em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6158em;top:18.8637em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:19.785em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6096em;top:19.785em;"><span class="stl_26 stl_13 stl_45">764  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:19.785em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6921em;top:19.785em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5858em;top:19.785em;"><span class="stl_26 stl_13 stl_45">764  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:20.7062em;"><span class="stl_26 stl_13 stl_265" style="word-spacing:-0.0468em;">Other incl. IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9665em;top:20.7062em;"><span class="stl_26 stl_13 stl_62">27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0934em;top:20.7062em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.154em;top:20.7062em;"><span class="stl_26 stl_13 stl_31">29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9309em;top:20.7062em;"><span class="stl_26 stl_13 stl_18">56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:21.6275em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0397em;">Development projects and other assets in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5727em;top:21.6275em;"><span class="stl_26 stl_13 stl_86">458  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:21.6275em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1571em;top:21.6275em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5421em;top:21.6275em;"><span class="stl_26 stl_13 stl_363">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:22.5412em;"><span class="stl_341 stl_08 stl_317" style="word-spacing:-0.0439em;">Intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.8402em;top:22.5412em;"><span class="stl_341 stl_08 stl_251">3,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0852em;top:22.5412em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0709em;top:22.5412em;"><span class="stl_341 stl_08 stl_58">54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9015em;top:22.5412em;"><span class="stl_341 stl_08 stl_749">3,619  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:23.9819em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Land and buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6027em;top:23.9819em;"><span class="stl_26 stl_13 stl_366">732  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.9709em;top:23.9819em;"><span class="stl_26 stl_13 stl_90">-539  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6927em;top:23.9819em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5971em;top:23.9819em;"><span class="stl_26 stl_13 stl_382">193  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:24.9031em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6465em;top:24.9031em;"><span class="stl_26 stl_13 stl_73">178  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:24.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6921em;top:24.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6227em;top:24.9031em;"><span class="stl_26 stl_13 stl_73">178  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:25.8244em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.041em;">Other fittings and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6065em;top:25.8244em;"><span class="stl_26 stl_13 stl_40">185  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.3796em;top:25.8244em;"><span class="stl_26 stl_13 stl_868">-51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9634em;top:25.8244em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5809em;top:25.8244em;"><span class="stl_26 stl_13 stl_389">105  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:26.7456em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">Property, plant and equipment in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6321em;top:26.7456em;"><span class="stl_26 stl_13 stl_290">181  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:26.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9659em;top:26.7456em;"><span class="stl_26 stl_13 stl_179">-25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5915em;top:26.7456em;"><span class="stl_26 stl_13 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:27.6594em;"><span class="stl_341 stl_08 stl_97" style="word-spacing:-0.0381em;">Property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9146em;top:27.6594em;"><span class="stl_341 stl_08 stl_298">1,276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.8477em;top:27.6594em;"><span class="stl_341 stl_08 stl_496">-590  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.844em;top:27.6594em;"><span class="stl_341 stl_08 stl_363">-54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4359em;top:27.6594em;"><span class="stl_341 stl_08 stl_58">632  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:29.0925em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">Right-of-use assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.0746em;top:29.0925em;"><span class="stl_341 stl_08 stl_542">590  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4527em;top:29.0925em;"><span class="stl_341 stl_08 stl_542">590  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:30.5331em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Amortisation of intangibles assets identified in connection  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:31.2831em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.939em;top:31.2831em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:31.2831em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6921em;top:31.2831em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9146em;top:31.2831em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:32.2044em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Amortisation of intangible development projects and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:32.9544em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.964em;top:32.9544em;"><span class="stl_26 stl_13 stl_34">91  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0934em;top:32.9544em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5227em;top:32.9544em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5696em;top:32.9544em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:33.8756em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">Depreciation of property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6146em;top:33.8756em;"><span class="stl_26 stl_13 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.3921em;top:33.8756em;"><span class="stl_26 stl_13 stl_385">-70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3265em;top:33.8756em;"><span class="stl_26 stl_13 stl_16">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9359em;top:33.8756em;"><span class="stl_26 stl_13 stl_270">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:34.7969em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Depreciation of right-of-use assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4946em;top:34.7969em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5709em;top:34.7969em;"><span class="stl_26 stl_13 stl_382">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6915em;top:34.7969em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.949em;top:34.7969em;"><span class="stl_26 stl_13 stl_382">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:35.7181em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Impairment losses on non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9509em;top:35.7181em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0934em;top:35.7181em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6915em;top:35.7181em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9265em;top:35.7181em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:36.6319em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0389em;">Total depreciation, amortisation and impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4846em;top:36.6319em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4609em;top:36.6319em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;z-index:33;"><span class="stl_259 stl_08 stl_109">2</span><span class="stl_259 stl_08 stl_958">.</span><span class="stl_259 stl_08 stl_16">1 </span><span class="stl_259 stl_08 stl_58">S</span><span class="stl_259 stl_08 stl_248" style="word-spacing:-0.0305em;">egment information  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5343em;"><span class="stl_578 stl_94 stl_531" style="word-spacing:-0.0443em;">Segment reporting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">Ambu is a supplier of medical technology solutions for the global market. Except for the sales of the vari-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">ous solutions, no structural or organisational aspects allow for a division of earnings from individual prod-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">ucts, as sales channels, customer types and sales organisations are identical for all important markets.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Furthermore, production processes and internal controls and reporting are identical, which means that,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">with the exception of revenue, everything else is unsegmented. Ambu has thus identified one segment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">The Group operates in three geographical regions: North America, Europe and Rest of World. The geo-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">graphical distribution of revenue is based on the country in which the goods are delivered. See note 2.2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0314em;">for a breakdown of revenue on geography and countries that individually represent more than 10% of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_137" style="word-spacing:-0.0231em;">Group's revenue.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">The majority of the Group’s intangible and tangible assets are located in Denmark, as the Parent company  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;z-index:1108;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">owns the Group's intellectual property rights. Denmark accounts for DKK 2,163m (DKK 2,</span><span class="stl_26 stl_13 stl_57">1</span><span class="stl_26 stl_13 stl_172" style="word-spacing:-0.0231em;">16m) of the fig-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">ures in Europe, presented below. Employed assets in North America and Rest of World primarily relates to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">the Group's production facilities. The Management monitors goodwill as a whole, and goodwill is thus not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0363em;">allocated to geographical areas.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.9974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:23.9899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:23.9899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5412em;"><span class="stl_341 stl_08 stl_28" style="word-spacing:-0.0401em;">Intangible and tangible assets less goodwill by geographical region:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.4699em;"><span class="stl_26 stl_13 stl_330" style="word-spacing:-0.0512em;">North America  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3419em;top:26.4699em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5575em;top:26.4699em;"><span class="stl_26 stl_13 stl_157">208  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.3912em;"><span class="stl_26 stl_13 stl_174">Europe  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8188em;top:27.3912em;"><span class="stl_26 stl_13 stl_162">2,315  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0175em;top:27.3912em;"><span class="stl_26 stl_13 stl_36">2,284  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.3124em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">Rest of World  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.38em;top:28.3124em;"><span class="stl_26 stl_13 stl_378">717  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5875em;top:28.3124em;"><span class="stl_26 stl_13 stl_381">726  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:29.2262em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5519em;top:29.2262em;"><span class="stl_341 stl_08 stl_328">3,200  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8588em;top:29.2262em;"><span class="stl_341 stl_08 stl_218">3,218  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_259 stl_08 stl_111" style="word-spacing:-0.028em;">2.2 Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0487em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">Endoscopy Solutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5057em;top:12.0487em;"><span class="stl_26 stl_13 stl_376">2,687  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7694em;top:12.0487em;"><span class="stl_26 stl_13 stl_270">2,324  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.9699em;"><span class="stl_26 stl_13 stl_49">Anaesthesia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5219em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">1,093  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8788em;top:12.9699em;"><span class="stl_26 stl_13 stl_762">1,126  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.8912em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0331em;">Patient Monitoring  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0344em;top:13.8912em;"><span class="stl_26 stl_13 stl_170">995  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2951em;top:13.8912em;"><span class="stl_26 stl_13 stl_104">994  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.8049em;"><span class="stl_341 stl_08 stl_437" style="word-spacing:-0.0341em;">Total revenue by activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3432em;top:14.8049em;"><span class="stl_341 stl_08 stl_244">4,775  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5151em;top:14.8049em;"><span class="stl_341 stl_08 stl_109">4,444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.2456em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">North America</span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_585" style="word-spacing:-0.0608em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5279em;top:16.2458em;"><span class="stl_26 stl_13 stl_38">2,424  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8316em;top:16.2458em;"><span class="stl_26 stl_13 stl_764">2,140  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4485em;top:17.167em;"><span class="stl_26 stl_13 stl_222">Europe</span><sup style="top: -0.2081em;"><span class="stl_302 stl_13 stl_500">2  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5057em;top:17.1671em;"><span class="stl_26 stl_13 stl_130">1,863  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.782em;top:17.1671em;"><span class="stl_26 stl_13 stl_179">1,825  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:18.0883em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">Rest of World  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0182em;top:18.0883em;"><span class="stl_26 stl_13 stl_490">488  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3214em;top:18.0883em;"><span class="stl_26 stl_13 stl_765">479  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:19.0021em;"><span class="stl_341 stl_08 stl_121" style="word-spacing:-0.0287em;">Total revenue by markets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3432em;top:19.0021em;"><span class="stl_341 stl_08 stl_244">4,775  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5151em;top:19.0021em;"><span class="stl_341 stl_08 stl_109">4,444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.4735em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.9213em;top:20.435em;"><span class="stl_473 stl_13 stl_526" style="word-spacing:-0.0492em;">North America includes revenue in the USA of DKK 2,364m (DKK 2,090m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0568em;"><span class="stl_472 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.9213em;top:21.0183em;"><span class="stl_473 stl_13 stl_564" style="word-spacing:-0.0407em;">The Group's domicile country, Denmark, is included in Europe at DKK 57m (DKK 52m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.3911em;"><span class="stl_578 stl_94 stl_328" style="word-spacing:-0.0424em;">Delivery and payment terms  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.1455em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">The Group's primary performance obligation is the sale and delivery of medical technology solutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.8955em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">to customers. The performance obligation is fulfilled when the risk of the goods is passed to the buyer,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.6455em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0377em;">which most often occurs on delivery at the customer's address. Due to the Group's focus on disposable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.3955em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">devices, the Group is not subject to any material guarantee obligations, and customers are not entitled to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.1455em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">return unused goods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.6455em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">The Group's customers have payment terms that reflect the market in which the sale takes place, which  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.3955em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">varies from 15 to 360 days. For the majority of sales, payment terms are 15-60 days. Historically, the Group  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.1455em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">has not experienced any major losses on trade receivables. See note 3.6 on trade receivables.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5312em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">Revenue from the sale of goods is recognised in the income statement when all performance obligations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0301em;">have been fulfilled. Revenue is measured at the fair value of the agreed consideration, exclusive of VAT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">and taxes collected on behalf of a third party. At the time of recognition of income, a number of price  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0365em;">adjustments are also estimated. These are recognised as a reduction to revenue.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0312em;"><span class="stl_341 stl_08 stl_50" style="word-spacing:-0.0412em;">! Material accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7843em;"><span class="stl_578 stl_94 stl_317" style="word-spacing:-0.0437em;">Price adjustments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Price adjustments are offset against trade receivables and primarily concern sales in the USA. Price  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">adjustments in the US market are subject to estimation uncertainty, as the actual price adjustment is not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">determined until the dealer’s sale to the end-customer (hospitals, clinics, etc.). Price adjustments are the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0389em;">difference between the price agreed upon with the end-customer and the dealer’s list price. Price adjust-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">ments in the amount of DKK 54m (DKK 56m) were recognised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.6983em;"><span class="stl_259 stl_08 stl_240" style="word-spacing:-0.0484em;">2.3 Staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.0111em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0413em;">The staff costs of the Group are distributed onto the respective functions as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.4699em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:24.4624em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:24.4624em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.0211em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:26.0211em;"><span class="stl_26 stl_13 stl_465">409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6332em;top:26.0211em;"><span class="stl_26 stl_13 stl_72">416  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.9424em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2957em;top:26.9424em;"><span class="stl_26 stl_13 stl_49">833  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5444em;top:26.9424em;"><span class="stl_26 stl_13 stl_359">883  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.8636em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6982em;top:27.8636em;"><span class="stl_26 stl_13 stl_428">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9444em;top:27.8636em;"><span class="stl_26 stl_13 stl_62">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.7849em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3094em;top:28.7849em;"><span class="stl_26 stl_13 stl_247">302  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6113em;top:28.7849em;"><span class="stl_26 stl_13 stl_791">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.7061em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:29.7061em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9525em;top:29.7061em;"><span class="stl_26 stl_13 stl_81">59  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.6199em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.04em;">Total staff expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6082em;top:30.6199em;"><span class="stl_341 stl_08 stl_741">1,628  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9144em;top:30.6199em;"><span class="stl_341 stl_08 stl_764">1,713  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.0605em;"><span class="stl_26 stl_13 stl_107" style="word-spacing:-0.0429em;">Staff costs included in intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3419em;top:32.0605em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:32.0605em;"><span class="stl_26 stl_13 stl_889">217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.9817em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Staff costs included in property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:32.9817em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:32.9817em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.8955em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5963em;top:33.8955em;"><span class="stl_341 stl_08 stl_120">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8769em;top:33.8955em;"><span class="stl_341 stl_08 stl_462">1,933  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4849em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">Staff costs are distributed between the Executive Management, the Board of Directors and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">employees as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.6943em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:12.6868em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:12.6868em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Remuneration, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4107em;top:14.2456em;"><span class="stl_26 stl_13 stl_103">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:14.2456em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:15.1668em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8026em;top:15.1668em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:16.0881em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6151em;top:16.0881em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:16.0881em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.0093em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6151em;top:17.0093em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6938em;top:17.0093em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:17.9306em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Severance pay, share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7782em;top:17.9306em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0301em;top:17.9306em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:18.8443em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3282em;top:18.8443em;"><span class="stl_341 stl_08 stl_21">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5938em;top:18.8443em;"><span class="stl_341 stl_08 stl_387">31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:20.285em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5201em;top:20.285em;"><span class="stl_26 stl_13 stl_542">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8194em;top:20.285em;"><span class="stl_26 stl_13 stl_445">1,679  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:21.2062em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4394em;top:21.2062em;"><span class="stl_26 stl_13 stl_575">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6544em;top:21.2062em;"><span class="stl_26 stl_13 stl_35">68  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:22.1275em;"><span class="stl_26 stl_13 stl_324" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0769em;top:22.1275em;"><span class="stl_26 stl_13 stl_355">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3207em;top:22.1275em;"><span class="stl_26 stl_13 stl_84">138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:23.0487em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4388em;top:23.0487em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7157em;top:23.0487em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:23.97em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7782em;top:23.97em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0301em;top:23.97em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:24.8837em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3219em;top:24.8837em;"><span class="stl_341 stl_08 stl_253">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6026em;top:24.8837em;"><span class="stl_341 stl_08 stl_572">1,933  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:26.3243em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.0321em;">Average number of employees during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4701em;top:26.3243em;"><span class="stl_26 stl_13 stl_328">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7426em;top:26.3243em;"><span class="stl_26 stl_13 stl_36">4,849  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.2456em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">Number of full-time employees at the end of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5726em;top:27.2456em;"><span class="stl_26 stl_13 stl_794">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7301em;top:27.2456em;"><span class="stl_26 stl_13 stl_377">4,409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:28.7149em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0312em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 29m (DKK 37m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.2075em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.9649em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Staff costs comprise remuneration, wages and salaries, pension contributions, etc., and share-based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:31.7149em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">payment to the company’s employees, including termination benefits. The Group has no defined benefit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:32.465em;"><span class="stl_26 stl_13 stl_59">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_64" style="word-spacing:-0.0351em;">2.4 Depreciation, amortisation and impairment losses on non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Amortisation of intangible assets identified in connection  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7987em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.705em;top:12.7987em;"><span class="stl_26 stl_13 stl_390">47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9163em;top:12.7987em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.7199em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Amortisation of intangible development projects and other incl. IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3613em;top:13.7199em;"><span class="stl_26 stl_13 stl_882">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5719em;top:13.7199em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.6412em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">Depreciation of property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:14.6412em;"><span class="stl_26 stl_13 stl_270">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:14.6412em;"><span class="stl_26 stl_13 stl_270">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.5624em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">Depreciation of right-of-use assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6719em;top:15.5624em;"><span class="stl_26 stl_13 stl_364">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9513em;top:15.5624em;"><span class="stl_26 stl_13 stl_382">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.4837em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Impairment losses on non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6832em;top:16.4837em;"><span class="stl_26 stl_13 stl_142">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9288em;top:16.4837em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.3974em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0389em;">Total depreciation, amortisation and impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1838em;top:17.3974em;"><span class="stl_341 stl_08 stl_32">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4632em;top:17.3974em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.8743em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0335em;">In 2021/22, DKK 50m of the total impairment losses on non-current assets of DKK 60m for the year relates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.6243em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0317em;">to the cost reduction program announced on 3 August 2022 and recognised as 'special items'. Please  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.3743em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0322em;">refer to note 2.6 for more information.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.8743em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">Depreciation, amortisation and impairment losses have been allocated to the following functions:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.333em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:23.3255em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:23.3255em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.8843em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:24.8843em;"><span class="stl_26 stl_13 stl_103">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9494em;top:24.8843em;"><span class="stl_26 stl_13 stl_380">78  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.8055em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6857em;top:25.8055em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9307em;top:25.8055em;"><span class="stl_26 stl_13 stl_36">38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:26.7268em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3325em;top:26.7268em;"><span class="stl_26 stl_13 stl_162">188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5938em;top:26.7268em;"><span class="stl_26 stl_13 stl_351">150  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.648em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6719em;top:27.648em;"><span class="stl_26 stl_13 stl_77">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9294em;top:27.648em;"><span class="stl_26 stl_13 stl_111">35  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.5693em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7113em;top:28.5693em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9332em;top:28.5693em;"><span class="stl_26 stl_13 stl_362">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:29.483em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0389em;">Total depreciation, amortisation and impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1832em;top:29.483em;"><span class="stl_341 stl_08 stl_32">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4625em;top:29.483em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:30.9524em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:31.7099em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">For a description of accounting policies, reference is made to notes 3.1, 3.2 and 3.3.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_259 stl_08 stl_60" style="word-spacing:-0.035em;">2.5 Financial risks from operating activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5343em;"><span class="stl_578 stl_94 stl_417" style="word-spacing:-0.044em;">Foreign currency risks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;z-index:1293;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0323em;">The majority of Ambu's sales are invoiced in USD, EUR and GB</span><span class="stl_26 stl_13 stl_959">P</span><span class="stl_26 stl_13 stl_16" style="word-spacing:0em;">. </span><span class="stl_26 stl_13 stl_80">T</span><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0405em;">he majority of Ambu's production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0387em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">and OPEX are in USD, DKK, EUR, MYR and CNY. All assets and liabililties in the subsidiaries' balance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7887em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">sheets are denominated in foreign currency. As a consequence, fluctuations in these exchange rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">against DKK might impact Ambu’s financial position and results. The most important exchange rates in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2887em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.0319em;">relation to risk exposure are USD, MYR, CNY and GBP (collectively referred to as ‘main currencies’). Fur-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.0387em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">thermore, EUR is a currency with large exposure, but the risk is deemed limited, due to DKK being pegged  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7887em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">to EUR.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2843em;"><span class="stl_578 stl_94 stl_319" style="word-spacing:-0.0465em;">Sensitivity analysis  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0387em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">The following table shows the impact on the Group's net profit in the event of a 10% fluctuation in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7887em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">main currencies, relative to the recognised financial instruments. The fluctuation of 10% constitutes the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5387em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0345em;">Management’s assessment of a realistic exchange rate development within the main currencies. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2887em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0408em;">financial instruments comprised by the sensitivity analysis include trade receivables, cash, payables, trade  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">payables and intercompany balances. The sensitivity analysis does not take into consideration any transla-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7887em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0403em;">tion effect from functional currency to presentation currency.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.4944em;top:23.2399em;"><span class="stl_341 stl_08 stl_61" style="word-spacing:-0.0304em;">Decrease of 10%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.1219em;top:23.2399em;"><span class="stl_341 stl_08 stl_250" style="word-spacing:-0.0302em;">Increase of 10%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2151em;top:23.9899em;"><span class="stl_341 stl_08 stl_42" style="word-spacing:-0.0386em;">in main currencies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.7188em;top:23.9899em;"><span class="stl_341 stl_08 stl_42" style="word-spacing:-0.0386em;">in main currencies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.9038em;top:25.1712em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.2044em;top:25.1712em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4076em;top:25.1712em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7082em;top:25.1712em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:26.7299em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">Income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.6826em;top:26.7299em;"><span class="stl_26 stl_13 stl_430">-34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9544em;top:26.7299em;"><span class="stl_26 stl_13 stl_130">-93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3994em;top:26.7299em;"><span class="stl_26 stl_13 stl_377">34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6551em;top:26.7299em;"><span class="stl_26 stl_13 stl_36">93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:27.6512em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">Other comprehensive income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4407em;top:27.6512em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6926em;top:27.6512em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9445em;top:27.6512em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1963em;top:27.6512em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.592em;top:28.5649em;"><span class="stl_341 stl_08 stl_363">-34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.867em;top:28.5649em;"><span class="stl_341 stl_08 stl_130">-93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3226em;top:28.5649em;"><span class="stl_341 stl_08 stl_58">34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5745em;top:28.5649em;"><span class="stl_341 stl_08 stl_58">93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5343em;"><span class="stl_578 stl_94 stl_359" style="word-spacing:-0.0468em;">Hedging of expected future transactions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">Interest rate swaps have been entered into to hedge the Group’s partial debt to credit institutions, con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">verting floating-rate debt into fixed-rate debt. Management has decided to not apply the rules of 'hedge  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0335em;">accounting' to the DKK 250m interest rate swap, and consequently, fair value adjustments are recognised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">in the income statement. Please refer to note 4.1 and note 4.2.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.9974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0825em;top:14.9899em;"><span class="stl_341 stl_08 stl_359" style="word-spacing:-0.0471em;">Contract value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.35em;top:14.9899em;"><span class="stl_341 stl_08 stl_401" style="word-spacing:-0.0314em;">Fair value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0744em;top:16.1712em;"><span class="stl_341 stl_08 stl_140" style="word-spacing:2.0034em;">30.09.23 30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5782em;top:16.1712em;"><span class="stl_341 stl_08 stl_140" style="word-spacing:2.0034em;">30.09.23 30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.7224em;"><span class="stl_341 stl_08 stl_490" style="word-spacing:-0.0449em;">Interest rate swaps:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.6512em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">Interest rate swap, DKK 250m, floating to fixed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:19.4012em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">rate, maturity May 2025  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.81em;top:19.4012em;"><span class="stl_26 stl_13 stl_292">250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0619em;top:19.4012em;"><span class="stl_26 stl_13 stl_292">250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7363em;top:19.4012em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9882em;top:19.4012em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:20.3149em;"><span class="stl_341 stl_08 stl_327" style="word-spacing:-0.0379em;">Total financial assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.6863em;top:20.3149em;"><span class="stl_341 stl_08 stl_170">250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9382em;top:20.3149em;"><span class="stl_341 stl_08 stl_170">250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6482em;top:20.3149em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9em;top:20.3149em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.4511em;"><span class="stl_259 stl_08 stl_87" style="word-spacing:-0.0318em;">2.6 Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.7227em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:23.7152em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:23.7152em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.274em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Impairment of intangible rights related to production  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7175em;top:25.274em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:25.274em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.1952em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0383em;">Impairment of in-progress development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:26.1952em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9338em;top:26.1952em;"><span class="stl_26 stl_13 stl_21">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.1165em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Remeasurement of technology-debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5569em;top:27.1165em;"><span class="stl_26 stl_13 stl_441">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8025em;top:27.1165em;"><span class="stl_26 stl_13 stl_388">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.0377em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Severance costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:28.0377em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9207em;top:28.0377em;"><span class="stl_26 stl_13 stl_82">45  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.959em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">Legal and outplacement costs in relation to severance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:28.959em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:28.959em;"><span class="stl_26 stl_13 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.8802em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">Write-down of Ambu</span><sup style="top: -0.2078em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:0.1788em;">® </span></sup><span class="stl_26 stl_13 stl_540">aScope</span><sup style="top: -0.2081em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:0.1788em;">™ </span></sup><span class="stl_26 stl_13 stl_121" style="word-spacing:-0.0289em;">Duodeno 1.5 inventories  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2211em;top:29.8805em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9467em;top:29.8805em;"><span class="stl_26 stl_13 stl_387">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7242em;top:30.8018em;"><span class="stl_26 stl_13 stl_121" style="word-spacing:-0.0289em;">Termination costs CEO, remuneration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2211em;top:30.8018em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9686em;top:30.8018em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:31.723em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0307em;">Termination costs CEO, share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2217em;top:31.723em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3049em;top:31.723em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:32.6368em;"><span class="stl_341 stl_08 stl_46" style="word-spacing:-0.0321em;">Total special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0136em;top:32.6368em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4705em;top:32.6368em;"><span class="stl_341 stl_08 stl_45">148  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:34.1137em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">Remeasurement of the historical technology acquisition amounted to an income of DKK 19m (DKK 15m)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:34.8637em;"><span class="stl_26 stl_13 stl_529" style="word-spacing:-0.0198em;">in 2022/23.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:10.4855em;"><span class="stl_26 stl_13 stl_69" style="word-spacing:-0.0309em;">In 2021/22, special items was a net expense of DKK 148m, mainly driven by costs associated with the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:11.2355em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0321em;">former CEO being replaced in May 2022, the cost reduction program announced on 3 August 2022 and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:11.9855em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">remeasurement of a historical technology acquisition within Anaesthesia and Patient Monitoring.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:13.4855em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">The cost reduction program targets three categories. Workforce reductions, scaling down in selected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:14.2355em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">in-progress development projects in future technologies and new product developments within Anaes-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:14.9855em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">thesia and Patient Monitoring and a decision not to launch Ambu</span><sup style="top: -0.208em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:0.1788em;">® </span></sup><span class="stl_26 stl_13 stl_146" style="word-spacing:-0.0253em;">aScope™ Duodeno 1.5 in additional  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:15.7356em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">markets for now, triggered write-down of excess inventories.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:17.2356em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">If special items had been recognised in Operating profit (EBIT) before special items, the impact would  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:17.9856em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">have been allocated to the following functions:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4443em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:19.4368em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:19.4368em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9956em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:20.9956em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6713em;top:20.9956em;"><span class="stl_26 stl_13 stl_387">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.9168em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.5857em;top:21.9168em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6669em;top:21.9168em;"><span class="stl_26 stl_13 stl_34">32  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.8381em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.432em;top:22.8381em;"><span class="stl_26 stl_13 stl_56">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6582em;top:22.8381em;"><span class="stl_26 stl_13 stl_362">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.7593em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">Management and administration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:23.7593em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7032em;top:23.7593em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.6731em;"><span class="stl_341 stl_08 stl_46" style="word-spacing:-0.0321em;">Total special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7376em;top:24.6731em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1945em;top:24.6731em;"><span class="stl_341 stl_08 stl_45">148  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.1425em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.9em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0395em;">Special items comprise costs or income that cannot be attributed directly to the Group's ordinary activi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.65em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">ties and are non-recuring in nature. Such costs include the cost related to significant restructuring of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">cost base and processes, as well as restructuring costs related to resignation of employees. Further spe-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.15em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">cial items include redundancy costs related to the Group's Management and impairment of assets.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_496" style="word-spacing:-0.0245em;">2.7 Income taxes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5387em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">Ambu develops, manufactures and sells solutions to hospitals and rescue services all over the world  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">through its own companies or in collaboration with third parties. This naturally leads to cross-border  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">transactions. In order to counter the inherent tax risk associated with being a multinational company,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Ambu follows the OECD’s transfer pricing principles and general guidelines. Even though Ambu operates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0375em;">in OECD member countries, a tax risk still exists, given the fact that applicable principles and guidelines  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">are, to some extent, subject to interpretation by the member countries, and that applicable case law is not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">always clear and changes over time.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5343em;"><span class="stl_578 stl_94 stl_150" style="word-spacing:-0.0242em;">Tax governance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0317em;">Our work with income taxes is governed by the Tax Policy, approved by the Board of Directors. Ambu's  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">policy is to have a low tax risk appetite and to refrain from having business in tax havens or low tax jurisdic-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0377em;">tions for the purpose of conducting tax optimisation.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">In some jurisdictions where we operate, tax incentives are offered to all market participants. Our tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">approach does not prevent us from making use of such incentives, in so far as our activities are busi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0345em;">ness-driven and not motivated by tax considerations. Tax incentives utilised by Ambu mainly relates to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">R&amp;D activities. The majority of the current tax incentives are applied in Denmark, where Ambu A/S utilises  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">the possibility of R&amp;D credit relief.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7843em;"><span class="stl_578 stl_94 stl_158" style="word-spacing:-0.027em;">Tax risks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5387em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">To counter any future tax disputes and disagreements with the authorities, the Management makes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">estimates and assessments of the Group’s tax exposure and, on the basis thereof, makes a provision for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.0387em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">uncertain tax positions. Even though the Management considers this provision to be sufficient, future lia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">bilities may deviate from this.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:29.2399em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:29.2399em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.7912em;"><span class="stl_341 stl_08 stl_61" style="word-spacing:-0.0303em;">Tax for the year comprises:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.6962em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Current tax on profit for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7163em;top:31.6962em;"><span class="stl_26 stl_13 stl_71">41  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.98em;top:31.6962em;"><span class="stl_26 stl_13 stl_416">61  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.5937em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Deferred tax on profit for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7163em;top:32.5937em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7294em;top:32.5937em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.4912em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Adjustment in respect of previous years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5575em;top:33.4912em;"><span class="stl_26 stl_13 stl_392">-12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9719em;top:33.4912em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.3812em;"><span class="stl_341 stl_08 stl_437" style="word-spacing:-0.0341em;">Tax on profit for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5988em;top:34.3812em;"><span class="stl_341 stl_08 stl_58">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8863em;top:34.3812em;"><span class="stl_341 stl_08 stl_575">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:35.798em;"><span class="stl_26 stl_13 stl_36" style="word-spacing:-0.0359em;">Current tax on other comprehensive income and entries on equity for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2207em;top:35.798em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4725em;top:35.798em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:36.6955em;"><span class="stl_26 stl_13 stl_140" style="word-spacing:-0.0366em;">Deferred tax on other comprehensive income and entries on equity for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5013em;top:36.6955em;"><span class="stl_26 stl_13 stl_162">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:36.6955em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:37.5855em;"><span class="stl_341 stl_08 stl_51" style="word-spacing:-0.0368em;">Tax on other comprehensive income and entries on equity for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4em;top:37.5855em;"><span class="stl_341 stl_08 stl_542">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2638em;top:37.5855em;"><span class="stl_341 stl_08 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:39.3812em;"><span class="stl_341 stl_08 stl_87" style="word-spacing:-0.0319em;">Total income taxes for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6332em;top:39.3812em;"><span class="stl_341 stl_08 stl_575">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8544em;top:39.3812em;"><span class="stl_341 stl_08 stl_142">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4475em;top:10.4799em;"><span class="stl_578 stl_94 stl_28" style="word-spacing:-0.0402em;">Income tax paid  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4475em;top:11.2343em;"><span class="stl_26 stl_13 stl_146" style="word-spacing:-0.0254em;">Paid income tax for the year was DKK 57m (DKK 79m), corresponding to 27% (72%) of realised profit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4475em;top:11.9843em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0331em;">before tax. The reason for the high effective tax payment in 2021/22, compared to the realised average  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4475em;top:12.7343em;"><span class="stl_26 stl_13 stl_525" style="word-spacing:-0.0417em;">effective tax rate, was due to timing differences from deferred tax on profits in previous years.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.1943em;"><span class="stl_26 stl_13 stl_445">(%)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:14.1868em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:14.1868em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7381em;"><span class="stl_341 stl_08 stl_159" style="word-spacing:-0.0291em;">Tax on profit for the year comprises (%):  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.6668em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">Applicable tax rate on profit for the year in Parent company  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8763em;top:16.6668em;"><span class="stl_26 stl_13 stl_307">22.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1282em;top:16.6668em;"><span class="stl_26 stl_13 stl_307">22.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:17.5881em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Effect of tax rate in foreign subsidiaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.2882em;top:17.5881em;z-index:2784;"><span class="stl_26 stl_13 stl_427">3.1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2019em;top:17.5881em;z-index:2788;"><span class="stl_26 stl_13 stl_759">15.1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:18.5093em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">Income not subject to tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1388em;top:18.5093em;"><span class="stl_26 stl_13 stl_960">-1.9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2594em;top:18.5093em;"><span class="stl_26 stl_13 stl_522">-0.8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:19.4306em;"><span class="stl_26 stl_13 stl_467" style="word-spacing:-0.048em;">Non-deductible costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.2332em;top:19.4306em;"><span class="stl_26 stl_13 stl_111">3.8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1407em;top:19.4306em;"><span class="stl_26 stl_13 stl_741">10.8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:20.3518em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">Adjustment, change in tax rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9444em;top:20.3518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4788em;top:20.3518em;"><span class="stl_26 stl_13 stl_68">0.3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:21.2731em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Value adjustment of contingent consideration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9451em;top:21.2731em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9369em;top:21.2731em;"><span class="stl_26 stl_13 stl_257">-24.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.1943em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">Tax adjustment in respect of previous years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0751em;top:22.1943em;z-index:2987;"><span class="stl_26 stl_13 stl_620">-5.1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1938em;top:22.1943em;"><span class="stl_26 stl_13 stl_605">11.2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.1156em;"><span class="stl_26 stl_13 stl_525" style="word-spacing:-0.0418em;">Additional tax deduction on R&amp;D costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1401em;top:23.1156em;"><span class="stl_26 stl_13 stl_960">-1.9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0613em;top:23.1156em;"><span class="stl_26 stl_13 stl_72">-17.8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:24.0368em;"><span class="stl_26 stl_13 stl_357" style="word-spacing:-0.0387em;">Utilisation of tax assets not previously recognised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9463em;top:24.0368em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3482em;top:24.0368em;"><span class="stl_26 stl_13 stl_81">-1.5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:24.9506em;"><span class="stl_341 stl_08 stl_525" style="word-spacing:-0.0417em;">Average effective tax rate (tax expense  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:25.7006em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0415em;">divided by profit before tax)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.7163em;top:25.7006em;"><span class="stl_341 stl_08 stl_352">20.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0032em;top:25.7006em;"><span class="stl_341 stl_08 stl_411">14.7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.1699em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.9274em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">The tax for the year, which consists of current tax and changes in deferred tax, is recognised in the income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:28.6774em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">statement, with the portion attributable to the profit for the year, and in other comprehensive income, with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:29.4274em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">the portion attributable to amounts recognised directly in other comprehensive income and in equity with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.1774em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">the portion attributable to amounts recognised directly in equity. The tax effect of share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.9274em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">is included in tax on profit for the year with the portion attributable to the Group’s deductible share of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:31.6774em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">cost from the Black-Scholes or other applied valuation model, and the remaining tax effect is included in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:32.4274em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">equity. Tax is provided on the basis of the tax rules and tax rates applicable in the individual countries.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_48" style="word-spacing:-0.0395em;">2.8 Deferred tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5788em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.0249em;"><span class="stl_26 stl_13 stl_107" style="word-spacing:-0.0429em;">Deferred tax at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4588em;top:12.0249em;"><span class="stl_26 stl_13 stl_364">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7588em;top:12.0249em;"><span class="stl_26 stl_13 stl_868">-24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.8756em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8894em;top:12.8756em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.1413em;top:12.8756em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.7262em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">Deferred tax on share-based payment recognised in equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5013em;top:13.7262em;"><span class="stl_26 stl_13 stl_162">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:13.7262em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.5768em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">Deferred tax for the year recognised in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7157em;top:14.5768em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7288em;top:14.5768em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.4274em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Adjustment in respect of previous years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.825em;top:15.4274em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9894em;top:15.4274em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.2706em;"><span class="stl_341 stl_08 stl_107" style="word-spacing:-0.0428em;">Deferred tax at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:16.2706em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:16.2706em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:17.6093em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.0431em;">Deferred tax relates to:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.4674em;"><span class="stl_26 stl_13 stl_525" style="word-spacing:-0.0417em;">Intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:18.4674em;"><span class="stl_26 stl_13 stl_97">383  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5432em;top:18.4674em;"><span class="stl_26 stl_13 stl_467">438  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.318em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.685em;top:19.318em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.95em;top:19.318em;"><span class="stl_26 stl_13 stl_428">24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.1687em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.0431em;">Current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4588em;top:20.1687em;"><span class="stl_26 stl_13 stl_364">-54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7288em;top:20.1687em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.0193em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">Deferred tax on share-based payment recognised in equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:21.0193em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:21.0193em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.8699em;"><span class="stl_26 stl_13 stl_32">Provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6769em;top:21.8699em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:21.8699em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.7205em;"><span class="stl_26 stl_13 stl_564">Payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5563em;top:22.7205em;"><span class="stl_26 stl_13 stl_441">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7575em;top:22.7205em;"><span class="stl_26 stl_13 stl_387">-21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.5712em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Tax loss carry-forwards  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0869em;top:23.5712em;"><span class="stl_26 stl_13 stl_68">-447  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3644em;top:23.5712em;"><span class="stl_26 stl_13 stl_376">-473  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:24.4143em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:24.4143em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:25.753em;"><span class="stl_341 stl_08 stl_465" style="word-spacing:-0.0389em;">Classified in the balance sheet as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:26.6112em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.0431em;">Deferred tax asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.45em;top:26.6112em;"><span class="stl_26 stl_13 stl_839">-85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7719em;top:26.6112em;"><span class="stl_26 stl_13 stl_385">-70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.4618em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0431em;">Deferred tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:27.4618em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:27.4618em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3763em;top:28.3049em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6244em;top:28.3049em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.7299em;"><span class="stl_578 stl_94 stl_88" style="word-spacing:-0.0339em;">Tax losses in the group  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.4843em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0401em;">In recognising tax loss carry-forwards in Denmark, the Management has assessed whether convinc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.2343em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">ing evidence was present, as the Group has a history of recent losses in Denmark, which is due to high  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.9843em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0315em;">investment levels, low residual profit earned in the Parent company, as a consequence of the arm's length  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.7343em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">mechanism in the OECD Principal-model and tax deductibility of employees' share-based payments.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.2343em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Tax loss carry-forwards in Denmark, totalling DKK 440m (DKK 473m), were recognised at year-end. The tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.9843em;"><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0405em;">loss carry-forwards are recognised on the basis of budgets and strategy plans for the individual activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.7343em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">approved by the Management, incuding tax planning opportunities that will advance the taxable profit.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.4843em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">Estimates and assessments of future taxable income are thus consistent with the basis for the impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.2343em;"><span class="stl_26 stl_13 stl_500" style="word-spacing:-0.0488em;">tests carried out.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4812em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2387em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">Deferred tax is measured under the balance sheet liability method, on the basis of all temporary differ-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9887em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">ences between the carrying amount and tax base of assets and liabilities. Deferred tax is not recognised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7387em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">on temporary differences resulting from the initial recognition of goodwill. Deferred tax assets, including  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4887em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">the tax base of tax loss carry-forwards, are recognised under other non-current assets at the expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2387em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">usable value, either as a set-off against tax on future income, or as a set-off against deferred tax liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9887em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0371em;">in the same legal tax entity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4887em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Adjustment is made of deferred tax in relation to eliminations made regarding unrealised intercompany  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2387em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">profits and losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7387em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">The value of deductible temporary differences is recognised to the extent that the Management, on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4887em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">basis of budgets, business plans, etc., is able to render it probable that the value can be offset against  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">temporary deferred tax liabilities or against future taxable income. Tax losses are recognised to the extent  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9887em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">that the Management can render it probable that these can be offset against future taxable income.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4887em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Deferred tax is calculated on share-based payments to the extent that the individual scheme is deductible  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2387em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">for the Group. Deferred tax is calculated as the difference between the value of the share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">at the time of allocation and the fair value, whichever is higher. Deferred tax assets from share-based pay-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7387em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0375em;">ment schemes are recognised proportionately over the vesting period. The tax asset is recognised in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.4887em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">income statement at a value corresponding to the tax deduction for the scheme-related costs recognised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.2387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">in the income statement. Any additional values are recognised directly in equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7387em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Deferred tax is measured on the basis of the taxation rules and tax rates, which, pursuant to the legislation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4887em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">in force at the balance sheet date, will apply in the individual countries at the time when the deferred tax is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2387em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">expected to become payable as current tax. Changes in deferred tax resulting from changes in tax rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.9887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">are recognised in the income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_258" style="word-spacing:-0.0248em;">2.9 Earnings per share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">Net profit for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3419em;top:12.0487em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9313em;top:12.0487em;"><span class="stl_26 stl_13 stl_36">93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4818em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">Average number of Class A and Class B shares in circulation (’000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0163em;top:13.4818em;"><span class="stl_26 stl_13 stl_24">260,480  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3069em;top:13.4818em;"><span class="stl_26 stl_13 stl_255">253,985  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.403em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0401em;">Dilutive effect of outstanding share options, warrants and employee  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.153em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">share programmes (’000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3932em;top:15.153em;"><span class="stl_26 stl_13 stl_83">176  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.58em;top:15.153em;"><span class="stl_26 stl_13 stl_34">441  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.0668em;"><span class="stl_341 stl_08 stl_345" style="word-spacing:-0.0399em;">Average number of outstanding Class A and Class B shares including  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.8168em;"><span class="stl_341 stl_08 stl_96" style="word-spacing:-0.0433em;">the dilutive effect of share-based payment settled in shares (’000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.7544em;top:16.8168em;"><span class="stl_341 stl_08 stl_173">260,656  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.995em;top:16.8168em;"><span class="stl_341 stl_08 stl_159">254,426  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.2574em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0315em;">Earnings per DKK 0.50 share (EPS) in DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1263em;top:18.2574em;"><span class="stl_26 stl_13 stl_42">0.64  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4em;top:18.2574em;"><span class="stl_26 stl_13 stl_362">0.37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.1787em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">Diluted earnings per DKK 0.50 share (EPS-D) in DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1263em;top:19.1787em;"><span class="stl_26 stl_13 stl_42">0.64  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4em;top:19.1787em;"><span class="stl_26 stl_13 stl_362">0.37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.6405em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.398em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">Earnings per share are presented as both earnings per share and diluted earnings per share. Earnings per  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.148em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">share are calculated as the net profit for the year, divided by the average number of outstanding shares.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.898em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">Diluted earnings per share are calculated as the net profit for the year, divided by the sum of the average  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.648em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">number of outstanding shares, including the dilutive effect of outstanding share-based payment settled  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.398em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">in shares that are ‘in the money’. The dilutive effect of share-based payment that are ‘in the money’ is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.148em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">calculated as the difference between the number of shares that could be acquired at fair value for the pro-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.898em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">ceeds from the exercise of the share-based payment offset, against the share of the granted fair value of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.648em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">the share-based payment not yet recognised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;z-index:47;"><span class="stl_259 stl_08 stl_98">3</span><span class="stl_259 stl_08 stl_958">.</span><span class="stl_259 stl_08 stl_16">1 </span><span class="stl_259 stl_08 stl_97">G</span><span class="stl_259 stl_08 stl_58">oodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5788em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.0487em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8057em;top:12.0487em;"><span class="stl_26 stl_13 stl_179">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0313em;top:12.0487em;"><span class="stl_26 stl_13 stl_142">1,504  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.9699em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4669em;top:12.9699em;"><span class="stl_26 stl_13 stl_86">-58  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6569em;top:12.9699em;"><span class="stl_26 stl_13 stl_886">119  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8837em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5944em;top:13.8837em;"><span class="stl_341 stl_08 stl_278">1,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8588em;top:13.8837em;"><span class="stl_341 stl_08 stl_431">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.3605em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">The carrying amount of goodwill at DKK 1,565m (DKK 1,623m) stems primarily from the business combi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.1105em;"><span class="stl_26 stl_13 stl_67" style="word-spacing:-0.0237em;">nations of Invendo Medical GmbH in 2017 and King Systems Corp. in 2013.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.6062em;"><span class="stl_578 stl_94 stl_491" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3605em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">The Ambu Group is managed as one single unit, for which reason the Management monitors goodwill, as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.1105em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">a whole, at Group level. Consequently, the impairment test is based on the Group’s total cash flows. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.8605em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">market value of Ambu A/S’s shares, based on the quoted price of DKK 73.86</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.502em;top:19.8605em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">per share on Nasdaq Copen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.6105em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0311em;">hagen at 30 September 2023 (DKK 66.42 per share at 30 September 2022), is far higher than the carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3605em;"><span class="stl_26 stl_13 stl_24" style="word-spacing:-0.0275em;">amount of equity. Based on this market value approximation, Ambu's equity value is DKK 19.9bn (DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.1105em;"><span class="stl_26 stl_13 stl_153" style="word-spacing:-0.0255em;">17bn), which leaves DKK 14.5bn (DKK 13bn) in headroom to the carrying amount of equity. Therefore, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.8605em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">Management has concluded that the net selling price, calculated on the basis of a level 1 fair value meas-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.6105em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">urement, proves that there is no indication of impairment of goodwill.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.478em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifiable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9855em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">net assets of the acquired company. Subsequently, goodwill is measured at cost less accumulated impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7355em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">ment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2355em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to ben-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9855em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0308em;">efit from the business combination; however, not to a level lower than the segment level and the level at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">which goodwill is monitored as part of the internal financial management. The Management has identified  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4855em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">one operating segment being the whole Group, to which goodwill is allocated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9855em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">The carrying amount of goodwill is tested for impairment, together with the other non-current assets of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7355em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">the cash-generating unit, to which goodwill has been allocated (being the whole Group) and is impaired to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4855em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">the recoverable amount in the income statement, if the carrying amount is higher. Impairment of goodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2355em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">is recognised as a separate item in the income statement. Goodwill is tested annually for impairment, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9855em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">first time being by the end of the year of recognition, in connection with a business combination.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4855em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Impairment of goodwill is not reversed. Impairment of other assets is reversed, in so far as the assump-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2355em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">tions and estimates, on the basis of which the impairment is made, have been changed. Impairments are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9855em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">only reversed, in so far as the new carrying amount of the asset does not exceed the carrying amount of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7355em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">the asset after amortisation, had the asset not been impaired.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_59" style="word-spacing:-0.0364em;">3.2 Other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3575em;top:10.4899em;"><span class="stl_341 stl_08 stl_327">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3507em;top:10.4899em;"><span class="stl_341 stl_08 stl_261">Devel-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.6569em;top:11.2399em;"><span class="stl_341 stl_08 stl_516">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.905em;top:11.2399em;"><span class="stl_341 stl_08 stl_579">opment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3138em;top:11.9899em;"><span class="stl_341 stl_08 stl_54">nologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.3732em;top:11.9899em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:0.5332em;">Acquired Completed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4982em;top:11.9899em;"><span class="stl_341 stl_08 stl_338">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7657em;top:11.9899em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.5863em;top:12.7399em;"><span class="stl_341 stl_08 stl_439">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.6725em;top:12.7399em;"><span class="stl_341 stl_08 stl_516">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5119em;top:12.7399em;"><span class="stl_341 stl_08 stl_37">develop-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2738em;top:12.7399em;"><span class="stl_341 stl_08 stl_51" style="word-spacing:-0.0368em;">incl. IT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3219em;top:12.7399em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.043em;">and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3519em;top:13.4899em;"><span class="stl_341 stl_08 stl_80" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.783em;top:13.4899em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0355em;">nologies in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.6388em;top:13.4899em;"><span class="stl_341 stl_08 stl_466">ment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8988em;top:13.4899em;"><span class="stl_341 stl_08 stl_690">soft-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6em;top:13.4899em;"><span class="stl_341 stl_08 stl_335" style="word-spacing:-0.0497em;">assets in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.4475em;top:14.2399em;"><span class="stl_341 stl_08 stl_328">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.4388em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6788em;top:14.2399em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7863em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">ware  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5413em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1232em;top:14.2399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.7912em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:17.2318em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.155em;top:17.2318em;"><span class="stl_26 stl_13 stl_366">732  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2075em;top:17.2318em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.6557em;top:17.2318em;"><span class="stl_26 stl_13 stl_426">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2807em;top:17.2318em;"><span class="stl_26 stl_13 stl_355">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2369em;top:17.2318em;"><span class="stl_26 stl_13 stl_363">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0094em;top:17.2318em;"><span class="stl_26 stl_13 stl_386">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.1531em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.9031em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3775em;top:18.9031em;"><span class="stl_26 stl_13 stl_388">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0638em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0794em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.15em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1657em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8019em;top:18.9031em;"><span class="stl_26 stl_13 stl_388">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.8243em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0469em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0625em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0782em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6444em;top:19.8243em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2819em;top:19.8243em;"><span class="stl_26 stl_13 stl_365">242  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5625em;top:19.8243em;"><span class="stl_26 stl_13 stl_418">255  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.7456em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0469em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0625em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.7469em;top:20.7456em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.7888em;top:20.7456em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1644em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.09em;top:20.7456em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:21.6668em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.19em;top:21.6668em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0144em;top:21.6668em;"><span class="stl_26 stl_13 stl_293">-212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.1663em;top:21.6668em;"><span class="stl_26 stl_13 stl_352">233  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6em;top:21.6668em;"><span class="stl_26 stl_13 stl_467">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.09em;top:21.6668em;"><span class="stl_26 stl_13 stl_45">-281  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4719em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:22.5806em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.0182em;top:22.5806em;"><span class="stl_341 stl_08 stl_418">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0532em;top:22.5806em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.4619em;top:22.5806em;"><span class="stl_341 stl_08 stl_16">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1407em;top:22.5806em;"><span class="stl_341 stl_08 stl_354">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.11em;top:22.5806em;"><span class="stl_341 stl_08 stl_368">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9113em;top:22.5806em;"><span class="stl_341 stl_08 stl_948">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:24.0212em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0432em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:24.7712em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">impairment losses at 1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9894em;top:25.5212em;"><span class="stl_26 stl_13 stl_978">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0619em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.9638em;top:25.5212em;"><span class="stl_26 stl_13 stl_352">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1213em;top:25.5212em;"><span class="stl_26 stl_13 stl_979">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1644em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3338em;top:25.5212em;"><span class="stl_26 stl_13 stl_112">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:26.4424em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:27.1924em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.545em;top:27.1924em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0619em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0775em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.1482em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1638em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.97em;top:27.1924em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:28.1137em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0457em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0613em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9082em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.9788em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1632em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3013em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:29.0349em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Impairment losses for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:29.7849em;"><span class="stl_26 stl_13 stl_496">year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0444em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.06em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.7157em;top:29.7849em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.4807em;top:29.7849em;"><span class="stl_26 stl_13 stl_801">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1625em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7982em;top:29.7849em;"><span class="stl_26 stl_13 stl_72">-18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:30.7062em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.2994em;top:30.7062em;"><span class="stl_26 stl_13 stl_98">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0607em;top:30.7062em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.0432em;top:30.7062em;"><span class="stl_26 stl_13 stl_981">-107  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.3907em;top:30.7062em;"><span class="stl_26 stl_13 stl_29">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1625em;top:30.7062em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4157em;top:30.7062em;"><span class="stl_26 stl_13 stl_948">-184  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:31.6199em;"><span class="stl_341 stl_08 stl_516" style="word-spacing:-0.0474em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:32.3699em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0387em;">impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:33.1199em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.8094em;top:33.1199em;"><span class="stl_341 stl_08 stl_357">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0507em;top:33.1199em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.8019em;top:33.1199em;"><span class="stl_341 stl_08 stl_109">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9763em;top:33.1199em;"><span class="stl_341 stl_08 stl_983">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1532em;top:33.1199em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.7332em;top:33.1199em;"><span class="stl_341 stl_08 stl_984">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:34.0412em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0468em;">Carrying amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:34.7912em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9925em;top:34.7912em;"><span class="stl_341 stl_08 stl_109">643  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.05em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.0432em;top:34.7912em;"><span class="stl_341 stl_08 stl_98">888  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.5394em;top:34.7912em;"><span class="stl_341 stl_08 stl_300">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1069em;top:34.7912em;"><span class="stl_341 stl_08 stl_368">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8038em;top:34.7912em;"><span class="stl_341 stl_08 stl_465">2,046  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0819em;top:10.4899em;"><span class="stl_341 stl_08 stl_327">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0751em;top:10.4899em;"><span class="stl_341 stl_08 stl_261">Devel-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.3813em;top:11.2399em;"><span class="stl_341 stl_08 stl_635">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.6295em;top:11.2399em;"><span class="stl_341 stl_08 stl_579">opment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0382em;top:11.9899em;"><span class="stl_341 stl_08 stl_54">nologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.2226em;top:11.9899em;"><span class="stl_341 stl_08 stl_505">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4901em;top:11.9899em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.3107em;top:12.7399em;"><span class="stl_341 stl_08 stl_439">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9982em;top:12.7399em;"><span class="stl_341 stl_08 stl_51" style="word-spacing:-0.0368em;">incl. IT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.0463em;top:12.7399em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.043em;">and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0763em;top:13.4899em;"><span class="stl_341 stl_08 stl_80" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.504em;top:13.4899em;"><span class="stl_341 stl_08 stl_579" style="word-spacing:-0.0355em;">nologies in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6232em;top:13.4899em;"><span class="stl_341 stl_08 stl_674">soft-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3245em;top:13.4899em;"><span class="stl_341 stl_08 stl_335" style="word-spacing:-0.0497em;">assets in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.172em;top:14.2399em;"><span class="stl_341 stl_08 stl_14">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5107em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">ware  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.2657em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8476em;top:14.2399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:15.7912em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.2318em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8788em;top:17.2318em;"><span class="stl_26 stl_13 stl_110">592  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.9045em;top:17.2318em;"><span class="stl_26 stl_13 stl_387">324  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.9357em;top:17.2318em;"><span class="stl_26 stl_13 stl_838">762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.9901em;top:17.2318em;"><span class="stl_26 stl_13 stl_45">186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9976em;top:17.2318em;"><span class="stl_26 stl_13 stl_366">581  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7226em;top:17.2318em;"><span class="stl_26 stl_13 stl_29">2,445  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.1531em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.9031em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2432em;top:18.9031em;"><span class="stl_26 stl_13 stl_354">28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7882em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8038em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8745em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.7213em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6595em;top:18.9031em;"><span class="stl_26 stl_13 stl_31">29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.8243em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7719em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7876em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8032em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7051em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9844em;top:19.8243em;"><span class="stl_26 stl_13 stl_292">407  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3526em;top:19.8243em;"><span class="stl_26 stl_13 stl_361">415  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:20.7456em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7713em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7869em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.4051em;top:20.7456em;"><span class="stl_26 stl_13 stl_396">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8738em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8894em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7988em;top:20.7456em;"><span class="stl_26 stl_13 stl_396">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:21.6668em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.9557em;top:21.6668em;"><span class="stl_26 stl_13 stl_787">112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.8088em;top:21.6668em;"><span class="stl_26 stl_13 stl_869">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8951em;top:21.6668em;"><span class="stl_26 stl_13 stl_130">502  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7044em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7588em;top:21.6668em;"><span class="stl_26 stl_13 stl_466">-506  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1957em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.5806em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7488em;top:22.5806em;"><span class="stl_341 stl_08 stl_255">732  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7988em;top:22.5806em;"><span class="stl_341 stl_08 stl_33">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.1782em;top:22.5806em;"><span class="stl_341 stl_08 stl_104">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.8832em;top:22.5806em;"><span class="stl_341 stl_08 stl_399">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.8488em;top:22.5806em;"><span class="stl_341 stl_08 stl_86">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5357em;top:22.5806em;"><span class="stl_341 stl_08 stl_466">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:24.0212em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0432em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:24.7712em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">impairment losses at 1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7188em;top:25.5212em;"><span class="stl_26 stl_13 stl_358">-185  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7863em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.7113em;top:25.5212em;"><span class="stl_26 stl_13 stl_179">-367  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.8819em;top:25.5212em;"><span class="stl_26 stl_13 stl_980">-110  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8882em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0563em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">-662  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:26.4424em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:27.1924em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0407em;top:27.1924em;"><span class="stl_26 stl_13 stl_218">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7857em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8013em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.5407em;top:27.1924em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8876em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4676em;top:27.1924em;"><span class="stl_26 stl_13 stl_177">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4457em;top:28.1137em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7688em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7844em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.6313em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8707em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8863em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0244em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4444em;top:29.0349em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0332em;">Remeasured provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4444em;top:29.7849em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">against asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7676em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7832em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.7988em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.2238em;top:29.7849em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8851em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5463em;top:29.7849em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:30.7062em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Impairment losses for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:31.4562em;"><span class="stl_26 stl_13 stl_496">year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7663em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7819em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0382em;top:31.4562em;"><span class="stl_26 stl_13 stl_359">-53  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8688em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8844em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4319em;top:31.4562em;"><span class="stl_26 stl_13 stl_359">-53  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:32.3774em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.9807em;top:32.3774em;"><span class="stl_26 stl_13 stl_982">-44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7819em;top:32.3774em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0263em;top:32.3774em;"><span class="stl_26 stl_13 stl_225">-80  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.1426em;top:32.3774em;"><span class="stl_26 stl_13 stl_184">-20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8844em;top:32.3774em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1369em;top:32.3774em;"><span class="stl_26 stl_13 stl_399">-144  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:33.2912em;"><span class="stl_341 stl_08 stl_516" style="word-spacing:-0.0474em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:34.0412em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0387em;">impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:34.7912em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.5544em;top:34.7912em;"><span class="stl_341 stl_08 stl_245">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7732em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.5463em;top:34.7912em;"><span class="stl_341 stl_08 stl_401">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6969em;top:34.7912em;"><span class="stl_341 stl_08 stl_880">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8751em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9394em;top:34.7912em;"><span class="stl_341 stl_08 stl_248">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4419em;top:35.7124em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0468em;">Carrying amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4419em;top:36.4624em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7444em;top:36.4624em;"><span class="stl_341 stl_08 stl_104">481  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7938em;top:36.4624em;"><span class="stl_341 stl_08 stl_33">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.7932em;top:36.4624em;"><span class="stl_341 stl_08 stl_460">764  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.2494em;top:36.4624em;"><span class="stl_341 stl_08 stl_362">56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.8432em;top:36.4624em;"><span class="stl_341 stl_08 stl_86">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6076em;top:36.4624em;"><span class="stl_341 stl_08 stl_39">1,996  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5312em;"><span class="stl_341 stl_08 stl_50" style="word-spacing:-0.0412em;">! Material accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2843em;"><span class="stl_578 stl_94 stl_267" style="word-spacing:-0.0415em;">Impairment testing of acquired technologies recognised in connection with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">The Management performs an annual assessment of whether internal or external indications of impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">ment of the identified intangible assets exist. If there is any indication of impairment, an impairment test is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_598" style="word-spacing:-0.0451em;">carried out.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">In an impairment test, significant estimates and assessments are made of future events, which may have a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">significant impact on the Group’s operating profit (EBIT) and financial position if the planned events devi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">ate from the Management’s best estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">The combined recoverable amount of each tested technology classified as acquired technology, or a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">development project, is determined on the basis of its value-in-use, calculated using certain key assump-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">tions per technology, i.e., revenue growth, royalty rate and discount rate. The value-in-use cash flow  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">projections for the individual endoscope technologies pertaining to 'colonoscopy', 'gastroscopy' and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">'duodenoscopy' are based on the Company's five-year business plan and a growth rate to extrapolate the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">revenue in the remaining useful lifetime of the technology. The valuation model applied for determining  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">the recoverable amounts is the relief-from-royalty model, assuming a pre-tax discount rate of 12.8% p.a.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_26 stl_13 stl_157" style="word-spacing:-0.025em;">(10.0% p.a. net of tax), except for 'colonoscopy', which is based on a pre-tax discount rate of 15.4% p.a.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_26 stl_13 stl_307" style="word-spacing:-0.0115em;">(12.0% p.a. net of tax).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5387em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0312em;">The impairment test made on ‘colonoscopy’, ‘gastroscopy’ and ‘duodenoscopy’ did not result in indication  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">of impairment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0315em;">As of 30 September 2023, the recoverable amount for ‘duodenoscopy’ of DKK 540m (DKK 435m) exceeds  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.5387em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">the carrying amount by DKK </span><span class="stl_26 stl_13 stl_57">1</span><span class="stl_26 stl_13 stl_223" style="word-spacing:-0.0276em;">16m (DKK 19m), which has reduced the sensitivity, compared to the analy-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.2887em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0335em;">ses carried out last year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.7887em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">If a discount rate of 12.0% p.a. net of tax had been applied, instead of 10.0%, the carrying amount would  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.5387em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">no longer exceed the recoverable amount, whereas last year, the carrying amount exceeded the recov-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.2887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">erable amount by DKK 36m. Furthermore, if a 20% royalty rate had been applied throughout the period,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.0387em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0337em;">instead of 25%, the carrying amount would level with the recoverable amount, whereas, last year, the car-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.7887em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">rying amount exceeded the recoverable amount by DKK 82m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">The development is mainly impacted by an increased penetration of the addressable market, as well as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.0387em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Management’s new strategy of applying a focussed approach to lead and drive the market creation.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5487em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.3018em;"><span class="stl_578 stl_94 stl_328" style="word-spacing:-0.0424em;">Acquired technologies, trademarks and customer relationships  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">Technologies, trademarks and customer relationships, as well as technologies in progress acquired in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.8062em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">connection with business combinations, are recognised at fair value at the time of acquisition in connec-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0345em;">tion with a business combination. Subsequently, the assets are measured, deducted by accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.3062em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">amorisation and impairment losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.8062em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0381em;">Acquired technologies, trademarks and customer relations primarily comprise identified technolo-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.5562em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">gies. The individual assets are systematically amortised according to the straight-line method over the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.3062em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">expected useful lifetime of the assets, from the time the Management finds that the technology is fit for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0562em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0328em;">use. The expected useful lifetime is 5-15 years.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5518em;"><span class="stl_578 stl_94 stl_304" style="word-spacing:-0.0421em;">Development projects,</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.837em;top:19.5518em;"><span class="stl_578 stl_94 stl_332" style="word-spacing:-0.0487em;">rights and Other incl. IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.3062em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">Development projects that are clearly defined and identifiable, and where the technical utilisation degree,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0562em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">sufficient resources and a potential future market or scope for use in the Group can be proven, and where  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.8062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">the Group intends to produce, market or use the project, are recognised as intangible assets where the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.5562em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">cost of the project can be calculated reliably, and there is sufficient certainty that the future earnings or  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.3062em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">the net selling price can cover the production costs, selling and distribution costs, as well as manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.0562em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">ment and administrative expenses. Other development costs are recognised in the income statement as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.8062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">incurred. Recognised development costs are measured at cost, deducted by accumulated amortisation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.5562em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">and impairment losses. Cost comprises salaries and other external expenses, e.g., consultancy fees and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.3062em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">travel expenses, which are directly attributable to the Group’s development activities.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.8062em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">Upon completion of the development activity, development projects are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.5562em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">straight-line method, encompassing the estimated useful life, starting from the time when the asset is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.3062em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">ready for use. The basis of amortisation is reduced by impairment losses, if any. The useful life of the asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.0562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">may subsequently be changed if Management believes that the original assumptions, on which the useful  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.8062em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">life and any residual value are based have changed significantly. Rights in the form of distribution rights  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.5562em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">and licences, etc., are measured at cost, deducted by accumulated amortisation and impairment losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.3062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">Rights are amortised according to the straight-line method over the shorter of the remaining term of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.0562em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">agreement and the useful lives of the assets. Development projects and rights are amortised according to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.8062em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0399em;">the straight-line method over the expected useful lives of the assets. The expected useful lifetime of com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.5562em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">pleted development projects is 5-10 years, 5-20 years for rights and 3-5 years for IT software/-projects.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.0518em;"><span class="stl_578 stl_94 stl_491" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.8062em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">Development projects in progress, either acquired or internally generated, are tested for impairment on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.5562em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">an annual basis. For completed development projects, it is continuously assessed whether there is any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:38.3062em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">indication of impairment. If Management finds that there is an indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:39.0562em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0409em;">test is carried out, comparing the estimated future net cash flows with the carrying amount of the asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_259 stl_08 stl_58" style="word-spacing:-0.03em;">3.3 Property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4313em;top:10.4899em;"><span class="stl_341 stl_08 stl_498">Property,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.6088em;top:11.2399em;"><span class="stl_341 stl_08 stl_338">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4332em;top:11.2399em;"><span class="stl_341 stl_08 stl_466" style="word-spacing:-0.0367em;">plant and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.8282em;top:11.9899em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.0444em;">Land and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.7357em;top:11.9899em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Plant and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.627em;top:11.9899em;"><span class="stl_341 stl_08 stl_475" style="word-spacing:-0.0531em;">fixtures and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.955em;top:11.9899em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.7175em;top:12.7399em;"><span class="stl_341 stl_08 stl_55" style="word-spacing:0.7641em;">buildings machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.9944em;top:12.7399em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.8432em;top:12.7399em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1225em;top:12.7399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2912em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.2199em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.62em;top:15.2199em;"><span class="stl_26 stl_13 stl_103">301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.6175em;top:15.2199em;"><span class="stl_26 stl_13 stl_58">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.3519em;top:15.2199em;"><span class="stl_26 stl_13 stl_142">222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.34em;top:15.2199em;"><span class="stl_26 stl_13 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1019em;top:15.2199em;"><span class="stl_26 stl_13 stl_374">1,217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:16.1412em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.7919em;top:16.1412em;"><span class="stl_26 stl_13 stl_177">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.755em;top:16.1412em;"><span class="stl_26 stl_13 stl_985">-46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6132em;top:16.1412em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8382em;top:16.1412em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6994em;top:16.1412em;"><span class="stl_26 stl_13 stl_986">-83  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:17.0624em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5182em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.365em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0894em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6744em;top:17.0624em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.955em;top:17.0624em;"><span class="stl_26 stl_13 stl_605">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:17.9837em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5175em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.1425em;top:17.9837em;"><span class="stl_26 stl_13 stl_346">-8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8925em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2182em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8132em;top:17.9837em;"><span class="stl_26 stl_13 stl_847">-17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:18.9049em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3482em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0063em;top:18.9049em;"><span class="stl_26 stl_13 stl_387">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.755em;top:18.9049em;"><span class="stl_26 stl_13 stl_394">76  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1738em;top:18.9049em;"><span class="stl_26 stl_13 stl_892">-134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4694em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:19.8187em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5019em;top:19.8187em;"><span class="stl_341 stl_08 stl_38">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.5125em;top:19.8187em;"><span class="stl_341 stl_08 stl_270">537  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2244em;top:19.8187em;"><span class="stl_341 stl_08 stl_98">285  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6057em;top:19.8187em;"><span class="stl_341 stl_08 stl_570">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9344em;top:19.8187em;"><span class="stl_341 stl_08 stl_781">1,188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:21.2593em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:22.0093em;"><span class="stl_26 stl_13 stl_417" style="word-spacing:-0.044em;">losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.4594em;top:22.0093em;"><span class="stl_26 stl_13 stl_450">-108  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.405em;top:22.0093em;"><span class="stl_26 stl_13 stl_35">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2857em;top:22.0093em;"><span class="stl_26 stl_13 stl_987">-117  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2175em;top:22.0093em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3357em;top:22.0093em;"><span class="stl_26 stl_13 stl_344">-585  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:22.9305em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3475em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.9882em;top:22.9305em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0875em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2169em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9132em;top:22.9305em;"><span class="stl_26 stl_13 stl_79">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:23.8518em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5163em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.3632em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0875em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2169em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9606em;top:23.8518em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:24.773em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Impairment losses for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5157em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.5313em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2557em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2163em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4681em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7194em;top:25.6943em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8694em;top:25.6943em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.7944em;top:25.6943em;"><span class="stl_26 stl_13 stl_95">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5263em;top:25.6943em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2156em;top:25.6943em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7538em;top:25.6943em;"><span class="stl_26 stl_13 stl_39">-77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7188em;top:26.608em;"><span class="stl_341 stl_08 stl_305" style="word-spacing:-0.0383em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7188em;top:27.358em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0413em;">losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3944em;top:27.358em;"><span class="stl_341 stl_08 stl_988">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2732em;top:27.358em;"><span class="stl_341 stl_08 stl_466">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0857em;top:27.358em;"><span class="stl_341 stl_08 stl_881">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2063em;top:27.358em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1932em;top:27.358em;"><span class="stl_341 stl_08 stl_109">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7181em;top:28.2793em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Carrying amount at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7181em;top:29.0293em;"><span class="stl_341 stl_08 stl_345" style="word-spacing:-0.0398em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5506em;top:29.0293em;"><span class="stl_341 stl_08 stl_393">175  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.555em;top:29.0293em;"><span class="stl_341 stl_08 stl_759">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.25em;top:29.0293em;"><span class="stl_341 stl_08 stl_381">153  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6031em;top:29.0293em;"><span class="stl_341 stl_08 stl_570">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.435em;top:29.0293em;"><span class="stl_341 stl_08 stl_137">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.1557em;top:10.4899em;"><span class="stl_341 stl_08 stl_48">Property,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.3332em;top:11.2399em;"><span class="stl_341 stl_08 stl_505">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.1576em;top:11.2399em;"><span class="stl_341 stl_08 stl_466" style="word-spacing:-0.0367em;">plant and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.5526em;top:11.9899em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.0444em;">Land and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.4601em;top:11.9899em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Plant and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.348em;top:11.9899em;"><span class="stl_341 stl_08 stl_475" style="word-spacing:-0.0531em;">fixtures and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6795em;top:11.9899em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.442em;top:12.7399em;"><span class="stl_341 stl_08 stl_55" style="word-spacing:0.7641em;">buildings machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.7188em;top:12.7399em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.5676em;top:12.7399em;"><span class="stl_341 stl_08 stl_328" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.847em;top:12.7399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2912em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.2199em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.3395em;top:15.2199em;"><span class="stl_26 stl_13 stl_292">266  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.4151em;top:15.2199em;"><span class="stl_26 stl_13 stl_393">474  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.1057em;top:15.2199em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0444em;top:15.2199em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7545em;top:15.2199em;"><span class="stl_26 stl_13 stl_303">1,008  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.1412em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7069em;top:16.1412em;"><span class="stl_26 stl_13 stl_31">29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7101em;top:16.1412em;"><span class="stl_26 stl_13 stl_109">46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4907em;top:16.1412em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4219em;top:16.1412em;"><span class="stl_26 stl_13 stl_380">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3788em;top:16.1412em;"><span class="stl_26 stl_13 stl_85">113  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0624em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0757em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.0913em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4657em;top:17.0624em;"><span class="stl_26 stl_13 stl_33">31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0438em;top:17.0624em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3194em;top:17.0624em;"><span class="stl_26 stl_13 stl_84">138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9837em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.8638em;top:17.9837em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5319em;top:17.9837em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.3088em;top:17.9837em;"><span class="stl_26 stl_13 stl_393">-10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4394em;top:17.9837em;"><span class="stl_26 stl_13 stl_490">-42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.9049em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0757em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7307em;top:18.9049em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4807em;top:18.9049em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1688em;top:18.9049em;"><span class="stl_26 stl_13 stl_938">-65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1963em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:19.8187em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2207em;top:19.8187em;"><span class="stl_341 stl_08 stl_95">301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2238em;top:19.8187em;"><span class="stl_341 stl_08 stl_111">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.9544em;top:19.8187em;"><span class="stl_341 stl_08 stl_352">222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9451em;top:19.8187em;"><span class="stl_341 stl_08 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6251em;top:19.8187em;"><span class="stl_341 stl_08 stl_428">1,217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:21.2593em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.0093em;"><span class="stl_26 stl_13 stl_417" style="word-spacing:-0.044em;">losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.4719em;top:22.0093em;"><span class="stl_26 stl_13 stl_839">-85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.1826em;top:22.0093em;"><span class="stl_26 stl_13 stl_620">-310  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.2444em;top:22.0093em;"><span class="stl_26 stl_13 stl_130">-92  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:22.0093em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0588em;top:22.0093em;"><span class="stl_26 stl_13 stl_417">-487  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.9305em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5969em;top:22.9305em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5294em;top:22.9305em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.3194em;top:22.9305em;"><span class="stl_26 stl_13 stl_392">-12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4519em;top:22.9305em;"><span class="stl_26 stl_13 stl_18">-52  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:23.8518em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0744em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7301em;top:23.8518em;"><span class="stl_26 stl_13 stl_354">28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.8151em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9444em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6544em;top:23.8518em;"><span class="stl_26 stl_13 stl_36">38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:24.773em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Impairment losses for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2432em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.9113em;top:24.773em;"><span class="stl_26 stl_13 stl_390">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9832em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8482em;top:24.773em;"><span class="stl_26 stl_13 stl_390">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:25.6943em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5757em;top:25.6943em;"><span class="stl_26 stl_13 stl_879">-13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5001em;top:25.6943em;"><span class="stl_26 stl_13 stl_490">-42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.2532em;top:25.6943em;"><span class="stl_26 stl_13 stl_218">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9432em;top:25.6943em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4813em;top:25.6943em;"><span class="stl_26 stl_13 stl_39">-77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:26.608em;"><span class="stl_341 stl_08 stl_305" style="word-spacing:-0.0383em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:27.358em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0413em;">losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0619em;top:27.358em;"><span class="stl_341 stl_08 stl_989">-108  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.0007em;top:27.358em;"><span class="stl_341 stl_08 stl_466">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8751em;top:27.358em;"><span class="stl_341 stl_08 stl_990">-117  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9338em;top:27.358em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9363em;top:27.358em;"><span class="stl_341 stl_08 stl_97">-585  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:28.2793em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Carrying amount at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:29.0293em;"><span class="stl_341 stl_08 stl_345" style="word-spacing:-0.0398em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2438em;top:29.0293em;"><span class="stl_341 stl_08 stl_44">193  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2857em;top:29.0293em;"><span class="stl_341 stl_08 stl_455">178  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.9732em;top:29.0293em;"><span class="stl_341 stl_08 stl_209">105  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9451em;top:29.0293em;"><span class="stl_341 stl_08 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1595em;top:29.0293em;"><span class="stl_341 stl_08 stl_58">632  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5312em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Land and buildings, plant and machinery and other plant, fixtures and fittings, tools and equipment are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">measured at cost, deducted by accumulated depreciation and impairment losses. Cost comprises the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">acquisition price and any costs directly attributable to the acquisition until the date when the asset is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">ready for use. The cost of a total asset is divided into separate elements, which are depreciated individu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">ally when the useful lives of the individual elements differ.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">The basis of depreciation is calculated in consideration of the residual value of the asset and is reduced  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0331em;">by impairment losses, if any. The residual value is fixed at the date of acquisition and is subject to annual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">review. When the residual value exceeds the carrying amount of the asset, depreciation will no longer take  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">place. In connection with changes in the depreciation period or the residual value, the effect of deprecia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">tion is recognised in future as a change in the accounting estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">The carrying amount of property, plant and equipment is assessed on an annual basis to establish  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">whether there is any indication of impairment. When such indication exists, an impairment test is per-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">formed. An impairment loss is recognised when the carrying amount of an asset exceeds the recoverable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">amount of the asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Property, plant and equipment are depreciated according to the straight-line method over the expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">useful lives of the assets/components as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_26 stl_13 stl_32">Buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.6369em;top:26.2887em;"><span class="stl_26 stl_13 stl_304" style="word-spacing:-0.0422em;">10-40 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.0387em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">Building installations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.6413em;top:27.0387em;"><span class="stl_26 stl_13 stl_21" style="word-spacing:-0.018em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.1275em;top:27.7887em;"><span class="stl_26 stl_13 stl_161" style="word-spacing:0.0086em;">2-10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.5387em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.041em;">Other fixtures and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3857em;top:28.5387em;"><span class="stl_26 stl_13 stl_77" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.0387em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">Land is not depreciated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.5387em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Depreciation is recognised in the income statement under production costs, selling and distribution  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.2887em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">costs, development costs or management and administrative expenses, as appropriate. See note 2.4.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:9.2256em;"><span class="stl_259 stl_08 stl_88" style="word-spacing:-0.0337em;">3.4 Leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3032em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0487em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Land and buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0276em;top:12.0487em;"><span class="stl_26 stl_13 stl_58">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2888em;top:12.0487em;"><span class="stl_26 stl_13 stl_208">539  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.9699em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">Other plant, fixtures and fittings, tools and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4013em;top:12.9699em;"><span class="stl_26 stl_13 stl_35">33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6982em;top:12.9699em;"><span class="stl_26 stl_13 stl_484">51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.8837em;"><span class="stl_341 stl_08 stl_77" style="word-spacing:-0.0461em;">Carrying amount of lease assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9482em;top:13.8837em;"><span class="stl_341 stl_08 stl_380">571  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1782em;top:13.8837em;"><span class="stl_341 stl_08 stl_542">590  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.3243em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Additions on lease assets during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3969em;top:15.3243em;"><span class="stl_26 stl_13 stl_467">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2913em;top:15.3243em;"><span class="stl_26 stl_13 stl_31">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0568em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3032em;top:17.0493em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:17.0493em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.6005em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0387em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5293em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Less than 1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4169em;top:19.5293em;"><span class="stl_26 stl_13 stl_62">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6488em;top:19.5293em;"><span class="stl_26 stl_13 stl_467">85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.4505em;"><span class="stl_26 stl_13 stl_49" style="word-spacing:-0.042em;">Between 1 and 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0476em;top:20.4505em;"><span class="stl_26 stl_13 stl_218">227  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2901em;top:20.4505em;"><span class="stl_26 stl_13 stl_130">229  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.3718em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">More than 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1076em;top:21.3718em;"><span class="stl_26 stl_13 stl_619">419  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3269em;top:21.3718em;"><span class="stl_26 stl_13 stl_355">475  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.2855em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Undiscounted lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9263em;top:22.2855em;"><span class="stl_341 stl_08 stl_542">725  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1869em;top:22.2855em;"><span class="stl_341 stl_08 stl_34">789  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.0255em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:24.018em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:24.018em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.5693em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0414em;">Amounts recognised in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.498em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">Expenses related to low value and short-term leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:26.498em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:26.498em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.4193em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">Interest on lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4513em;top:27.4193em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6938em;top:27.4193em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.8449em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.044em;">Depreciation of lease assets per asset class  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.7737em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Land and buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3951em;top:29.7737em;"><span class="stl_26 stl_13 stl_109">46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6488em;top:29.7737em;"><span class="stl_26 stl_13 stl_467">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.6949em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">Other plant, fixtures and fittings, tools and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4438em;top:30.6949em;"><span class="stl_26 stl_13 stl_394">19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6538em;top:30.6949em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.6087em;"><span class="stl_341 stl_08 stl_417" style="word-spacing:-0.0438em;">Depreciation of lease assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3194em;top:31.6087em;"><span class="stl_341 stl_08 stl_49">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5907em;top:31.6087em;"><span class="stl_341 stl_08 stl_300">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:33.0418em;"><span class="stl_341 stl_08 stl_96" style="word-spacing:-0.0433em;">Amounts recognised in the cash flow statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:33.9705em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Total cash outflow for leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4088em;top:33.9705em;"><span class="stl_26 stl_13 stl_371">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6744em;top:33.9705em;"><span class="stl_26 stl_13 stl_382">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4309em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.1884em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Lease assets are ‘right-of-use assets’, which is a contract or part of a contract that conveys the leasee’s  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9384em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">right to use an asset for a period of time. At the commencement date, the Group recognises a lease liabil-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.6884em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">ity and a corresponding right-of-use asset at the same amount. A right-of-use asset is initially measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4384em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">at cost, which equals the initial lease liability and initial direct costs, deducted by any lease incentives  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.1884em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">received. The Group has applied the practical expedient option allowed under IFRS, by using a portfolio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.9384em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">approach for the recognition of lease contracts related to assets of the same nature and with similar lease  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.6884em;"><span class="stl_26 stl_13 stl_55">terms.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.1884em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">The right-of-use asset is depreciated over the earlier of the lease term or the useful life of the asset. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.9384em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">impairment testing of right-of-use assets follows the same principles as those applied for property, plant  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.6884em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">and equipment, cf. note 3.3. The cost price is adjusted for remeasurement of the lease liability. The Group  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.4384em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">has chosen to not recognise right-of-use assets and liabilities for leases with a term of 12 months or less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.1884em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">and leases of low-value assets. Lease payments related to such leases are recognised in the income state-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.9384em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">ment as an expense on a straight-line basis over the lease term.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:9.2258em;"><span class="stl_259 stl_08 stl_147" style="word-spacing:-0.0245em;">3.5 Inventories  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3032em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0487em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.032em;">Raw materials and consumables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0144em;top:12.0487em;"><span class="stl_26 stl_13 stl_479">430  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2832em;top:12.0487em;"><span class="stl_26 stl_13 stl_98">449  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.9699em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">Finished goods  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0632em;top:12.9699em;"><span class="stl_26 stl_13 stl_39">477  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3001em;top:12.9699em;"><span class="stl_26 stl_13 stl_186">773  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9269em;top:13.8837em;"><span class="stl_341 stl_08 stl_103">907  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5713em;top:13.8837em;"><span class="stl_341 stl_08 stl_95">1,222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.3243em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">The above includes write-downs amounting to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1838em;top:15.3243em;"><span class="stl_26 stl_13 stl_364">-54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4838em;top:15.3243em;"><span class="stl_26 stl_13 stl_868">-24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0568em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:17.0493em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:17.0493em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.608em;"><span class="stl_26 stl_13 stl_439" style="word-spacing:-0.0467em;">Direct production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5426em;top:18.608em;"><span class="stl_26 stl_13 stl_62">1,541  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7969em;top:18.608em;"><span class="stl_26 stl_13 stl_903">1,467  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5293em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">Unallocated indirect production costs incl. inbound freight  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0288em;top:19.5293em;"><span class="stl_26 stl_13 stl_158">489  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3138em;top:19.5293em;"><span class="stl_26 stl_13 stl_365">379  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.4505em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0401em;">Freight costs on transportation between Ambu's warehouses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0638em;top:20.4505em;"><span class="stl_26 stl_13 stl_44">134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3369em;top:20.4505em;"><span class="stl_26 stl_13 stl_780">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.3643em;"><span class="stl_341 stl_08 stl_304" style="word-spacing:-0.0421em;">Cost of sales for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3713em;top:21.3643em;z-index:1733;"><span class="stl_341 stl_08 stl_109">2</span><span class="stl_341 stl_08 stl_321">,</span><span class="stl_341 stl_08 stl_381">164  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5469em;top:21.3643em;"><span class="stl_341 stl_08 stl_223">2,023  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.8049em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">Cost of sales for the year is incurred under the following functions:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.238em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4951em;top:24.238em;"><span class="stl_26 stl_13 stl_169">2,030  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7513em;top:24.238em;"><span class="stl_26 stl_13 stl_21">1,846  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.1593em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0638em;top:25.1593em;"><span class="stl_26 stl_13 stl_44">134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3369em;top:25.1593em;"><span class="stl_26 stl_13 stl_780">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.073em;"><span class="stl_341 stl_08 stl_304" style="word-spacing:-0.0421em;">Cost of sales for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3713em;top:26.073em;z-index:1906;"><span class="stl_341 stl_08 stl_109">2</span><span class="stl_341 stl_08 stl_321">,</span><span class="stl_341 stl_08 stl_381">164  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5469em;top:26.073em;"><span class="stl_341 stl_08 stl_223">2,023  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.5424em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.2999em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0339em;">Inventories are measured at the lower of cost calculated according to the FIFO principle and net realisa-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.0499em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">ble value. The net realisable value is calculated as the selling price, deducted by costs of completion and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.7999em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">costs necessary to make the sale. The cost of goods for resale, as well as raw materials and consumables,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.5499em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0397em;">comprises the acquisition price plus delivery costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.0499em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">The cost of manufactured goods comprises the cost of raw materials, consumables, direct labour costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.7999em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">and production overheads, in the form of logistics and planning costs, production management, as well  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.5499em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">as expenses for production facilities and equipment, etc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_259 stl_08 stl_67" style="word-spacing:-0.0235em;">3.6 Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.6438em;top:10.4899em;"><span class="stl_341 stl_08 stl_68">Due  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8957em;top:10.4899em;"><span class="stl_341 stl_08 stl_68">Due  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1475em;top:10.4899em;"><span class="stl_341 stl_08 stl_68">Due  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.4982em;top:11.2399em;"><span class="stl_341 stl_08 stl_38">1-90  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9957em;top:11.2399em;"><span class="stl_341 stl_08 stl_428">91-180  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6425em;top:11.2399em;"><span class="stl_341 stl_08 stl_383" style="word-spacing:0.019em;">&gt; 180  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1844em;top:11.9899em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.04em;">Not due  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.4413em;top:11.9899em;"><span class="stl_341 stl_08 stl_111">days  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6932em;top:11.9899em;"><span class="stl_341 stl_08 stl_111">days  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.945em;top:11.9899em;"><span class="stl_341 stl_08 stl_111">days  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1225em;top:11.9899em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5412em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.4699em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">Trade receivables, amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5457em;top:14.4699em;"><span class="stl_26 stl_13 stl_32">580  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.8319em;top:14.4699em;"><span class="stl_26 stl_13 stl_45">163  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4338em;top:14.4699em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6932em;top:14.4699em;"><span class="stl_26 stl_13 stl_62">27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5719em;top:14.4699em;"><span class="stl_26 stl_13 stl_464">793  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.3912em;"><span class="stl_26 stl_13 stl_304" style="word-spacing:-0.0422em;">Write-down for expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.1412em;"><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0405em;">credit loss  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.4657em;top:16.1412em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.32em;top:16.1412em;"><span class="stl_26 stl_13 stl_396">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2932em;top:16.1412em;"><span class="stl_26 stl_13 stl_393">-10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5544em;top:16.1412em;"><span class="stl_26 stl_13 stl_879">-13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7538em;top:16.1412em;"><span class="stl_26 stl_13 stl_62">-27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:17.0549em;"><span class="stl_341 stl_08 stl_87" style="word-spacing:-0.0317em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4332em;top:17.0549em;"><span class="stl_341 stl_08 stl_157">580  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.73em;top:17.0549em;"><span class="stl_341 stl_08 stl_385">159  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3788em;top:17.0549em;"><span class="stl_341 stl_08 stl_567">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6338em;top:17.0549em;"><span class="stl_341 stl_08 stl_76">14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.475em;top:17.0549em;"><span class="stl_341 stl_08 stl_798">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.4956em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">Provision for bad debt at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7475em;top:18.4956em;"><span class="stl_26 stl_13 stl_179">-25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:19.4168em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">Bad debt realised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.305em;top:19.4168em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:20.3381em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">Bad debt provision for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.0925em;top:20.3381em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:21.2593em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4738em;top:21.2593em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:22.1806em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0314em;">Provision for bad debt at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:22.9306em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7538em;top:22.9306em;"><span class="stl_26 stl_13 stl_62">-27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.6033em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5321em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">Trade receivables, amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5638em;top:25.5321em;"><span class="stl_26 stl_13 stl_270">607  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.8375em;top:25.5321em;"><span class="stl_26 stl_13 stl_384">130  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4644em;top:25.5321em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6825em;top:25.5321em;"><span class="stl_26 stl_13 stl_142">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.58em;top:25.5321em;"><span class="stl_26 stl_13 stl_34">772  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.4533em;"><span class="stl_26 stl_13 stl_304" style="word-spacing:-0.0422em;">Write-down for expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.2033em;"><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0405em;">credit loss  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.0838em;top:27.2033em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.3194em;top:27.2033em;"><span class="stl_26 stl_13 stl_396">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.5738em;top:27.2033em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5575em;top:27.2033em;"><span class="stl_26 stl_13 stl_392">-12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7469em;top:27.2033em;"><span class="stl_26 stl_13 stl_179">-25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.1171em;"><span class="stl_341 stl_08 stl_87" style="word-spacing:-0.0317em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4263em;top:28.1171em;"><span class="stl_341 stl_08 stl_35">604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7238em;top:28.1171em;"><span class="stl_341 stl_08 stl_382">126  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7613em;top:28.1171em;"><span class="stl_341 stl_08 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6263em;top:28.1171em;"><span class="stl_341 stl_08 stl_390">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4988em;top:28.1171em;"><span class="stl_341 stl_08 stl_759">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.5577em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">Provision for bad debt at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7582em;top:29.5577em;"><span class="stl_26 stl_13 stl_387">-21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.4789em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">Bad debt realised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:30.4789em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.4002em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">Bad debt provision for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.0894em;top:31.4002em;"><span class="stl_26 stl_13 stl_368">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.3214em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:32.3214em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.2427em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0314em;">Provision for bad debt at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.9927em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7469em;top:33.9927em;"><span class="stl_26 stl_13 stl_179">-25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5283em;"><span class="stl_578 stl_94 stl_439" style="word-spacing:-0.0467em;">Credit risks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2827em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">Ambu monitors trade receivables on a daily basis by means of due date reports, changes in payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0327em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0385em;">pattern trends and ordinary follow-up routines to identify any indications that the initial expectations for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7827em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">credit losses on the individual receivables should be adjusted. This risk assessment is targeted at pri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5327em;"><span class="stl_26 stl_13 stl_306" style="word-spacing:-0.0462em;">vate-sector customers.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.0327em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">Public-sector customers are an important part of the Company’s receivables, and it is believed that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7827em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0395em;">no debtor risks are associated with public-sector customers. In addition to a specific assessment for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.5327em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">expected credit losses on private-sector customers, the Management estimates general macro risks on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2827em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">the portfolio of trade receivables. The Group does not use factoring in connection with the collection of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0327em;"><span class="stl_26 stl_13 stl_324">debts.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5252em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2827em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">Trade receivables are measured at amortised cost, deducted by write-down for lifetime expected credit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0327em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">losses. To measure the expected credit losses, trade receivables are grouped according to shared credit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7827em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">risk characteristics and days overdue. Furthermore, an allowance for lifetime credit losses for trade receiv-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.5327em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">ables is recognised on initial recognition.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.6924em;"><span class="stl_259 stl_08 stl_153" style="word-spacing:-0.0256em;">3.7 Change in working capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.964em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:25.9565em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:25.9565em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.5153em;"><span class="stl_26 stl_13 stl_69" style="word-spacing:-0.031em;">Change in inventories  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0544em;top:27.5153em;"><span class="stl_26 stl_13 stl_389">237  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0519em;top:27.5153em;"><span class="stl_26 stl_13 stl_260">-402  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4365em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">Change in receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.2001em;top:28.4365em;"><span class="stl_26 stl_13 stl_98">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5332em;top:28.4365em;"><span class="stl_26 stl_13 stl_441">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.3578em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">Change in trade payables etc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9163em;top:29.3578em;"><span class="stl_26 stl_13 stl_567">-211  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3094em;top:29.3578em;"><span class="stl_26 stl_13 stl_162">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1326em;top:30.2715em;"><span class="stl_341 stl_08 stl_184">-21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0238em;top:30.2715em;"><span class="stl_341 stl_08 stl_912">-134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;z-index:53;"><span class="stl_259 stl_08 stl_467">4</span><span class="stl_259 stl_08 stl_958">.</span><span class="stl_259 stl_08 stl_222" style="word-spacing:-0.0283em;">1 Financial risk management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5387em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">Ambu is exposed to fluctuations in foreign exchange and interest rates. Furthermore, Ambu is exposed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">to liquidity and financing risks. These risks are managed and monitored centrally in the Parent company,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">in accordance with the Finance Policy, approved by the Board of Directors. Ambu does not undertake any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">active speculation in financial risks.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2812em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.039em;">Market risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">As described above, the Group is exposed to changes in foreign exchange and interest rate risks. Addi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">tionally, the Group is exposed to changing in raw materials prices and freight rates. Ambu's Global Pro-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0357em;">curement and Global Supply Chain functions, respectively, monitor these risks and work to mitigate them  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">to an acceptable level. The Management assesses these risks to be manageable, as they represent a small  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0375em;">value of the total cost, despite substantial volatility in recent years.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5312em;"><span class="stl_341 stl_08 stl_117" style="word-spacing:-0.0458em;">Currency risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">The effect of fluctuations in foreign exchange rates on the Group’s financial targets and financial position  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">is monitored on an on-going basis. Prior year's analyses and ongoing quantification of short-term expo-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">sure using reckon statistical models, has indicated an acceptable level of currency risk to Ambu's cash  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">flow and financial targets. On this background, the Group continues to rely on natural hedging, given the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">current mix of transactions at different foreign exchange rates. Please see note 2.5 for further information  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">about foreign currency exposure and the 'Outlook for 2023/24' section in the Management's commentary  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7887em;"><span class="stl_26 stl_13 stl_112">section.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2812em;"><span class="stl_341 stl_08 stl_359" style="word-spacing:-0.0471em;">Interest rate risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.0387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Ambu's policy is to hedge interest rate risk to mitigate fluctuating interest payments. Hedging takes place  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">through interest rate derivatives swapping floating-rate loans into fixed-rate loans. The Group’s credit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.5387em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">facilities carry floating interest rates. The development in interest rates is linked to IBOR/SOFR reference  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.2887em;"><span class="stl_26 stl_13 stl_27">rate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.7887em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">In May 2022, the Company entered into a DKK 250m interest rate swap involving receipt of CIBOR 3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.5387em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">months and payment of a fixed interest rate of 1.24%. The derivative is not considered an accounting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.2887em;z-index:2150;"><span class="stl_26 stl_13 stl_158" style="word-spacing:-0.027em;">hedge in accordance with IFRS 9.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.7812em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Liquidity and financing risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.5387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">Financing and sufficient liquidity are fundamental to Ambu’s continued operation and growth. Liquidity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2887em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">is managed centrally from the Parent company. The objective of the cash management is to ensure that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5562em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">adequate and flexible cash resources are being maintained, thus enabling Ambu to honour its current  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.3062em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">obligations, such as repaying loans and settling other liabilities.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.8018em;"><span class="stl_578 stl_94 stl_59" style="word-spacing:-0.0364em;">Supply chain financing (SCF)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5562em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0315em;">To improve the relationship with our suppliers and minimise the financing cost in the value chain, Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.3062em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">has introduced a SCF program. When participating in this program, the supplier has the option to receive  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.0562em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">early payment from the bank, based on the invoices approved by Ambu through a factoring arrangement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.8062em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0375em;">between the supplier and the bank, where the outstanding invoices are transferred to the bank without  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.5562em;"><span class="stl_26 stl_13 stl_420">recourse.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0562em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Ambu's liability in relation to the SCF programme is the outstanding invoices, which are recognised and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8062em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">presented as a trade payable until paid upon maturity. The trade payables covered by the SCF program  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5562em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">arise in the ordinary course of business from supply of goods and services, and the payment terms of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.3062em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">suppliers that participate in the SCF program are not significantly extended compared to trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0562em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0332em;">not part of the SCF program. At the end of 2022/23, trade payables covered by the program amounted to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.8062em;"><span class="stl_26 stl_13 stl_281" style="word-spacing:-0.0056em;">DKK 44m (DKK 51m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.3018em;"><span class="stl_578 stl_94 stl_319" style="word-spacing:-0.0465em;">Credit facility  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.0562em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">To cover the Group’s liquidity needs, Ambu has committed credit facilities for a total of DKK 1,800m. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.8062em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0339em;">facilities carry floating interest rates in the range of 0.58-2.98%, depending on the Group’s gearing and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.5562em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0328em;">ESG performance. To mitigate the interest rate risk, DKK 250m was hedged in May 2022 through an inter-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.3062em;"><span class="stl_26 stl_13 stl_61" style="word-spacing:-0.0304em;">est rate swap until 2 May 2025 at a fixed interest rate of 1.24%. The credit facilities expires on 28 June 2026  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.0562em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">and are subject to standard financial covenants.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.5562em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">The cash resources, which consist of cash at bank, and committed and uncommitted unutilised credit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.3062em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.03em;">facilities in banks amount to DKK 2.1bn (DKK 0.8bn). Considering committed facilities and cash at bank  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.0562em;"><span class="stl_26 stl_13 stl_146" style="word-spacing:-0.0254em;">only, the cash resource was DKK 2bn (DKK 0.7bn).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.5562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">Cash-pool solutions are applied to a small extent, and intercompany loans have been granted by Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.3062em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0363em;">A/S to a few subsidiaries. The liquidity risk is countered by a consistent focus on budgeted and realised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.0562em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0373em;">cash flow.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5254em;"><span class="stl_341 stl_08 stl_501" style="word-spacing:-0.0425em;">Credit risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2829em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">Ambu is mainly exposed to credit risks in respect of trade receivables. The maximum credit risk corre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0329em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">sponds to the carrying amount. For many years, Ambu has not realised any significant losses on receiva-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7829em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0333em;">bles. Reference is made to note 3.6.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2754em;"><span class="stl_341 stl_08 stl_333" style="word-spacing:-0.0477em;">Counterparty risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0329em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Counterparty risk for cash and financial instruments is mitigated as the Company's primary banks are SIFI  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7829em;"><span class="stl_26 stl_13 stl_498">banks.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2754em;"><span class="stl_341 stl_08 stl_55" style="word-spacing:-0.0408em;">Capital management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0329em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">The primary objective of the Group’s capital management is to ensure the funding of growth of the Group,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7829em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">while maximising the return to the shareholders through the optimisation of the debt and equity balance.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2829em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">For the purpose of the Group’s capital management, capital includes share capital and all other equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0329em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0424em;">reserves attributable to the equity holders of the parent.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5329em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">The Group manages its capital structure and makes adjustments in light of changes in economic con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2829em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">ditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0329em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Group may adjust the dividend payment to shareholders or issue new shares.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:9.2256em;"><span class="stl_259 stl_08 stl_64" style="word-spacing:-0.0352em;">4.2 Financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.2693em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6237em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7555em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0555em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5943em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3093em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0649em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3168em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6531em;top:15.4681em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9312em;top:15.4681em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5237em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3874em;top:15.4681em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6393em;top:15.4681em;"><span class="stl_26 stl_13 stl_79">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3199em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4399em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0756em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3274em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1606em;top:18.0531em;"><span class="stl_341 stl_08 stl_362">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8499em;top:18.0531em;"><span class="stl_341 stl_08 stl_455">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4837em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9537em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2056em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0113em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.0208em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4621em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.714em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.0438em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.9808em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.374em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6258em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:23.3483em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2865em;top:23.3483em;"><span class="stl_26 stl_13 stl_104">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0508em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3027em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:24.2695em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2608em;top:24.2695em;"><span class="stl_26 stl_13 stl_467">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5246em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0452em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2971em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.1833em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.9333em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1521em;top:25.9333em;"><span class="stl_341 stl_08 stl_69">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.934em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1858em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:27.8677em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:28.4512em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0497em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:29.0347em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:29.0347em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:29.6182em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:30.2017em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:30.2017em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.5449em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8993em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0311em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3311em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8699em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.6193em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3749em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6268em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9249em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6805em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9324em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5955em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4543em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7068em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9586em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2099em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4618em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0112em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2964em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.044em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2564em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Credit institutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9652em;top:23.3483em;"><span class="stl_26 stl_13 stl_484">51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2995em;top:23.3483em;"><span class="stl_26 stl_13 stl_182">1,282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9683em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7795em;top:23.3483em;"><span class="stl_26 stl_13 stl_132">1,333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0458em;top:23.3483em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:24.2695em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.532em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7158em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9677em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2877em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5395em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:25.1908em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5802em;top:25.1908em;"><span class="stl_26 stl_13 stl_868">451  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5464em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7983em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3445em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5964em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.1045em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.8545em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.9233em;top:26.8545em;"><span class="stl_341 stl_08 stl_791">1,102  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0902em;top:26.8545em;"><span class="stl_341 stl_08 stl_120">1,290  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7595em;top:26.8545em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5633em;top:26.8545em;"><span class="stl_341 stl_08 stl_251">2,392  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8727em;top:26.8545em;"><span class="stl_341 stl_08 stl_409">2,311  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8275em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:28.789em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:28.789em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:29.3725em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0496em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:29.956em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:29.956em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:30.5395em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:31.123em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:31.123em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4781em;"><span class="stl_341 stl_08 stl_50" style="word-spacing:-0.0412em;">Financial instruments measured at fair value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2356em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">At the end of the financial year, it is assessed whether an instrument has moved between the levels of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9856em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0335em;">the fair value hierarchy. There have been no movements between the various levels this year or the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7356em;"><span class="stl_26 stl_13 stl_37">before.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_341 stl_08 stl_525" style="word-spacing:-0.0418em;">Methods and assumptions for the determination of fair value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9812em;"><span class="stl_578 stl_94 stl_492" style="word-spacing:-0.0444em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7356em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">Derivative financial instruments are recognised at fair value, based on a valuation report, prepared by an  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4856em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0407em;">external party who valuates the instruments based on discounted cash flows, and other inputs based on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2356em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">observable market data.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7312em;"><span class="stl_578 stl_94 stl_50" style="word-spacing:-0.0411em;">Contingent consideration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4856em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">Contingent consideration is recognised at fair value by discounting expected cash flows, based on con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2356em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">tractual conditions and unobservable inputs, such as the expected performance of the acquired assets.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7281em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4856em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Debt to credit institutions, etc., is recognised at the date of borrowing at fair value, corresponding to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2356em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">proceeds received less transaction costs paid. In subsequent periods, the financial liabilities are meas-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9856em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">ured at amortised cost using the ‘effective rate of interest method’, so that the difference between the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7356em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">proceeds and the nominal value is recognised under financial expenses in the income statement for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.4856em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">duration of the loan term.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.9856em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Derivative financial instruments are recognised as from the transaction date and are measured at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7356em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">value in the balance sheet. The fair value of derivative financial instruments is calculated on the basis of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4856em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0339em;">current market data, as well as accepted valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.9856em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">Changes in the fair value of derivative financial instruments are recognised on an ongoing basis in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.7356em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.2356em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">Contingent consideration arising as a result of business combinations, is recognised at fair value at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.9856em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">time of acquisition. The liability is subsequently adjusted to fair value on an ongoing basis.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.4856em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Other liabilities are measured at amortised cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_60" style="word-spacing:-0.0349em;">4.3 Net financials  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">Interest income, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Interest income, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8912em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.03em;">Foreign exchange gains, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:13.8912em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9494em;top:13.8912em;"><span class="stl_26 stl_13 stl_380">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.8124em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">Fair value adjustment, contingent consideration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:14.8124em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6138em;top:14.8124em;"><span class="stl_26 stl_13 stl_882">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.7337em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">Fair value adjustment, interest rate swap  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0532em;top:15.7337em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.96em;top:15.7337em;"><span class="stl_26 stl_13 stl_56">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.6474em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Financial income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0138em;top:16.6474em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4894em;top:16.6474em;"><span class="stl_341 stl_08 stl_867">169  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:18.1243em;"><span class="stl_26 stl_13 stl_198" style="word-spacing:-0.0291em;">In 2021/22, Management remeasured the fair value of the milestone conditionally upon FDA clearance of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:18.8743em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0302em;">the gastroscope by 31 December 2021. Since the FDA clearance was not obtained at this date, Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:19.6243em;"><span class="stl_26 stl_13 stl_148" style="word-spacing:-0.0299em;">ment remeasured the contingent consideration, leading to a financial income of DKK 137m. The deferred  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:20.3743em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">contingent consideration related to the Invendo Medical GmbH acquisition was at 30 September 2022  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:21.1243em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">fully paid or lapsed.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.583em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:22.5755em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:22.5755em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.1343em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Interest expenses, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6919em;top:24.1343em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9694em;top:24.1343em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.0555em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0415em;">Interest expenses, leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7269em;top:25.0555em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9694em;top:25.0555em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.9768em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0417em;">Interest expenses, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:25.9768em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:25.9768em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.898em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.032em;">Foreign exchange loss, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6857em;top:26.898em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:26.898em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.8193em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">Effect of shorter discount period, acquisition of technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:27.8193em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:27.8193em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.733em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0355em;">Financial expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6025em;top:28.733em;"><span class="stl_341 stl_08 stl_21">86  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8513em;top:28.733em;"><span class="stl_341 stl_08 stl_58">34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.2024em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.9599em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.7099em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">currencies and amortisation of financial assets and liabilities, including leases. The timing effect and fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.4599em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">value adjustment of contingent consideration and the purchase price payable are classified under net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.2099em;"><span class="stl_26 stl_13 stl_343">financials.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_259 stl_08 stl_64" style="word-spacing:-0.0353em;">4.4 Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3032em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0487em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7713em;top:12.0487em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.9699em;"><span class="stl_26 stl_13 stl_498">Leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1138em;top:12.9699em;"><span class="stl_26 stl_13 stl_657">512  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3632em;top:12.9699em;"><span class="stl_26 stl_13 stl_763">516  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.8837em;"><span class="stl_341 stl_08 stl_328" style="word-spacing:-0.0423em;">Long-term interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9694em;top:13.8837em;"><span class="stl_341 stl_08 stl_468">512  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6282em;top:13.8837em;"><span class="stl_341 stl_08 stl_941">1,766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.3243em;"><span class="stl_26 stl_13 stl_498">Leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4188em;top:15.3243em;"><span class="stl_26 stl_13 stl_45">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6688em;top:15.3243em;"><span class="stl_26 stl_13 stl_62">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.238em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Short-term interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3351em;top:16.238em;"><span class="stl_341 stl_08 stl_110">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5857em;top:16.238em;"><span class="stl_341 stl_08 stl_570">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.6712em;"><span class="stl_341 stl_08 stl_525" style="word-spacing:-0.0418em;">Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9138em;top:17.6712em;"><span class="stl_341 stl_08 stl_137">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5626em;top:17.6712em;"><span class="stl_341 stl_08 stl_262">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:19.148em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">The table below shows the composition of the Group’s net interest-bearing debt.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.6067em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3032em;top:20.5992em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:20.5992em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.1579em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0363em;">Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0244em;top:22.1579em;"><span class="stl_26 stl_13 stl_60">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7494em;top:22.1579em;"><span class="stl_26 stl_13 stl_263">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.0792em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9144em;top:23.0792em;"><span class="stl_26 stl_13 stl_877">-157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1663em;top:23.0792em;"><span class="stl_26 stl_13 stl_877">-187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9929em;"><span class="stl_341 stl_08 stl_49" style="word-spacing:-0.042em;">Net interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9251em;top:23.9929em;"><span class="stl_341 stl_08 stl_464">427  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5726em;top:23.9929em;"><span class="stl_341 stl_08 stl_253">1,658  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_420" style="word-spacing:-0.0377em;">4.5 Share capital and treasury shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5343em;"><span class="stl_578 stl_94 stl_309" style="word-spacing:-0.0432em;">Share capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_325" style="word-spacing:-0.0283em;">Ambu’s share capital is DKK 135m (DKK 129m), divided into two classes of shares with a nominal share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">value of DKK 0.50. A Class A share carries 10 votes per share, while a Class B share carries one vote per  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">share. There is no difference between the economic rights pertaining to the individual share classes. All  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">shares are paid-up in full.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0343em;"><span class="stl_578 stl_94 stl_439" style="word-spacing:-0.0466em;">Capital raise  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">On 24 March 2023, Ambu concluded its accelerated bookbuild offering to incease the share capital by a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;z-index:613;"><span class="stl_26 stl_13 stl_206" style="word-spacing:-0.0266em;">nominal amount of DKK 5,788,979 through direct issue of </span><span class="stl_26 stl_13 stl_57">1</span><span class="stl_26 stl_13 stl_76">1</span><span class="stl_26 stl_13 stl_225">,</span><span class="stl_26 stl_13 stl_184">57</span><span class="stl_26 stl_13 stl_367">7</span><span class="stl_26 stl_13 stl_156" style="word-spacing:-0.0268em;">,957 Class B shares and sale of 250,000  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">treasury Class B shares, by a nominal amount of DKK 125,000. The sale price was DKK 93 per share and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_198" style="word-spacing:-0.0291em;">DKK 91.10 per share net of total transaction costs of DKK 23m. Total net proceeds raised was DKK 1,054m  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">from increase of share capital and net proceeds raised from sale of treasury shares was DKK 23m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0312em;"><span class="stl_341 stl_08 stl_47" style="word-spacing:-0.0357em;">Development in number of shares:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.4964em;top:22.4899em;"><span class="stl_341 stl_08 stl_107" style="word-spacing:-0.0429em;">Class A shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.3089em;top:22.4899em;"><span class="stl_341 stl_08 stl_107" style="word-spacing:-0.0429em;">Class B shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5632em;top:22.4899em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Number of shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.4476em;top:23.553em;"><span class="stl_341 stl_08 stl_307" style="word-spacing:1.6797em;">2022/23 2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2426em;top:23.553em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.1889em;top:23.553em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0376em;top:23.553em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9839em;top:23.553em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:24.9999em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.04em;">Number of shares in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:25.7499em;"><span class="stl_341 stl_08 stl_531">thousands  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:26.6787em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">Number of shares issued,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:27.4287em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.03em;">beginning of year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.1557em;top:27.4287em;"><span class="stl_26 stl_13 stl_258">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.0532em;top:27.4287em;"><span class="stl_26 stl_13 stl_258">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.5989em;top:27.4287em;"><span class="stl_26 stl_13 stl_132">223,396  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4632em;top:27.4287em;"><span class="stl_26 stl_13 stl_261">223,384  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.532em;top:27.4287em;"><span class="stl_26 stl_13 stl_1005">257,716  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3757em;top:27.4287em;"><span class="stl_26 stl_13 stl_754">257,704  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:28.3499em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">Capital increase, private  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:29.0999em;"><span class="stl_26 stl_13 stl_92">placement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9839em;top:29.0999em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.8814em;top:29.0999em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.0614em;top:29.0999em;"><span class="stl_26 stl_13 stl_43">11</span><span class="stl_26 stl_13 stl_225">,</span><span class="stl_26 stl_13 stl_365">578  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6764em;top:29.0999em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8564em;top:29.0999em;"><span class="stl_26 stl_13 stl_43">11</span><span class="stl_26 stl_13 stl_225">,</span><span class="stl_26 stl_13 stl_365">578  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4714em;top:29.0999em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7226em;top:30.0212em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Capital increase, warrants  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9832em;top:30.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.8807em;top:30.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.7782em;top:30.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1751em;top:30.0212em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5739em;top:30.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9707em;top:30.0212em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:30.9349em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0415em;">Number of shares issued  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:31.6849em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0354em;">at end of year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.9101em;top:31.6849em;"><span class="stl_341 stl_08 stl_64">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.8076em;top:31.6849em;"><span class="stl_341 stl_08 stl_64">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.3732em;top:31.6849em;"><span class="stl_341 stl_08 stl_244">234,974  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2182em;top:31.6849em;"><span class="stl_341 stl_08 stl_128">223,396  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1657em;top:31.6849em;"><span class="stl_341 stl_08 stl_366">269,294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.1457em;top:31.6849em;"><span class="stl_341 stl_08 stl_866">257,716  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:10.8555em;"><span class="stl_341 stl_08 stl_28" style="word-spacing:-0.0402em;">Development in treasury shares:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.0242em;top:12.3148em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Nominal value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.4198em;top:12.3148em;"><span class="stl_341 stl_08 stl_97" style="word-spacing:-0.038em;">In %  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.9511em;top:13.0648em;"><span class="stl_341 stl_08 stl_149" style="word-spacing:-0.0251em;">No. ('000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.0773em;top:13.0648em;"><span class="stl_341 stl_08 stl_118">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.6673em;top:13.0648em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.0444em;">of share capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.1723em;top:14.1279em;"><span class="stl_341 stl_08 stl_307" style="word-spacing:1.6797em;">2022/23 2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.9673em;top:14.1279em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.9136em;top:14.1279em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.7623em;top:14.1279em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7086em;top:14.1279em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4479em;top:15.5748em;"><span class="stl_341 stl_08 stl_477" style="word-spacing:-0.0482em;">Number of treasury  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4479em;top:16.3248em;"><span class="stl_341 stl_08 stl_328" style="word-spacing:-0.0424em;">shares in thousands  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4479em;top:17.2535em;"><span class="stl_26 stl_13 stl_61" style="word-spacing:-0.0303em;">Treasury shares,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4479em;top:18.0035em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.03em;">beginning of year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.2511em;top:18.0035em;"><span class="stl_26 stl_13 stl_158">3,642  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.2004em;top:18.0035em;"><span class="stl_26 stl_13 stl_354">3,977  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.8042em;top:18.0035em;"><span class="stl_26 stl_13 stl_292">2.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.7017em;top:18.0035em;"><span class="stl_26 stl_13 stl_292">2.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0948em;top:18.0035em;"><span class="stl_26 stl_13 stl_803">1.4%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9779em;top:18.0035em;"><span class="stl_26 stl_13 stl_244">1.5%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:18.9248em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Disposals, private place-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:19.6748em;"><span class="stl_26 stl_13 stl_401">ment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.6111em;top:19.6748em;"><span class="stl_26 stl_13 stl_415">-250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.6054em;top:19.6748em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.6204em;top:19.6748em;z-index:1701;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_1003">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4004em;top:19.6748em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9142em;top:19.6748em;z-index:1705;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_441">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1961em;top:19.6748em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:20.596em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Disposals, long-term  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:21.346em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">incentive schemes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.9623em;top:21.346em;"><span class="stl_26 stl_13 stl_98">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.6054em;top:21.346em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.6204em;top:21.346em;z-index:1754;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_1003">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4004em;top:21.346em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9142em;top:21.346em;z-index:1758;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_441">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1961em;top:21.346em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:22.2673em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">Disposals, employee  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:23.0173em;"><span class="stl_26 stl_13 stl_172" style="word-spacing:-0.0232em;">shares (matching shares)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.9717em;top:23.0173em;"><span class="stl_26 stl_13 stl_95">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.8329em;top:23.0173em;"><span class="stl_26 stl_13 stl_986">-66  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.5029em;top:23.0173em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4004em;top:23.0173em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.2979em;top:23.0173em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1954em;top:23.0173em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4467em;top:23.9385em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">Disposals, share options  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.6367em;top:23.9385em;"><span class="stl_26 stl_13 stl_840">-315  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.5323em;top:23.9385em;"><span class="stl_26 stl_13 stl_433">-269  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.5573em;top:23.9385em;"><span class="stl_26 stl_13 stl_391">-0.2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.3998em;top:23.9385em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9136em;top:23.9385em;z-index:1859;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_441">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8111em;top:23.9385em;z-index:1864;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_441">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4467em;top:24.8523em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.0369em;">Treasury shares,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4467em;top:25.6023em;"><span class="stl_341 stl_08 stl_37" style="word-spacing:-0.0347em;">end of year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0761em;top:25.6023em;"><span class="stl_341 stl_08 stl_130">2,993  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.9461em;top:25.6023em;"><span class="stl_341 stl_08 stl_37">3,642  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.7011em;top:25.6023em;"><span class="stl_341 stl_08 stl_366">1.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5692em;top:25.6023em;"><span class="stl_341 stl_08 stl_97">2.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0204em;top:25.6023em;"><span class="stl_341 stl_08 stl_1004">1.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8348em;top:25.6023em;"><span class="stl_341 stl_08 stl_245">1.4%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:27.0717em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:27.8292em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Acquisition costs and consideration, as well as the dividend on treasury shares, are recognised directly in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:28.5792em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">retained earnings under equity. Proceeds from the sale of treasury shares and the issue of shares in Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:29.3292em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0377em;">A/S, in connection with the exercise of share options, and from the sale of employee shares or warrants,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:30.0792em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">are taken directly to equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_27" style="word-spacing:-0.0344em;">4.6 Cash flows from financial liabilities classified as financing activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0535em;top:10.4899em;"><span class="stl_341 stl_08 stl_465">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1144em;top:11.2399em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0938em;top:11.2399em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Cash flow</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.855em;top:11.2399em;"><span class="stl_341 stl_08 stl_42">Adjustments</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_1006">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4285em;top:11.2399em;"><span class="stl_341 stl_08 stl_325" style="word-spacing:-0.0282em;">of leases</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_240" style="word-spacing:-0.0484em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8308em;top:11.2399em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:12.7987em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3308em;top:12.7987em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.4202em;top:12.7987em;"><span class="stl_26 stl_13 stl_300">-1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9695em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2214em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4733em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:13.7199em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8708em;top:13.7199em;"><span class="stl_26 stl_13 stl_381">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2314em;top:13.7199em;"><span class="stl_26 stl_13 stl_1007">-63  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:13.7199em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.672em;top:13.7199em;"><span class="stl_26 stl_13 stl_77">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5514em;top:13.7199em;"><span class="stl_26 stl_13 stl_60">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1208em;top:14.6337em;"><span class="stl_341 stl_08 stl_262">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2564em;top:14.6337em;"><span class="stl_341 stl_08 stl_399">-1,313  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7608em;top:14.6337em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5977em;top:14.6337em;"><span class="stl_341 stl_08 stl_35">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4414em;top:14.6337em;"><span class="stl_341 stl_08 stl_137">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0535em;top:17.1852em;"><span class="stl_341 stl_08 stl_465">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:17.9424em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1258em;top:17.9349em;"><span class="stl_341 stl_08 stl_424">30.09.21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0939em;top:17.9349em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Cash flow</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.855em;top:17.9349em;"><span class="stl_341 stl_08 stl_42">Adjustments</span><sup style="top: -0.2079em;"><span class="stl_597 stl_08 stl_1006">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4285em;top:17.9352em;"><span class="stl_341 stl_08 stl_325" style="word-spacing:-0.0282em;">of leases</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_240" style="word-spacing:-0.0484em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.831em;top:17.9352em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7241em;top:19.4939em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8422em;top:19.4939em;"><span class="stl_26 stl_13 stl_98">550  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0985em;top:19.4939em;"><span class="stl_26 stl_13 stl_418">700  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9691em;top:19.4939em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.221em;top:19.4939em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0466em;top:19.4939em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7241em;top:20.4152em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8653em;top:20.4152em;"><span class="stl_26 stl_13 stl_209">273  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2641em;top:20.4152em;"><span class="stl_26 stl_13 stl_18">-52  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4391em;top:20.4152em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3141em;top:20.4152em;"><span class="stl_26 stl_13 stl_31">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5866em;top:20.4152em;"><span class="stl_26 stl_13 stl_381">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.7278em;top:21.3289em;"><span class="stl_341 stl_08 stl_418">823  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.9666em;top:21.3289em;"><span class="stl_341 stl_08 stl_465">648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3466em;top:21.3289em;"><span class="stl_341 stl_08 stl_58">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1885em;top:21.3289em;"><span class="stl_341 stl_08 stl_98">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8372em;top:21.3289em;"><span class="stl_341 stl_08 stl_205">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.7618em;"><sup style="top: -0.1665em;"><span class="stl_474 stl_13 stl_16" style="word-spacing:0.1788em;">1 </span></sup><span class="stl_473 stl_13 stl_440" style="word-spacing:-0.0618em;">Non-cash transactions.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_278" style="word-spacing:-0.0095em;">5.1 Provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">Provisions at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6857em;top:12.0487em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9175em;top:12.0487em;"><span class="stl_26 stl_13 stl_448">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:12.9699em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7138em;top:12.9699em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4738em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:13.8912em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Used during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2219em;top:13.8912em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.09em;top:13.8912em;"><span class="stl_26 stl_13 stl_82">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:14.8124em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0302em;">Value adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.565em;top:14.8124em;"><span class="stl_26 stl_13 stl_847">-17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.76em;top:14.8124em;"><span class="stl_26 stl_13 stl_868">-24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.7337em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8407em;top:15.7337em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.305em;top:15.7337em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.6474em;"><span class="stl_341 stl_08 stl_331" style="word-spacing:-0.0383em;">Provisions at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6319em;top:16.6474em;"><span class="stl_341 stl_08 stl_455">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.855em;top:16.6474em;"><span class="stl_341 stl_08 stl_21">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.0805em;"><span class="stl_341 stl_08 stl_420" style="word-spacing:-0.0376em;">Provisions expected to fall due:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:19.0093em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Non-current liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0532em;top:19.0093em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9725em;top:19.0093em;"><span class="stl_26 stl_13 stl_394">19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:19.9305em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0326em;">Current liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0538em;top:19.9305em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3057em;top:19.9305em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:20.8443em;"><span class="stl_341 stl_08 stl_331" style="word-spacing:-0.0383em;">Provisions at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6325em;top:20.8443em;"><span class="stl_341 stl_08 stl_455">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8557em;top:20.8443em;"><span class="stl_341 stl_08 stl_21">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:22.3212em;"><span class="stl_26 stl_13 stl_206" style="word-spacing:-0.0266em;">As of 30 September 2023, value adjustment net amounts to DKK 17m (DKK 24m), hereof the value of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:23.0712em;"><span class="stl_26 stl_13 stl_222" style="word-spacing:-0.0283em;">remeasured technology debt is DKK 19m (DKK 26m), whereas DKK 0 (DKK </span><span class="stl_26 stl_13 stl_57">1</span><span class="stl_26 stl_13 stl_248" style="word-spacing:-0.0306em;">1m) has been offset in the net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:23.8212em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0313em;">book value of the associated intangible asset, and DKK 19m (DKK 15m) has been reported as an income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:24.5712em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0375em;">in special items.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:26.0712em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">Provisions at the balance sheet date concern onerous contracts, deferred purchase price relating to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:26.8212em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">acquired technology in previous years and other items.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:28.3137em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:29.0712em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Provisions are recognised when the Group, as a result of an event having occurred before or on the bal-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:29.8212em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">ance sheet date, has incurred a legal or actual liability, and it is probable that economic benefits will flow  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:30.5712em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">from the Group in order to settle the liability. If the effect of the time value of money is significant, provi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:31.3212em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">sions are discounted using a pre-tax discount rate. When applying a discount rate, the change in provi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:32.0712em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">sions, due to the timing, is recognised as a financial cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_259 stl_08 stl_46" style="word-spacing:-0.0322em;">5.2 Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5387em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">The Group's incentive-based remuneration to the Executive Management is described in the 'Remuner-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0331em;">ation Report 2022/23. Share-based payment is governed by the Remuneration Policy approved by the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0387em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">Board of Directors.The Board of Directors does not receive share-based payment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5312em;"><span class="stl_341 stl_08 stl_48" style="word-spacing:-0.0393em;">Total share-based payment costs in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.4836em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:14.4761em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:14.4761em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.0349em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">Performance Share Units, amortised cost during the period based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.7849em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.032em;">on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:16.7849em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:16.7849em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.7061em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">Fair value adjustment of settled-in-cash Performance Share Units  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:17.7061em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8326em;top:17.7061em;"><span class="stl_26 stl_13 stl_16">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.6274em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">Fair value adjustment of settled-in-cash Performance Share Units, previous  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.3774em;"><span class="stl_26 stl_13 stl_87">management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:19.3774em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1976em;top:19.3774em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2911em;"><span class="stl_341 stl_08 stl_498" style="word-spacing:-0.0395em;">Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7376em;top:20.2911em;"><span class="stl_341 stl_08 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7632em;top:20.2911em;"><span class="stl_341 stl_08 stl_448">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:21.7318em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0405em;">Performance Share Units, amortised cost during vesting-period based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:22.4818em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7776em;top:22.4818em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:22.4818em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:23.403em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Share options, amortised cost during vesting-period based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:24.153em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9463em;top:24.153em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:24.153em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:25.0743em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Employee shares, amortised cost during vesting-period based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:25.8243em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7776em;top:25.8243em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:25.8243em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:26.738em;"><span class="stl_341 stl_08 stl_48" style="word-spacing:-0.0395em;">Total costs for share-based payment in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3244em;top:26.738em;"><span class="stl_341 stl_08 stl_111">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9894em;top:26.738em;"><span class="stl_341 stl_08 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.2074em;"><span class="stl_341 stl_08 stl_331" style="word-spacing:-0.0384em;">Performance Share Units (PSU)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.9649em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0353em;">In 2022/23 Ambu established a share-based, long-term incentive plan for the Executive Management and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.7149em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">key employees selected on the basis of job level by way of granting PSUs. The financial target weighted  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.4649em;"><span class="stl_26 stl_13 stl_61" style="word-spacing:-0.0304em;">into the performance was organic revenue growth (50%) and EBIT (50%). The fair value per PSU at grant  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.2149em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">date was DKK 91.22. The program vests three years after grant on January 2026.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.7149em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">In 2021/22, a PSU program was granted under the same conditions as 2022/23. The fair value per PSU  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.4649em;z-index:2868;"><span class="stl_26 stl_13 stl_123" style="word-spacing:-0.0181em;">at grant date was DKK 16</span><span class="stl_26 stl_13 stl_367">7</span><span class="stl_26 stl_13 stl_377">.</span><span class="stl_26 stl_13 stl_62">8</span><span class="stl_26 stl_13 stl_367">7</span><span class="stl_26 stl_13 stl_16" style="word-spacing:0em;">. </span><span class="stl_26 stl_13 stl_80">T</span><span class="stl_26 stl_13 stl_174" style="word-spacing:-0.0271em;">he financial target was organic revenue (100%), but was not achieved and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.2149em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">thus all PSUs were subsequently cancelled. However, the CEO was granted a sign-on bonus, in respect of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.9649em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">a PSU program, at a grant value of DKK 1m earned over the course of three years.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.8152em;top:10.5554em;"><span class="stl_341 stl_08 stl_68">Executive  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1702em;top:10.5554em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.0442em;">Other and former  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.2659em;top:11.3054em;"><span class="stl_341 stl_08 stl_54">Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.2009em;top:11.3054em;"><span class="stl_341 stl_08 stl_564">employees  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7071em;top:11.3054em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7246em;top:12.376em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.039em;top:12.3685em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.8671em;top:12.3685em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.5977em;top:12.3685em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4258em;top:12.3685em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1565em;top:12.3685em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9846em;top:12.3685em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:13.8229em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">Outstanding PSUs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:14.5729em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0316em;">beginning of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.0908em;top:14.5729em;"><span class="stl_26 stl_13 stl_240">8,548  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.3158em;top:14.5729em;"><span class="stl_26 stl_13 stl_1017">127,928  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.9902em;top:14.5729em;"><span class="stl_26 stl_13 stl_188">189,884  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0958em;top:14.5729em;"><span class="stl_26 stl_13 stl_141">80,900  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5258em;top:14.5729em;"><span class="stl_26 stl_13 stl_255">198,432  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.279em;top:14.5729em;"><span class="stl_26 stl_13 stl_247">208,828  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:15.4941em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">Allocated during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.8446em;top:15.4941em;"><span class="stl_26 stl_13 stl_1016">76,100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2665em;top:15.4941em;"><span class="stl_26 stl_13 stl_445">105,190  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.0246em;top:15.4941em;"><span class="stl_26 stl_13 stl_387">238,917  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.7446em;top:15.4941em;"><span class="stl_26 stl_13 stl_371">188,396  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6165em;top:15.4941em;"><span class="stl_26 stl_13 stl_1020">315,017  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2633em;top:15.4941em;"><span class="stl_26 stl_13 stl_90">293,586  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:16.4154em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5746em;top:16.4154em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.1033em;top:16.4154em;"><span class="stl_26 stl_13 stl_989">-212,180  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.1333em;top:16.4154em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8533em;top:16.4154em;"><span class="stl_26 stl_13 stl_1018">212,180  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6921em;top:16.4154em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4715em;top:16.4154em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:17.3366em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">Exercised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.574em;top:17.3366em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3533em;top:17.3366em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.8371em;top:17.3366em;"><span class="stl_26 stl_13 stl_803">-168,070  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9858em;top:17.3366em;"><span class="stl_26 stl_13 stl_1019">-28,612  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3965em;top:17.3366em;"><span class="stl_26 stl_13 stl_803">-168,070  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.5452em;top:17.3366em;"><span class="stl_26 stl_13 stl_1019">-28,612  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:18.2579em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.574em;top:18.2579em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.4065em;top:18.2579em;"><span class="stl_26 stl_13 stl_215">-12,390  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.4421em;top:18.2579em;"><span class="stl_26 stl_13 stl_598">-5,846  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.579em;top:18.2579em;"><span class="stl_26 stl_13 stl_421">-262,980  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0008em;top:18.2579em;"><span class="stl_26 stl_13 stl_598">-5,846  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.1383em;top:18.2579em;"><span class="stl_26 stl_13 stl_561">-275,370  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:19.1716em;"><span class="stl_341 stl_08 stl_489" style="word-spacing:-0.0448em;">Outstanding PSUs end  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:19.9216em;"><span class="stl_341 stl_08 stl_97" style="word-spacing:-0.038em;">of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.5015em;top:19.9216em;"><span class="stl_341 stl_08 stl_386">86,648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.694em;top:19.9216em;"><span class="stl_341 stl_08 stl_35">8,548  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.6508em;top:19.9216em;"><span class="stl_341 stl_08 stl_69">254,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5133em;top:19.9216em;"><span class="stl_341 stl_08 stl_210">189,884  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.2533em;top:19.9216em;"><span class="stl_341 stl_08 stl_371">339,533  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0252em;top:19.9216em;"><span class="stl_341 stl_08 stl_273">198,432  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:21.3622em;"><span class="stl_26 stl_13 stl_96" style="word-spacing:-0.0435em;">Of which will be settled  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:22.1122em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0415em;">in cash  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5733em;top:22.1122em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3527em;top:22.1122em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.1321em;top:22.1122em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1683em;top:22.1122em;"><span class="stl_26 stl_13 stl_1024">99,316  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6908em;top:22.1122em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.7271em;top:22.1122em;"><span class="stl_26 stl_13 stl_1024">99,316  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:23.5816em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">Outstanding PSUs have on average 2.2 years and 2.2 years until contract expiry for the Executive Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:24.3316em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">ment and 'Other and former employees', respectively. The average market price on the date of exercise  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:25.0816em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">was DKK 92.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:26.5741em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0355em;">Employee shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:27.5679em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Ambu is offering all its employees the opportunity to acquire a number of shares based on a fixed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:28.3179em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">percentage of their annual base salary. The number of shares with which an employee participates are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:29.0679em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">matched free of charge after two years. The Executive Management participates with 646 shares in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:29.8179em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">current employee share programmes currently under vesting. The total market value at the time of alloca-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:30.5679em;"><span class="stl_26 stl_13 stl_137" style="word-spacing:-0.0231em;">tion in 2023 was DKK 7m (DKK </span><span class="stl_26 stl_13 stl_57">1</span><span class="stl_26 stl_13 stl_169" style="word-spacing:-0.0214em;">1m) at a fair value per share of DKK 108.69 (DKK 95.56) at grant date.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.0266em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1569em;top:32.0191em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:32.0191em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.5778em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">Outstanding beginning of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.54em;top:33.5778em;"><span class="stl_26 stl_13 stl_180">162,053  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3588em;top:33.5778em;"><span class="stl_26 stl_13 stl_593">128,361  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:34.4991em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">Allocated during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.9419em;top:34.4991em;z-index:1442;"><span class="stl_26 stl_13 stl_1025">67</span><span class="stl_26 stl_13 stl_347">,</span><span class="stl_26 stl_13 stl_86">364  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.4538em;top:34.4991em;"><span class="stl_26 stl_13 stl_455">111,795  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:35.4203em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0329em;">Released during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7182em;top:35.4203em;z-index:1480;"><span class="stl_26 stl_13 stl_95">-3</span><span class="stl_26 stl_13 stl_367">7</span><span class="stl_26 stl_13 stl_97">,</span><span class="stl_26 stl_13 stl_490">488  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.4344em;top:35.4203em;"><span class="stl_26 stl_13 stl_222">-64,993  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.3416em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7907em;top:36.3416em;"><span class="stl_26 stl_13 stl_399">-12,770  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.6563em;top:36.3416em;"><span class="stl_26 stl_13 stl_960">-13,110  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.2553em;"><span class="stl_341 stl_08 stl_417" style="word-spacing:-0.044em;">Outstanding end of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.4144em;top:37.2553em;"><span class="stl_341 stl_08 stl_1026">179,159  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0325em;top:37.2553em;"><span class="stl_341 stl_08 stl_292">162,053  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Legacy incentive equity-based remuneration to current and prior employees, including prior Executive  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Management, include stock options and warrants. According to the current remuneration policy, Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0387em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0397em;">only grants PSUs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.9049em;top:13.4899em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.04em;">Share options  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.1912em;top:13.4899em;"><span class="stl_341 stl_08 stl_28">Warrants  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.4312em;top:13.4899em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:14.5605em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.763em;top:14.553em;"><span class="stl_341 stl_08 stl_307" style="word-spacing:1.4907em;">2022/23 2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3218em;top:14.553em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.1499em;top:14.553em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.8805em;top:14.553em;"><span class="stl_341 stl_08 stl_307" style="word-spacing:1.4907em;">2022/23 2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:16.0074em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Outstanding beginning  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:16.7574em;"><span class="stl_26 stl_13 stl_248" style="word-spacing:-0.0307em;">of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.6837em;top:16.7574em;"><span class="stl_26 stl_13 stl_423" style="word-spacing:1.1865em;">1,774,247 2,058,214  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.7318em;top:16.7574em;"><span class="stl_26 stl_13 stl_235">169,500  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4568em;top:16.7574em;"><span class="stl_26 stl_13 stl_286">182,000  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.8262em;top:16.7574em;"><span class="stl_26 stl_13 stl_212" style="word-spacing:1.2016em;">1,943,747 2,240,214  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:17.6787em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">Exercised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.9943em;top:17.6787em;"><span class="stl_26 stl_13 stl_1021">-314,760  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.8405em;top:17.6787em;"><span class="stl_26 stl_13 stl_1022">-269,165  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8587em;top:17.6787em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.6737em;top:17.6787em;"><span class="stl_26 stl_13 stl_244">-12,500  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.1124em;top:17.6787em;"><span class="stl_26 stl_13 stl_1021">-314,760  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8524em;top:17.6787em;"><span class="stl_26 stl_13 stl_190">-281,665  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:18.5999em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.313em;top:18.5999em;"><span class="stl_26 stl_13 stl_195">-21,330  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.1162em;top:18.5999em;"><span class="stl_26 stl_13 stl_209">-14,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.5687em;top:18.5999em;"><span class="stl_26 stl_13 stl_298">-169,500  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6374em;top:18.5999em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.078em;top:18.5999em;"><span class="stl_26 stl_13 stl_544">-190,830  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.2343em;top:18.5999em;"><span class="stl_26 stl_13 stl_209">-14,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:19.5137em;"><span class="stl_341 stl_08 stl_516" style="word-spacing:-0.0474em;">Outstanding end of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:20.2637em;"><span class="stl_341 stl_08 stl_377" style="word-spacing:-0.036em;">the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.3262em;top:20.2637em;"><span class="stl_341 stl_08 stl_242" style="word-spacing:0.7188em;">1,438,157 1,774,247  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8493em;top:20.2637em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.2387em;top:20.2637em;"><span class="stl_341 stl_08 stl_1023" style="word-spacing:0.7588em;">169,500 1,438,157 1,943,747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:21.7043em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">Of which are vested  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.663em;top:21.7043em;"><span class="stl_26 stl_13 stl_187" style="word-spacing:1.2691em;">1,438,157 1,138,654  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8574em;top:21.7043em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.5105em;top:21.7043em;"><span class="stl_26 stl_13 stl_389" style="word-spacing:1.2634em;">169,500 1,438,157 1,308,154  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:23.1737em;"><span class="stl_26 stl_13 stl_149" style="word-spacing:-0.0252em;">The average market price on the date of exercise of share options was DKK 106.32 in 2022/23 (2021/22:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:23.9237em;"><span class="stl_26 stl_13 stl_147" style="word-spacing:-0.0244em;">DKK 167.65). Outstanding share options have on average 1.1 years until contract expiry, at an average  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:24.6737em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">exercise price of DKK 128.60 per option.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:26.1662em;"><span class="stl_341 stl_08 stl_420" style="word-spacing:-0.0376em;">§ Accounting policy  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:26.9237em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">The fair value of Ambu’s share-based payment is expensed on an accrual basis. Fair value of equity-based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:27.6737em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">schemes at the time of allocation is calculated according to recognised valuation models or methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:28.4237em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0381em;">This value is expensed over the service period for each of the respective schemes and is taken to equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:29.1737em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">On recognition of the fair value during the service period, account is taken of the number of employees  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:29.9237em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">who are expected to obtain a final right to the scheme, including the conditions to which the allocation is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:30.6737em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">subject. This estimate is reassessed at the end of each reporting period, so that only the number of rights  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:31.4237em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">expected to be vested are recognised. Adjustments relating to previous periods are recognised in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:32.1737em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">period in which the adjustment is made. The fair value per unit does not change.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:33.6737em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">PSUs that are settled in cash are taken to liabilities, instead of equity, and the fair value adjustment of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:34.4237em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">respective scheme at end of the period is expensed to the income statement. This includes any changes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:35.1737em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">in the quoted price of the Ambu B-share on Nasdaq Copenhagen.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_58" style="word-spacing:-0.0299em;">5.3 Fee to auditors appointed by the Annual General Meeting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">Audit fee  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Other assurance engagements  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8912em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">Tax consultancy services  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:13.8912em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:13.8912em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.8124em;"><span class="stl_26 stl_13 stl_506" style="word-spacing:-0.0498em;">Other services  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:14.8124em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:14.8124em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7262em;"><span class="stl_341 stl_08 stl_206" style="word-spacing:-0.0266em;">Total fees  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0132em;top:15.7262em;"><span class="stl_341 stl_08 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.265em;top:15.7262em;"><span class="stl_341 stl_08 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.203em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0401em;">Fee for non-audit services provided to the Group by EY Statsautoriseret Revisionspartnerselskab, Den-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.953em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0308em;">mark, amounted to DKK 1m (DKK 1m), relating mainly to tax compliance and other assurance assess-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.703em;"><span class="stl_26 stl_13 stl_517" style="word-spacing:-0.0494em;">ments and reports.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0369em;"><span class="stl_259 stl_08 stl_223" style="word-spacing:-0.0276em;">5.4 Group companies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.3497em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0357em;">This note shows the legal entities which are consolidated in the consolidated financial statements.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.0997em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">All entities have a 100% ownership interest.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1808em;top:24.5509em;"><span class="stl_341 stl_08 stl_519">Activity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0657em;top:25.6215em;"><span class="stl_26 stl_13 stl_159">Produc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:26.2809em;"><span class="stl_341 stl_08 stl_248">Company  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9527em;top:26.2809em;"><span class="stl_341 stl_08 stl_479" style="word-spacing:-0.051em;">Reg. office  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.677em;top:26.2809em;"><span class="stl_341 stl_08 stl_117">Currency  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0033em;top:26.2884em;"><span class="stl_26 stl_13 stl_256">Sales</span><sup style="top: -0.2084em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:1.974em;">1 </span></sup><span class="stl_26 stl_13 stl_90">tion</span><sup style="top: -0.2083em;"><span class="stl_302 stl_13 stl_318">2  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.9225em;top:26.2882em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:1.0137em;">R&amp;D Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.225em;"><span class="stl_435 stl_436 stl_159" style="word-spacing:-0.029em;">Parent company:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.1225em;"><span class="stl_26 stl_13 stl_681" style="word-spacing:-0.056em;">Ambu A/S  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9525em;top:29.1225em;"><span class="stl_26 stl_13 stl_59">Denmark  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6769em;top:29.1225em;"><span class="stl_26 stl_13 stl_364">DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.7194em;top:29.1225em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0819em;top:29.1225em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.4444em;top:29.1225em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8069em;top:29.1225em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:30.9182em;"><span class="stl_435 stl_436 stl_159">Subsidiaries:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:31.8157em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">Ambu Australia Pty. Ltd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9532em;top:31.8157em;"><span class="stl_26 stl_13 stl_48">Australia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6775em;top:31.8157em;"><span class="stl_26 stl_13 stl_18">AUD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.72em;top:31.8157em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.7132em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">Ambu Healthcare Solutions Canada Inc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9525em;top:32.7132em;"><span class="stl_26 stl_13 stl_97">Canada  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6769em;top:32.7132em;"><span class="stl_26 stl_13 stl_800">CAD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.7194em;top:32.7132em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:33.6107em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Ambu Ltd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9519em;top:33.6107em;"><span class="stl_26 stl_13 stl_58">China  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6763em;top:33.6107em;"><span class="stl_26 stl_13 stl_364">CNY  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0813em;top:33.6107em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.4438em;top:33.6107em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:34.5082em;"><span class="stl_26 stl_13 stl_18" style="word-spacing:-0.022em;">Ambu (Xiamen) Trading Co., Ltd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9519em;top:34.5082em;"><span class="stl_26 stl_13 stl_58">China  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6763em;top:34.5082em;"><span class="stl_26 stl_13 stl_364">CNY  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.7188em;top:34.5082em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7231em;top:35.4057em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Ambu Nordic A/S  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9513em;top:35.4057em;"><span class="stl_26 stl_13 stl_59">Denmark  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6757em;top:35.4057em;"><span class="stl_26 stl_13 stl_364">DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.805em;top:35.4057em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7231em;top:36.3032em;"><span class="stl_26 stl_13 stl_306" style="word-spacing:-0.0461em;">Ambu Operations A/S  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9513em;top:36.3032em;"><span class="stl_26 stl_13 stl_59">Denmark  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6756em;top:36.3032em;"><span class="stl_26 stl_13 stl_111">USD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0806em;top:36.3032em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7231em;top:37.2007em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">Ambu Rusland Holding ApS  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9513em;top:37.2007em;"><span class="stl_26 stl_13 stl_59">Denmark  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6756em;top:37.2007em;"><span class="stl_26 stl_13 stl_364">DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.805em;top:37.2007em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.905em;top:10.5081em;"><span class="stl_341 stl_08 stl_519">Activity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.7898em;top:11.5787em;"><span class="stl_26 stl_13 stl_159">Produc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.2381em;"><span class="stl_341 stl_08 stl_248">Company  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6769em;top:12.2381em;"><span class="stl_341 stl_08 stl_479" style="word-spacing:-0.051em;">Reg. office  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4012em;top:12.2381em;"><span class="stl_341 stl_08 stl_117">Currency  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.7275em;top:12.2456em;"><span class="stl_26 stl_13 stl_256">Sales</span><sup style="top: -0.2084em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:1.974em;">1 </span></sup><span class="stl_26 stl_13 stl_90">tion</span><sup style="top: -0.2083em;"><span class="stl_302 stl_13 stl_318">2  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.6467em;top:12.2453em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:1.0137em;">R&amp;D Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4486em;top:14.1822em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">Ambu Sarl  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6767em;top:14.1822em;"><span class="stl_26 stl_13 stl_58">France  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4011em;top:14.1822em;"><span class="stl_26 stl_13 stl_200">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4436em;top:14.1822em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:15.0797em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Ambu GmbH  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6761em;top:15.0797em;"><span class="stl_26 stl_13 stl_349">Germany  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4005em;top:15.0797em;"><span class="stl_26 stl_13 stl_200">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.443em;top:15.0797em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:15.9772em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">Ambu Innovation GmbH  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6755em;top:15.9772em;"><span class="stl_26 stl_13 stl_349">Germany  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3998em;top:15.9772em;"><span class="stl_26 stl_13 stl_200">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.1673em;top:15.9772em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:16.8747em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Ambu India Private Limited  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6755em;top:16.8747em;"><span class="stl_26 stl_13 stl_248">India  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3998em;top:16.8747em;"><span class="stl_26 stl_13 stl_359">INR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4423em;top:16.8747em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4467em;top:17.7722em;"><span class="stl_26 stl_13 stl_152" style="word-spacing:-0.0212em;">Ambu s.r.l.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6748em;top:17.7722em;"><span class="stl_26 stl_13 stl_490">Italy  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3992em;top:17.7722em;"><span class="stl_26 stl_13 stl_200">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4417em;top:17.7722em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:18.6697em;"><span class="stl_26 stl_13 stl_96" style="word-spacing:-0.0435em;">Ambu KK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6742em;top:18.6697em;"><span class="stl_26 stl_13 stl_200">Japan  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3986em;top:18.6697em;"><span class="stl_26 stl_13 stl_377">JPY  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4411em;top:18.6697em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4455em;top:19.5672em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">Ambu Sdn. Bhd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6736em;top:19.5672em;"><span class="stl_26 stl_13 stl_401">Malaysia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.398em;top:19.5672em;"><span class="stl_26 stl_13 stl_368">MYR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.803em;top:19.5672em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4455em;top:20.4647em;"><span class="stl_26 stl_13 stl_325" style="word-spacing:-0.0283em;">Ambu Innovation (Malaysia) Sdn. Bhd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6736em;top:20.4647em;"><span class="stl_26 stl_13 stl_401">Malaysia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.398em;top:20.4647em;"><span class="stl_26 stl_13 stl_368">MYR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.1655em;top:20.4647em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4455em;top:21.3622em;"><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0405em;">Ambu Sales &amp; Services Sdn. Bhd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6736em;top:21.3622em;"><span class="stl_26 stl_13 stl_401">Malaysia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.398em;top:21.3622em;"><span class="stl_26 stl_13 stl_368">MYR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4405em;top:21.3622em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4448em;top:22.2597em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Ambu Mexico Operations S. A. DE C. V.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.673em;top:22.2597em;"><span class="stl_26 stl_13 stl_59">Mexico  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3973em;top:22.2597em;"><span class="stl_26 stl_13 stl_29">MXN  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8023em;top:22.2597em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4448em;top:23.1572em;"><span class="stl_26 stl_13 stl_188" style="word-spacing:0.0053em;">Ambu B.V.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.673em;top:23.1572em;"><span class="stl_26 stl_13 stl_327">Netherlands  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3973em;top:23.1572em;"><span class="stl_26 stl_13 stl_200">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4398em;top:23.1572em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4442em;top:24.0547em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">Ambu New Zealand Pty. Ltd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6723em;top:24.0547em;"><span class="stl_26 stl_13 stl_148" style="word-spacing:-0.0298em;">New Zealand</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.391em;top:24.0547em;"><span class="stl_26 stl_13 stl_36">NZD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4392em;top:24.0547em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4436em;top:24.9522em;"><span class="stl_26 stl_13 stl_121" style="word-spacing:-0.0288em;">Ambu LLC  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6717em;top:24.9522em;"><span class="stl_26 stl_13 stl_59">Russia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3961em;top:24.9522em;"><span class="stl_26 stl_13 stl_417">RUB  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5255em;top:24.9522em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4436em;top:25.8497em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Firma Ambu, S.L.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6717em;top:25.8497em;"><span class="stl_26 stl_13 stl_159">Spain  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3961em;top:25.8497em;"><span class="stl_26 stl_13 stl_200">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4386em;top:25.8497em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.443em;top:26.7472em;"><span class="stl_26 stl_13 stl_36" style="word-spacing:-0.026em;">Ambu AG  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6711em;top:26.7472em;"><span class="stl_26 stl_13 stl_86">Switzerland  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3955em;top:26.7472em;"><span class="stl_26 stl_13 stl_490">CHF  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.438em;top:26.7472em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4423em;top:27.6447em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Ambu Ltd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6705em;top:27.6447em;"><span class="stl_26 stl_13 stl_80">UK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3948em;top:27.6447em;"><span class="stl_26 stl_13 stl_77">GBP  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4373em;top:27.6447em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4417em;top:28.5422em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0403em;">Ambu Inc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6698em;top:28.5422em;"><span class="stl_26 stl_13 stl_69">USA  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3942em;top:28.5422em;"><span class="stl_26 stl_13 stl_111">USD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4367em;top:28.5422em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4411em;top:29.4397em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">King Systems Holding Inc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6692em;top:29.4397em;"><span class="stl_26 stl_13 stl_69">USA  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3936em;top:29.4397em;"><span class="stl_26 stl_13 stl_111">USD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.523em;top:29.4397em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4411em;top:30.3372em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">King Systems Corp.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6692em;top:30.3372em;"><span class="stl_26 stl_13 stl_69">USA  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3936em;top:30.3372em;"><span class="stl_26 stl_13 stl_111">USD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.7986em;top:30.3372em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.1611em;top:30.3372em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:31.7322em;"><sup style="top: -0.1665em;"><span class="stl_474 stl_13 stl_16" style="word-spacing:0.1788em;">1 </span></sup><span class="stl_473 stl_13 stl_475" style="word-spacing:-0.0531em;">Sales include promotional activities.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:32.3155em;"><sup style="top: -0.1665em;"><span class="stl_474 stl_13 stl_16" style="word-spacing:0.1788em;">2 </span></sup><span class="stl_473 stl_13 stl_517" style="word-spacing:-0.0494em;">Production includes the purchase of goods for resale and the coordination thereof.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_259 stl_08 stl_87" style="word-spacing:-0.0319em;">5.5 Contingent liabilities and other contractual liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5343em;"><span class="stl_578 stl_94 stl_331" style="word-spacing:-0.0384em;">Contingent liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Ambu’s ongoing operations and the use of Ambu’s products in hospitals and clinics, etc., involve a gen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">eral risk of claims for damages and sanctions against Ambu. The risk is deemed to be customary for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_89">industry.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Ambu is involved, from time to time, in disputes with customers and patients about Ambu’s products.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Appropriate provisions are made on an ongoing basis, and product liability insurance has been taken out.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">The Management believes that the likely outcomes of these disputes can be covered by the provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;z-index:700;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0331em;">made and recognised in the balance sheet at 30 Sept</span><span class="stl_26 stl_13 stl_171" style="word-spacing:-0.0237em;">ember 202</span><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">3. For a more detailed description of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.1185em;z-index:804;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">Group’s risks, see the ‘Risk management’ section on </span><span class="stl_580 stl_94 stl_885" style="word-spacing:-0.061em;">p. 97-101</span><span class="stl_583 stl_101 stl_592" style="word-spacing:-0.0482em;">→  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7843em;"><span class="stl_578 stl_94 stl_501" style="word-spacing:-0.0437em;">Other contractual liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">A change-of-control clause exists in respect of committed borrowing facilities, which constitute the main  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">part of Ambu’s loan financing. Change-of-control remuneration to members of the Executive Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">ment is subject to a maximum value corresponding to two years’ remuneration.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.1983em;"><span class="stl_259 stl_08 stl_52" style="word-spacing:-0.0347em;">5.6 Related parties  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.5111em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">The Group’s related parties include the company’s Board of Directors and Executive Management and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.2611em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">members of their families. Related parties, furthermore, include enterprises in which the aforementioned  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.0111em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">persons have a significant interest.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.5111em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0315em;">During the year, no transactions, except for payment of the Management’s remuneration (notes 2.3 and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.2611em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">5.2) and ordinary dividend payments, took place with the Board of Directors, Executive Management,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.0111em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0378em;">major shareholders or other related parties.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.1707em;"><span class="stl_259 stl_08 stl_171" style="word-spacing:-0.0239em;">5.7 Subsequent events  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.4836em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0353em;">No material events have occurred in the period between the end of the financial year and the Board of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.2336em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0383em;">Directors’ approval of the Annual Report.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_259 stl_08 stl_27" style="word-spacing:-0.0344em;">5.8 Adoption of the annual report and distribution of profit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5387em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">At the board meeting on 8 November 2023, the Board of Directors approved the Annual Report pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">sented. Subsequently, the Annual Report will be presented to the shareholders of Ambu A/S for adoption  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0387em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0335em;">at the Annual General Meeting on 13 December 2023, including the proposed distribution of the profit for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7887em;"><span class="stl_26 stl_13 stl_224" style="word-spacing:-0.0137em;">the year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:14.2399em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:14.2399em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7987em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Proposed dividend for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:15.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1976em;top:15.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.7199em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Transferred to distributable reserves  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0663em;top:16.7199em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6557em;top:16.7199em;"><span class="stl_26 stl_13 stl_36">93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9494em;top:17.6337em;"><span class="stl_341 stl_08 stl_351">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5757em;top:17.6337em;"><span class="stl_341 stl_08 stl_58">93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.0743em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Dividend per share in DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8532em;top:19.0743em;"><span class="stl_26 stl_13 stl_466">0.00  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1051em;top:19.0743em;"><span class="stl_26 stl_13 stl_466">0.00  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.9955em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">Pay-out ratio, in % of net profit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.2307em;top:19.9955em;"><span class="stl_26 stl_13 stl_377">0%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4826em;top:19.9955em;"><span class="stl_26 stl_13 stl_377">0%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.4574em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.2149em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0375em;">Proposed dividend is recognised as a liability at the time of adoption by the general meeting. Expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.9649em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">dividend payable for the year is shown as a separate reserve under equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_58" style="word-spacing:-0.03em;">5.9 Non-IFRS financial measures  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5387em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">The Group uses several financial metrics, which are not defined in the International Financial Reporting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0322em;">Standards (IFRS). These Alternative Performance Measures (APMs) are used in the daily management of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">the Company and in the communication with external stakeholders. The non-IFRS financial measures are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0333em;">defined by Management and therefore may not be comparable with other companies' measures.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">The most relevant APMs are: 'Organic growth', 'Special items', 'EBITDA before special items', 'Net working  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">capital', 'Net-interest bearing debt' and 'Free cash flow before acquisitions of enterprises and technology'.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0375em;">Below is a reconciliation of the different APMs used in the Annual Report. Key figure and ratio definitions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.009em;">are found in note 5.10.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7812em;"><span class="stl_341 stl_08 stl_525" style="word-spacing:-0.0417em;">Income statement APMs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.7336em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:19.7261em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:19.7261em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.2849em;"><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0407em;">Operating profit (EBIT)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3269em;top:21.2849em;"><span class="stl_26 stl_13 stl_184">294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7538em;top:21.2849em;"><span class="stl_26 stl_13 stl_162">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.2061em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0395em;">Depreciation, amortisation and impairment losses on non-current assets cf.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.9561em;"><span class="stl_26 stl_13 stl_98" style="word-spacing:-0.024em;">note 2.4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2957em;top:22.9561em;"><span class="stl_26 stl_13 stl_29">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5994em;top:22.9561em;"><span class="stl_26 stl_13 stl_461">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.8699em;"><span class="stl_341 stl_08 stl_32">EBITDA  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1813em;top:23.8699em;"><span class="stl_341 stl_08 stl_377">642  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4475em;top:23.8699em;"><span class="stl_341 stl_08 stl_130">325  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:25.3105em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Special items cf. note 2.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0532em;top:25.3105em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.59em;top:25.3105em;"><span class="stl_26 stl_13 stl_365">148  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:26.2318em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">of which depreciation, amortisation and impairment cf. note 2.4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.55em;top:26.2318em;"><span class="stl_26 stl_13 stl_72">-18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7194em;top:26.2318em;"><span class="stl_26 stl_13 stl_86">-50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:27.1455em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0388em;">EBITDA before special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1857em;top:27.1455em;"><span class="stl_341 stl_08 stl_159">632  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4413em;top:27.1455em;"><span class="stl_341 stl_08 stl_98">423  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:28.5861em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">Depreciation, amortisation and impairment losses, not classified as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:29.3361em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">special items cf. note 2.4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.09em;top:29.3361em;"><span class="stl_26 stl_13 stl_42">-330  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3613em;top:29.3361em;"><span class="stl_26 stl_13 stl_21">-301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:30.2499em;"><span class="stl_341 stl_08 stl_525" style="word-spacing:-0.0418em;">EBIT before special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1869em;top:30.2499em;"><span class="stl_341 stl_08 stl_111">302  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.475em;top:30.2499em;"><span class="stl_341 stl_08 stl_798">122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:10.5249em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0407em;">Balance sheet and cash flow APMs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.4778em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:11.4703em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:11.4703em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.029em;"><span class="stl_26 stl_13 stl_158" style="word-spacing:-0.0271em;">Total current assets (IFRS)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4788em;top:13.029em;"><span class="stl_26 stl_13 stl_27">2,008  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7276em;top:13.029em;"><span class="stl_26 stl_13 stl_420">2,304  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.9503em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">Income tax receivable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1913em;top:13.9503em;"><span class="stl_26 stl_13 stl_86">-50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4707em;top:13.9503em;"><span class="stl_26 stl_13 stl_177">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.8715em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3001em;top:14.8715em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5519em;top:14.8715em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7928em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9144em;top:15.7928em;"><span class="stl_26 stl_13 stl_877">-157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1663em;top:15.7928em;"><span class="stl_26 stl_13 stl_877">-187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.7065em;"><span class="stl_341 stl_08 stl_28" style="word-spacing:-0.0402em;">Total current assets adjusted  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3507em;top:16.7065em;"><span class="stl_341 stl_08 stl_162">1,790  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5382em;top:16.7065em;"><span class="stl_341 stl_08 stl_579">2,083  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:18.1472em;"><span class="stl_26 stl_13 stl_171" style="word-spacing:-0.0238em;">Total current liabilities (IFRS)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8638em;top:18.1472em;"><span class="stl_26 stl_13 stl_745">-942  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7488em;top:18.1472em;"><span class="stl_26 stl_13 stl_1027">-1,161  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:19.0684em;"><span class="stl_26 stl_13 stl_32">Provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7776em;top:19.0684em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:19.0684em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:19.9897em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4194em;top:19.9897em;"><span class="stl_26 stl_13 stl_45">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6694em;top:19.9897em;"><span class="stl_26 stl_13 stl_62">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:20.9109em;"><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0406em;">Income tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4326em;top:20.9109em;"><span class="stl_26 stl_13 stl_56">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7038em;top:20.9109em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:21.8247em;"><span class="stl_341 stl_08 stl_345" style="word-spacing:-0.0397em;">Net working capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9201em;top:21.8247em;"><span class="stl_341 stl_08 stl_208">939  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5844em;top:21.8247em;"><span class="stl_341 stl_08 stl_342">1,022  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:24.0765em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4094em;top:24.069em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.71em;top:24.069em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:25.6278em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9151em;top:25.6278em;"><span class="stl_26 stl_13 stl_877">-157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1669em;top:25.6278em;"><span class="stl_26 stl_13 stl_877">-187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:26.549em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0251em;top:26.549em;"><span class="stl_26 stl_13 stl_60">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3126em;top:26.549em;"><span class="stl_26 stl_13 stl_381">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:27.4703em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9463em;top:27.4703em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7719em;top:27.4703em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:28.384em;"><span class="stl_341 stl_08 stl_49" style="word-spacing:-0.042em;">Net interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9257em;top:28.384em;"><span class="stl_341 stl_08 stl_464">427  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5732em;top:28.384em;"><span class="stl_341 stl_08 stl_253">1,658  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:30.6359em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4094em;top:30.6284em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.71em;top:30.6284em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:32.1872em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">Cash flow from operating activities (IFRS)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1063em;top:32.1872em;"><span class="stl_26 stl_13 stl_388">518  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6638em;top:32.1872em;"><span class="stl_26 stl_13 stl_103">95  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:33.1084em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Cash flow from investing activities (IFRS)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8438em;top:33.1084em;"><span class="stl_26 stl_13 stl_256">-326  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0694em;top:33.1084em;"><span class="stl_26 stl_13 stl_37">-558  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.0297em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">of which are acquisitions of technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:34.0297em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:34.0297em;"><span class="stl_26 stl_13 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.9434em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0407em;">Free cash flow before acquisitions of enterprises and technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9475em;top:34.9434em;"><span class="stl_341 stl_08 stl_384">192  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9169em;top:34.9434em;"><span class="stl_341 stl_08 stl_821">-458  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_66" style="word-spacing:-0.0204em;">5.10 Key figure and ratio definitions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5387em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">The key figures and ratios used in the Annual Report is defined as shown below. 'APM' (Alternative Perfor-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0327em;">mance Measure) / 'IFRS' indicates whether the metric is defined by IFRS or not. Reference is made to note  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_325" style="word-spacing:-0.0282em;">5.9 for a reconciliation of APMs to IFRS.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1957em;top:13.4899em;"><span class="stl_341 stl_08 stl_328" style="word-spacing:0.7396em;">APM IFRS  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:15.0412em;"><span class="stl_341 stl_08 stl_304" style="word-spacing:-0.0422em;">Income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:15.9699em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">Gross margin, %  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.2995em;top:15.9699em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">Gross profit in % of revenue.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8776em;top:15.9699em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:17.1274em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">EBITDA before special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:17.1274em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Operating profit before special items, depreciation,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.752em;top:17.1274em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:17.8774em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">amortisation and impairment losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:19.0349em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">Operating profit (EBIT) before special</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.299em;top:19.0349em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Profit for the year before special items, net financials  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.752em;top:19.0349em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:19.7849em;"><span class="stl_26 stl_13 stl_465">items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:19.7849em;"><span class="stl_26 stl_13 stl_96" style="word-spacing:-0.0435em;">and tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:20.9424em;"><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0407em;">Operating profit (EBIT)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:20.9424em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">Profit for the year before net financials and tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.752em;top:20.9424em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:22.0999em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">Operating Expenditures (OPEX)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:22.0999em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">Selling and distribution costs, development costs,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.752em;top:22.0999em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:22.8499em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">management and administrative expenses as well  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:23.5999em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0365em;">as other operating income and expenses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:24.7574em;"><span class="stl_26 stl_13 stl_147" style="word-spacing:-0.0244em;">Special items (s.i.)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:24.7574em;"><span class="stl_26 stl_13 stl_525" style="word-spacing:-0.0419em;">Special items comprise costs that cannot be attrib-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.752em;top:24.7574em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:25.5074em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">uted directly to the Group's ordinary activities and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:26.2574em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">are non-recurring in nature.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:27.9193em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0388em;">Balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:28.848em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">Net working capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:28.848em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">Inventories, trade receivables, other receivables and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.752em;top:28.848em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:29.598em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">prepayments less trade payables and other paya-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:30.348em;"><span class="stl_26 stl_13 stl_491">bles.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:31.5055em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0363em;">Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:31.5055em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">Debt on which interest is paid, including bank debt,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.752em;top:31.5055em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:32.2555em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">debt to credit institutions, lease debt and corporate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:33.0055em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0371em;">bonds, but not trade payables.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:34.163em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.0321em;">Net interest-bearing debt (NIBD)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:34.163em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">Interest-bearing debt less cash and cash equiva-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.752em;top:34.163em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:34.913em;"><span class="stl_26 stl_13 stl_319">lents.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:36.5749em;"><span class="stl_341 stl_08 stl_117" style="word-spacing:-0.0457em;">Cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:37.5037em;"><span class="stl_26 stl_13 stl_96" style="word-spacing:-0.0434em;">Cash flow from operating activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:37.5037em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">Cash flow from operating activities as defined in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8783em;top:37.5037em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:38.2537em;z-index:1503;"><span class="stl_26 stl_13 stl_368" style="word-spacing:-0.06em;">IAS </span><span class="stl_26 stl_13 stl_367">7</span><span class="stl_26 stl_13 stl_367">.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.9201em;top:13.5081em;"><span class="stl_341 stl_08 stl_328" style="word-spacing:0.7396em;">APM IFRS  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:15.0669em;"><span class="stl_26 stl_13 stl_49" style="word-spacing:-0.0419em;">Cash flow from investing activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:15.0669em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0423em;">Cash flow from investing activities as defined in IAS  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5539em;top:15.0669em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:15.8169em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">before acquisitions of enterprises  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:15.8169em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">7 excluding cash flow for the acquisition of technol-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:16.5669em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">and technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:16.5669em;"><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0405em;">ogy and enterprises.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:17.7244em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">Free cash flow before acquisitions of</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.019em;top:17.7244em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">The sum of cash flow from operating activities and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.4758em;top:17.7244em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:18.4744em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">enterprises and technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:18.4744em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0402em;">cash flow from investing activities before acquisi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:19.2244em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">tions of enterprises and technology.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:20.3819em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">Acquisitions of enterprises and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:20.3819em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">Cash flow from the acquisition of enterprises and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.4758em;top:20.3819em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:21.1319em;"><span class="stl_26 stl_13 stl_97">technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:21.1319em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0311em;">technology, including payment to the seller and pay-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:21.8819em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">ment of earn-outs less cash in acquired enterprises.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:23.5437em;"><span class="stl_341 stl_08 stl_345" style="word-spacing:-0.0397em;">Key figures and ratios  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:24.4725em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">Organic growth  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:24.4725em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">Development in revenue, adjusted for fluctuations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.4758em;top:24.4725em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:25.2225em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0381em;">in foreign exchange rates and the effect of acquisi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:25.9725em;"><span class="stl_26 stl_13 stl_198" style="word-spacing:-0.0291em;">tions, in the past 12 months in % of revenue in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:26.7225em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0365em;">period of comparison.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:27.88em;"><span class="stl_26 stl_13 stl_53">Endoscopes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:27.88em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Single-use endoscopes.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.4754em;top:27.8801em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:28.63em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">Currently, endoscopes comprise the following prod-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:29.38em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0403em;">uct groups: Ambu</span><sup style="top: -0.208em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:0.1788em;">® </span></sup><span class="stl_26 stl_13 stl_540">aScope</span><sup style="top: -0.2081em;"><span class="stl_302 stl_13 stl_182">™</span></sup><span class="stl_26 stl_13 stl_157" style="word-spacing:-0.025em;">, VivaSight</span><sup style="top: -0.2081em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:0.1788em;">™ </span></sup><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0235em;top:30.1301em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.043em;">endoscopes in the portfolio.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4485em;top:31.2876em;"><span class="stl_26 stl_13 stl_525" style="word-spacing:-0.0418em;">Growth in endoscopes sold  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0235em;top:31.2876em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">The development in the number of endoscopes sold  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.4754em;top:31.2876em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0235em;top:32.0376em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">in % of the number of endoscopes sold in the period  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0235em;top:32.7876em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">of comparison.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4485em;top:33.9451em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Rate of cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0235em;top:33.9451em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">Capacity costs in % of revenue.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.4754em;top:33.9451em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4485em;top:35.1026em;"><span class="stl_26 stl_13 stl_485" style="word-spacing:-0.0128em;">Tax rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0235em;top:35.1026em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0328em;">Tax for the year relative to the profit before tax.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6016em;top:35.1026em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4491em;top:36.2601em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0347em;">EBITDA margin before special items</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.019em;top:36.2601em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.0321em;">EBITDA before special items in % of revenue.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.476em;top:36.2601em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4491em;top:37.4176em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0332em;">EBIT margin</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.019em;top:37.4176em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0293em;">EBIT in % of revenue.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.476em;top:37.4176em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1957em;top:10.5317em;"><span class="stl_341 stl_08 stl_328" style="word-spacing:0.7396em;">APM IFRS  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:12.0905em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">EBIT margin before special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.2995em;top:12.0905em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0331em;">EBIT before special items in % of revenue.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.7514em;top:12.0905em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:13.248em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0413em;">Return on equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.2995em;top:13.248em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0322em;">Net profit/loss for the year for a rolling 12-month  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8776em;top:13.248em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.2995em;top:13.998em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0339em;">period in relation to average equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:15.1555em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">NIBD/EBITDA before special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:15.1555em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0371em;">Net interest-bearing debt/EBITDA before special  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.752em;top:15.1555em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:15.9055em;"><span class="stl_26 stl_13 stl_310">items.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:17.063em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0424em;">Equity ratio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:17.063em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0327em;">Equity’s share of total assets at end of year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8782em;top:17.063em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:18.2205em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">Investments, % of revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3007em;top:18.2205em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0411em;">Cash flow from investing activities, including assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.7526em;top:18.2205em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3007em;top:18.9705em;"><span class="stl_26 stl_13 stl_160" style="word-spacing:-0.0296em;">disposed of, in % of revenue.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:20.128em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">Net working capital, % of revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3008em;top:20.128em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">Inventories, trade receivables, other receivables and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.7526em;top:20.128em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3008em;top:20.878em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">prepayments less trade payables and other paya-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3008em;top:21.628em;"><span class="stl_26 stl_13 stl_148" style="word-spacing:-0.0298em;">bles in % of revenue.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:22.7855em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0345em;">Return on invested capital (ROIC)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3008em;top:22.7855em;"><span class="stl_26 stl_13 stl_156" style="word-spacing:-0.0267em;">EBIT for a rolling 12-month period less the Group’s  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.7526em;top:22.7855em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3008em;top:23.5355em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">expected long-term tax rate relative to the average  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3008em;top:24.2855em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">equity plus the average net interest-bearing debt.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:26.1836em;"><span class="stl_341 stl_08 stl_117" style="word-spacing:-0.0458em;">Share-related ratios  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:27.1124em;"><span class="stl_26 stl_13 stl_325" style="word-spacing:-0.0281em;">Earnings per share (EPS)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3008em;top:27.1124em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0315em;">Earnings per share for the year, calculated in accord-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8789em;top:27.1124em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3008em;top:27.8624em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">ance with IAS 33.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7264em;top:29.0199em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Diluted earnings per share (EPS-D)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3014em;top:29.0199em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0326em;">Diluted earnings per share, calculated in accordance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8795em;top:29.0199em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3014em;top:29.7699em;"><span class="stl_26 stl_13 stl_107" style="word-spacing:-0.0429em;">with IAS 33.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.727em;top:30.9274em;"><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0407em;">Cash flow per share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.302em;top:30.9274em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">Cash flow from operating activities relative to num-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.7539em;top:30.9274em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.302em;top:31.6774em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0323em;">ber of shares at end of year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.727em;top:32.8349em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Equity value per share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.302em;top:32.8349em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0311em;">Total equity relative to number of shares at end of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.7539em;top:32.8349em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.302em;top:33.5849em;"><span class="stl_26 stl_13 stl_195">year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.727em;top:34.7424em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Dividend per share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.302em;top:34.7424em;"><span class="stl_26 stl_13 stl_160" style="word-spacing:-0.0296em;">Dividend relative to number of shares at end of year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8801em;top:34.7424em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7276em;top:35.8999em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">Pay-out ratio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3026em;top:35.8999em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Dividend as a percentage of net profit/loss for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8808em;top:35.8999em;"><span class="stl_26 stl_13 stl_16">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3026em;top:36.6499em;"><span class="stl_26 stl_13 stl_195">year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7283em;top:37.8074em;"><span class="stl_26 stl_13 stl_18" style="word-spacing:-0.023em;">P/E ratio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3033em;top:37.8074em;"><span class="stl_26 stl_13 stl_160" style="word-spacing:-0.0295em;">Market price relative to earnings per share (EPS).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.7551em;top:37.8074em;"><span class="stl_26 stl_13 stl_16">X</span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:8.7532em;"><span class="stl_259 stl_08 stl_277" style="word-spacing:-0.0161em;">1.1 Basis of preparation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.0663em;"><span class="stl_26 stl_13 stl_248" style="word-spacing:-0.0306em;">The Group’s general accounting policies are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.8163em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0395em;">described below. In connection with this, specific  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.5663em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">accounting policies have been incorporated into  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.3163em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">each of the individual notes of the consolidated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.0663em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0411em;">financial statements.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.5663em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0389em;">The consolidated financial statements are pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.3163em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">sented in accordance with the International Finan-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.0663em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">cial Reporting Standards (IFRS), as adopted by  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.8163em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">the EU and additional requirements in the Danish  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.5663em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Financial Statements Act. The Group’s ultimate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3163em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0315em;">Parent company, Ambu A/S, is a public limited  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.0663em;"><span class="stl_26 stl_13 stl_148" style="word-spacing:-0.0298em;">company, domiciled in Denmark.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5663em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0332em;">The financial statements of the Parent company,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3163em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0402em;">Ambu </span><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0402em;">A/S</span><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0402em;">, are presented separately from the</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.0663em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">consolidated financial statements and can be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.8163em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">found on the last pages of this report. The Parent  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.5663em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.0321em;">company’s separate accounting policies are shown  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.3163em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">in conjunction with the financial statements of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.0663em;"><span class="stl_26 stl_13 stl_152" style="word-spacing:-0.0212em;">Parent company.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.5663em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">The accounting policies described below have  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.3163em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">been applied consistently in the preparation of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.0663em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">consolidated financial statements in the years pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8163em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">sented. The accounting policies have been applied  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.5663em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0316em;">consistently with prior year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.0588em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Basis of measurement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8163em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0389em;">The consolidated financial statements are pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.5663em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">sented in Danish kroner (DKK), which is also Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.3163em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">A/S’ functional currency. All amounts are rounded  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.0663em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0389em;">to the nearest million, unless otherwise stated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.8163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">The Annual Report has been prepared in accord-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.5663em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">ance with the historical cost principle, except for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.3163em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">derivative financial instruments and contingent  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.0663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">consideration for business combinations, which  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.8163em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0317em;">are measured at fair value.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.0588em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Applying materiality  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.8163em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">The consolidated financial statements are a result  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:11.5663em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">of processing large numbers of transactions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:12.3163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">and aggregating those transactions into classes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:13.0663em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">according to their nature or function. The transac-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:13.8163em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">tions are presented in classes of similar items in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:14.5663em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">the consolidated financial statements. If a line item  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:15.3163em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">is not individually material, it is aggregated with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.0663em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0322em;">other items of a similar nature in the consolidated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.8163em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">financial statements or in the notes.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:18.3163em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">There are substantial disclosure requirements  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.0663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">throughout IFRS. Management provides specific  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.8163em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">disclosure required by IFRS, unless the information  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:20.5663em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">is not applicable or considered immaterial to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:21.3163em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">economic decision-making of the users of these  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:22.0663em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">consolidated financial statements.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:23.5588em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Significant accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:24.3088em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0414em;">and judgments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.0663em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">The preparation of the consolidated financial state-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.8163em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">ments, in conformity with IFRS, requires the Man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:26.5663em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">agement to make estimates and assumptions that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:27.3163em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">can have a significant effect on the application of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.0663em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">policies and reported amounts of assets, liabilities,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.8163em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">income, expenses and related disclosures.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:30.3163em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">Management bases its estimates on historical  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.0663em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">experience and various other assumptions that are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.8163em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">believed to be reasonable in the circumstances,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:32.5663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0371em;">the results of which form the basis for making  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:33.3163em;"><span class="stl_26 stl_13 stl_14" style="word-spacing:-0.0427em;">judgements about the reported carrying amounts  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.0663em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">of assets and liabilities and the reported amounts  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.8163em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0326em;">of revenues and expenses that may not be readily  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:35.5663em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">apparent from other sources. Actual results could  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.3163em;"><span class="stl_26 stl_13 stl_96" style="word-spacing:-0.0433em;">differ from those estimates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.0663em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">The estimates and underlying assumptions are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.8163em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">reviewed on an ongoing basis. Changes in esti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:11.5663em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">mates may be necessary if there are changes in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:12.3163em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">circumstances on which the estimate was based,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.0663em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">or more detailed information becomes available.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.8163em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">Such changes are recognised in the period in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:14.5663em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">which the estimate is revised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.0663em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">The application of the Company’s accounting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.8163em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0331em;">policies may require Management to make judge-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:17.5663em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">ments that can have a significant effect on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:18.3163em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0375em;">amounts recognised in the financial statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.0663em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">Management’s judgement is required, in particu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.8163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">lar, when assessing the substance of transactions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:20.5663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">that have a complicated structure or legal form.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:21.3163em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">The significant accounting estimates and judge-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:22.0663em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0395em;">ments can potentially significantly impact the con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:22.8163em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">solidated financial statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:24.3163em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">The Group has assessed the impact of climate risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.0663em;"><span class="stl_26 stl_13 stl_304" style="word-spacing:-0.0421em;">on its financial reporting. The impact assessment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.8163em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">was primarily focused on the valuation and useful  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:26.5663em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">lives of intangible assets, tangible assets and the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:27.3163em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">identification and valuation of provisions and con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.0663em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0331em;">tingent liabilities, as these are judged to be the key  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.8163em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">areas that could be impacted by climate risks. No  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:29.5663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0371em;">material accounting impacts or changes to judge-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:30.3163em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0353em;">ments or other required disclosures were noted.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:31.8163em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">Management regards '2.2 Revenue' and '3.2 Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:32.5663em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">intangible assets' as the key accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:33.3163em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">and judgements used in preparation of the consol-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.0663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">idated financial statements. Please refer to these  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.8163em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0385em;">specific notes for further information on the key  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:35.5663em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">accounting estimates and judgements and the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:36.3163em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">assumptions applied.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.0588em;"><span class="stl_341 stl_08 stl_465" style="word-spacing:-0.0391em;">Adoption of new or amended IFRSs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.8163em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">Management has assessed the impact of new  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:11.5663em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">or amended and revised accounting standards  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:12.3163em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">and interpretations issued by IASB and IFRSs,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:13.0663em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">endorsed by the European Union, effective on or  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:13.8163em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">after 1 October 2022.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:15.3163em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">The following amendments have been adopted, as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:16.0663em;"><span class="stl_26 stl_13 stl_159" style="word-spacing:-0.0289em;">of 1 October 2022:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:17.5663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">• Amendments to IFRS 3 “Business Combinations”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:19.0663em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">• Amendments to IAS 16 “Property, Plant and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.2175em;top:19.8163em;"><span class="stl_26 stl_13 stl_349">Equipment”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:21.3163em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">• Amendments to IAS 37 “Provisions, Contingent  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.2175em;top:22.0663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Liabilities and Contingent Assets”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:23.5663em;"><span class="stl_26 stl_13 stl_121" style="word-spacing:-0.0288em;">• Annual Improvements to IFRS Standards 2018-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.2175em;top:24.3163em;z-index:5192;"><span class="stl_26 stl_13 stl_16" style="word-spacing:0.0001em;">2020 (IFRS 1, IFRS 9, IFRS 16 and IAS 41)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:25.8163em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">The amendments listed above did not have any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:26.5663em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0379em;">impact on the amounts recognised in prior period  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:27.3163em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0377em;">and current period, and are not expected to signifi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:28.0663em;"><span class="stl_26 stl_13 stl_265" style="word-spacing:-0.0467em;">cantly affect future periods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:29.5588em;"><span class="stl_341 stl_08 stl_28" style="word-spacing:-0.0401em;">Standards not yet adopted  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:30.3163em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">IASB has issued new or amended accounting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.0663em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">standards and interpretations that have not yet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.8163em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">become effective and have consequently not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:32.5663em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">been implemented in the consolidated financial  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:33.3163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">statements for 2022/23. Management expects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.0663em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0357em;">to adopt the accounting standards and interpre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.8163em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0353em;">tations as they become mandatory. None of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:35.5663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">new or amended standards or interpretations are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:36.3163em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">expected to have a significant impact on the con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:37.0663em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">solidated financial statements.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.0529em;"><span class="stl_341 stl_08 stl_317" style="word-spacing:-0.0438em;">Reporting under the ESEF regulation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.8104em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">With securities listed on a regulated market within  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.5604em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">the EU, Ambu is required to prepare the Annual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.3104em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0375em;">Report using a combination of the HTML format  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.0604em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">and tagging the primary consolidated financial  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">statements using iXBRL (Inline eXtensible Busi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.5604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">ness Reporting Language).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.0604em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0323em;">The Group’s iXBRL tags have been prepared in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.8104em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0313em;">accordance with the ESEF taxonomy, which is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.5604em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0326em;">included in the ESEF regulation and developed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3104em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">based on the IFRS taxonomy, published by the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.0604em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">IFRS Foundation.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5604em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">The line items in the consolidated financial state-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3104em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0403em;">ments are tagged to elements in the ESEF taxon-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.0604em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">omy. For financial line items that are not directly  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.8104em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">defined in the ESEF taxonomy, an extension to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.5604em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">the taxonomy has been created. Extensions are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.3104em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0326em;">anchored to elements in the ESEF taxonomy,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.0604em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">except for extensions that are subtotals.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.5604em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">The Annual Report submitted to the Danish Finan-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.3104em;"><span class="stl_26 stl_13 stl_501" style="word-spacing:-0.0437em;">cial Supervisory Authority (the Officially Appointed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.0604em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0316em;">Mechanism) is included in the zip file AMBU-2023-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8104em;"><span class="stl_26 stl_13 stl_50">09-30-en.zip.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.3029em;"><span class="stl_341 stl_08 stl_54" style="word-spacing:-0.0375em;">Principles of consolidation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.0604em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">The consolidated financial statements comprise  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8104em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0407em;">Ambu A/S and companies in which Ambu A/S has  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.5604em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">a controlling interest. Control is deemed to be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.3104em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">obtained if Ambu A/S owns more than 50% of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.0604em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0375em;">voting rights, or if Ambu A/S in any other way has a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.8104em;"><span class="stl_26 stl_13 stl_159" style="word-spacing:-0.029em;">controlling interest in the company.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.3104em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">The subsidiaries’ financial statements are adjusted  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.0604em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">if necessary to ensure that their accounting poli-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.8104em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">cies are consistent with those of the rest of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:38.5604em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Group. All intercompany transactions, balances,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.0604em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">income and expenses are fully eliminated on con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.8104em;"><span class="stl_26 stl_13 stl_200">solidation.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:12.3029em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Foreign currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:13.0604em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">A functional currency is determined for each com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:13.8104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">pany in the Ambu group. The functional currency  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:14.5604em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0395em;">is the currency used in the primary economic  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:15.3104em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">environment in which the individual subsidiary  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.0604em;"><span class="stl_26 stl_13 stl_267">operates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:17.5604em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">Transactions in foreign currencies are translated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:18.3104em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">to the functional currency using the exchange  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.0604em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0363em;">rate applicable at the transaction date. Foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.8104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">exchange gains and losses in connection with the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:20.5604em;"><span class="stl_26 stl_13 stl_14" style="word-spacing:-0.0425em;">settlement of these transactions and the transla-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:21.3104em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">tion of monetary assets and liabilities in foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:22.0604em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">currencies at the exchange rates applicable at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:22.8104em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">balance sheet date are recognised in the income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:23.5604em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">statement under net financials.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.0604em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">Receivables, payables and other monetary items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.8104em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">denominated in foreign currencies are translated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:26.5604em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">to the functional currency at the exchange rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:27.3104em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">applicable at the balance sheet date. The differ-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.0604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">ence between the exchange rate applicable at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.8104em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">balance sheet date and the exchange rate applica-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:29.5604em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">ble at the date on which the receivable or payable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:30.3104em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">occurred or the exchange rate stated in the most  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.0604em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">recent annual report, is recognised in the income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.8104em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">statement under net financials.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:33.3104em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">The financial statements of subsidiaries with a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.0604em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">functional currency other than DKK are translated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.8104em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">to Danish kroner at the exchange rates for balance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:35.5604em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0337em;">sheet items, applicable at the balance sheet date,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.3104em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">and at average exchange rates, as far as income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:37.0604em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">statement items are concerned. Exchange rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:37.8104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">differences arising from the translation of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:38.5604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">net assets of such subsidiaries at the beginning  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:39.3104em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">of the year, using the exchange rates applicable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.0604em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">at the balance sheet date and the translation of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.8104em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">income statement items from the exchange rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:11.5604em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">applicable at the transaction date to the exchange  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:12.3104em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">rates applicable at the balance sheet date, are rec-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.0604em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">ognised in other comprehensive income and pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.8104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">sented as a separate reserve for foreign currency  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:14.5604em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">translation adjustments under equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.0529em;"><span class="stl_341 stl_08 stl_304" style="word-spacing:-0.0422em;">Income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.8104em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">Income and expenses are recognised according  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:17.5604em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">to the accruals concept. The income statement is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:18.3104em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">presented by functions where the respective cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.0604em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">impacts the function to which the cost is deemed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.8104em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0317em;">related to. The Group’s functions are divided into  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:20.5604em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">production, sales and distribution, development,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:21.3104em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">as well as management and administrative costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:22.806em;"><span class="stl_578 stl_94 stl_635" style="word-spacing:-0.0477em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:23.5604em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">Production costs comprise costs incurred in gen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:24.3104em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">erating the revenue for the year. Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.0604em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">include direct and indirect costs for raw materials  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.8104em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">and consumables, freight costs incurred in con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:26.5604em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">nection with the purchase of commodities, etc.,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:27.3104em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">production wages and salaries for support func-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.0604em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">tions and factory management, as well as depre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.8104em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0323em;">ciation and impairment of plant and depreciation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:29.5604em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">of leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:31.056em;"><span class="stl_578 stl_94 stl_492" style="word-spacing:-0.0443em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:31.8104em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0401em;">Selling and distribution costs comprise costs for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:32.5604em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">sales staff, advertising and exhibitions, depreci-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:33.3104em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">ation, impairment and operation of central ware-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.0604em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">houses, as well as all costs relating to the transport  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.8104em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">of goods from the Group’s factories to customers.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:36.306em;"><span class="stl_578 stl_94 stl_29" style="word-spacing:-0.041em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:37.0604em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0395em;">Development costs comprise salaries and costs,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:37.8104em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">which, directly or indirectly, can be attributed to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:38.5604em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">product improvements and the development of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:39.3104em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">new products which do not meet the criteria for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.0604em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">capitalisation of an internally-,generated devel-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.8104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">opment project. In addition, the amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:11.5604em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">impairment of capitalised development costs as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:12.3104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">well as amortisation of rights and acquired tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:13.0604em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">nologies, are recognised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:14.556em;"><span class="stl_578 stl_94 stl_96" style="word-spacing:-0.0434em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:15.3104em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Administrative costs comprise expenses incurred  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:16.0604em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">for management and administration, including  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:16.8104em;"><span class="stl_26 stl_13 stl_317" style="word-spacing:-0.0438em;">expenses for the administrative staff, office prem-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:17.5604em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">ises and office expenses, as well as amortisation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:18.3104em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">and impairment and depreciation of leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:19.8029em;"><span class="stl_341 stl_08 stl_359" style="word-spacing:-0.047em;">Cash flow statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:20.5604em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">The cash flow statement has been prepared on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:21.3104em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">the basis of the indirect method and shows the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:22.0604em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0345em;">Group’s cash flows from operating, investing and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:22.8104em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">financing activities for the year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:24.3104em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0397em;">Leases are considered to be non-cash transac-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:25.0604em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">tions. Cash flows relating to assets held under  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:25.8104em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">leases are recognised as payment of interest and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:26.5604em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0401em;">repayment of debt. Cash flow from financing activ-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:27.3104em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">ities comprises changes to the size or composition  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:28.0604em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">of share capital and costs incidental thereto, as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:28.8104em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">well as the arrangement of loans, the repayment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:29.5604em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">of interest-bearing debt, the purchase and sale of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:30.3104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">treasury shares and the payment of dividend to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.0604em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">Group’s shareholders.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:32.5604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Cash flow denominated in currencies other than  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:33.3104em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">Danish kroner (DKK) is translated using average  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.0604em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">exchange rates, unless such rates deviate mate-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.8104em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">rially from the exchange rates applicable on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:35.5604em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0401em;">transaction date.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.5663em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0389em;">The consolidated financial statements are pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.3163em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">sented in accordance with the International Finan-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.0663em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">cial Reporting Standards (IFRS), as adopted by  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.8163em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">the EU and additional requirements in the Danish  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.5663em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Financial Statements Act. The Group’s ultimate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3163em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0315em;">Parent company, Ambu A/S, is a public limited  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.0663em;"><span class="stl_26 stl_13 stl_148" style="word-spacing:-0.0298em;">company, domiciled in Denmark.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.0588em;"><span class="stl_341 stl_08 stl_465" style="word-spacing:-0.0391em;">Adoption of new or amended IFRSs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.8163em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">Management has assessed the impact of new  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:11.5663em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">or amended and revised accounting standards  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:12.3163em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">and interpretations issued by IASB and IFRSs,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:13.0663em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">endorsed by the European Union, effective on or  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:13.8163em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">after 1 October 2022.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:15.3163em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">The following amendments have been adopted, as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:16.0663em;"><span class="stl_26 stl_13 stl_159" style="word-spacing:-0.0289em;">of 1 October 2022:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:17.5663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">• Amendments to IFRS 3 “Business Combinations”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:19.0663em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">• Amendments to IAS 16 “Property, Plant and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.2175em;top:19.8163em;"><span class="stl_26 stl_13 stl_349">Equipment”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:21.3163em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">• Amendments to IAS 37 “Provisions, Contingent  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.2175em;top:22.0663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Liabilities and Contingent Assets”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:23.5663em;"><span class="stl_26 stl_13 stl_121" style="word-spacing:-0.0288em;">• Annual Improvements to IFRS Standards 2018-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.2175em;top:24.3163em;z-index:5192;"><span class="stl_26 stl_13 stl_16" style="word-spacing:0.0001em;">2020 (IFRS 1, IFRS 9, IFRS 16 and IAS 41)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:25.8163em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">The amendments listed above did not have any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:26.5663em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0379em;">impact on the amounts recognised in prior period  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:27.3163em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0377em;">and current period, and are not expected to signifi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:28.0663em;"><span class="stl_26 stl_13 stl_265" style="word-spacing:-0.0467em;">cantly affect future periods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:29.5588em;"><span class="stl_341 stl_08 stl_28" style="word-spacing:-0.0401em;">Standards not yet adopted  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:30.3163em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">IASB has issued new or amended accounting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.0663em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">standards and interpretations that have not yet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.8163em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">become effective and have consequently not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:32.5663em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">been implemented in the consolidated financial  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:33.3163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">statements for 2022/23. Management expects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.0663em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0357em;">to adopt the accounting standards and interpre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.8163em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0353em;">tations as they become mandatory. None of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:35.5663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">new or amended standards or interpretations are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:36.3163em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">expected to have a significant impact on the con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:37.0663em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">solidated financial statements.  </span></div> A/S <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:23.5588em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Significant accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:24.3088em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0414em;">and judgments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.0663em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">The preparation of the consolidated financial state-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.8163em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">ments, in conformity with IFRS, requires the Man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:26.5663em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">agement to make estimates and assumptions that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:27.3163em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">can have a significant effect on the application of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.0663em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">policies and reported amounts of assets, liabilities,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.8163em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">income, expenses and related disclosures.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:30.3163em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">Management bases its estimates on historical  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.0663em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">experience and various other assumptions that are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.8163em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">believed to be reasonable in the circumstances,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:32.5663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0371em;">the results of which form the basis for making  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:33.3163em;"><span class="stl_26 stl_13 stl_14" style="word-spacing:-0.0427em;">judgements about the reported carrying amounts  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.0663em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">of assets and liabilities and the reported amounts  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.8163em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0326em;">of revenues and expenses that may not be readily  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:35.5663em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">apparent from other sources. Actual results could  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.3163em;"><span class="stl_26 stl_13 stl_96" style="word-spacing:-0.0433em;">differ from those estimates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.0663em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">The estimates and underlying assumptions are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.8163em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">reviewed on an ongoing basis. Changes in esti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:11.5663em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">mates may be necessary if there are changes in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:12.3163em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">circumstances on which the estimate was based,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.0663em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">or more detailed information becomes available.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.8163em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">Such changes are recognised in the period in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:14.5663em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">which the estimate is revised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.0663em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">The application of the Company’s accounting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.8163em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0331em;">policies may require Management to make judge-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:17.5663em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">ments that can have a significant effect on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:18.3163em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0375em;">amounts recognised in the financial statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.0663em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">Management’s judgement is required, in particu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.8163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">lar, when assessing the substance of transactions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:20.5663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">that have a complicated structure or legal form.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:21.3163em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">The significant accounting estimates and judge-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:22.0663em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0395em;">ments can potentially significantly impact the con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:22.8163em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">solidated financial statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:24.3163em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">The Group has assessed the impact of climate risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.0663em;"><span class="stl_26 stl_13 stl_304" style="word-spacing:-0.0421em;">on its financial reporting. The impact assessment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.8163em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">was primarily focused on the valuation and useful  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:26.5663em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">lives of intangible assets, tangible assets and the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:27.3163em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">identification and valuation of provisions and con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.0663em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0331em;">tingent liabilities, as these are judged to be the key  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.8163em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">areas that could be impacted by climate risks. No  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:29.5663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0371em;">material accounting impacts or changes to judge-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:30.3163em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0353em;">ments or other required disclosures were noted.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:31.8163em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">Management regards '2.2 Revenue' and '3.2 Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:32.5663em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">intangible assets' as the key accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:33.3163em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">and judgements used in preparation of the consol-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.0663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">idated financial statements. Please refer to these  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.8163em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0385em;">specific notes for further information on the key  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:35.5663em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">accounting estimates and judgements and the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:36.3163em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">assumptions applied.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0312em;"><span class="stl_341 stl_08 stl_50" style="word-spacing:-0.0412em;">! Material accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7843em;"><span class="stl_578 stl_94 stl_317" style="word-spacing:-0.0437em;">Price adjustments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Price adjustments are offset against trade receivables and primarily concern sales in the USA. Price  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">adjustments in the US market are subject to estimation uncertainty, as the actual price adjustment is not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">determined until the dealer’s sale to the end-customer (hospitals, clinics, etc.). Price adjustments are the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0389em;">difference between the price agreed upon with the end-customer and the dealer’s list price. Price adjust-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">ments in the amount of DKK 54m (DKK 56m) were recognised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5312em;"><span class="stl_341 stl_08 stl_50" style="word-spacing:-0.0412em;">! Material accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2843em;"><span class="stl_578 stl_94 stl_267" style="word-spacing:-0.0415em;">Impairment testing of acquired technologies recognised in connection with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">The Management performs an annual assessment of whether internal or external indications of impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">ment of the identified intangible assets exist. If there is any indication of impairment, an impairment test is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_598" style="word-spacing:-0.0451em;">carried out.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">In an impairment test, significant estimates and assessments are made of future events, which may have a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">significant impact on the Group’s operating profit (EBIT) and financial position if the planned events devi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">ate from the Management’s best estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">The combined recoverable amount of each tested technology classified as acquired technology, or a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">development project, is determined on the basis of its value-in-use, calculated using certain key assump-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">tions per technology, i.e., revenue growth, royalty rate and discount rate. The value-in-use cash flow  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">projections for the individual endoscope technologies pertaining to 'colonoscopy', 'gastroscopy' and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">'duodenoscopy' are based on the Company's five-year business plan and a growth rate to extrapolate the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">revenue in the remaining useful lifetime of the technology. The valuation model applied for determining  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">the recoverable amounts is the relief-from-royalty model, assuming a pre-tax discount rate of 12.8% p.a.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_26 stl_13 stl_157" style="word-spacing:-0.025em;">(10.0% p.a. net of tax), except for 'colonoscopy', which is based on a pre-tax discount rate of 15.4% p.a.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_26 stl_13 stl_307" style="word-spacing:-0.0115em;">(12.0% p.a. net of tax).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5387em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0312em;">The impairment test made on ‘colonoscopy’, ‘gastroscopy’ and ‘duodenoscopy’ did not result in indication  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">of impairment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0315em;">As of 30 September 2023, the recoverable amount for ‘duodenoscopy’ of DKK 540m (DKK 435m) exceeds  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.5387em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">the carrying amount by DKK </span><span class="stl_26 stl_13 stl_57">1</span><span class="stl_26 stl_13 stl_223" style="word-spacing:-0.0276em;">16m (DKK 19m), which has reduced the sensitivity, compared to the analy-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.2887em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0335em;">ses carried out last year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.7887em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">If a discount rate of 12.0% p.a. net of tax had been applied, instead of 10.0%, the carrying amount would  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.5387em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">no longer exceed the recoverable amount, whereas last year, the carrying amount exceeded the recov-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.2887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">erable amount by DKK 36m. Furthermore, if a 20% royalty rate had been applied throughout the period,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.0387em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0337em;">instead of 25%, the carrying amount would level with the recoverable amount, whereas, last year, the car-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.7887em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">rying amount exceeded the recoverable amount by DKK 82m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">The development is mainly impacted by an increased penetration of the addressable market, as well as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.0387em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Management’s new strategy of applying a focussed approach to lead and drive the market creation.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:29.5588em;"><span class="stl_341 stl_08 stl_28" style="word-spacing:-0.0401em;">Standards not yet adopted  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:30.3163em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">IASB has issued new or amended accounting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.0663em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">standards and interpretations that have not yet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.8163em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">become effective and have consequently not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:32.5663em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">been implemented in the consolidated financial  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:33.3163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">statements for 2022/23. Management expects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.0663em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0357em;">to adopt the accounting standards and interpre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.8163em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0353em;">tations as they become mandatory. None of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:35.5663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">new or amended standards or interpretations are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:36.3163em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">expected to have a significant impact on the con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:37.0663em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">solidated financial statements.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.0588em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Basis of measurement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8163em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0389em;">The consolidated financial statements are pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.5663em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">sented in Danish kroner (DKK), which is also Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.3163em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">A/S’ functional currency. All amounts are rounded  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.0663em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0389em;">to the nearest million, unless otherwise stated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.8163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">The Annual Report has been prepared in accord-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.5663em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">ance with the historical cost principle, except for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.3163em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">derivative financial instruments and contingent  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.0663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">consideration for business combinations, which  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.8163em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0317em;">are measured at fair value.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.0588em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Basis of measurement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8163em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0389em;">The consolidated financial statements are pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.5663em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">sented in Danish kroner (DKK), which is also Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.3163em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">A/S’ functional currency. All amounts are rounded  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.0663em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0389em;">to the nearest million, unless otherwise stated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.8163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">The Annual Report has been prepared in accord-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.5663em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">ance with the historical cost principle, except for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.3163em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">derivative financial instruments and contingent  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.0663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">consideration for business combinations, which  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.8163em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0317em;">are measured at fair value.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:23.5588em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Significant accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:24.3088em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0414em;">and judgments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.0663em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">The preparation of the consolidated financial state-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.8163em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">ments, in conformity with IFRS, requires the Man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:26.5663em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">agement to make estimates and assumptions that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:27.3163em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">can have a significant effect on the application of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.0663em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">policies and reported amounts of assets, liabilities,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.8163em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">income, expenses and related disclosures.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:30.3163em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">Management bases its estimates on historical  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.0663em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">experience and various other assumptions that are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.8163em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">believed to be reasonable in the circumstances,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:32.5663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0371em;">the results of which form the basis for making  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:33.3163em;"><span class="stl_26 stl_13 stl_14" style="word-spacing:-0.0427em;">judgements about the reported carrying amounts  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.0663em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">of assets and liabilities and the reported amounts  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.8163em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0326em;">of revenues and expenses that may not be readily  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:35.5663em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">apparent from other sources. Actual results could  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.3163em;"><span class="stl_26 stl_13 stl_96" style="word-spacing:-0.0433em;">differ from those estimates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.0663em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">The estimates and underlying assumptions are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.8163em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">reviewed on an ongoing basis. Changes in esti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:11.5663em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">mates may be necessary if there are changes in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:12.3163em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">circumstances on which the estimate was based,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.0663em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">or more detailed information becomes available.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.8163em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">Such changes are recognised in the period in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:14.5663em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">which the estimate is revised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.0663em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">The application of the Company’s accounting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.8163em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0331em;">policies may require Management to make judge-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:17.5663em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">ments that can have a significant effect on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:18.3163em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0375em;">amounts recognised in the financial statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.0663em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">Management’s judgement is required, in particu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.8163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">lar, when assessing the substance of transactions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:20.5663em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">that have a complicated structure or legal form.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:21.3163em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">The significant accounting estimates and judge-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:22.0663em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0395em;">ments can potentially significantly impact the con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:22.8163em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">solidated financial statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:24.3163em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">The Group has assessed the impact of climate risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.0663em;"><span class="stl_26 stl_13 stl_304" style="word-spacing:-0.0421em;">on its financial reporting. The impact assessment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.8163em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">was primarily focused on the valuation and useful  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:26.5663em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">lives of intangible assets, tangible assets and the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:27.3163em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">identification and valuation of provisions and con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.0663em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0331em;">tingent liabilities, as these are judged to be the key  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.8163em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">areas that could be impacted by climate risks. No  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:29.5663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0371em;">material accounting impacts or changes to judge-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:30.3163em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0353em;">ments or other required disclosures were noted.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:31.8163em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">Management regards '2.2 Revenue' and '3.2 Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:32.5663em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">intangible assets' as the key accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:33.3163em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">and judgements used in preparation of the consol-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.0663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">idated financial statements. Please refer to these  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.8163em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0385em;">specific notes for further information on the key  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:35.5663em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">accounting estimates and judgements and the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:36.3163em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">assumptions applied.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:12.3029em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Foreign currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:13.0604em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">A functional currency is determined for each com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:13.8104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">pany in the Ambu group. The functional currency  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:14.5604em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0395em;">is the currency used in the primary economic  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:15.3104em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">environment in which the individual subsidiary  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.0604em;"><span class="stl_26 stl_13 stl_267">operates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:17.5604em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">Transactions in foreign currencies are translated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:18.3104em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">to the functional currency using the exchange  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.0604em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0363em;">rate applicable at the transaction date. Foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.8104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">exchange gains and losses in connection with the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:20.5604em;"><span class="stl_26 stl_13 stl_14" style="word-spacing:-0.0425em;">settlement of these transactions and the transla-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:21.3104em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">tion of monetary assets and liabilities in foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:22.0604em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">currencies at the exchange rates applicable at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:22.8104em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">balance sheet date are recognised in the income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:23.5604em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">statement under net financials.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.0604em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">Receivables, payables and other monetary items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.8104em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">denominated in foreign currencies are translated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:26.5604em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">to the functional currency at the exchange rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:27.3104em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">applicable at the balance sheet date. The differ-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.0604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">ence between the exchange rate applicable at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.8104em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">balance sheet date and the exchange rate applica-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:29.5604em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">ble at the date on which the receivable or payable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:30.3104em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">occurred or the exchange rate stated in the most  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.0604em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">recent annual report, is recognised in the income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.8104em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">statement under net financials.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:33.3104em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">The financial statements of subsidiaries with a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.0604em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">functional currency other than DKK are translated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.8104em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">to Danish kroner at the exchange rates for balance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:35.5604em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0337em;">sheet items, applicable at the balance sheet date,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.3104em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">and at average exchange rates, as far as income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:37.0604em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">statement items are concerned. Exchange rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:37.8104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">differences arising from the translation of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:38.5604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">net assets of such subsidiaries at the beginning  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:39.3104em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">of the year, using the exchange rates applicable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.0604em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">at the balance sheet date and the translation of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.8104em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">income statement items from the exchange rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:11.5604em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">applicable at the transaction date to the exchange  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:12.3104em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">rates applicable at the balance sheet date, are rec-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.0604em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">ognised in other comprehensive income and pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.8104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">sented as a separate reserve for foreign currency  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:14.5604em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">translation adjustments under equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5312em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">Revenue from the sale of goods is recognised in the income statement when all performance obligations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0301em;">have been fulfilled. Revenue is measured at the fair value of the agreed consideration, exclusive of VAT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">and taxes collected on behalf of a third party. At the time of recognition of income, a number of price  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0365em;">adjustments are also estimated. These are recognised as a reduction to revenue.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.2075em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.9649em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Staff costs comprise remuneration, wages and salaries, pension contributions, etc., and share-based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:31.7149em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">payment to the company’s employees, including termination benefits. The Group has no defined benefit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:32.465em;"><span class="stl_26 stl_13 stl_59">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:30.9524em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:31.7099em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">For a description of accounting policies, reference is made to notes 3.1, 3.2 and 3.3.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.1425em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.9em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0395em;">Special items comprise costs or income that cannot be attributed directly to the Group's ordinary activi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.65em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">ties and are non-recuring in nature. Such costs include the cost related to significant restructuring of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">cost base and processes, as well as restructuring costs related to resignation of employees. Further spe-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.15em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">cial items include redundancy costs related to the Group's Management and impairment of assets.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.1699em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.9274em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">The tax for the year, which consists of current tax and changes in deferred tax, is recognised in the income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:28.6774em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">statement, with the portion attributable to the profit for the year, and in other comprehensive income, with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:29.4274em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">the portion attributable to amounts recognised directly in other comprehensive income and in equity with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.1774em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">the portion attributable to amounts recognised directly in equity. The tax effect of share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.9274em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">is included in tax on profit for the year with the portion attributable to the Group’s deductible share of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:31.6774em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">cost from the Black-Scholes or other applied valuation model, and the remaining tax effect is included in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:32.4274em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">equity. Tax is provided on the basis of the tax rules and tax rates applicable in the individual countries.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_48" style="word-spacing:-0.0395em;">2.8 Deferred tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5788em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.0249em;"><span class="stl_26 stl_13 stl_107" style="word-spacing:-0.0429em;">Deferred tax at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4588em;top:12.0249em;"><span class="stl_26 stl_13 stl_364">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7588em;top:12.0249em;"><span class="stl_26 stl_13 stl_868">-24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.8756em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8894em;top:12.8756em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.1413em;top:12.8756em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.7262em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">Deferred tax on share-based payment recognised in equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5013em;top:13.7262em;"><span class="stl_26 stl_13 stl_162">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:13.7262em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.5768em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">Deferred tax for the year recognised in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7157em;top:14.5768em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7288em;top:14.5768em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.4274em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Adjustment in respect of previous years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.825em;top:15.4274em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9894em;top:15.4274em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.2706em;"><span class="stl_341 stl_08 stl_107" style="word-spacing:-0.0428em;">Deferred tax at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:16.2706em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:16.2706em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:17.6093em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.0431em;">Deferred tax relates to:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.4674em;"><span class="stl_26 stl_13 stl_525" style="word-spacing:-0.0417em;">Intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:18.4674em;"><span class="stl_26 stl_13 stl_97">383  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5432em;top:18.4674em;"><span class="stl_26 stl_13 stl_467">438  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.318em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.685em;top:19.318em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.95em;top:19.318em;"><span class="stl_26 stl_13 stl_428">24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.1687em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.0431em;">Current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4588em;top:20.1687em;"><span class="stl_26 stl_13 stl_364">-54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7288em;top:20.1687em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.0193em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">Deferred tax on share-based payment recognised in equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:21.0193em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:21.0193em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.8699em;"><span class="stl_26 stl_13 stl_32">Provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6769em;top:21.8699em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:21.8699em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.7205em;"><span class="stl_26 stl_13 stl_564">Payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5563em;top:22.7205em;"><span class="stl_26 stl_13 stl_441">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7575em;top:22.7205em;"><span class="stl_26 stl_13 stl_387">-21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.5712em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Tax loss carry-forwards  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0869em;top:23.5712em;"><span class="stl_26 stl_13 stl_68">-447  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3644em;top:23.5712em;"><span class="stl_26 stl_13 stl_376">-473  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:24.4143em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:24.4143em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:25.753em;"><span class="stl_341 stl_08 stl_465" style="word-spacing:-0.0389em;">Classified in the balance sheet as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:26.6112em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.0431em;">Deferred tax asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.45em;top:26.6112em;"><span class="stl_26 stl_13 stl_839">-85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7719em;top:26.6112em;"><span class="stl_26 stl_13 stl_385">-70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.4618em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0431em;">Deferred tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:27.4618em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:27.4618em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3763em;top:28.3049em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6244em;top:28.3049em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.7299em;"><span class="stl_578 stl_94 stl_88" style="word-spacing:-0.0339em;">Tax losses in the group  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.4843em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0401em;">In recognising tax loss carry-forwards in Denmark, the Management has assessed whether convinc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.2343em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">ing evidence was present, as the Group has a history of recent losses in Denmark, which is due to high  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.9843em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0315em;">investment levels, low residual profit earned in the Parent company, as a consequence of the arm's length  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.7343em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">mechanism in the OECD Principal-model and tax deductibility of employees' share-based payments.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.2343em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Tax loss carry-forwards in Denmark, totalling DKK 440m (DKK 473m), were recognised at year-end. The tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.9843em;"><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0405em;">loss carry-forwards are recognised on the basis of budgets and strategy plans for the individual activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.7343em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">approved by the Management, incuding tax planning opportunities that will advance the taxable profit.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.4843em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">Estimates and assessments of future taxable income are thus consistent with the basis for the impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.2343em;"><span class="stl_26 stl_13 stl_500" style="word-spacing:-0.0488em;">tests carried out.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4812em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2387em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">Deferred tax is measured under the balance sheet liability method, on the basis of all temporary differ-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9887em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">ences between the carrying amount and tax base of assets and liabilities. Deferred tax is not recognised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7387em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">on temporary differences resulting from the initial recognition of goodwill. Deferred tax assets, including  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4887em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">the tax base of tax loss carry-forwards, are recognised under other non-current assets at the expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2387em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">usable value, either as a set-off against tax on future income, or as a set-off against deferred tax liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9887em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0371em;">in the same legal tax entity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4887em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Adjustment is made of deferred tax in relation to eliminations made regarding unrealised intercompany  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2387em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">profits and losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7387em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">The value of deductible temporary differences is recognised to the extent that the Management, on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4887em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">basis of budgets, business plans, etc., is able to render it probable that the value can be offset against  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">temporary deferred tax liabilities or against future taxable income. Tax losses are recognised to the extent  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9887em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">that the Management can render it probable that these can be offset against future taxable income.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4887em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Deferred tax is calculated on share-based payments to the extent that the individual scheme is deductible  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2387em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">for the Group. Deferred tax is calculated as the difference between the value of the share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">at the time of allocation and the fair value, whichever is higher. Deferred tax assets from share-based pay-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7387em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0375em;">ment schemes are recognised proportionately over the vesting period. The tax asset is recognised in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.4887em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">income statement at a value corresponding to the tax deduction for the scheme-related costs recognised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.2387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">in the income statement. Any additional values are recognised directly in equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7387em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Deferred tax is measured on the basis of the taxation rules and tax rates, which, pursuant to the legislation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4887em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">in force at the balance sheet date, will apply in the individual countries at the time when the deferred tax is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2387em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">expected to become payable as current tax. Changes in deferred tax resulting from changes in tax rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.9887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">are recognised in the income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.6405em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.398em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">Earnings per share are presented as both earnings per share and diluted earnings per share. Earnings per  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.148em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">share are calculated as the net profit for the year, divided by the average number of outstanding shares.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.898em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">Diluted earnings per share are calculated as the net profit for the year, divided by the sum of the average  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.648em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">number of outstanding shares, including the dilutive effect of outstanding share-based payment settled  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.398em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">in shares that are ‘in the money’. The dilutive effect of share-based payment that are ‘in the money’ is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.148em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">calculated as the difference between the number of shares that could be acquired at fair value for the pro-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.898em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">ceeds from the exercise of the share-based payment offset, against the share of the granted fair value of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.648em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">the share-based payment not yet recognised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.478em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifiable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9855em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">net assets of the acquired company. Subsequently, goodwill is measured at cost less accumulated impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7355em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">ment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2355em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to ben-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9855em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0308em;">efit from the business combination; however, not to a level lower than the segment level and the level at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">which goodwill is monitored as part of the internal financial management. The Management has identified  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4855em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">one operating segment being the whole Group, to which goodwill is allocated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9855em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">The carrying amount of goodwill is tested for impairment, together with the other non-current assets of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7355em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">the cash-generating unit, to which goodwill has been allocated (being the whole Group) and is impaired to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4855em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">the recoverable amount in the income statement, if the carrying amount is higher. Impairment of goodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2355em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">is recognised as a separate item in the income statement. Goodwill is tested annually for impairment, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9855em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">first time being by the end of the year of recognition, in connection with a business combination.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4855em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Impairment of goodwill is not reversed. Impairment of other assets is reversed, in so far as the assump-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2355em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">tions and estimates, on the basis of which the impairment is made, have been changed. Impairments are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9855em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">only reversed, in so far as the new carrying amount of the asset does not exceed the carrying amount of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7355em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">the asset after amortisation, had the asset not been impaired.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5312em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Land and buildings, plant and machinery and other plant, fixtures and fittings, tools and equipment are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">measured at cost, deducted by accumulated depreciation and impairment losses. Cost comprises the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">acquisition price and any costs directly attributable to the acquisition until the date when the asset is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">ready for use. The cost of a total asset is divided into separate elements, which are depreciated individu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">ally when the useful lives of the individual elements differ.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">The basis of depreciation is calculated in consideration of the residual value of the asset and is reduced  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0331em;">by impairment losses, if any. The residual value is fixed at the date of acquisition and is subject to annual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">review. When the residual value exceeds the carrying amount of the asset, depreciation will no longer take  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">place. In connection with changes in the depreciation period or the residual value, the effect of deprecia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">tion is recognised in future as a change in the accounting estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">The carrying amount of property, plant and equipment is assessed on an annual basis to establish  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">whether there is any indication of impairment. When such indication exists, an impairment test is per-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">formed. An impairment loss is recognised when the carrying amount of an asset exceeds the recoverable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">amount of the asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Property, plant and equipment are depreciated according to the straight-line method over the expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">useful lives of the assets/components as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_26 stl_13 stl_32">Buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.6369em;top:26.2887em;"><span class="stl_26 stl_13 stl_304" style="word-spacing:-0.0422em;">10-40 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.0387em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">Building installations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.6413em;top:27.0387em;"><span class="stl_26 stl_13 stl_21" style="word-spacing:-0.018em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.1275em;top:27.7887em;"><span class="stl_26 stl_13 stl_161" style="word-spacing:0.0086em;">2-10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.5387em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.041em;">Other fixtures and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3857em;top:28.5387em;"><span class="stl_26 stl_13 stl_77" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.0387em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">Land is not depreciated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.5387em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Depreciation is recognised in the income statement under production costs, selling and distribution  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.2887em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">costs, development costs or management and administrative expenses, as appropriate. See note 2.4.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4309em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.1884em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Lease assets are ‘right-of-use assets’, which is a contract or part of a contract that conveys the leasee’s  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9384em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">right to use an asset for a period of time. At the commencement date, the Group recognises a lease liabil-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.6884em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">ity and a corresponding right-of-use asset at the same amount. A right-of-use asset is initially measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4384em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">at cost, which equals the initial lease liability and initial direct costs, deducted by any lease incentives  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.1884em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">received. The Group has applied the practical expedient option allowed under IFRS, by using a portfolio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.9384em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">approach for the recognition of lease contracts related to assets of the same nature and with similar lease  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.6884em;"><span class="stl_26 stl_13 stl_55">terms.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.1884em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">The right-of-use asset is depreciated over the earlier of the lease term or the useful life of the asset. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.9384em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">impairment testing of right-of-use assets follows the same principles as those applied for property, plant  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.6884em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">and equipment, cf. note 3.3. The cost price is adjusted for remeasurement of the lease liability. The Group  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.4384em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">has chosen to not recognise right-of-use assets and liabilities for leases with a term of 12 months or less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.1884em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">and leases of low-value assets. Lease payments related to such leases are recognised in the income state-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.9384em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">ment as an expense on a straight-line basis over the lease term.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.5424em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.2999em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0339em;">Inventories are measured at the lower of cost calculated according to the FIFO principle and net realisa-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.0499em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">ble value. The net realisable value is calculated as the selling price, deducted by costs of completion and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.7999em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">costs necessary to make the sale. The cost of goods for resale, as well as raw materials and consumables,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.5499em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0397em;">comprises the acquisition price plus delivery costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.0499em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">The cost of manufactured goods comprises the cost of raw materials, consumables, direct labour costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.7999em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">and production overheads, in the form of logistics and planning costs, production management, as well  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.5499em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">as expenses for production facilities and equipment, etc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5252em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2827em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">Trade receivables are measured at amortised cost, deducted by write-down for lifetime expected credit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0327em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">losses. To measure the expected credit losses, trade receivables are grouped according to shared credit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7827em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">risk characteristics and days overdue. Furthermore, an allowance for lifetime credit losses for trade receiv-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.5327em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">ables is recognised on initial recognition.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7281em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4856em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Debt to credit institutions, etc., is recognised at the date of borrowing at fair value, corresponding to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2356em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">proceeds received less transaction costs paid. In subsequent periods, the financial liabilities are meas-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9856em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">ured at amortised cost using the ‘effective rate of interest method’, so that the difference between the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7356em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">proceeds and the nominal value is recognised under financial expenses in the income statement for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.4856em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">duration of the loan term.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.9856em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Derivative financial instruments are recognised as from the transaction date and are measured at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7356em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">value in the balance sheet. The fair value of derivative financial instruments is calculated on the basis of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4856em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0339em;">current market data, as well as accepted valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.9856em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">Changes in the fair value of derivative financial instruments are recognised on an ongoing basis in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.7356em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.2356em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">Contingent consideration arising as a result of business combinations, is recognised at fair value at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.9856em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">time of acquisition. The liability is subsequently adjusted to fair value on an ongoing basis.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.4856em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Other liabilities are measured at amortised cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.2024em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.9599em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.7099em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">currencies and amortisation of financial assets and liabilities, including leases. The timing effect and fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.4599em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">value adjustment of contingent consideration and the purchase price payable are classified under net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.2099em;"><span class="stl_26 stl_13 stl_343">financials.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:27.0717em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:27.8292em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Acquisition costs and consideration, as well as the dividend on treasury shares, are recognised directly in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:28.5792em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">retained earnings under equity. Proceeds from the sale of treasury shares and the issue of shares in Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:29.3292em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0377em;">A/S, in connection with the exercise of share options, and from the sale of employee shares or warrants,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:30.0792em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">are taken directly to equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_27" style="word-spacing:-0.0344em;">4.6 Cash flows from financial liabilities classified as financing activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0535em;top:10.4899em;"><span class="stl_341 stl_08 stl_465">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1144em;top:11.2399em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0938em;top:11.2399em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Cash flow</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.855em;top:11.2399em;"><span class="stl_341 stl_08 stl_42">Adjustments</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_1006">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4285em;top:11.2399em;"><span class="stl_341 stl_08 stl_325" style="word-spacing:-0.0282em;">of leases</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_240" style="word-spacing:-0.0484em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8308em;top:11.2399em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:12.7987em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3308em;top:12.7987em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.4202em;top:12.7987em;"><span class="stl_26 stl_13 stl_300">-1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9695em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2214em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4733em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:13.7199em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8708em;top:13.7199em;"><span class="stl_26 stl_13 stl_381">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2314em;top:13.7199em;"><span class="stl_26 stl_13 stl_1007">-63  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:13.7199em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.672em;top:13.7199em;"><span class="stl_26 stl_13 stl_77">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5514em;top:13.7199em;"><span class="stl_26 stl_13 stl_60">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1208em;top:14.6337em;"><span class="stl_341 stl_08 stl_262">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2564em;top:14.6337em;"><span class="stl_341 stl_08 stl_399">-1,313  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7608em;top:14.6337em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5977em;top:14.6337em;"><span class="stl_341 stl_08 stl_35">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4414em;top:14.6337em;"><span class="stl_341 stl_08 stl_137">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0535em;top:17.1852em;"><span class="stl_341 stl_08 stl_465">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:17.9424em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1258em;top:17.9349em;"><span class="stl_341 stl_08 stl_424">30.09.21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0939em;top:17.9349em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Cash flow</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.855em;top:17.9349em;"><span class="stl_341 stl_08 stl_42">Adjustments</span><sup style="top: -0.2079em;"><span class="stl_597 stl_08 stl_1006">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4285em;top:17.9352em;"><span class="stl_341 stl_08 stl_325" style="word-spacing:-0.0282em;">of leases</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_240" style="word-spacing:-0.0484em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.831em;top:17.9352em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7241em;top:19.4939em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8422em;top:19.4939em;"><span class="stl_26 stl_13 stl_98">550  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0985em;top:19.4939em;"><span class="stl_26 stl_13 stl_418">700  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9691em;top:19.4939em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.221em;top:19.4939em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0466em;top:19.4939em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7241em;top:20.4152em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8653em;top:20.4152em;"><span class="stl_26 stl_13 stl_209">273  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2641em;top:20.4152em;"><span class="stl_26 stl_13 stl_18">-52  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4391em;top:20.4152em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3141em;top:20.4152em;"><span class="stl_26 stl_13 stl_31">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5866em;top:20.4152em;"><span class="stl_26 stl_13 stl_381">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.7278em;top:21.3289em;"><span class="stl_341 stl_08 stl_418">823  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.9666em;top:21.3289em;"><span class="stl_341 stl_08 stl_465">648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3466em;top:21.3289em;"><span class="stl_341 stl_08 stl_58">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1885em;top:21.3289em;"><span class="stl_341 stl_08 stl_98">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8372em;top:21.3289em;"><span class="stl_341 stl_08 stl_205">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.7618em;"><sup style="top: -0.1665em;"><span class="stl_474 stl_13 stl_16" style="word-spacing:0.1788em;">1 </span></sup><span class="stl_473 stl_13 stl_440" style="word-spacing:-0.0618em;">Non-cash transactions.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:28.3137em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:29.0712em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Provisions are recognised when the Group, as a result of an event having occurred before or on the bal-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:29.8212em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">ance sheet date, has incurred a legal or actual liability, and it is probable that economic benefits will flow  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:30.5712em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">from the Group in order to settle the liability. If the effect of the time value of money is significant, provi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:31.3212em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">sions are discounted using a pre-tax discount rate. When applying a discount rate, the change in provi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:32.0712em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">sions, due to the timing, is recognised as a financial cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:26.1662em;"><span class="stl_341 stl_08 stl_420" style="word-spacing:-0.0376em;">§ Accounting policy  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:26.9237em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">The fair value of Ambu’s share-based payment is expensed on an accrual basis. Fair value of equity-based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:27.6737em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">schemes at the time of allocation is calculated according to recognised valuation models or methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:28.4237em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0381em;">This value is expensed over the service period for each of the respective schemes and is taken to equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:29.1737em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">On recognition of the fair value during the service period, account is taken of the number of employees  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:29.9237em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">who are expected to obtain a final right to the scheme, including the conditions to which the allocation is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:30.6737em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">subject. This estimate is reassessed at the end of each reporting period, so that only the number of rights  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:31.4237em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">expected to be vested are recognised. Adjustments relating to previous periods are recognised in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:32.1737em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">period in which the adjustment is made. The fair value per unit does not change.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:33.6737em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">PSUs that are settled in cash are taken to liabilities, instead of equity, and the fair value adjustment of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:34.4237em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">respective scheme at end of the period is expensed to the income statement. This includes any changes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:35.1737em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">in the quoted price of the Ambu B-share on Nasdaq Copenhagen.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.0529em;"><span class="stl_341 stl_08 stl_317" style="word-spacing:-0.0438em;">Reporting under the ESEF regulation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.8104em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">With securities listed on a regulated market within  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.5604em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">the EU, Ambu is required to prepare the Annual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.3104em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0375em;">Report using a combination of the HTML format  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.0604em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">and tagging the primary consolidated financial  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">statements using iXBRL (Inline eXtensible Busi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.5604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">ness Reporting Language).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.0604em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0323em;">The Group’s iXBRL tags have been prepared in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.8104em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0313em;">accordance with the ESEF taxonomy, which is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.5604em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0326em;">included in the ESEF regulation and developed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3104em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">based on the IFRS taxonomy, published by the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.0604em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">IFRS Foundation.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5604em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">The line items in the consolidated financial state-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3104em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0403em;">ments are tagged to elements in the ESEF taxon-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.0604em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">omy. For financial line items that are not directly  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.8104em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">defined in the ESEF taxonomy, an extension to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.5604em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">the taxonomy has been created. Extensions are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.3104em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0326em;">anchored to elements in the ESEF taxonomy,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.0604em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">except for extensions that are subtotals.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.5604em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">The Annual Report submitted to the Danish Finan-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.3104em;"><span class="stl_26 stl_13 stl_501" style="word-spacing:-0.0437em;">cial Supervisory Authority (the Officially Appointed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.0604em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0316em;">Mechanism) is included in the zip file AMBU-2023-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8104em;"><span class="stl_26 stl_13 stl_50">09-30-en.zip.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:12.3029em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Foreign currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:13.0604em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">A functional currency is determined for each com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:13.8104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">pany in the Ambu group. The functional currency  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:14.5604em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0395em;">is the currency used in the primary economic  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:15.3104em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">environment in which the individual subsidiary  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.0604em;"><span class="stl_26 stl_13 stl_267">operates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:17.5604em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">Transactions in foreign currencies are translated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:18.3104em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">to the functional currency using the exchange  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.0604em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0363em;">rate applicable at the transaction date. Foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.8104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">exchange gains and losses in connection with the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:20.5604em;"><span class="stl_26 stl_13 stl_14" style="word-spacing:-0.0425em;">settlement of these transactions and the transla-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:21.3104em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">tion of monetary assets and liabilities in foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:22.0604em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">currencies at the exchange rates applicable at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:22.8104em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">balance sheet date are recognised in the income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:23.5604em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">statement under net financials.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.0604em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">Receivables, payables and other monetary items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:25.8104em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">denominated in foreign currencies are translated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:26.5604em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">to the functional currency at the exchange rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:27.3104em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">applicable at the balance sheet date. The differ-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.0604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">ence between the exchange rate applicable at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.8104em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">balance sheet date and the exchange rate applica-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:29.5604em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">ble at the date on which the receivable or payable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:30.3104em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">occurred or the exchange rate stated in the most  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.0604em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">recent annual report, is recognised in the income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:31.8104em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">statement under net financials.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:33.3104em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">The financial statements of subsidiaries with a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.0604em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">functional currency other than DKK are translated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.8104em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">to Danish kroner at the exchange rates for balance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:35.5604em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0337em;">sheet items, applicable at the balance sheet date,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.3104em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">and at average exchange rates, as far as income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:37.0604em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">statement items are concerned. Exchange rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:37.8104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">differences arising from the translation of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:38.5604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">net assets of such subsidiaries at the beginning  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:39.3104em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">of the year, using the exchange rates applicable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.0604em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">at the balance sheet date and the translation of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.8104em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">income statement items from the exchange rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:11.5604em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">applicable at the transaction date to the exchange  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:12.3104em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">rates applicable at the balance sheet date, are rec-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.0604em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">ognised in other comprehensive income and pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.8104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">sented as a separate reserve for foreign currency  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:14.5604em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">translation adjustments under equity.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.0529em;"><span class="stl_341 stl_08 stl_304" style="word-spacing:-0.0422em;">Income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.8104em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">Income and expenses are recognised according  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:17.5604em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">to the accruals concept. The income statement is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:18.3104em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">presented by functions where the respective cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.0604em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">impacts the function to which the cost is deemed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.8104em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0317em;">related to. The Group’s functions are divided into  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:20.5604em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">production, sales and distribution, development,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:21.3104em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">as well as management and administrative costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_259 stl_08 stl_111" style="word-spacing:-0.028em;">2.2 Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0487em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">Endoscopy Solutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5057em;top:12.0487em;"><span class="stl_26 stl_13 stl_376">2,687  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7694em;top:12.0487em;"><span class="stl_26 stl_13 stl_270">2,324  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.9699em;"><span class="stl_26 stl_13 stl_49">Anaesthesia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5219em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">1,093  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8788em;top:12.9699em;"><span class="stl_26 stl_13 stl_762">1,126  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.8912em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0331em;">Patient Monitoring  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0344em;top:13.8912em;"><span class="stl_26 stl_13 stl_170">995  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2951em;top:13.8912em;"><span class="stl_26 stl_13 stl_104">994  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.8049em;"><span class="stl_341 stl_08 stl_437" style="word-spacing:-0.0341em;">Total revenue by activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3432em;top:14.8049em;"><span class="stl_341 stl_08 stl_244">4,775  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5151em;top:14.8049em;"><span class="stl_341 stl_08 stl_109">4,444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.2456em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">North America</span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_585" style="word-spacing:-0.0608em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5279em;top:16.2458em;"><span class="stl_26 stl_13 stl_38">2,424  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8316em;top:16.2458em;"><span class="stl_26 stl_13 stl_764">2,140  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4485em;top:17.167em;"><span class="stl_26 stl_13 stl_222">Europe</span><sup style="top: -0.2081em;"><span class="stl_302 stl_13 stl_500">2  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5057em;top:17.1671em;"><span class="stl_26 stl_13 stl_130">1,863  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.782em;top:17.1671em;"><span class="stl_26 stl_13 stl_179">1,825  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:18.0883em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">Rest of World  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0182em;top:18.0883em;"><span class="stl_26 stl_13 stl_490">488  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3214em;top:18.0883em;"><span class="stl_26 stl_13 stl_765">479  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:19.0021em;"><span class="stl_341 stl_08 stl_121" style="word-spacing:-0.0287em;">Total revenue by markets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3432em;top:19.0021em;"><span class="stl_341 stl_08 stl_244">4,775  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5151em;top:19.0021em;"><span class="stl_341 stl_08 stl_109">4,444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.4735em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.9213em;top:20.435em;"><span class="stl_473 stl_13 stl_526" style="word-spacing:-0.0492em;">North America includes revenue in the USA of DKK 2,364m (DKK 2,090m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0568em;"><span class="stl_472 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.9213em;top:21.0183em;"><span class="stl_473 stl_13 stl_564" style="word-spacing:-0.0407em;">The Group's domicile country, Denmark, is included in Europe at DKK 57m (DKK 52m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.3911em;"><span class="stl_578 stl_94 stl_328" style="word-spacing:-0.0424em;">Delivery and payment terms  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.1455em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">The Group's primary performance obligation is the sale and delivery of medical technology solutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.8955em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">to customers. The performance obligation is fulfilled when the risk of the goods is passed to the buyer,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.6455em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0377em;">which most often occurs on delivery at the customer's address. Due to the Group's focus on disposable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.3955em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">devices, the Group is not subject to any material guarantee obligations, and customers are not entitled to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.1455em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">return unused goods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.6455em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">The Group's customers have payment terms that reflect the market in which the sale takes place, which  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.3955em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">varies from 15 to 360 days. For the majority of sales, payment terms are 15-60 days. Historically, the Group  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.1455em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">has not experienced any major losses on trade receivables. See note 3.6 on trade receivables.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5312em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">Revenue from the sale of goods is recognised in the income statement when all performance obligations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0301em;">have been fulfilled. Revenue is measured at the fair value of the agreed consideration, exclusive of VAT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">and taxes collected on behalf of a third party. At the time of recognition of income, a number of price  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0365em;">adjustments are also estimated. These are recognised as a reduction to revenue.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0312em;"><span class="stl_341 stl_08 stl_50" style="word-spacing:-0.0412em;">! Material accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7843em;"><span class="stl_578 stl_94 stl_317" style="word-spacing:-0.0437em;">Price adjustments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Price adjustments are offset against trade receivables and primarily concern sales in the USA. Price  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">adjustments in the US market are subject to estimation uncertainty, as the actual price adjustment is not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">determined until the dealer’s sale to the end-customer (hospitals, clinics, etc.). Price adjustments are the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0389em;">difference between the price agreed upon with the end-customer and the dealer’s list price. Price adjust-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">ments in the amount of DKK 54m (DKK 56m) were recognised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.4944em;top:23.2399em;"><span class="stl_341 stl_08 stl_61" style="word-spacing:-0.0304em;">Decrease of 10%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.1219em;top:23.2399em;"><span class="stl_341 stl_08 stl_250" style="word-spacing:-0.0302em;">Increase of 10%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2151em;top:23.9899em;"><span class="stl_341 stl_08 stl_42" style="word-spacing:-0.0386em;">in main currencies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.7188em;top:23.9899em;"><span class="stl_341 stl_08 stl_42" style="word-spacing:-0.0386em;">in main currencies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.9038em;top:25.1712em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.2044em;top:25.1712em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4076em;top:25.1712em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7082em;top:25.1712em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:26.7299em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">Income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.6826em;top:26.7299em;"><span class="stl_26 stl_13 stl_430">-34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9544em;top:26.7299em;"><span class="stl_26 stl_13 stl_130">-93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3994em;top:26.7299em;"><span class="stl_26 stl_13 stl_377">34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6551em;top:26.7299em;"><span class="stl_26 stl_13 stl_36">93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:27.6512em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">Other comprehensive income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4407em;top:27.6512em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6926em;top:27.6512em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9445em;top:27.6512em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1963em;top:27.6512em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.592em;top:28.5649em;"><span class="stl_341 stl_08 stl_363">-34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.867em;top:28.5649em;"><span class="stl_341 stl_08 stl_130">-93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3226em;top:28.5649em;"><span class="stl_341 stl_08 stl_58">34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5745em;top:28.5649em;"><span class="stl_341 stl_08 stl_58">93  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:19.8029em;"><span class="stl_341 stl_08 stl_359" style="word-spacing:-0.047em;">Cash flow statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:20.5604em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">The cash flow statement has been prepared on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:21.3104em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">the basis of the indirect method and shows the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:22.0604em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0345em;">Group’s cash flows from operating, investing and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:22.8104em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">financing activities for the year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:24.3104em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0397em;">Leases are considered to be non-cash transac-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:25.0604em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">tions. Cash flows relating to assets held under  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:25.8104em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">leases are recognised as payment of interest and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:26.5604em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0401em;">repayment of debt. Cash flow from financing activ-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:27.3104em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">ities comprises changes to the size or composition  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:28.0604em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">of share capital and costs incidental thereto, as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:28.8104em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">well as the arrangement of loans, the repayment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:29.5604em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">of interest-bearing debt, the purchase and sale of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:30.3104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">treasury shares and the payment of dividend to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.0604em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">Group’s shareholders.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:32.5604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Cash flow denominated in currencies other than  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:33.3104em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">Danish kroner (DKK) is translated using average  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.0604em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">exchange rates, unless such rates deviate mate-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.8104em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">rially from the exchange rates applicable on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:35.5604em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0401em;">transaction date.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_27" style="word-spacing:-0.0344em;">4.6 Cash flows from financial liabilities classified as financing activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0535em;top:10.4899em;"><span class="stl_341 stl_08 stl_465">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1144em;top:11.2399em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0938em;top:11.2399em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Cash flow</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.855em;top:11.2399em;"><span class="stl_341 stl_08 stl_42">Adjustments</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_1006">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4285em;top:11.2399em;"><span class="stl_341 stl_08 stl_325" style="word-spacing:-0.0282em;">of leases</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_240" style="word-spacing:-0.0484em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8308em;top:11.2399em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:12.7987em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3308em;top:12.7987em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.4202em;top:12.7987em;"><span class="stl_26 stl_13 stl_300">-1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9695em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2214em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4733em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:13.7199em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8708em;top:13.7199em;"><span class="stl_26 stl_13 stl_381">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2314em;top:13.7199em;"><span class="stl_26 stl_13 stl_1007">-63  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:13.7199em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.672em;top:13.7199em;"><span class="stl_26 stl_13 stl_77">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5514em;top:13.7199em;"><span class="stl_26 stl_13 stl_60">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1208em;top:14.6337em;"><span class="stl_341 stl_08 stl_262">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2564em;top:14.6337em;"><span class="stl_341 stl_08 stl_399">-1,313  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7608em;top:14.6337em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5977em;top:14.6337em;"><span class="stl_341 stl_08 stl_35">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4414em;top:14.6337em;"><span class="stl_341 stl_08 stl_137">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0535em;top:17.1852em;"><span class="stl_341 stl_08 stl_465">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:17.9424em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1258em;top:17.9349em;"><span class="stl_341 stl_08 stl_424">30.09.21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0939em;top:17.9349em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Cash flow</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.855em;top:17.9349em;"><span class="stl_341 stl_08 stl_42">Adjustments</span><sup style="top: -0.2079em;"><span class="stl_597 stl_08 stl_1006">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4285em;top:17.9352em;"><span class="stl_341 stl_08 stl_325" style="word-spacing:-0.0282em;">of leases</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_240" style="word-spacing:-0.0484em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.831em;top:17.9352em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7241em;top:19.4939em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8422em;top:19.4939em;"><span class="stl_26 stl_13 stl_98">550  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0985em;top:19.4939em;"><span class="stl_26 stl_13 stl_418">700  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9691em;top:19.4939em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.221em;top:19.4939em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0466em;top:19.4939em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7241em;top:20.4152em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8653em;top:20.4152em;"><span class="stl_26 stl_13 stl_209">273  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2641em;top:20.4152em;"><span class="stl_26 stl_13 stl_18">-52  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4391em;top:20.4152em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3141em;top:20.4152em;"><span class="stl_26 stl_13 stl_31">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5866em;top:20.4152em;"><span class="stl_26 stl_13 stl_381">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.7278em;top:21.3289em;"><span class="stl_341 stl_08 stl_418">823  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.9666em;top:21.3289em;"><span class="stl_341 stl_08 stl_465">648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3466em;top:21.3289em;"><span class="stl_341 stl_08 stl_58">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1885em;top:21.3289em;"><span class="stl_341 stl_08 stl_98">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8372em;top:21.3289em;"><span class="stl_341 stl_08 stl_205">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.7618em;"><sup style="top: -0.1665em;"><span class="stl_474 stl_13 stl_16" style="word-spacing:0.1788em;">1 </span></sup><span class="stl_473 stl_13 stl_440" style="word-spacing:-0.0618em;">Non-cash transactions.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:19.8029em;"><span class="stl_341 stl_08 stl_359" style="word-spacing:-0.047em;">Cash flow statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:20.5604em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">The cash flow statement has been prepared on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:21.3104em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">the basis of the indirect method and shows the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:22.0604em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0345em;">Group’s cash flows from operating, investing and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:22.8104em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">financing activities for the year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:24.3104em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0397em;">Leases are considered to be non-cash transac-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:25.0604em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">tions. Cash flows relating to assets held under  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:25.8104em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">leases are recognised as payment of interest and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:26.5604em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0401em;">repayment of debt. Cash flow from financing activ-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:27.3104em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">ities comprises changes to the size or composition  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:28.0604em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">of share capital and costs incidental thereto, as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:28.8104em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">well as the arrangement of loans, the repayment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:29.5604em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">of interest-bearing debt, the purchase and sale of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:30.3104em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">treasury shares and the payment of dividend to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.0604em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">Group’s shareholders.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:32.5604em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Cash flow denominated in currencies other than  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:33.3104em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">Danish kroner (DKK) is translated using average  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.0604em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">exchange rates, unless such rates deviate mate-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:34.8104em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">rially from the exchange rates applicable on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:35.5604em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0401em;">transaction date.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:22.806em;"><span class="stl_578 stl_94 stl_635" style="word-spacing:-0.0477em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:23.5604em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">Production costs comprise costs incurred in gen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:24.3104em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">erating the revenue for the year. Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.0604em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">include direct and indirect costs for raw materials  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.8104em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">and consumables, freight costs incurred in con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:26.5604em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">nection with the purchase of commodities, etc.,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:27.3104em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">production wages and salaries for support func-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.0604em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">tions and factory management, as well as depre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.8104em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0323em;">ciation and impairment of plant and depreciation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:29.5604em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">of leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.8743em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">Depreciation, amortisation and impairment losses have been allocated to the following functions:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.333em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:23.3255em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:23.3255em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.8843em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:24.8843em;"><span class="stl_26 stl_13 stl_103">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9494em;top:24.8843em;"><span class="stl_26 stl_13 stl_380">78  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.8055em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6857em;top:25.8055em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9307em;top:25.8055em;"><span class="stl_26 stl_13 stl_36">38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:26.7268em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3325em;top:26.7268em;"><span class="stl_26 stl_13 stl_162">188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5938em;top:26.7268em;"><span class="stl_26 stl_13 stl_351">150  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.648em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6719em;top:27.648em;"><span class="stl_26 stl_13 stl_77">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9294em;top:27.648em;"><span class="stl_26 stl_13 stl_111">35  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.5693em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7113em;top:28.5693em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9332em;top:28.5693em;"><span class="stl_26 stl_13 stl_362">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:29.483em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0389em;">Total depreciation, amortisation and impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1832em;top:29.483em;"><span class="stl_341 stl_08 stl_32">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4625em;top:29.483em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4443em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:19.4368em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:19.4368em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9956em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:20.9956em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6713em;top:20.9956em;"><span class="stl_26 stl_13 stl_387">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.9168em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.5857em;top:21.9168em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6669em;top:21.9168em;"><span class="stl_26 stl_13 stl_34">32  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.8381em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.432em;top:22.8381em;"><span class="stl_26 stl_13 stl_56">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6582em;top:22.8381em;"><span class="stl_26 stl_13 stl_362">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.7593em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">Management and administration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:23.7593em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7032em;top:23.7593em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.6731em;"><span class="stl_341 stl_08 stl_46" style="word-spacing:-0.0321em;">Total special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7376em;top:24.6731em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1945em;top:24.6731em;"><span class="stl_341 stl_08 stl_45">148  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:9.2258em;"><span class="stl_259 stl_08 stl_147" style="word-spacing:-0.0245em;">3.5 Inventories  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3032em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0487em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.032em;">Raw materials and consumables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0144em;top:12.0487em;"><span class="stl_26 stl_13 stl_479">430  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2832em;top:12.0487em;"><span class="stl_26 stl_13 stl_98">449  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.9699em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">Finished goods  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0632em;top:12.9699em;"><span class="stl_26 stl_13 stl_39">477  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3001em;top:12.9699em;"><span class="stl_26 stl_13 stl_186">773  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9269em;top:13.8837em;"><span class="stl_341 stl_08 stl_103">907  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5713em;top:13.8837em;"><span class="stl_341 stl_08 stl_95">1,222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.3243em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">The above includes write-downs amounting to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1838em;top:15.3243em;"><span class="stl_26 stl_13 stl_364">-54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4838em;top:15.3243em;"><span class="stl_26 stl_13 stl_868">-24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0568em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:17.0493em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:17.0493em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.608em;"><span class="stl_26 stl_13 stl_439" style="word-spacing:-0.0467em;">Direct production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5426em;top:18.608em;"><span class="stl_26 stl_13 stl_62">1,541  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7969em;top:18.608em;"><span class="stl_26 stl_13 stl_903">1,467  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5293em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">Unallocated indirect production costs incl. inbound freight  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0288em;top:19.5293em;"><span class="stl_26 stl_13 stl_158">489  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3138em;top:19.5293em;"><span class="stl_26 stl_13 stl_365">379  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.4505em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0401em;">Freight costs on transportation between Ambu's warehouses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0638em;top:20.4505em;"><span class="stl_26 stl_13 stl_44">134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3369em;top:20.4505em;"><span class="stl_26 stl_13 stl_780">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.3643em;"><span class="stl_341 stl_08 stl_304" style="word-spacing:-0.0421em;">Cost of sales for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3713em;top:21.3643em;z-index:1733;"><span class="stl_341 stl_08 stl_109">2</span><span class="stl_341 stl_08 stl_321">,</span><span class="stl_341 stl_08 stl_381">164  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5469em;top:21.3643em;"><span class="stl_341 stl_08 stl_223">2,023  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.8049em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">Cost of sales for the year is incurred under the following functions:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.238em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4951em;top:24.238em;"><span class="stl_26 stl_13 stl_169">2,030  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7513em;top:24.238em;"><span class="stl_26 stl_13 stl_21">1,846  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.1593em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0638em;top:25.1593em;"><span class="stl_26 stl_13 stl_44">134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3369em;top:25.1593em;"><span class="stl_26 stl_13 stl_780">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.073em;"><span class="stl_341 stl_08 stl_304" style="word-spacing:-0.0421em;">Cost of sales for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3713em;top:26.073em;z-index:1906;"><span class="stl_341 stl_08 stl_109">2</span><span class="stl_341 stl_08 stl_321">,</span><span class="stl_341 stl_08 stl_381">164  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5469em;top:26.073em;"><span class="stl_341 stl_08 stl_223">2,023  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.5424em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.2999em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0339em;">Inventories are measured at the lower of cost calculated according to the FIFO principle and net realisa-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.0499em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">ble value. The net realisable value is calculated as the selling price, deducted by costs of completion and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.7999em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">costs necessary to make the sale. The cost of goods for resale, as well as raw materials and consumables,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.5499em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0397em;">comprises the acquisition price plus delivery costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.0499em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">The cost of manufactured goods comprises the cost of raw materials, consumables, direct labour costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.7999em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">and production overheads, in the form of logistics and planning costs, production management, as well  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.5499em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">as expenses for production facilities and equipment, etc.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:22.806em;"><span class="stl_578 stl_94 stl_635" style="word-spacing:-0.0477em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:23.5604em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">Production costs comprise costs incurred in gen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:24.3104em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">erating the revenue for the year. Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.0604em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">include direct and indirect costs for raw materials  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:25.8104em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">and consumables, freight costs incurred in con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:26.5604em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">nection with the purchase of commodities, etc.,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:27.3104em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">production wages and salaries for support func-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.0604em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">tions and factory management, as well as depre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:28.8104em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0323em;">ciation and impairment of plant and depreciation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:29.5604em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">of leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.5424em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.2999em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0339em;">Inventories are measured at the lower of cost calculated according to the FIFO principle and net realisa-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.0499em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">ble value. The net realisable value is calculated as the selling price, deducted by costs of completion and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.7999em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">costs necessary to make the sale. The cost of goods for resale, as well as raw materials and consumables,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.5499em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0397em;">comprises the acquisition price plus delivery costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.0499em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">The cost of manufactured goods comprises the cost of raw materials, consumables, direct labour costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.7999em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">and production overheads, in the form of logistics and planning costs, production management, as well  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.5499em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">as expenses for production facilities and equipment, etc.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.3029em;"><span class="stl_341 stl_08 stl_54" style="word-spacing:-0.0375em;">Principles of consolidation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.0604em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">The consolidated financial statements comprise  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8104em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0407em;">Ambu A/S and companies in which Ambu A/S has  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.5604em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">a controlling interest. Control is deemed to be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.3104em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">obtained if Ambu A/S owns more than 50% of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.0604em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0375em;">voting rights, or if Ambu A/S in any other way has a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.8104em;"><span class="stl_26 stl_13 stl_159" style="word-spacing:-0.029em;">controlling interest in the company.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.3104em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">The subsidiaries’ financial statements are adjusted  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.0604em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">if necessary to ensure that their accounting poli-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.8104em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">cies are consistent with those of the rest of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:38.5604em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Group. All intercompany transactions, balances,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.0604em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">income and expenses are fully eliminated on con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.8104em;"><span class="stl_26 stl_13 stl_200">solidation.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:31.056em;"><span class="stl_578 stl_94 stl_492" style="word-spacing:-0.0443em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:31.8104em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0401em;">Selling and distribution costs comprise costs for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:32.5604em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">sales staff, advertising and exhibitions, depreci-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:33.3104em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">ation, impairment and operation of central ware-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.0604em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">houses, as well as all costs relating to the transport  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.8104em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">of goods from the Group’s factories to customers.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:36.306em;"><span class="stl_578 stl_94 stl_29" style="word-spacing:-0.041em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:37.0604em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0395em;">Development costs comprise salaries and costs,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:37.8104em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">which, directly or indirectly, can be attributed to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:38.5604em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">product improvements and the development of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:39.3104em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">new products which do not meet the criteria for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.0604em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">capitalisation of an internally-,generated devel-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.8104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">opment project. In addition, the amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:11.5604em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">impairment of capitalised development costs as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:12.3104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">well as amortisation of rights and acquired tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:13.0604em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">nologies, are recognised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.8743em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">Depreciation, amortisation and impairment losses have been allocated to the following functions:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.333em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:23.3255em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:23.3255em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.8843em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:24.8843em;"><span class="stl_26 stl_13 stl_103">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9494em;top:24.8843em;"><span class="stl_26 stl_13 stl_380">78  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.8055em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6857em;top:25.8055em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9307em;top:25.8055em;"><span class="stl_26 stl_13 stl_36">38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:26.7268em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3325em;top:26.7268em;"><span class="stl_26 stl_13 stl_162">188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5938em;top:26.7268em;"><span class="stl_26 stl_13 stl_351">150  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.648em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6719em;top:27.648em;"><span class="stl_26 stl_13 stl_77">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9294em;top:27.648em;"><span class="stl_26 stl_13 stl_111">35  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.5693em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7113em;top:28.5693em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9332em;top:28.5693em;"><span class="stl_26 stl_13 stl_362">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:29.483em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0389em;">Total depreciation, amortisation and impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1832em;top:29.483em;"><span class="stl_341 stl_08 stl_32">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4625em;top:29.483em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4443em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:19.4368em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:19.4368em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9956em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:20.9956em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6713em;top:20.9956em;"><span class="stl_26 stl_13 stl_387">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.9168em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.5857em;top:21.9168em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6669em;top:21.9168em;"><span class="stl_26 stl_13 stl_34">32  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.8381em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.432em;top:22.8381em;"><span class="stl_26 stl_13 stl_56">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6582em;top:22.8381em;"><span class="stl_26 stl_13 stl_362">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.7593em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">Management and administration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:23.7593em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7032em;top:23.7593em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.6731em;"><span class="stl_341 stl_08 stl_46" style="word-spacing:-0.0321em;">Total special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7376em;top:24.6731em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1945em;top:24.6731em;"><span class="stl_341 stl_08 stl_45">148  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5518em;"><span class="stl_578 stl_94 stl_304" style="word-spacing:-0.0421em;">Development projects,</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.837em;top:19.5518em;"><span class="stl_578 stl_94 stl_332" style="word-spacing:-0.0487em;">rights and Other incl. IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.3062em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">Development projects that are clearly defined and identifiable, and where the technical utilisation degree,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0562em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">sufficient resources and a potential future market or scope for use in the Group can be proven, and where  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.8062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">the Group intends to produce, market or use the project, are recognised as intangible assets where the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.5562em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">cost of the project can be calculated reliably, and there is sufficient certainty that the future earnings or  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.3062em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">the net selling price can cover the production costs, selling and distribution costs, as well as manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.0562em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">ment and administrative expenses. Other development costs are recognised in the income statement as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.8062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">incurred. Recognised development costs are measured at cost, deducted by accumulated amortisation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.5562em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">and impairment losses. Cost comprises salaries and other external expenses, e.g., consultancy fees and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.3062em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">travel expenses, which are directly attributable to the Group’s development activities.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.8062em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">Upon completion of the development activity, development projects are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.5562em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">straight-line method, encompassing the estimated useful life, starting from the time when the asset is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.3062em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">ready for use. The basis of amortisation is reduced by impairment losses, if any. The useful life of the asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.0562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">may subsequently be changed if Management believes that the original assumptions, on which the useful  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.8062em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">life and any residual value are based have changed significantly. Rights in the form of distribution rights  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.5562em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">and licences, etc., are measured at cost, deducted by accumulated amortisation and impairment losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.3062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">Rights are amortised according to the straight-line method over the shorter of the remaining term of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.0562em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">agreement and the useful lives of the assets. Development projects and rights are amortised according to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.8062em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0399em;">the straight-line method over the expected useful lives of the assets. The expected useful lifetime of com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.5562em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">pleted development projects is 5-10 years, 5-20 years for rights and 3-5 years for IT software/-projects.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:36.306em;"><span class="stl_578 stl_94 stl_29" style="word-spacing:-0.041em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:37.0604em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0395em;">Development costs comprise salaries and costs,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:37.8104em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">which, directly or indirectly, can be attributed to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:38.5604em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">product improvements and the development of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:39.3104em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">new products which do not meet the criteria for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.0604em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">capitalisation of an internally-,generated devel-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.8104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">opment project. In addition, the amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:11.5604em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">impairment of capitalised development costs as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:12.3104em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">well as amortisation of rights and acquired tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:13.0604em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">nologies, are recognised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5518em;"><span class="stl_578 stl_94 stl_304" style="word-spacing:-0.0421em;">Development projects,</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.837em;top:19.5518em;"><span class="stl_578 stl_94 stl_332" style="word-spacing:-0.0487em;">rights and Other incl. IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.3062em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">Development projects that are clearly defined and identifiable, and where the technical utilisation degree,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0562em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">sufficient resources and a potential future market or scope for use in the Group can be proven, and where  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.8062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">the Group intends to produce, market or use the project, are recognised as intangible assets where the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.5562em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">cost of the project can be calculated reliably, and there is sufficient certainty that the future earnings or  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.3062em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">the net selling price can cover the production costs, selling and distribution costs, as well as manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.0562em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">ment and administrative expenses. Other development costs are recognised in the income statement as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.8062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">incurred. Recognised development costs are measured at cost, deducted by accumulated amortisation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.5562em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">and impairment losses. Cost comprises salaries and other external expenses, e.g., consultancy fees and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.3062em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">travel expenses, which are directly attributable to the Group’s development activities.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.8062em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">Upon completion of the development activity, development projects are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.5562em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">straight-line method, encompassing the estimated useful life, starting from the time when the asset is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.3062em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">ready for use. The basis of amortisation is reduced by impairment losses, if any. The useful life of the asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.0562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">may subsequently be changed if Management believes that the original assumptions, on which the useful  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.8062em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">life and any residual value are based have changed significantly. Rights in the form of distribution rights  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.5562em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">and licences, etc., are measured at cost, deducted by accumulated amortisation and impairment losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.3062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">Rights are amortised according to the straight-line method over the shorter of the remaining term of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.0562em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">agreement and the useful lives of the assets. Development projects and rights are amortised according to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.8062em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0399em;">the straight-line method over the expected useful lives of the assets. The expected useful lifetime of com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.5562em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">pleted development projects is 5-10 years, 5-20 years for rights and 3-5 years for IT software/-projects.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:8.7534em;"><span class="stl_259 stl_08 stl_148" style="word-spacing:-0.0297em;">1.2 Changes in balance sheet classification  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.0663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Management has decided to make two changes to the non-current assets classification. Firstly, 'Right-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.8163em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">of-use assets' has been separated from 'Property, plant and equipment'. Secondly, IT software, formerly  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.5663em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">categorised under 'Property, plant and equipment', has been reclassified to the category 'Other incl. IT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.3163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">software' (a category which was previously named 'Rights'). This effect of change in presentation does not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.0663em;"><span class="stl_26 stl_13 stl_14" style="word-spacing:-0.0425em;">affect any key ratios.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.8546em;top:14.5175em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8308em;top:14.5175em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.884em;top:15.5881em;"><span class="stl_26 stl_13 stl_306">Reported  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0083em;top:15.5881em;"><span class="stl_26 stl_13 stl_309">Restated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:17.0212em;"><span class="stl_26 stl_13 stl_42">Goodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0815em;top:17.0212em;"><span class="stl_26 stl_13 stl_179">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0946em;top:17.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6927em;top:17.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0577em;top:17.0212em;"><span class="stl_26 stl_13 stl_179">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:17.9425em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0365em;">Acquired technologies, trademarks and customer relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5933em;top:17.9425em;"><span class="stl_26 stl_13 stl_104">481  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0946em;top:17.9425em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6927em;top:17.9425em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5696em;top:17.9425em;"><span class="stl_26 stl_13 stl_104">481  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:18.8637em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">Acquired technologies in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6402em;top:18.8637em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0946em;top:18.8637em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6927em;top:18.8637em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6158em;top:18.8637em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:19.785em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6096em;top:19.785em;"><span class="stl_26 stl_13 stl_45">764  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:19.785em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6921em;top:19.785em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5858em;top:19.785em;"><span class="stl_26 stl_13 stl_45">764  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:20.7062em;"><span class="stl_26 stl_13 stl_265" style="word-spacing:-0.0468em;">Other incl. IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9665em;top:20.7062em;"><span class="stl_26 stl_13 stl_62">27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0934em;top:20.7062em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.154em;top:20.7062em;"><span class="stl_26 stl_13 stl_31">29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9309em;top:20.7062em;"><span class="stl_26 stl_13 stl_18">56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:21.6275em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0397em;">Development projects and other assets in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5727em;top:21.6275em;"><span class="stl_26 stl_13 stl_86">458  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:21.6275em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1571em;top:21.6275em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5421em;top:21.6275em;"><span class="stl_26 stl_13 stl_363">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:22.5412em;"><span class="stl_341 stl_08 stl_317" style="word-spacing:-0.0439em;">Intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.8402em;top:22.5412em;"><span class="stl_341 stl_08 stl_251">3,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0852em;top:22.5412em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0709em;top:22.5412em;"><span class="stl_341 stl_08 stl_58">54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9015em;top:22.5412em;"><span class="stl_341 stl_08 stl_749">3,619  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:23.9819em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Land and buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6027em;top:23.9819em;"><span class="stl_26 stl_13 stl_366">732  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.9709em;top:23.9819em;"><span class="stl_26 stl_13 stl_90">-539  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6927em;top:23.9819em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5971em;top:23.9819em;"><span class="stl_26 stl_13 stl_382">193  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:24.9031em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6465em;top:24.9031em;"><span class="stl_26 stl_13 stl_73">178  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:24.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6921em;top:24.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6227em;top:24.9031em;"><span class="stl_26 stl_13 stl_73">178  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:25.8244em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.041em;">Other fittings and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6065em;top:25.8244em;"><span class="stl_26 stl_13 stl_40">185  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.3796em;top:25.8244em;"><span class="stl_26 stl_13 stl_868">-51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9634em;top:25.8244em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5809em;top:25.8244em;"><span class="stl_26 stl_13 stl_389">105  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:26.7456em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">Property, plant and equipment in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6321em;top:26.7456em;"><span class="stl_26 stl_13 stl_290">181  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:26.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9659em;top:26.7456em;"><span class="stl_26 stl_13 stl_179">-25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5915em;top:26.7456em;"><span class="stl_26 stl_13 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:27.6594em;"><span class="stl_341 stl_08 stl_97" style="word-spacing:-0.0381em;">Property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9146em;top:27.6594em;"><span class="stl_341 stl_08 stl_298">1,276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.8477em;top:27.6594em;"><span class="stl_341 stl_08 stl_496">-590  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.844em;top:27.6594em;"><span class="stl_341 stl_08 stl_363">-54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4359em;top:27.6594em;"><span class="stl_341 stl_08 stl_58">632  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:29.0925em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">Right-of-use assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.0746em;top:29.0925em;"><span class="stl_341 stl_08 stl_542">590  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4527em;top:29.0925em;"><span class="stl_341 stl_08 stl_542">590  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:30.5331em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Amortisation of intangibles assets identified in connection  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:31.2831em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.939em;top:31.2831em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:31.2831em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6921em;top:31.2831em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9146em;top:31.2831em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:32.2044em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Amortisation of intangible development projects and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:32.9544em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.964em;top:32.9544em;"><span class="stl_26 stl_13 stl_34">91  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0934em;top:32.9544em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5227em;top:32.9544em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5696em;top:32.9544em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:33.8756em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">Depreciation of property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6146em;top:33.8756em;"><span class="stl_26 stl_13 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.3921em;top:33.8756em;"><span class="stl_26 stl_13 stl_385">-70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3265em;top:33.8756em;"><span class="stl_26 stl_13 stl_16">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9359em;top:33.8756em;"><span class="stl_26 stl_13 stl_270">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:34.7969em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Depreciation of right-of-use assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4946em;top:34.7969em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5709em;top:34.7969em;"><span class="stl_26 stl_13 stl_382">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6915em;top:34.7969em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.949em;top:34.7969em;"><span class="stl_26 stl_13 stl_382">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:35.7181em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Impairment losses on non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9509em;top:35.7181em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0934em;top:35.7181em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6915em;top:35.7181em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9265em;top:35.7181em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:36.6319em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0389em;">Total depreciation, amortisation and impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4846em;top:36.6319em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4609em;top:36.6319em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5788em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.0249em;"><span class="stl_26 stl_13 stl_107" style="word-spacing:-0.0429em;">Deferred tax at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4588em;top:12.0249em;"><span class="stl_26 stl_13 stl_364">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7588em;top:12.0249em;"><span class="stl_26 stl_13 stl_868">-24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.8756em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8894em;top:12.8756em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.1413em;top:12.8756em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.7262em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">Deferred tax on share-based payment recognised in equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5013em;top:13.7262em;"><span class="stl_26 stl_13 stl_162">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:13.7262em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.5768em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">Deferred tax for the year recognised in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7157em;top:14.5768em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7288em;top:14.5768em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.4274em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Adjustment in respect of previous years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.825em;top:15.4274em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9894em;top:15.4274em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.2706em;"><span class="stl_341 stl_08 stl_107" style="word-spacing:-0.0428em;">Deferred tax at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:16.2706em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:16.2706em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:17.6093em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.0431em;">Deferred tax relates to:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.4674em;"><span class="stl_26 stl_13 stl_525" style="word-spacing:-0.0417em;">Intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:18.4674em;"><span class="stl_26 stl_13 stl_97">383  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5432em;top:18.4674em;"><span class="stl_26 stl_13 stl_467">438  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.318em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.685em;top:19.318em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.95em;top:19.318em;"><span class="stl_26 stl_13 stl_428">24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.1687em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.0431em;">Current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4588em;top:20.1687em;"><span class="stl_26 stl_13 stl_364">-54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7288em;top:20.1687em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.0193em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">Deferred tax on share-based payment recognised in equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:21.0193em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:21.0193em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.8699em;"><span class="stl_26 stl_13 stl_32">Provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6769em;top:21.8699em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:21.8699em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.7205em;"><span class="stl_26 stl_13 stl_564">Payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5563em;top:22.7205em;"><span class="stl_26 stl_13 stl_441">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7575em;top:22.7205em;"><span class="stl_26 stl_13 stl_387">-21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.5712em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Tax loss carry-forwards  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0869em;top:23.5712em;"><span class="stl_26 stl_13 stl_68">-447  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3644em;top:23.5712em;"><span class="stl_26 stl_13 stl_376">-473  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:24.4143em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:24.4143em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:25.753em;"><span class="stl_341 stl_08 stl_465" style="word-spacing:-0.0389em;">Classified in the balance sheet as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:26.6112em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.0431em;">Deferred tax asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.45em;top:26.6112em;"><span class="stl_26 stl_13 stl_839">-85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7719em;top:26.6112em;"><span class="stl_26 stl_13 stl_385">-70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.4618em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0431em;">Deferred tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:27.4618em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:27.4618em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3763em;top:28.3049em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6244em;top:28.3049em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_259 stl_08 stl_58" style="word-spacing:-0.03em;">3.3 Property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4313em;top:10.4899em;"><span class="stl_341 stl_08 stl_498">Property,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.6088em;top:11.2399em;"><span class="stl_341 stl_08 stl_338">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4332em;top:11.2399em;"><span class="stl_341 stl_08 stl_466" style="word-spacing:-0.0367em;">plant and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.8282em;top:11.9899em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.0444em;">Land and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.7357em;top:11.9899em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Plant and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.627em;top:11.9899em;"><span class="stl_341 stl_08 stl_475" style="word-spacing:-0.0531em;">fixtures and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.955em;top:11.9899em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.7175em;top:12.7399em;"><span class="stl_341 stl_08 stl_55" style="word-spacing:0.7641em;">buildings machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.9944em;top:12.7399em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.8432em;top:12.7399em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1225em;top:12.7399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2912em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.2199em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.62em;top:15.2199em;"><span class="stl_26 stl_13 stl_103">301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.6175em;top:15.2199em;"><span class="stl_26 stl_13 stl_58">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.3519em;top:15.2199em;"><span class="stl_26 stl_13 stl_142">222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.34em;top:15.2199em;"><span class="stl_26 stl_13 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1019em;top:15.2199em;"><span class="stl_26 stl_13 stl_374">1,217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:16.1412em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.7919em;top:16.1412em;"><span class="stl_26 stl_13 stl_177">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.755em;top:16.1412em;"><span class="stl_26 stl_13 stl_985">-46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6132em;top:16.1412em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8382em;top:16.1412em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6994em;top:16.1412em;"><span class="stl_26 stl_13 stl_986">-83  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:17.0624em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5182em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.365em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0894em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6744em;top:17.0624em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.955em;top:17.0624em;"><span class="stl_26 stl_13 stl_605">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:17.9837em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5175em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.1425em;top:17.9837em;"><span class="stl_26 stl_13 stl_346">-8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8925em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2182em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8132em;top:17.9837em;"><span class="stl_26 stl_13 stl_847">-17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:18.9049em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3482em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0063em;top:18.9049em;"><span class="stl_26 stl_13 stl_387">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.755em;top:18.9049em;"><span class="stl_26 stl_13 stl_394">76  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1738em;top:18.9049em;"><span class="stl_26 stl_13 stl_892">-134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4694em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:19.8187em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5019em;top:19.8187em;"><span class="stl_341 stl_08 stl_38">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.5125em;top:19.8187em;"><span class="stl_341 stl_08 stl_270">537  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2244em;top:19.8187em;"><span class="stl_341 stl_08 stl_98">285  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6057em;top:19.8187em;"><span class="stl_341 stl_08 stl_570">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9344em;top:19.8187em;"><span class="stl_341 stl_08 stl_781">1,188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:21.2593em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:22.0093em;"><span class="stl_26 stl_13 stl_417" style="word-spacing:-0.044em;">losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.4594em;top:22.0093em;"><span class="stl_26 stl_13 stl_450">-108  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.405em;top:22.0093em;"><span class="stl_26 stl_13 stl_35">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2857em;top:22.0093em;"><span class="stl_26 stl_13 stl_987">-117  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2175em;top:22.0093em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3357em;top:22.0093em;"><span class="stl_26 stl_13 stl_344">-585  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:22.9305em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3475em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.9882em;top:22.9305em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0875em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2169em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9132em;top:22.9305em;"><span class="stl_26 stl_13 stl_79">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:23.8518em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5163em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.3632em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0875em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2169em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9606em;top:23.8518em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:24.773em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Impairment losses for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5157em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.5313em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2557em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2163em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4681em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7194em;top:25.6943em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8694em;top:25.6943em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.7944em;top:25.6943em;"><span class="stl_26 stl_13 stl_95">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5263em;top:25.6943em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2156em;top:25.6943em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7538em;top:25.6943em;"><span class="stl_26 stl_13 stl_39">-77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7188em;top:26.608em;"><span class="stl_341 stl_08 stl_305" style="word-spacing:-0.0383em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7188em;top:27.358em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0413em;">losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3944em;top:27.358em;"><span class="stl_341 stl_08 stl_988">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2732em;top:27.358em;"><span class="stl_341 stl_08 stl_466">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0857em;top:27.358em;"><span class="stl_341 stl_08 stl_881">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2063em;top:27.358em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1932em;top:27.358em;"><span class="stl_341 stl_08 stl_109">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7181em;top:28.2793em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Carrying amount at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7181em;top:29.0293em;"><span class="stl_341 stl_08 stl_345" style="word-spacing:-0.0398em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5506em;top:29.0293em;"><span class="stl_341 stl_08 stl_393">175  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.555em;top:29.0293em;"><span class="stl_341 stl_08 stl_759">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.25em;top:29.0293em;"><span class="stl_341 stl_08 stl_381">153  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6031em;top:29.0293em;"><span class="stl_341 stl_08 stl_570">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.435em;top:29.0293em;"><span class="stl_341 stl_08 stl_137">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.1557em;top:10.4899em;"><span class="stl_341 stl_08 stl_48">Property,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.3332em;top:11.2399em;"><span class="stl_341 stl_08 stl_505">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.1576em;top:11.2399em;"><span class="stl_341 stl_08 stl_466" style="word-spacing:-0.0367em;">plant and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.5526em;top:11.9899em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.0444em;">Land and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.4601em;top:11.9899em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Plant and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.348em;top:11.9899em;"><span class="stl_341 stl_08 stl_475" style="word-spacing:-0.0531em;">fixtures and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6795em;top:11.9899em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.442em;top:12.7399em;"><span class="stl_341 stl_08 stl_55" style="word-spacing:0.7641em;">buildings machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.7188em;top:12.7399em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.5676em;top:12.7399em;"><span class="stl_341 stl_08 stl_328" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.847em;top:12.7399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2912em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.2199em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.3395em;top:15.2199em;"><span class="stl_26 stl_13 stl_292">266  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.4151em;top:15.2199em;"><span class="stl_26 stl_13 stl_393">474  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.1057em;top:15.2199em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0444em;top:15.2199em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7545em;top:15.2199em;"><span class="stl_26 stl_13 stl_303">1,008  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.1412em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7069em;top:16.1412em;"><span class="stl_26 stl_13 stl_31">29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7101em;top:16.1412em;"><span class="stl_26 stl_13 stl_109">46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4907em;top:16.1412em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4219em;top:16.1412em;"><span class="stl_26 stl_13 stl_380">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3788em;top:16.1412em;"><span class="stl_26 stl_13 stl_85">113  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0624em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0757em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.0913em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4657em;top:17.0624em;"><span class="stl_26 stl_13 stl_33">31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0438em;top:17.0624em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3194em;top:17.0624em;"><span class="stl_26 stl_13 stl_84">138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9837em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.8638em;top:17.9837em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5319em;top:17.9837em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.3088em;top:17.9837em;"><span class="stl_26 stl_13 stl_393">-10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4394em;top:17.9837em;"><span class="stl_26 stl_13 stl_490">-42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.9049em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0757em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7307em;top:18.9049em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4807em;top:18.9049em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1688em;top:18.9049em;"><span class="stl_26 stl_13 stl_938">-65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1963em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:19.8187em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2207em;top:19.8187em;"><span class="stl_341 stl_08 stl_95">301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2238em;top:19.8187em;"><span class="stl_341 stl_08 stl_111">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.9544em;top:19.8187em;"><span class="stl_341 stl_08 stl_352">222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9451em;top:19.8187em;"><span class="stl_341 stl_08 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6251em;top:19.8187em;"><span class="stl_341 stl_08 stl_428">1,217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:21.2593em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.0093em;"><span class="stl_26 stl_13 stl_417" style="word-spacing:-0.044em;">losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.4719em;top:22.0093em;"><span class="stl_26 stl_13 stl_839">-85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.1826em;top:22.0093em;"><span class="stl_26 stl_13 stl_620">-310  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.2444em;top:22.0093em;"><span class="stl_26 stl_13 stl_130">-92  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:22.0093em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0588em;top:22.0093em;"><span class="stl_26 stl_13 stl_417">-487  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.9305em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5969em;top:22.9305em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5294em;top:22.9305em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.3194em;top:22.9305em;"><span class="stl_26 stl_13 stl_392">-12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4519em;top:22.9305em;"><span class="stl_26 stl_13 stl_18">-52  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:23.8518em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0744em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7301em;top:23.8518em;"><span class="stl_26 stl_13 stl_354">28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.8151em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9444em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6544em;top:23.8518em;"><span class="stl_26 stl_13 stl_36">38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:24.773em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Impairment losses for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2432em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.9113em;top:24.773em;"><span class="stl_26 stl_13 stl_390">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9832em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8482em;top:24.773em;"><span class="stl_26 stl_13 stl_390">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:25.6943em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5757em;top:25.6943em;"><span class="stl_26 stl_13 stl_879">-13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5001em;top:25.6943em;"><span class="stl_26 stl_13 stl_490">-42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.2532em;top:25.6943em;"><span class="stl_26 stl_13 stl_218">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9432em;top:25.6943em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4813em;top:25.6943em;"><span class="stl_26 stl_13 stl_39">-77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:26.608em;"><span class="stl_341 stl_08 stl_305" style="word-spacing:-0.0383em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:27.358em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0413em;">losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0619em;top:27.358em;"><span class="stl_341 stl_08 stl_989">-108  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.0007em;top:27.358em;"><span class="stl_341 stl_08 stl_466">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8751em;top:27.358em;"><span class="stl_341 stl_08 stl_990">-117  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9338em;top:27.358em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9363em;top:27.358em;"><span class="stl_341 stl_08 stl_97">-585  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:28.2793em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Carrying amount at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:29.0293em;"><span class="stl_341 stl_08 stl_345" style="word-spacing:-0.0398em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2438em;top:29.0293em;"><span class="stl_341 stl_08 stl_44">193  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2857em;top:29.0293em;"><span class="stl_341 stl_08 stl_455">178  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.9732em;top:29.0293em;"><span class="stl_341 stl_08 stl_209">105  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9451em;top:29.0293em;"><span class="stl_341 stl_08 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1595em;top:29.0293em;"><span class="stl_341 stl_08 stl_58">632  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5312em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Land and buildings, plant and machinery and other plant, fixtures and fittings, tools and equipment are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">measured at cost, deducted by accumulated depreciation and impairment losses. Cost comprises the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">acquisition price and any costs directly attributable to the acquisition until the date when the asset is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">ready for use. The cost of a total asset is divided into separate elements, which are depreciated individu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">ally when the useful lives of the individual elements differ.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">The basis of depreciation is calculated in consideration of the residual value of the asset and is reduced  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0331em;">by impairment losses, if any. The residual value is fixed at the date of acquisition and is subject to annual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">review. When the residual value exceeds the carrying amount of the asset, depreciation will no longer take  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">place. In connection with changes in the depreciation period or the residual value, the effect of deprecia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">tion is recognised in future as a change in the accounting estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">The carrying amount of property, plant and equipment is assessed on an annual basis to establish  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">whether there is any indication of impairment. When such indication exists, an impairment test is per-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">formed. An impairment loss is recognised when the carrying amount of an asset exceeds the recoverable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">amount of the asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Property, plant and equipment are depreciated according to the straight-line method over the expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">useful lives of the assets/components as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_26 stl_13 stl_32">Buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.6369em;top:26.2887em;"><span class="stl_26 stl_13 stl_304" style="word-spacing:-0.0422em;">10-40 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.0387em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">Building installations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.6413em;top:27.0387em;"><span class="stl_26 stl_13 stl_21" style="word-spacing:-0.018em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.1275em;top:27.7887em;"><span class="stl_26 stl_13 stl_161" style="word-spacing:0.0086em;">2-10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.5387em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.041em;">Other fixtures and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3857em;top:28.5387em;"><span class="stl_26 stl_13 stl_77" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.0387em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">Land is not depreciated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.5387em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Depreciation is recognised in the income statement under production costs, selling and distribution  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.2887em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">costs, development costs or management and administrative expenses, as appropriate. See note 2.4.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3032em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0487em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Land and buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0276em;top:12.0487em;"><span class="stl_26 stl_13 stl_58">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2888em;top:12.0487em;"><span class="stl_26 stl_13 stl_208">539  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.9699em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">Other plant, fixtures and fittings, tools and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4013em;top:12.9699em;"><span class="stl_26 stl_13 stl_35">33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6982em;top:12.9699em;"><span class="stl_26 stl_13 stl_484">51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.8837em;"><span class="stl_341 stl_08 stl_77" style="word-spacing:-0.0461em;">Carrying amount of lease assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9482em;top:13.8837em;"><span class="stl_341 stl_08 stl_380">571  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1782em;top:13.8837em;"><span class="stl_341 stl_08 stl_542">590  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.3243em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Additions on lease assets during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3969em;top:15.3243em;"><span class="stl_26 stl_13 stl_467">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2913em;top:15.3243em;"><span class="stl_26 stl_13 stl_31">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0568em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3032em;top:17.0493em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:17.0493em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.6005em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0387em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5293em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Less than 1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4169em;top:19.5293em;"><span class="stl_26 stl_13 stl_62">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6488em;top:19.5293em;"><span class="stl_26 stl_13 stl_467">85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.4505em;"><span class="stl_26 stl_13 stl_49" style="word-spacing:-0.042em;">Between 1 and 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0476em;top:20.4505em;"><span class="stl_26 stl_13 stl_218">227  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2901em;top:20.4505em;"><span class="stl_26 stl_13 stl_130">229  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.3718em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">More than 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1076em;top:21.3718em;"><span class="stl_26 stl_13 stl_619">419  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3269em;top:21.3718em;"><span class="stl_26 stl_13 stl_355">475  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.2855em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Undiscounted lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9263em;top:22.2855em;"><span class="stl_341 stl_08 stl_542">725  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1869em;top:22.2855em;"><span class="stl_341 stl_08 stl_34">789  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.0255em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:24.018em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:24.018em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.5693em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0414em;">Amounts recognised in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.498em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">Expenses related to low value and short-term leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:26.498em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:26.498em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.4193em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">Interest on lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4513em;top:27.4193em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6938em;top:27.4193em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.8449em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.044em;">Depreciation of lease assets per asset class  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.7737em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Land and buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3951em;top:29.7737em;"><span class="stl_26 stl_13 stl_109">46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6488em;top:29.7737em;"><span class="stl_26 stl_13 stl_467">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.6949em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">Other plant, fixtures and fittings, tools and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4438em;top:30.6949em;"><span class="stl_26 stl_13 stl_394">19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6538em;top:30.6949em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.6087em;"><span class="stl_341 stl_08 stl_417" style="word-spacing:-0.0438em;">Depreciation of lease assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3194em;top:31.6087em;"><span class="stl_341 stl_08 stl_49">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5907em;top:31.6087em;"><span class="stl_341 stl_08 stl_300">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:33.0418em;"><span class="stl_341 stl_08 stl_96" style="word-spacing:-0.0433em;">Amounts recognised in the cash flow statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:33.9705em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Total cash outflow for leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4088em;top:33.9705em;"><span class="stl_26 stl_13 stl_371">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6744em;top:33.9705em;"><span class="stl_26 stl_13 stl_382">70  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:8.7534em;"><span class="stl_259 stl_08 stl_148" style="word-spacing:-0.0297em;">1.2 Changes in balance sheet classification  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.0663em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Management has decided to make two changes to the non-current assets classification. Firstly, 'Right-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.8163em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">of-use assets' has been separated from 'Property, plant and equipment'. Secondly, IT software, formerly  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.5663em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">categorised under 'Property, plant and equipment', has been reclassified to the category 'Other incl. IT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.3163em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">software' (a category which was previously named 'Rights'). This effect of change in presentation does not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.0663em;"><span class="stl_26 stl_13 stl_14" style="word-spacing:-0.0425em;">affect any key ratios.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.8546em;top:14.5175em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8308em;top:14.5175em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.884em;top:15.5881em;"><span class="stl_26 stl_13 stl_306">Reported  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0083em;top:15.5881em;"><span class="stl_26 stl_13 stl_309">Restated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:17.0212em;"><span class="stl_26 stl_13 stl_42">Goodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0815em;top:17.0212em;"><span class="stl_26 stl_13 stl_179">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0946em;top:17.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6927em;top:17.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0577em;top:17.0212em;"><span class="stl_26 stl_13 stl_179">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:17.9425em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0365em;">Acquired technologies, trademarks and customer relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5933em;top:17.9425em;"><span class="stl_26 stl_13 stl_104">481  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0946em;top:17.9425em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6927em;top:17.9425em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5696em;top:17.9425em;"><span class="stl_26 stl_13 stl_104">481  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:18.8637em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">Acquired technologies in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6402em;top:18.8637em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0946em;top:18.8637em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6927em;top:18.8637em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6158em;top:18.8637em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:19.785em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6096em;top:19.785em;"><span class="stl_26 stl_13 stl_45">764  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:19.785em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6921em;top:19.785em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5858em;top:19.785em;"><span class="stl_26 stl_13 stl_45">764  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:20.7062em;"><span class="stl_26 stl_13 stl_265" style="word-spacing:-0.0468em;">Other incl. IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9665em;top:20.7062em;"><span class="stl_26 stl_13 stl_62">27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0934em;top:20.7062em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.154em;top:20.7062em;"><span class="stl_26 stl_13 stl_31">29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9309em;top:20.7062em;"><span class="stl_26 stl_13 stl_18">56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:21.6275em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0397em;">Development projects and other assets in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5727em;top:21.6275em;"><span class="stl_26 stl_13 stl_86">458  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:21.6275em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1571em;top:21.6275em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5421em;top:21.6275em;"><span class="stl_26 stl_13 stl_363">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:22.5412em;"><span class="stl_341 stl_08 stl_317" style="word-spacing:-0.0439em;">Intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.8402em;top:22.5412em;"><span class="stl_341 stl_08 stl_251">3,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0852em;top:22.5412em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0709em;top:22.5412em;"><span class="stl_341 stl_08 stl_58">54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9015em;top:22.5412em;"><span class="stl_341 stl_08 stl_749">3,619  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:23.9819em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Land and buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6027em;top:23.9819em;"><span class="stl_26 stl_13 stl_366">732  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.9709em;top:23.9819em;"><span class="stl_26 stl_13 stl_90">-539  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6927em;top:23.9819em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5971em;top:23.9819em;"><span class="stl_26 stl_13 stl_382">193  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:24.9031em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6465em;top:24.9031em;"><span class="stl_26 stl_13 stl_73">178  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:24.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6921em;top:24.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6227em;top:24.9031em;"><span class="stl_26 stl_13 stl_73">178  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:25.8244em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.041em;">Other fittings and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6065em;top:25.8244em;"><span class="stl_26 stl_13 stl_40">185  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.3796em;top:25.8244em;"><span class="stl_26 stl_13 stl_868">-51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9634em;top:25.8244em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5809em;top:25.8244em;"><span class="stl_26 stl_13 stl_389">105  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7234em;top:26.7456em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">Property, plant and equipment in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6321em;top:26.7456em;"><span class="stl_26 stl_13 stl_290">181  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:26.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9659em;top:26.7456em;"><span class="stl_26 stl_13 stl_179">-25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5915em;top:26.7456em;"><span class="stl_26 stl_13 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:27.6594em;"><span class="stl_341 stl_08 stl_97" style="word-spacing:-0.0381em;">Property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9146em;top:27.6594em;"><span class="stl_341 stl_08 stl_298">1,276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.8477em;top:27.6594em;"><span class="stl_341 stl_08 stl_496">-590  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.844em;top:27.6594em;"><span class="stl_341 stl_08 stl_363">-54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4359em;top:27.6594em;"><span class="stl_341 stl_08 stl_58">632  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:29.0925em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">Right-of-use assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.0746em;top:29.0925em;"><span class="stl_341 stl_08 stl_542">590  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4527em;top:29.0925em;"><span class="stl_341 stl_08 stl_542">590  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:30.5331em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Amortisation of intangibles assets identified in connection  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:31.2831em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.939em;top:31.2831em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.094em;top:31.2831em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6921em;top:31.2831em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9146em;top:31.2831em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:32.2044em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Amortisation of intangible development projects and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:32.9544em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.964em;top:32.9544em;"><span class="stl_26 stl_13 stl_34">91  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0934em;top:32.9544em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5227em;top:32.9544em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5696em;top:32.9544em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:33.8756em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">Depreciation of property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6146em;top:33.8756em;"><span class="stl_26 stl_13 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.3921em;top:33.8756em;"><span class="stl_26 stl_13 stl_385">-70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3265em;top:33.8756em;"><span class="stl_26 stl_13 stl_16">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9359em;top:33.8756em;"><span class="stl_26 stl_13 stl_270">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:34.7969em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Depreciation of right-of-use assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4946em;top:34.7969em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5709em;top:34.7969em;"><span class="stl_26 stl_13 stl_382">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6915em;top:34.7969em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.949em;top:34.7969em;"><span class="stl_26 stl_13 stl_382">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:35.7181em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Impairment losses on non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9509em;top:35.7181em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0934em;top:35.7181em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6915em;top:35.7181em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9265em;top:35.7181em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:36.6319em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0389em;">Total depreciation, amortisation and impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4846em;top:36.6319em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4609em;top:36.6319em;"><span class="stl_341 stl_08 stl_756">351  </span></div> 1.2 Changes in balance sheet classification  Management has decided to make two changes to the non-current assets classification. Firstly, 'Right-  of-use assets' has been separated from 'Property, plant and equipment'. Secondly, IT software, formerly  categorised under 'Property, plant and equipment', has been reclassified to the category 'Other incl. IT  software' (a category which was previously named 'Rights'). This effect of change in presentation does not  affect any key ratios.  30.09.22  30.09.22  Reported  Restated  Goodwill  1,623  --1,623  Acquired technologies, trademarks and customer relations  481  --481  Acquired technologies in progress  212  --212  Completed development projects  764  --764  Other incl. IT software  27  -29  56  Development projects and other assets in progress  458  -25  483  Intangible assets  3,565  -54  3,619  Land and buildings  732  -539  -193  Plant and machinery  178  --178  Other fittings and equipment  185  -51  -29  105  Property, plant and equipment in progress  181  --25  156  Property, plant and equipment  1,276  -590  -54  632  Right-of-use assets  590  590  Amortisation of intangibles assets identified in connection  with business combinations  44  --44  Amortisation of intangible development projects and  other intangible assets  91  -9100  Depreciation of property, plant and equipment  156  -70  -9  77  Depreciation of right-of-use assets  -70  -70  Impairment losses on non-current assets  60  --60  Total depreciation, amortisation and impairment losses  351  351   <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;z-index:33;"><span class="stl_259 stl_08 stl_109">2</span><span class="stl_259 stl_08 stl_958">.</span><span class="stl_259 stl_08 stl_16">1 </span><span class="stl_259 stl_08 stl_58">S</span><span class="stl_259 stl_08 stl_248" style="word-spacing:-0.0305em;">egment information  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5343em;"><span class="stl_578 stl_94 stl_531" style="word-spacing:-0.0443em;">Segment reporting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">Ambu is a supplier of medical technology solutions for the global market. Except for the sales of the vari-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">ous solutions, no structural or organisational aspects allow for a division of earnings from individual prod-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">ucts, as sales channels, customer types and sales organisations are identical for all important markets.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Furthermore, production processes and internal controls and reporting are identical, which means that,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">with the exception of revenue, everything else is unsegmented. Ambu has thus identified one segment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">The Group operates in three geographical regions: North America, Europe and Rest of World. The geo-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">graphical distribution of revenue is based on the country in which the goods are delivered. See note 2.2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0314em;">for a breakdown of revenue on geography and countries that individually represent more than 10% of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_137" style="word-spacing:-0.0231em;">Group's revenue.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">The majority of the Group’s intangible and tangible assets are located in Denmark, as the Parent company  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;z-index:1108;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">owns the Group's intellectual property rights. Denmark accounts for DKK 2,163m (DKK 2,</span><span class="stl_26 stl_13 stl_57">1</span><span class="stl_26 stl_13 stl_172" style="word-spacing:-0.0231em;">16m) of the fig-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">ures in Europe, presented below. Employed assets in North America and Rest of World primarily relates to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">the Group's production facilities. The Management monitors goodwill as a whole, and goodwill is thus not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0363em;">allocated to geographical areas.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.9974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:23.9899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:23.9899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5412em;"><span class="stl_341 stl_08 stl_28" style="word-spacing:-0.0401em;">Intangible and tangible assets less goodwill by geographical region:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.4699em;"><span class="stl_26 stl_13 stl_330" style="word-spacing:-0.0512em;">North America  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3419em;top:26.4699em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5575em;top:26.4699em;"><span class="stl_26 stl_13 stl_157">208  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.3912em;"><span class="stl_26 stl_13 stl_174">Europe  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8188em;top:27.3912em;"><span class="stl_26 stl_13 stl_162">2,315  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0175em;top:27.3912em;"><span class="stl_26 stl_13 stl_36">2,284  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.3124em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">Rest of World  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.38em;top:28.3124em;"><span class="stl_26 stl_13 stl_378">717  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5875em;top:28.3124em;"><span class="stl_26 stl_13 stl_381">726  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:29.2262em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5519em;top:29.2262em;"><span class="stl_341 stl_08 stl_328">3,200  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8588em;top:29.2262em;"><span class="stl_341 stl_08 stl_218">3,218  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4849em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">Staff costs are distributed between the Executive Management, the Board of Directors and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">employees as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.6943em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:12.6868em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:12.6868em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Remuneration, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4107em;top:14.2456em;"><span class="stl_26 stl_13 stl_103">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:14.2456em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:15.1668em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8026em;top:15.1668em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:16.0881em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6151em;top:16.0881em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:16.0881em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.0093em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6151em;top:17.0093em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6938em;top:17.0093em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:17.9306em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Severance pay, share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7782em;top:17.9306em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0301em;top:17.9306em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:18.8443em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3282em;top:18.8443em;"><span class="stl_341 stl_08 stl_21">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5938em;top:18.8443em;"><span class="stl_341 stl_08 stl_387">31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:20.285em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5201em;top:20.285em;"><span class="stl_26 stl_13 stl_542">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8194em;top:20.285em;"><span class="stl_26 stl_13 stl_445">1,679  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:21.2062em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4394em;top:21.2062em;"><span class="stl_26 stl_13 stl_575">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6544em;top:21.2062em;"><span class="stl_26 stl_13 stl_35">68  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:22.1275em;"><span class="stl_26 stl_13 stl_324" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0769em;top:22.1275em;"><span class="stl_26 stl_13 stl_355">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3207em;top:22.1275em;"><span class="stl_26 stl_13 stl_84">138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:23.0487em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4388em;top:23.0487em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7157em;top:23.0487em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:23.97em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7782em;top:23.97em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0301em;top:23.97em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:24.8837em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3219em;top:24.8837em;"><span class="stl_341 stl_08 stl_253">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6026em;top:24.8837em;"><span class="stl_341 stl_08 stl_572">1,933  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:26.3243em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.0321em;">Average number of employees during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4701em;top:26.3243em;"><span class="stl_26 stl_13 stl_328">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7426em;top:26.3243em;"><span class="stl_26 stl_13 stl_36">4,849  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.2456em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">Number of full-time employees at the end of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5726em;top:27.2456em;"><span class="stl_26 stl_13 stl_794">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7301em;top:27.2456em;"><span class="stl_26 stl_13 stl_377">4,409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:28.7149em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0312em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 29m (DKK 37m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.7227em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:23.7152em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:23.7152em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.274em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Impairment of intangible rights related to production  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7175em;top:25.274em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:25.274em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.1952em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0383em;">Impairment of in-progress development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:26.1952em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9338em;top:26.1952em;"><span class="stl_26 stl_13 stl_21">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.1165em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Remeasurement of technology-debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5569em;top:27.1165em;"><span class="stl_26 stl_13 stl_441">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8025em;top:27.1165em;"><span class="stl_26 stl_13 stl_388">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.0377em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Severance costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:28.0377em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9207em;top:28.0377em;"><span class="stl_26 stl_13 stl_82">45  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.959em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">Legal and outplacement costs in relation to severance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:28.959em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:28.959em;"><span class="stl_26 stl_13 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.8802em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">Write-down of Ambu</span><sup style="top: -0.2078em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:0.1788em;">® </span></sup><span class="stl_26 stl_13 stl_540">aScope</span><sup style="top: -0.2081em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:0.1788em;">™ </span></sup><span class="stl_26 stl_13 stl_121" style="word-spacing:-0.0289em;">Duodeno 1.5 inventories  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2211em;top:29.8805em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9467em;top:29.8805em;"><span class="stl_26 stl_13 stl_387">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7242em;top:30.8018em;"><span class="stl_26 stl_13 stl_121" style="word-spacing:-0.0289em;">Termination costs CEO, remuneration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2211em;top:30.8018em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9686em;top:30.8018em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:31.723em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0307em;">Termination costs CEO, share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2217em;top:31.723em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3049em;top:31.723em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:32.6368em;"><span class="stl_341 stl_08 stl_46" style="word-spacing:-0.0321em;">Total special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0136em;top:32.6368em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4705em;top:32.6368em;"><span class="stl_341 stl_08 stl_45">148  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:34.1137em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">Remeasurement of the historical technology acquisition amounted to an income of DKK 19m (DKK 15m)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:34.8637em;"><span class="stl_26 stl_13 stl_529" style="word-spacing:-0.0198em;">in 2022/23.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5788em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.0249em;"><span class="stl_26 stl_13 stl_107" style="word-spacing:-0.0429em;">Deferred tax at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4588em;top:12.0249em;"><span class="stl_26 stl_13 stl_364">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7588em;top:12.0249em;"><span class="stl_26 stl_13 stl_868">-24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.8756em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8894em;top:12.8756em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.1413em;top:12.8756em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.7262em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">Deferred tax on share-based payment recognised in equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5013em;top:13.7262em;"><span class="stl_26 stl_13 stl_162">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:13.7262em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.5768em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">Deferred tax for the year recognised in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7157em;top:14.5768em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7288em;top:14.5768em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.4274em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Adjustment in respect of previous years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.825em;top:15.4274em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9894em;top:15.4274em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.2706em;"><span class="stl_341 stl_08 stl_107" style="word-spacing:-0.0428em;">Deferred tax at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:16.2706em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:16.2706em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:17.6093em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.0431em;">Deferred tax relates to:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.4674em;"><span class="stl_26 stl_13 stl_525" style="word-spacing:-0.0417em;">Intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:18.4674em;"><span class="stl_26 stl_13 stl_97">383  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5432em;top:18.4674em;"><span class="stl_26 stl_13 stl_467">438  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.318em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.685em;top:19.318em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.95em;top:19.318em;"><span class="stl_26 stl_13 stl_428">24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.1687em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.0431em;">Current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4588em;top:20.1687em;"><span class="stl_26 stl_13 stl_364">-54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7288em;top:20.1687em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.0193em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">Deferred tax on share-based payment recognised in equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:21.0193em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:21.0193em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.8699em;"><span class="stl_26 stl_13 stl_32">Provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6769em;top:21.8699em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:21.8699em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.7205em;"><span class="stl_26 stl_13 stl_564">Payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5563em;top:22.7205em;"><span class="stl_26 stl_13 stl_441">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7575em;top:22.7205em;"><span class="stl_26 stl_13 stl_387">-21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.5712em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Tax loss carry-forwards  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0869em;top:23.5712em;"><span class="stl_26 stl_13 stl_68">-447  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3644em;top:23.5712em;"><span class="stl_26 stl_13 stl_376">-473  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:24.4143em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:24.4143em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:25.753em;"><span class="stl_341 stl_08 stl_465" style="word-spacing:-0.0389em;">Classified in the balance sheet as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:26.6112em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.0431em;">Deferred tax asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.45em;top:26.6112em;"><span class="stl_26 stl_13 stl_839">-85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7719em;top:26.6112em;"><span class="stl_26 stl_13 stl_385">-70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.4618em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0431em;">Deferred tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:27.4618em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:27.4618em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3763em;top:28.3049em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6244em;top:28.3049em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_259 stl_08 stl_46" style="word-spacing:-0.0322em;">5.2 Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5387em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">The Group's incentive-based remuneration to the Executive Management is described in the 'Remuner-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0331em;">ation Report 2022/23. Share-based payment is governed by the Remuneration Policy approved by the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0387em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">Board of Directors.The Board of Directors does not receive share-based payment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5312em;"><span class="stl_341 stl_08 stl_48" style="word-spacing:-0.0393em;">Total share-based payment costs in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.4836em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:14.4761em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:14.4761em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.0349em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">Performance Share Units, amortised cost during the period based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.7849em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.032em;">on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:16.7849em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:16.7849em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.7061em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">Fair value adjustment of settled-in-cash Performance Share Units  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:17.7061em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8326em;top:17.7061em;"><span class="stl_26 stl_13 stl_16">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.6274em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">Fair value adjustment of settled-in-cash Performance Share Units, previous  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.3774em;"><span class="stl_26 stl_13 stl_87">management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:19.3774em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1976em;top:19.3774em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2911em;"><span class="stl_341 stl_08 stl_498" style="word-spacing:-0.0395em;">Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7376em;top:20.2911em;"><span class="stl_341 stl_08 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7632em;top:20.2911em;"><span class="stl_341 stl_08 stl_448">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:21.7318em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0405em;">Performance Share Units, amortised cost during vesting-period based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:22.4818em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7776em;top:22.4818em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:22.4818em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:23.403em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Share options, amortised cost during vesting-period based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:24.153em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9463em;top:24.153em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:24.153em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:25.0743em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Employee shares, amortised cost during vesting-period based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:25.8243em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7776em;top:25.8243em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:25.8243em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:26.738em;"><span class="stl_341 stl_08 stl_48" style="word-spacing:-0.0395em;">Total costs for share-based payment in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3244em;top:26.738em;"><span class="stl_341 stl_08 stl_111">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9894em;top:26.738em;"><span class="stl_341 stl_08 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.2074em;"><span class="stl_341 stl_08 stl_331" style="word-spacing:-0.0384em;">Performance Share Units (PSU)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.9649em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0353em;">In 2022/23 Ambu established a share-based, long-term incentive plan for the Executive Management and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.7149em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">key employees selected on the basis of job level by way of granting PSUs. The financial target weighted  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.4649em;"><span class="stl_26 stl_13 stl_61" style="word-spacing:-0.0304em;">into the performance was organic revenue growth (50%) and EBIT (50%). The fair value per PSU at grant  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.2149em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">date was DKK 91.22. The program vests three years after grant on January 2026.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.7149em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">In 2021/22, a PSU program was granted under the same conditions as 2022/23. The fair value per PSU  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.4649em;z-index:2868;"><span class="stl_26 stl_13 stl_123" style="word-spacing:-0.0181em;">at grant date was DKK 16</span><span class="stl_26 stl_13 stl_367">7</span><span class="stl_26 stl_13 stl_377">.</span><span class="stl_26 stl_13 stl_62">8</span><span class="stl_26 stl_13 stl_367">7</span><span class="stl_26 stl_13 stl_16" style="word-spacing:0em;">. </span><span class="stl_26 stl_13 stl_80">T</span><span class="stl_26 stl_13 stl_174" style="word-spacing:-0.0271em;">he financial target was organic revenue (100%), but was not achieved and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.2149em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">thus all PSUs were subsequently cancelled. However, the CEO was granted a sign-on bonus, in respect of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.9649em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">a PSU program, at a grant value of DKK 1m earned over the course of three years.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.8152em;top:10.5554em;"><span class="stl_341 stl_08 stl_68">Executive  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1702em;top:10.5554em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.0442em;">Other and former  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.2659em;top:11.3054em;"><span class="stl_341 stl_08 stl_54">Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.2009em;top:11.3054em;"><span class="stl_341 stl_08 stl_564">employees  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7071em;top:11.3054em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7246em;top:12.376em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.039em;top:12.3685em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.8671em;top:12.3685em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.5977em;top:12.3685em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4258em;top:12.3685em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1565em;top:12.3685em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9846em;top:12.3685em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:13.8229em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">Outstanding PSUs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:14.5729em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0316em;">beginning of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.0908em;top:14.5729em;"><span class="stl_26 stl_13 stl_240">8,548  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.3158em;top:14.5729em;"><span class="stl_26 stl_13 stl_1017">127,928  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.9902em;top:14.5729em;"><span class="stl_26 stl_13 stl_188">189,884  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0958em;top:14.5729em;"><span class="stl_26 stl_13 stl_141">80,900  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5258em;top:14.5729em;"><span class="stl_26 stl_13 stl_255">198,432  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.279em;top:14.5729em;"><span class="stl_26 stl_13 stl_247">208,828  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:15.4941em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">Allocated during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.8446em;top:15.4941em;"><span class="stl_26 stl_13 stl_1016">76,100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2665em;top:15.4941em;"><span class="stl_26 stl_13 stl_445">105,190  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.0246em;top:15.4941em;"><span class="stl_26 stl_13 stl_387">238,917  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.7446em;top:15.4941em;"><span class="stl_26 stl_13 stl_371">188,396  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6165em;top:15.4941em;"><span class="stl_26 stl_13 stl_1020">315,017  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2633em;top:15.4941em;"><span class="stl_26 stl_13 stl_90">293,586  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:16.4154em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5746em;top:16.4154em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.1033em;top:16.4154em;"><span class="stl_26 stl_13 stl_989">-212,180  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.1333em;top:16.4154em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8533em;top:16.4154em;"><span class="stl_26 stl_13 stl_1018">212,180  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6921em;top:16.4154em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4715em;top:16.4154em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:17.3366em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">Exercised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.574em;top:17.3366em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3533em;top:17.3366em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.8371em;top:17.3366em;"><span class="stl_26 stl_13 stl_803">-168,070  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9858em;top:17.3366em;"><span class="stl_26 stl_13 stl_1019">-28,612  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3965em;top:17.3366em;"><span class="stl_26 stl_13 stl_803">-168,070  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.5452em;top:17.3366em;"><span class="stl_26 stl_13 stl_1019">-28,612  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:18.2579em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.574em;top:18.2579em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.4065em;top:18.2579em;"><span class="stl_26 stl_13 stl_215">-12,390  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.4421em;top:18.2579em;"><span class="stl_26 stl_13 stl_598">-5,846  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.579em;top:18.2579em;"><span class="stl_26 stl_13 stl_421">-262,980  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0008em;top:18.2579em;"><span class="stl_26 stl_13 stl_598">-5,846  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.1383em;top:18.2579em;"><span class="stl_26 stl_13 stl_561">-275,370  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:19.1716em;"><span class="stl_341 stl_08 stl_489" style="word-spacing:-0.0448em;">Outstanding PSUs end  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:19.9216em;"><span class="stl_341 stl_08 stl_97" style="word-spacing:-0.038em;">of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.5015em;top:19.9216em;"><span class="stl_341 stl_08 stl_386">86,648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.694em;top:19.9216em;"><span class="stl_341 stl_08 stl_35">8,548  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.6508em;top:19.9216em;"><span class="stl_341 stl_08 stl_69">254,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5133em;top:19.9216em;"><span class="stl_341 stl_08 stl_210">189,884  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.2533em;top:19.9216em;"><span class="stl_341 stl_08 stl_371">339,533  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0252em;top:19.9216em;"><span class="stl_341 stl_08 stl_273">198,432  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:21.3622em;"><span class="stl_26 stl_13 stl_96" style="word-spacing:-0.0435em;">Of which will be settled  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:22.1122em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0415em;">in cash  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5733em;top:22.1122em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3527em;top:22.1122em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.1321em;top:22.1122em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1683em;top:22.1122em;"><span class="stl_26 stl_13 stl_1024">99,316  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6908em;top:22.1122em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.7271em;top:22.1122em;"><span class="stl_26 stl_13 stl_1024">99,316  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:23.5816em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">Outstanding PSUs have on average 2.2 years and 2.2 years until contract expiry for the Executive Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:24.3316em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">ment and 'Other and former employees', respectively. The average market price on the date of exercise  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:25.0816em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">was DKK 92.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:26.5741em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0355em;">Employee shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:27.5679em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Ambu is offering all its employees the opportunity to acquire a number of shares based on a fixed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:28.3179em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">percentage of their annual base salary. The number of shares with which an employee participates are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:29.0679em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">matched free of charge after two years. The Executive Management participates with 646 shares in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:29.8179em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">current employee share programmes currently under vesting. The total market value at the time of alloca-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:30.5679em;"><span class="stl_26 stl_13 stl_137" style="word-spacing:-0.0231em;">tion in 2023 was DKK 7m (DKK </span><span class="stl_26 stl_13 stl_57">1</span><span class="stl_26 stl_13 stl_169" style="word-spacing:-0.0214em;">1m) at a fair value per share of DKK 108.69 (DKK 95.56) at grant date.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.0266em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1569em;top:32.0191em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:32.0191em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.5778em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">Outstanding beginning of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.54em;top:33.5778em;"><span class="stl_26 stl_13 stl_180">162,053  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3588em;top:33.5778em;"><span class="stl_26 stl_13 stl_593">128,361  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:34.4991em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">Allocated during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.9419em;top:34.4991em;z-index:1442;"><span class="stl_26 stl_13 stl_1025">67</span><span class="stl_26 stl_13 stl_347">,</span><span class="stl_26 stl_13 stl_86">364  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.4538em;top:34.4991em;"><span class="stl_26 stl_13 stl_455">111,795  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:35.4203em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0329em;">Released during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7182em;top:35.4203em;z-index:1480;"><span class="stl_26 stl_13 stl_95">-3</span><span class="stl_26 stl_13 stl_367">7</span><span class="stl_26 stl_13 stl_97">,</span><span class="stl_26 stl_13 stl_490">488  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.4344em;top:35.4203em;"><span class="stl_26 stl_13 stl_222">-64,993  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.3416em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7907em;top:36.3416em;"><span class="stl_26 stl_13 stl_399">-12,770  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.6563em;top:36.3416em;"><span class="stl_26 stl_13 stl_960">-13,110  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.2553em;"><span class="stl_341 stl_08 stl_417" style="word-spacing:-0.044em;">Outstanding end of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.4144em;top:37.2553em;"><span class="stl_341 stl_08 stl_1026">179,159  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0325em;top:37.2553em;"><span class="stl_341 stl_08 stl_292">162,053  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Legacy incentive equity-based remuneration to current and prior employees, including prior Executive  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Management, include stock options and warrants. According to the current remuneration policy, Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0387em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0397em;">only grants PSUs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.9049em;top:13.4899em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.04em;">Share options  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.1912em;top:13.4899em;"><span class="stl_341 stl_08 stl_28">Warrants  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.4312em;top:13.4899em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:14.5605em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.763em;top:14.553em;"><span class="stl_341 stl_08 stl_307" style="word-spacing:1.4907em;">2022/23 2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3218em;top:14.553em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.1499em;top:14.553em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.8805em;top:14.553em;"><span class="stl_341 stl_08 stl_307" style="word-spacing:1.4907em;">2022/23 2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:16.0074em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Outstanding beginning  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:16.7574em;"><span class="stl_26 stl_13 stl_248" style="word-spacing:-0.0307em;">of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.6837em;top:16.7574em;"><span class="stl_26 stl_13 stl_423" style="word-spacing:1.1865em;">1,774,247 2,058,214  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.7318em;top:16.7574em;"><span class="stl_26 stl_13 stl_235">169,500  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4568em;top:16.7574em;"><span class="stl_26 stl_13 stl_286">182,000  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.8262em;top:16.7574em;"><span class="stl_26 stl_13 stl_212" style="word-spacing:1.2016em;">1,943,747 2,240,214  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:17.6787em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">Exercised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.9943em;top:17.6787em;"><span class="stl_26 stl_13 stl_1021">-314,760  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.8405em;top:17.6787em;"><span class="stl_26 stl_13 stl_1022">-269,165  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8587em;top:17.6787em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.6737em;top:17.6787em;"><span class="stl_26 stl_13 stl_244">-12,500  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.1124em;top:17.6787em;"><span class="stl_26 stl_13 stl_1021">-314,760  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8524em;top:17.6787em;"><span class="stl_26 stl_13 stl_190">-281,665  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:18.5999em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.313em;top:18.5999em;"><span class="stl_26 stl_13 stl_195">-21,330  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.1162em;top:18.5999em;"><span class="stl_26 stl_13 stl_209">-14,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.5687em;top:18.5999em;"><span class="stl_26 stl_13 stl_298">-169,500  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6374em;top:18.5999em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.078em;top:18.5999em;"><span class="stl_26 stl_13 stl_544">-190,830  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.2343em;top:18.5999em;"><span class="stl_26 stl_13 stl_209">-14,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:19.5137em;"><span class="stl_341 stl_08 stl_516" style="word-spacing:-0.0474em;">Outstanding end of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:20.2637em;"><span class="stl_341 stl_08 stl_377" style="word-spacing:-0.036em;">the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.3262em;top:20.2637em;"><span class="stl_341 stl_08 stl_242" style="word-spacing:0.7188em;">1,438,157 1,774,247  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8493em;top:20.2637em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.2387em;top:20.2637em;"><span class="stl_341 stl_08 stl_1023" style="word-spacing:0.7588em;">169,500 1,438,157 1,943,747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:21.7043em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">Of which are vested  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.663em;top:21.7043em;"><span class="stl_26 stl_13 stl_187" style="word-spacing:1.2691em;">1,438,157 1,138,654  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8574em;top:21.7043em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.5105em;top:21.7043em;"><span class="stl_26 stl_13 stl_389" style="word-spacing:1.2634em;">169,500 1,438,157 1,308,154  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:23.1737em;"><span class="stl_26 stl_13 stl_149" style="word-spacing:-0.0252em;">The average market price on the date of exercise of share options was DKK 106.32 in 2022/23 (2021/22:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:23.9237em;"><span class="stl_26 stl_13 stl_147" style="word-spacing:-0.0244em;">DKK 167.65). Outstanding share options have on average 1.1 years until contract expiry, at an average  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:24.6737em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">exercise price of DKK 128.60 per option.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:26.1662em;"><span class="stl_341 stl_08 stl_420" style="word-spacing:-0.0376em;">§ Accounting policy  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:26.9237em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">The fair value of Ambu’s share-based payment is expensed on an accrual basis. Fair value of equity-based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:27.6737em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">schemes at the time of allocation is calculated according to recognised valuation models or methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:28.4237em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0381em;">This value is expensed over the service period for each of the respective schemes and is taken to equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:29.1737em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">On recognition of the fair value during the service period, account is taken of the number of employees  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:29.9237em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">who are expected to obtain a final right to the scheme, including the conditions to which the allocation is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:30.6737em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">subject. This estimate is reassessed at the end of each reporting period, so that only the number of rights  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:31.4237em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">expected to be vested are recognised. Adjustments relating to previous periods are recognised in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:32.1737em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">period in which the adjustment is made. The fair value per unit does not change.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:33.6737em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">PSUs that are settled in cash are taken to liabilities, instead of equity, and the fair value adjustment of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:34.4237em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">respective scheme at end of the period is expensed to the income statement. This includes any changes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:35.1737em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">in the quoted price of the Ambu B-share on Nasdaq Copenhagen.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4849em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">Staff costs are distributed between the Executive Management, the Board of Directors and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">employees as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.6943em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:12.6868em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:12.6868em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Remuneration, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4107em;top:14.2456em;"><span class="stl_26 stl_13 stl_103">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:14.2456em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:15.1668em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8026em;top:15.1668em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:16.0881em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6151em;top:16.0881em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:16.0881em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.0093em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6151em;top:17.0093em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6938em;top:17.0093em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:17.9306em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Severance pay, share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7782em;top:17.9306em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0301em;top:17.9306em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:18.8443em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3282em;top:18.8443em;"><span class="stl_341 stl_08 stl_21">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5938em;top:18.8443em;"><span class="stl_341 stl_08 stl_387">31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:20.285em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5201em;top:20.285em;"><span class="stl_26 stl_13 stl_542">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8194em;top:20.285em;"><span class="stl_26 stl_13 stl_445">1,679  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:21.2062em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4394em;top:21.2062em;"><span class="stl_26 stl_13 stl_575">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6544em;top:21.2062em;"><span class="stl_26 stl_13 stl_35">68  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:22.1275em;"><span class="stl_26 stl_13 stl_324" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0769em;top:22.1275em;"><span class="stl_26 stl_13 stl_355">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3207em;top:22.1275em;"><span class="stl_26 stl_13 stl_84">138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:23.0487em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4388em;top:23.0487em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7157em;top:23.0487em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:23.97em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7782em;top:23.97em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0301em;top:23.97em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:24.8837em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3219em;top:24.8837em;"><span class="stl_341 stl_08 stl_253">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6026em;top:24.8837em;"><span class="stl_341 stl_08 stl_572">1,933  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:26.3243em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.0321em;">Average number of employees during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4701em;top:26.3243em;"><span class="stl_26 stl_13 stl_328">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7426em;top:26.3243em;"><span class="stl_26 stl_13 stl_36">4,849  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.2456em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">Number of full-time employees at the end of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5726em;top:27.2456em;"><span class="stl_26 stl_13 stl_794">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7301em;top:27.2456em;"><span class="stl_26 stl_13 stl_377">4,409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:28.7149em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0312em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 29m (DKK 37m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5312em;"><span class="stl_341 stl_08 stl_48" style="word-spacing:-0.0393em;">Total share-based payment costs in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.4836em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:14.4761em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:14.4761em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.0349em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">Performance Share Units, amortised cost during the period based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.7849em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.032em;">on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:16.7849em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:16.7849em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.7061em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">Fair value adjustment of settled-in-cash Performance Share Units  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:17.7061em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8326em;top:17.7061em;"><span class="stl_26 stl_13 stl_16">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.6274em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">Fair value adjustment of settled-in-cash Performance Share Units, previous  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.3774em;"><span class="stl_26 stl_13 stl_87">management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:19.3774em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1976em;top:19.3774em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2911em;"><span class="stl_341 stl_08 stl_498" style="word-spacing:-0.0395em;">Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7376em;top:20.2911em;"><span class="stl_341 stl_08 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7632em;top:20.2911em;"><span class="stl_341 stl_08 stl_448">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:21.7318em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0405em;">Performance Share Units, amortised cost during vesting-period based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:22.4818em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7776em;top:22.4818em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:22.4818em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:23.403em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Share options, amortised cost during vesting-period based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:24.153em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9463em;top:24.153em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:24.153em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:25.0743em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Employee shares, amortised cost during vesting-period based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:25.8243em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7776em;top:25.8243em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:25.8243em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:26.738em;"><span class="stl_341 stl_08 stl_48" style="word-spacing:-0.0395em;">Total costs for share-based payment in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3244em;top:26.738em;"><span class="stl_341 stl_08 stl_111">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9894em;top:26.738em;"><span class="stl_341 stl_08 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.8152em;top:10.5554em;"><span class="stl_341 stl_08 stl_68">Executive  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1702em;top:10.5554em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.0442em;">Other and former  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.2659em;top:11.3054em;"><span class="stl_341 stl_08 stl_54">Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.2009em;top:11.3054em;"><span class="stl_341 stl_08 stl_564">employees  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7071em;top:11.3054em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7246em;top:12.376em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.039em;top:12.3685em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.8671em;top:12.3685em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.5977em;top:12.3685em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4258em;top:12.3685em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1565em;top:12.3685em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9846em;top:12.3685em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:13.8229em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">Outstanding PSUs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:14.5729em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0316em;">beginning of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.0908em;top:14.5729em;"><span class="stl_26 stl_13 stl_240">8,548  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.3158em;top:14.5729em;"><span class="stl_26 stl_13 stl_1017">127,928  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.9902em;top:14.5729em;"><span class="stl_26 stl_13 stl_188">189,884  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0958em;top:14.5729em;"><span class="stl_26 stl_13 stl_141">80,900  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5258em;top:14.5729em;"><span class="stl_26 stl_13 stl_255">198,432  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.279em;top:14.5729em;"><span class="stl_26 stl_13 stl_247">208,828  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.724em;top:15.4941em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">Allocated during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.8446em;top:15.4941em;"><span class="stl_26 stl_13 stl_1016">76,100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2665em;top:15.4941em;"><span class="stl_26 stl_13 stl_445">105,190  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.0246em;top:15.4941em;"><span class="stl_26 stl_13 stl_387">238,917  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.7446em;top:15.4941em;"><span class="stl_26 stl_13 stl_371">188,396  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6165em;top:15.4941em;"><span class="stl_26 stl_13 stl_1020">315,017  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2633em;top:15.4941em;"><span class="stl_26 stl_13 stl_90">293,586  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:16.4154em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5746em;top:16.4154em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.1033em;top:16.4154em;"><span class="stl_26 stl_13 stl_989">-212,180  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.1333em;top:16.4154em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8533em;top:16.4154em;"><span class="stl_26 stl_13 stl_1018">212,180  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6921em;top:16.4154em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4715em;top:16.4154em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:17.3366em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">Exercised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.574em;top:17.3366em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3533em;top:17.3366em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.8371em;top:17.3366em;"><span class="stl_26 stl_13 stl_803">-168,070  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9858em;top:17.3366em;"><span class="stl_26 stl_13 stl_1019">-28,612  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3965em;top:17.3366em;"><span class="stl_26 stl_13 stl_803">-168,070  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.5452em;top:17.3366em;"><span class="stl_26 stl_13 stl_1019">-28,612  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:18.2579em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.574em;top:18.2579em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.4065em;top:18.2579em;"><span class="stl_26 stl_13 stl_215">-12,390  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.4421em;top:18.2579em;"><span class="stl_26 stl_13 stl_598">-5,846  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.579em;top:18.2579em;"><span class="stl_26 stl_13 stl_421">-262,980  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0008em;top:18.2579em;"><span class="stl_26 stl_13 stl_598">-5,846  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.1383em;top:18.2579em;"><span class="stl_26 stl_13 stl_561">-275,370  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:19.1716em;"><span class="stl_341 stl_08 stl_489" style="word-spacing:-0.0448em;">Outstanding PSUs end  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:19.9216em;"><span class="stl_341 stl_08 stl_97" style="word-spacing:-0.038em;">of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.5015em;top:19.9216em;"><span class="stl_341 stl_08 stl_386">86,648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.694em;top:19.9216em;"><span class="stl_341 stl_08 stl_35">8,548  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.6508em;top:19.9216em;"><span class="stl_341 stl_08 stl_69">254,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5133em;top:19.9216em;"><span class="stl_341 stl_08 stl_210">189,884  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.2533em;top:19.9216em;"><span class="stl_341 stl_08 stl_371">339,533  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0252em;top:19.9216em;"><span class="stl_341 stl_08 stl_273">198,432  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:21.3622em;"><span class="stl_26 stl_13 stl_96" style="word-spacing:-0.0435em;">Of which will be settled  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7221em;top:22.1122em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0415em;">in cash  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5733em;top:22.1122em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3527em;top:22.1122em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.1321em;top:22.1122em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1683em;top:22.1122em;"><span class="stl_26 stl_13 stl_1024">99,316  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6908em;top:22.1122em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.7271em;top:22.1122em;"><span class="stl_26 stl_13 stl_1024">99,316  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5312em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">Revenue from the sale of goods is recognised in the income statement when all performance obligations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0301em;">have been fulfilled. Revenue is measured at the fair value of the agreed consideration, exclusive of VAT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">and taxes collected on behalf of a third party. At the time of recognition of income, a number of price  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0365em;">adjustments are also estimated. These are recognised as a reduction to revenue.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.6983em;"><span class="stl_259 stl_08 stl_240" style="word-spacing:-0.0484em;">2.3 Staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.0111em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0413em;">The staff costs of the Group are distributed onto the respective functions as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.4699em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:24.4624em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:24.4624em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.0211em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:26.0211em;"><span class="stl_26 stl_13 stl_465">409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6332em;top:26.0211em;"><span class="stl_26 stl_13 stl_72">416  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.9424em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2957em;top:26.9424em;"><span class="stl_26 stl_13 stl_49">833  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5444em;top:26.9424em;"><span class="stl_26 stl_13 stl_359">883  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.8636em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6982em;top:27.8636em;"><span class="stl_26 stl_13 stl_428">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9444em;top:27.8636em;"><span class="stl_26 stl_13 stl_62">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.7849em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3094em;top:28.7849em;"><span class="stl_26 stl_13 stl_247">302  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6113em;top:28.7849em;"><span class="stl_26 stl_13 stl_791">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.7061em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:29.7061em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9525em;top:29.7061em;"><span class="stl_26 stl_13 stl_81">59  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.6199em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.04em;">Total staff expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6082em;top:30.6199em;"><span class="stl_341 stl_08 stl_741">1,628  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9144em;top:30.6199em;"><span class="stl_341 stl_08 stl_764">1,713  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.0605em;"><span class="stl_26 stl_13 stl_107" style="word-spacing:-0.0429em;">Staff costs included in intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3419em;top:32.0605em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:32.0605em;"><span class="stl_26 stl_13 stl_889">217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.9817em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Staff costs included in property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:32.9817em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:32.9817em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.8955em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5963em;top:33.8955em;"><span class="stl_341 stl_08 stl_120">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8769em;top:33.8955em;"><span class="stl_341 stl_08 stl_462">1,933  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4849em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">Staff costs are distributed between the Executive Management, the Board of Directors and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">employees as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.6943em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:12.6868em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:12.6868em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Remuneration, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4107em;top:14.2456em;"><span class="stl_26 stl_13 stl_103">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:14.2456em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:15.1668em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8026em;top:15.1668em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:16.0881em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6151em;top:16.0881em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:16.0881em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.0093em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6151em;top:17.0093em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6938em;top:17.0093em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:17.9306em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Severance pay, share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7782em;top:17.9306em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0301em;top:17.9306em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:18.8443em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3282em;top:18.8443em;"><span class="stl_341 stl_08 stl_21">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5938em;top:18.8443em;"><span class="stl_341 stl_08 stl_387">31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:20.285em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5201em;top:20.285em;"><span class="stl_26 stl_13 stl_542">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8194em;top:20.285em;"><span class="stl_26 stl_13 stl_445">1,679  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:21.2062em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4394em;top:21.2062em;"><span class="stl_26 stl_13 stl_575">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6544em;top:21.2062em;"><span class="stl_26 stl_13 stl_35">68  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:22.1275em;"><span class="stl_26 stl_13 stl_324" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0769em;top:22.1275em;"><span class="stl_26 stl_13 stl_355">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3207em;top:22.1275em;"><span class="stl_26 stl_13 stl_84">138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:23.0487em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4388em;top:23.0487em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7157em;top:23.0487em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:23.97em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7782em;top:23.97em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0301em;top:23.97em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:24.8837em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3219em;top:24.8837em;"><span class="stl_341 stl_08 stl_253">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6026em;top:24.8837em;"><span class="stl_341 stl_08 stl_572">1,933  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:26.3243em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.0321em;">Average number of employees during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4701em;top:26.3243em;"><span class="stl_26 stl_13 stl_328">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7426em;top:26.3243em;"><span class="stl_26 stl_13 stl_36">4,849  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.2456em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">Number of full-time employees at the end of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5726em;top:27.2456em;"><span class="stl_26 stl_13 stl_794">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7301em;top:27.2456em;"><span class="stl_26 stl_13 stl_377">4,409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:28.7149em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0312em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 29m (DKK 37m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.2075em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.9649em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Staff costs comprise remuneration, wages and salaries, pension contributions, etc., and share-based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:31.7149em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">payment to the company’s employees, including termination benefits. The Group has no defined benefit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:32.465em;"><span class="stl_26 stl_13 stl_59">plans.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.6983em;"><span class="stl_259 stl_08 stl_240" style="word-spacing:-0.0484em;">2.3 Staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.0111em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0413em;">The staff costs of the Group are distributed onto the respective functions as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.4699em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:24.4624em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:24.4624em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.0211em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:26.0211em;"><span class="stl_26 stl_13 stl_465">409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6332em;top:26.0211em;"><span class="stl_26 stl_13 stl_72">416  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.9424em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2957em;top:26.9424em;"><span class="stl_26 stl_13 stl_49">833  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5444em;top:26.9424em;"><span class="stl_26 stl_13 stl_359">883  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.8636em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6982em;top:27.8636em;"><span class="stl_26 stl_13 stl_428">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9444em;top:27.8636em;"><span class="stl_26 stl_13 stl_62">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.7849em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3094em;top:28.7849em;"><span class="stl_26 stl_13 stl_247">302  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6113em;top:28.7849em;"><span class="stl_26 stl_13 stl_791">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.7061em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:29.7061em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9525em;top:29.7061em;"><span class="stl_26 stl_13 stl_81">59  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.6199em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.04em;">Total staff expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6082em;top:30.6199em;"><span class="stl_341 stl_08 stl_741">1,628  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9144em;top:30.6199em;"><span class="stl_341 stl_08 stl_764">1,713  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.0605em;"><span class="stl_26 stl_13 stl_107" style="word-spacing:-0.0429em;">Staff costs included in intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3419em;top:32.0605em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:32.0605em;"><span class="stl_26 stl_13 stl_889">217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.9817em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Staff costs included in property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:32.9817em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:32.9817em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.8955em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5963em;top:33.8955em;"><span class="stl_341 stl_08 stl_120">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8769em;top:33.8955em;"><span class="stl_341 stl_08 stl_462">1,933  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4849em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">Staff costs are distributed between the Executive Management, the Board of Directors and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">employees as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.6943em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:12.6868em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:12.6868em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Remuneration, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4107em;top:14.2456em;"><span class="stl_26 stl_13 stl_103">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:14.2456em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:15.1668em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8026em;top:15.1668em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:16.0881em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6151em;top:16.0881em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:16.0881em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.0093em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6151em;top:17.0093em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6938em;top:17.0093em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:17.9306em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Severance pay, share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7782em;top:17.9306em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0301em;top:17.9306em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:18.8443em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3282em;top:18.8443em;"><span class="stl_341 stl_08 stl_21">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5938em;top:18.8443em;"><span class="stl_341 stl_08 stl_387">31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:20.285em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5201em;top:20.285em;"><span class="stl_26 stl_13 stl_542">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8194em;top:20.285em;"><span class="stl_26 stl_13 stl_445">1,679  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:21.2062em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4394em;top:21.2062em;"><span class="stl_26 stl_13 stl_575">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6544em;top:21.2062em;"><span class="stl_26 stl_13 stl_35">68  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:22.1275em;"><span class="stl_26 stl_13 stl_324" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0769em;top:22.1275em;"><span class="stl_26 stl_13 stl_355">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3207em;top:22.1275em;"><span class="stl_26 stl_13 stl_84">138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:23.0487em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4388em;top:23.0487em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7157em;top:23.0487em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:23.97em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7782em;top:23.97em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0301em;top:23.97em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:24.8837em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3219em;top:24.8837em;"><span class="stl_341 stl_08 stl_253">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6026em;top:24.8837em;"><span class="stl_341 stl_08 stl_572">1,933  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:26.3243em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.0321em;">Average number of employees during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4701em;top:26.3243em;"><span class="stl_26 stl_13 stl_328">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7426em;top:26.3243em;"><span class="stl_26 stl_13 stl_36">4,849  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.2456em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">Number of full-time employees at the end of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5726em;top:27.2456em;"><span class="stl_26 stl_13 stl_794">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7301em;top:27.2456em;"><span class="stl_26 stl_13 stl_377">4,409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:28.7149em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0312em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 29m (DKK 37m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.2075em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.9649em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Staff costs comprise remuneration, wages and salaries, pension contributions, etc., and share-based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:31.7149em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">payment to the company’s employees, including termination benefits. The Group has no defined benefit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:32.465em;"><span class="stl_26 stl_13 stl_59">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:26.5741em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0355em;">Employee shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:27.5679em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Ambu is offering all its employees the opportunity to acquire a number of shares based on a fixed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:28.3179em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">percentage of their annual base salary. The number of shares with which an employee participates are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:29.0679em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">matched free of charge after two years. The Executive Management participates with 646 shares in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:29.8179em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">current employee share programmes currently under vesting. The total market value at the time of alloca-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7215em;top:30.5679em;"><span class="stl_26 stl_13 stl_137" style="word-spacing:-0.0231em;">tion in 2023 was DKK 7m (DKK </span><span class="stl_26 stl_13 stl_57">1</span><span class="stl_26 stl_13 stl_169" style="word-spacing:-0.0214em;">1m) at a fair value per share of DKK 108.69 (DKK 95.56) at grant date.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.6983em;"><span class="stl_259 stl_08 stl_240" style="word-spacing:-0.0484em;">2.3 Staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.0111em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0413em;">The staff costs of the Group are distributed onto the respective functions as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.4699em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:24.4624em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:24.4624em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.0211em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:26.0211em;"><span class="stl_26 stl_13 stl_465">409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6332em;top:26.0211em;"><span class="stl_26 stl_13 stl_72">416  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.9424em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2957em;top:26.9424em;"><span class="stl_26 stl_13 stl_49">833  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5444em;top:26.9424em;"><span class="stl_26 stl_13 stl_359">883  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.8636em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6982em;top:27.8636em;"><span class="stl_26 stl_13 stl_428">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9444em;top:27.8636em;"><span class="stl_26 stl_13 stl_62">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.7849em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3094em;top:28.7849em;"><span class="stl_26 stl_13 stl_247">302  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6113em;top:28.7849em;"><span class="stl_26 stl_13 stl_791">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.7061em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:29.7061em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9525em;top:29.7061em;"><span class="stl_26 stl_13 stl_81">59  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.6199em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.04em;">Total staff expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6082em;top:30.6199em;"><span class="stl_341 stl_08 stl_741">1,628  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9144em;top:30.6199em;"><span class="stl_341 stl_08 stl_764">1,713  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.0605em;"><span class="stl_26 stl_13 stl_107" style="word-spacing:-0.0429em;">Staff costs included in intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3419em;top:32.0605em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:32.0605em;"><span class="stl_26 stl_13 stl_889">217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.9817em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Staff costs included in property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:32.9817em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:32.9817em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.8955em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5963em;top:33.8955em;"><span class="stl_341 stl_08 stl_120">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8769em;top:33.8955em;"><span class="stl_341 stl_08 stl_462">1,933  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4849em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">Staff costs are distributed between the Executive Management, the Board of Directors and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">employees as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.6943em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:12.6868em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:12.6868em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Remuneration, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4107em;top:14.2456em;"><span class="stl_26 stl_13 stl_103">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:14.2456em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:15.1668em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8026em;top:15.1668em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:16.0881em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6151em;top:16.0881em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:16.0881em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.0093em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6151em;top:17.0093em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6938em;top:17.0093em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:17.9306em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Severance pay, share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7782em;top:17.9306em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0301em;top:17.9306em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:18.8443em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3282em;top:18.8443em;"><span class="stl_341 stl_08 stl_21">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5938em;top:18.8443em;"><span class="stl_341 stl_08 stl_387">31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:20.285em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5201em;top:20.285em;"><span class="stl_26 stl_13 stl_542">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8194em;top:20.285em;"><span class="stl_26 stl_13 stl_445">1,679  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:21.2062em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4394em;top:21.2062em;"><span class="stl_26 stl_13 stl_575">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6544em;top:21.2062em;"><span class="stl_26 stl_13 stl_35">68  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:22.1275em;"><span class="stl_26 stl_13 stl_324" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0769em;top:22.1275em;"><span class="stl_26 stl_13 stl_355">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3207em;top:22.1275em;"><span class="stl_26 stl_13 stl_84">138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:23.0487em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4388em;top:23.0487em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7157em;top:23.0487em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:23.97em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7782em;top:23.97em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0301em;top:23.97em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:24.8837em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3219em;top:24.8837em;"><span class="stl_341 stl_08 stl_253">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6026em;top:24.8837em;"><span class="stl_341 stl_08 stl_572">1,933  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:26.3243em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.0321em;">Average number of employees during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4701em;top:26.3243em;"><span class="stl_26 stl_13 stl_328">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7426em;top:26.3243em;"><span class="stl_26 stl_13 stl_36">4,849  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.2456em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">Number of full-time employees at the end of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5726em;top:27.2456em;"><span class="stl_26 stl_13 stl_794">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7301em;top:27.2456em;"><span class="stl_26 stl_13 stl_377">4,409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:28.7149em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0312em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 29m (DKK 37m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.2075em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.9649em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Staff costs comprise remuneration, wages and salaries, pension contributions, etc., and share-based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:31.7149em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">payment to the company’s employees, including termination benefits. The Group has no defined benefit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:32.465em;"><span class="stl_26 stl_13 stl_59">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_64" style="word-spacing:-0.0351em;">2.4 Depreciation, amortisation and impairment losses on non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Amortisation of intangible assets identified in connection  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7987em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.705em;top:12.7987em;"><span class="stl_26 stl_13 stl_390">47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9163em;top:12.7987em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.7199em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Amortisation of intangible development projects and other incl. IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3613em;top:13.7199em;"><span class="stl_26 stl_13 stl_882">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5719em;top:13.7199em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.6412em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">Depreciation of property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:14.6412em;"><span class="stl_26 stl_13 stl_270">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:14.6412em;"><span class="stl_26 stl_13 stl_270">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.5624em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">Depreciation of right-of-use assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6719em;top:15.5624em;"><span class="stl_26 stl_13 stl_364">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9513em;top:15.5624em;"><span class="stl_26 stl_13 stl_382">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.4837em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Impairment losses on non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6832em;top:16.4837em;"><span class="stl_26 stl_13 stl_142">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9288em;top:16.4837em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.3974em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0389em;">Total depreciation, amortisation and impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1838em;top:17.3974em;"><span class="stl_341 stl_08 stl_32">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4632em;top:17.3974em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.8743em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0335em;">In 2021/22, DKK 50m of the total impairment losses on non-current assets of DKK 60m for the year relates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.6243em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0317em;">to the cost reduction program announced on 3 August 2022 and recognised as 'special items'. Please  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.3743em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0322em;">refer to note 2.6 for more information.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.8743em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">Depreciation, amortisation and impairment losses have been allocated to the following functions:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.333em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:23.3255em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:23.3255em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.8843em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:24.8843em;"><span class="stl_26 stl_13 stl_103">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9494em;top:24.8843em;"><span class="stl_26 stl_13 stl_380">78  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.8055em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6857em;top:25.8055em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9307em;top:25.8055em;"><span class="stl_26 stl_13 stl_36">38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:26.7268em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3325em;top:26.7268em;"><span class="stl_26 stl_13 stl_162">188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5938em;top:26.7268em;"><span class="stl_26 stl_13 stl_351">150  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.648em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6719em;top:27.648em;"><span class="stl_26 stl_13 stl_77">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9294em;top:27.648em;"><span class="stl_26 stl_13 stl_111">35  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.5693em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7113em;top:28.5693em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9332em;top:28.5693em;"><span class="stl_26 stl_13 stl_362">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:29.483em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0389em;">Total depreciation, amortisation and impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1832em;top:29.483em;"><span class="stl_341 stl_08 stl_32">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4625em;top:29.483em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:30.9524em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:31.7099em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">For a description of accounting policies, reference is made to notes 3.1, 3.2 and 3.3.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.0111em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0413em;">The staff costs of the Group are distributed onto the respective functions as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.4699em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:24.4624em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:24.4624em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.0211em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:26.0211em;"><span class="stl_26 stl_13 stl_465">409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6332em;top:26.0211em;"><span class="stl_26 stl_13 stl_72">416  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.9424em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2957em;top:26.9424em;"><span class="stl_26 stl_13 stl_49">833  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5444em;top:26.9424em;"><span class="stl_26 stl_13 stl_359">883  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.8636em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6982em;top:27.8636em;"><span class="stl_26 stl_13 stl_428">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9444em;top:27.8636em;"><span class="stl_26 stl_13 stl_62">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.7849em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3094em;top:28.7849em;"><span class="stl_26 stl_13 stl_247">302  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6113em;top:28.7849em;"><span class="stl_26 stl_13 stl_791">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.7061em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:29.7061em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9525em;top:29.7061em;"><span class="stl_26 stl_13 stl_81">59  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.6199em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.04em;">Total staff expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6082em;top:30.6199em;"><span class="stl_341 stl_08 stl_741">1,628  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9144em;top:30.6199em;"><span class="stl_341 stl_08 stl_764">1,713  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.0605em;"><span class="stl_26 stl_13 stl_107" style="word-spacing:-0.0429em;">Staff costs included in intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3419em;top:32.0605em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:32.0605em;"><span class="stl_26 stl_13 stl_889">217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.9817em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Staff costs included in property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:32.9817em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:32.9817em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.8955em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5963em;top:33.8955em;"><span class="stl_341 stl_08 stl_120">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8769em;top:33.8955em;"><span class="stl_341 stl_08 stl_462">1,933  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.4511em;"><span class="stl_259 stl_08 stl_87" style="word-spacing:-0.0318em;">2.6 Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.7227em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:23.7152em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:23.7152em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.274em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Impairment of intangible rights related to production  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7175em;top:25.274em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:25.274em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.1952em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0383em;">Impairment of in-progress development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:26.1952em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9338em;top:26.1952em;"><span class="stl_26 stl_13 stl_21">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.1165em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Remeasurement of technology-debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5569em;top:27.1165em;"><span class="stl_26 stl_13 stl_441">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8025em;top:27.1165em;"><span class="stl_26 stl_13 stl_388">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.0377em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Severance costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:28.0377em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9207em;top:28.0377em;"><span class="stl_26 stl_13 stl_82">45  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.959em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">Legal and outplacement costs in relation to severance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:28.959em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:28.959em;"><span class="stl_26 stl_13 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.8802em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">Write-down of Ambu</span><sup style="top: -0.2078em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:0.1788em;">® </span></sup><span class="stl_26 stl_13 stl_540">aScope</span><sup style="top: -0.2081em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:0.1788em;">™ </span></sup><span class="stl_26 stl_13 stl_121" style="word-spacing:-0.0289em;">Duodeno 1.5 inventories  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2211em;top:29.8805em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9467em;top:29.8805em;"><span class="stl_26 stl_13 stl_387">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7242em;top:30.8018em;"><span class="stl_26 stl_13 stl_121" style="word-spacing:-0.0289em;">Termination costs CEO, remuneration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2211em;top:30.8018em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9686em;top:30.8018em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:31.723em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0307em;">Termination costs CEO, share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2217em;top:31.723em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3049em;top:31.723em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:32.6368em;"><span class="stl_341 stl_08 stl_46" style="word-spacing:-0.0321em;">Total special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0136em;top:32.6368em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4705em;top:32.6368em;"><span class="stl_341 stl_08 stl_45">148  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:34.1137em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">Remeasurement of the historical technology acquisition amounted to an income of DKK 19m (DKK 15m)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:34.8637em;"><span class="stl_26 stl_13 stl_529" style="word-spacing:-0.0198em;">in 2022/23.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:10.4855em;"><span class="stl_26 stl_13 stl_69" style="word-spacing:-0.0309em;">In 2021/22, special items was a net expense of DKK 148m, mainly driven by costs associated with the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:11.2355em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0321em;">former CEO being replaced in May 2022, the cost reduction program announced on 3 August 2022 and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:11.9855em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">remeasurement of a historical technology acquisition within Anaesthesia and Patient Monitoring.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:13.4855em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">The cost reduction program targets three categories. Workforce reductions, scaling down in selected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:14.2355em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">in-progress development projects in future technologies and new product developments within Anaes-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:14.9855em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">thesia and Patient Monitoring and a decision not to launch Ambu</span><sup style="top: -0.208em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:0.1788em;">® </span></sup><span class="stl_26 stl_13 stl_146" style="word-spacing:-0.0253em;">aScope™ Duodeno 1.5 in additional  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:15.7356em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">markets for now, triggered write-down of excess inventories.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:17.2356em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">If special items had been recognised in Operating profit (EBIT) before special items, the impact would  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:17.9856em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">have been allocated to the following functions:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4443em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:19.4368em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:19.4368em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9956em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:20.9956em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6713em;top:20.9956em;"><span class="stl_26 stl_13 stl_387">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.9168em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.5857em;top:21.9168em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6669em;top:21.9168em;"><span class="stl_26 stl_13 stl_34">32  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.8381em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.432em;top:22.8381em;"><span class="stl_26 stl_13 stl_56">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6582em;top:22.8381em;"><span class="stl_26 stl_13 stl_362">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.7593em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">Management and administration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:23.7593em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7032em;top:23.7593em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.6731em;"><span class="stl_341 stl_08 stl_46" style="word-spacing:-0.0321em;">Total special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7376em;top:24.6731em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1945em;top:24.6731em;"><span class="stl_341 stl_08 stl_45">148  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.1425em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.9em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0395em;">Special items comprise costs or income that cannot be attributed directly to the Group's ordinary activi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.65em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">ties and are non-recuring in nature. Such costs include the cost related to significant restructuring of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">cost base and processes, as well as restructuring costs related to resignation of employees. Further spe-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.15em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">cial items include redundancy costs related to the Group's Management and impairment of assets.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.0111em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0413em;">The staff costs of the Group are distributed onto the respective functions as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.4699em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:24.4624em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:24.4624em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.0211em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:26.0211em;"><span class="stl_26 stl_13 stl_465">409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6332em;top:26.0211em;"><span class="stl_26 stl_13 stl_72">416  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.9424em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2957em;top:26.9424em;"><span class="stl_26 stl_13 stl_49">833  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5444em;top:26.9424em;"><span class="stl_26 stl_13 stl_359">883  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.8636em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6982em;top:27.8636em;"><span class="stl_26 stl_13 stl_428">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9444em;top:27.8636em;"><span class="stl_26 stl_13 stl_62">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.7849em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3094em;top:28.7849em;"><span class="stl_26 stl_13 stl_247">302  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6113em;top:28.7849em;"><span class="stl_26 stl_13 stl_791">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.7061em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:29.7061em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9525em;top:29.7061em;"><span class="stl_26 stl_13 stl_81">59  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.6199em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.04em;">Total staff expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6082em;top:30.6199em;"><span class="stl_341 stl_08 stl_741">1,628  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9144em;top:30.6199em;"><span class="stl_341 stl_08 stl_764">1,713  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.0605em;"><span class="stl_26 stl_13 stl_107" style="word-spacing:-0.0429em;">Staff costs included in intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3419em;top:32.0605em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:32.0605em;"><span class="stl_26 stl_13 stl_889">217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.9817em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Staff costs included in property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:32.9817em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:32.9817em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.8955em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5963em;top:33.8955em;"><span class="stl_341 stl_08 stl_120">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8769em;top:33.8955em;"><span class="stl_341 stl_08 stl_462">1,933  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4849em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">Staff costs are distributed between the Executive Management, the Board of Directors and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">employees as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.6943em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:12.6868em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:12.6868em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Remuneration, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4107em;top:14.2456em;"><span class="stl_26 stl_13 stl_103">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:14.2456em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:15.1668em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8026em;top:15.1668em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:16.0881em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6151em;top:16.0881em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0294em;top:16.0881em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.0093em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6151em;top:17.0093em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6938em;top:17.0093em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:17.9306em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0327em;">Severance pay, share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7782em;top:17.9306em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0301em;top:17.9306em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:18.8443em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3282em;top:18.8443em;"><span class="stl_341 stl_08 stl_21">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5938em;top:18.8443em;"><span class="stl_341 stl_08 stl_387">31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:20.285em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5201em;top:20.285em;"><span class="stl_26 stl_13 stl_542">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8194em;top:20.285em;"><span class="stl_26 stl_13 stl_445">1,679  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:21.2062em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4394em;top:21.2062em;"><span class="stl_26 stl_13 stl_575">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6544em;top:21.2062em;"><span class="stl_26 stl_13 stl_35">68  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:22.1275em;"><span class="stl_26 stl_13 stl_324" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0769em;top:22.1275em;"><span class="stl_26 stl_13 stl_355">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3207em;top:22.1275em;"><span class="stl_26 stl_13 stl_84">138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:23.0487em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4388em;top:23.0487em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7157em;top:23.0487em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:23.97em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7782em;top:23.97em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0301em;top:23.97em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:24.8837em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3219em;top:24.8837em;"><span class="stl_341 stl_08 stl_253">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6026em;top:24.8837em;"><span class="stl_341 stl_08 stl_572">1,933  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:26.3243em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.0321em;">Average number of employees during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4701em;top:26.3243em;"><span class="stl_26 stl_13 stl_328">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7426em;top:26.3243em;"><span class="stl_26 stl_13 stl_36">4,849  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.2456em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">Number of full-time employees at the end of the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5726em;top:27.2456em;"><span class="stl_26 stl_13 stl_794">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7301em;top:27.2456em;"><span class="stl_26 stl_13 stl_377">4,409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:28.7149em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0312em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 29m (DKK 37m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.7227em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:23.7152em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:23.7152em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.274em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Impairment of intangible rights related to production  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7175em;top:25.274em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:25.274em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.1952em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0383em;">Impairment of in-progress development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:26.1952em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9338em;top:26.1952em;"><span class="stl_26 stl_13 stl_21">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.1165em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Remeasurement of technology-debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5569em;top:27.1165em;"><span class="stl_26 stl_13 stl_441">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8025em;top:27.1165em;"><span class="stl_26 stl_13 stl_388">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.0377em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Severance costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:28.0377em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9207em;top:28.0377em;"><span class="stl_26 stl_13 stl_82">45  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.959em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0355em;">Legal and outplacement costs in relation to severance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:28.959em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:28.959em;"><span class="stl_26 stl_13 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.8802em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">Write-down of Ambu</span><sup style="top: -0.2078em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:0.1788em;">® </span></sup><span class="stl_26 stl_13 stl_540">aScope</span><sup style="top: -0.2081em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:0.1788em;">™ </span></sup><span class="stl_26 stl_13 stl_121" style="word-spacing:-0.0289em;">Duodeno 1.5 inventories  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2211em;top:29.8805em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9467em;top:29.8805em;"><span class="stl_26 stl_13 stl_387">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7242em;top:30.8018em;"><span class="stl_26 stl_13 stl_121" style="word-spacing:-0.0289em;">Termination costs CEO, remuneration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2211em;top:30.8018em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9686em;top:30.8018em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:31.723em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0307em;">Termination costs CEO, share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2217em;top:31.723em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3049em;top:31.723em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:32.6368em;"><span class="stl_341 stl_08 stl_46" style="word-spacing:-0.0321em;">Total special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0136em;top:32.6368em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4705em;top:32.6368em;"><span class="stl_341 stl_08 stl_45">148  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:34.1137em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">Remeasurement of the historical technology acquisition amounted to an income of DKK 19m (DKK 15m)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7249em;top:34.8637em;"><span class="stl_26 stl_13 stl_529" style="word-spacing:-0.0198em;">in 2022/23.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:10.4855em;"><span class="stl_26 stl_13 stl_69" style="word-spacing:-0.0309em;">In 2021/22, special items was a net expense of DKK 148m, mainly driven by costs associated with the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:11.2355em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0321em;">former CEO being replaced in May 2022, the cost reduction program announced on 3 August 2022 and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:11.9855em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">remeasurement of a historical technology acquisition within Anaesthesia and Patient Monitoring.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:13.4855em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">The cost reduction program targets three categories. Workforce reductions, scaling down in selected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:14.2355em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">in-progress development projects in future technologies and new product developments within Anaes-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:14.9855em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">thesia and Patient Monitoring and a decision not to launch Ambu</span><sup style="top: -0.208em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:0.1788em;">® </span></sup><span class="stl_26 stl_13 stl_146" style="word-spacing:-0.0253em;">aScope™ Duodeno 1.5 in additional  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:15.7356em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">markets for now, triggered write-down of excess inventories.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:17.2356em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">If special items had been recognised in Operating profit (EBIT) before special items, the impact would  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:17.9856em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">have been allocated to the following functions:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4443em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:19.4368em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:19.4368em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9956em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:20.9956em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6713em;top:20.9956em;"><span class="stl_26 stl_13 stl_387">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.9168em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.5857em;top:21.9168em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6669em;top:21.9168em;"><span class="stl_26 stl_13 stl_34">32  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.8381em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.432em;top:22.8381em;"><span class="stl_26 stl_13 stl_56">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6582em;top:22.8381em;"><span class="stl_26 stl_13 stl_362">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.7593em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">Management and administration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:23.7593em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7032em;top:23.7593em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.6731em;"><span class="stl_341 stl_08 stl_46" style="word-spacing:-0.0321em;">Total special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7376em;top:24.6731em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1945em;top:24.6731em;"><span class="stl_341 stl_08 stl_45">148  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.1425em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.9em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0395em;">Special items comprise costs or income that cannot be attributed directly to the Group's ordinary activi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.65em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">ties and are non-recuring in nature. Such costs include the cost related to significant restructuring of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">cost base and processes, as well as restructuring costs related to resignation of employees. Further spe-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.15em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">cial items include redundancy costs related to the Group's Management and impairment of assets.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.0255em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:24.018em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:24.018em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.5693em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0414em;">Amounts recognised in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.498em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">Expenses related to low value and short-term leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:26.498em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:26.498em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.4193em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">Interest on lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4513em;top:27.4193em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6938em;top:27.4193em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.8449em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.044em;">Depreciation of lease assets per asset class  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.7737em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Land and buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3951em;top:29.7737em;"><span class="stl_26 stl_13 stl_109">46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6488em;top:29.7737em;"><span class="stl_26 stl_13 stl_467">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.6949em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">Other plant, fixtures and fittings, tools and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4438em;top:30.6949em;"><span class="stl_26 stl_13 stl_394">19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6538em;top:30.6949em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.6087em;"><span class="stl_341 stl_08 stl_417" style="word-spacing:-0.0438em;">Depreciation of lease assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3194em;top:31.6087em;"><span class="stl_341 stl_08 stl_49">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5907em;top:31.6087em;"><span class="stl_341 stl_08 stl_300">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:33.0418em;"><span class="stl_341 stl_08 stl_96" style="word-spacing:-0.0433em;">Amounts recognised in the cash flow statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:33.9705em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Total cash outflow for leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4088em;top:33.9705em;"><span class="stl_26 stl_13 stl_371">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6744em;top:33.9705em;"><span class="stl_26 stl_13 stl_382">70  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.2075em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.9649em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Staff costs comprise remuneration, wages and salaries, pension contributions, etc., and share-based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:31.7149em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">payment to the company’s employees, including termination benefits. The Group has no defined benefit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:32.465em;"><span class="stl_26 stl_13 stl_59">plans.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_64" style="word-spacing:-0.0351em;">2.4 Depreciation, amortisation and impairment losses on non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Amortisation of intangible assets identified in connection  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7987em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.705em;top:12.7987em;"><span class="stl_26 stl_13 stl_390">47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9163em;top:12.7987em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.7199em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Amortisation of intangible development projects and other incl. IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3613em;top:13.7199em;"><span class="stl_26 stl_13 stl_882">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5719em;top:13.7199em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.6412em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">Depreciation of property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:14.6412em;"><span class="stl_26 stl_13 stl_270">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:14.6412em;"><span class="stl_26 stl_13 stl_270">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.5624em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">Depreciation of right-of-use assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6719em;top:15.5624em;"><span class="stl_26 stl_13 stl_364">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9513em;top:15.5624em;"><span class="stl_26 stl_13 stl_382">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.4837em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Impairment losses on non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6832em;top:16.4837em;"><span class="stl_26 stl_13 stl_142">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9288em;top:16.4837em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.3974em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0389em;">Total depreciation, amortisation and impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1838em;top:17.3974em;"><span class="stl_341 stl_08 stl_32">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4632em;top:17.3974em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.8743em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0335em;">In 2021/22, DKK 50m of the total impairment losses on non-current assets of DKK 60m for the year relates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.6243em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0317em;">to the cost reduction program announced on 3 August 2022 and recognised as 'special items'. Please  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.3743em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0322em;">refer to note 2.6 for more information.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.8743em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">Depreciation, amortisation and impairment losses have been allocated to the following functions:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.333em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:23.3255em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:23.3255em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.8843em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:24.8843em;"><span class="stl_26 stl_13 stl_103">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9494em;top:24.8843em;"><span class="stl_26 stl_13 stl_380">78  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.8055em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6857em;top:25.8055em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9307em;top:25.8055em;"><span class="stl_26 stl_13 stl_36">38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:26.7268em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3325em;top:26.7268em;"><span class="stl_26 stl_13 stl_162">188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5938em;top:26.7268em;"><span class="stl_26 stl_13 stl_351">150  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.648em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6719em;top:27.648em;"><span class="stl_26 stl_13 stl_77">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9294em;top:27.648em;"><span class="stl_26 stl_13 stl_111">35  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.5693em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7113em;top:28.5693em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9332em;top:28.5693em;"><span class="stl_26 stl_13 stl_362">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:29.483em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0389em;">Total depreciation, amortisation and impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1832em;top:29.483em;"><span class="stl_341 stl_08 stl_32">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4625em;top:29.483em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:30.9524em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:31.7099em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">For a description of accounting policies, reference is made to notes 3.1, 3.2 and 3.3.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3575em;top:10.4899em;"><span class="stl_341 stl_08 stl_327">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3507em;top:10.4899em;"><span class="stl_341 stl_08 stl_261">Devel-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.6569em;top:11.2399em;"><span class="stl_341 stl_08 stl_516">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.905em;top:11.2399em;"><span class="stl_341 stl_08 stl_579">opment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3138em;top:11.9899em;"><span class="stl_341 stl_08 stl_54">nologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.3732em;top:11.9899em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:0.5332em;">Acquired Completed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4982em;top:11.9899em;"><span class="stl_341 stl_08 stl_338">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7657em;top:11.9899em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.5863em;top:12.7399em;"><span class="stl_341 stl_08 stl_439">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.6725em;top:12.7399em;"><span class="stl_341 stl_08 stl_516">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5119em;top:12.7399em;"><span class="stl_341 stl_08 stl_37">develop-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2738em;top:12.7399em;"><span class="stl_341 stl_08 stl_51" style="word-spacing:-0.0368em;">incl. IT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3219em;top:12.7399em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.043em;">and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3519em;top:13.4899em;"><span class="stl_341 stl_08 stl_80" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.783em;top:13.4899em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0355em;">nologies in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.6388em;top:13.4899em;"><span class="stl_341 stl_08 stl_466">ment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8988em;top:13.4899em;"><span class="stl_341 stl_08 stl_690">soft-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6em;top:13.4899em;"><span class="stl_341 stl_08 stl_335" style="word-spacing:-0.0497em;">assets in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.4475em;top:14.2399em;"><span class="stl_341 stl_08 stl_328">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.4388em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6788em;top:14.2399em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7863em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">ware  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5413em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1232em;top:14.2399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.7912em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:17.2318em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.155em;top:17.2318em;"><span class="stl_26 stl_13 stl_366">732  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2075em;top:17.2318em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.6557em;top:17.2318em;"><span class="stl_26 stl_13 stl_426">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2807em;top:17.2318em;"><span class="stl_26 stl_13 stl_355">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2369em;top:17.2318em;"><span class="stl_26 stl_13 stl_363">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0094em;top:17.2318em;"><span class="stl_26 stl_13 stl_386">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.1531em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.9031em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3775em;top:18.9031em;"><span class="stl_26 stl_13 stl_388">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0638em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0794em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.15em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1657em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8019em;top:18.9031em;"><span class="stl_26 stl_13 stl_388">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.8243em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0469em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0625em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0782em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6444em;top:19.8243em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2819em;top:19.8243em;"><span class="stl_26 stl_13 stl_365">242  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5625em;top:19.8243em;"><span class="stl_26 stl_13 stl_418">255  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.7456em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0469em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0625em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.7469em;top:20.7456em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.7888em;top:20.7456em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1644em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.09em;top:20.7456em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:21.6668em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.19em;top:21.6668em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0144em;top:21.6668em;"><span class="stl_26 stl_13 stl_293">-212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.1663em;top:21.6668em;"><span class="stl_26 stl_13 stl_352">233  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6em;top:21.6668em;"><span class="stl_26 stl_13 stl_467">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.09em;top:21.6668em;"><span class="stl_26 stl_13 stl_45">-281  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4719em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:22.5806em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.0182em;top:22.5806em;"><span class="stl_341 stl_08 stl_418">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0532em;top:22.5806em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.4619em;top:22.5806em;"><span class="stl_341 stl_08 stl_16">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1407em;top:22.5806em;"><span class="stl_341 stl_08 stl_354">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.11em;top:22.5806em;"><span class="stl_341 stl_08 stl_368">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9113em;top:22.5806em;"><span class="stl_341 stl_08 stl_948">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:24.0212em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0432em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:24.7712em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">impairment losses at 1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9894em;top:25.5212em;"><span class="stl_26 stl_13 stl_978">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0619em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.9638em;top:25.5212em;"><span class="stl_26 stl_13 stl_352">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1213em;top:25.5212em;"><span class="stl_26 stl_13 stl_979">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1644em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3338em;top:25.5212em;"><span class="stl_26 stl_13 stl_112">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:26.4424em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:27.1924em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.545em;top:27.1924em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0619em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0775em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.1482em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1638em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.97em;top:27.1924em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:28.1137em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0457em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0613em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9082em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.9788em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1632em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3013em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:29.0349em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Impairment losses for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:29.7849em;"><span class="stl_26 stl_13 stl_496">year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0444em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.06em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.7157em;top:29.7849em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.4807em;top:29.7849em;"><span class="stl_26 stl_13 stl_801">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1625em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7982em;top:29.7849em;"><span class="stl_26 stl_13 stl_72">-18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:30.7062em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.2994em;top:30.7062em;"><span class="stl_26 stl_13 stl_98">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0607em;top:30.7062em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.0432em;top:30.7062em;"><span class="stl_26 stl_13 stl_981">-107  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.3907em;top:30.7062em;"><span class="stl_26 stl_13 stl_29">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1625em;top:30.7062em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4157em;top:30.7062em;"><span class="stl_26 stl_13 stl_948">-184  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:31.6199em;"><span class="stl_341 stl_08 stl_516" style="word-spacing:-0.0474em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:32.3699em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0387em;">impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:33.1199em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.8094em;top:33.1199em;"><span class="stl_341 stl_08 stl_357">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0507em;top:33.1199em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.8019em;top:33.1199em;"><span class="stl_341 stl_08 stl_109">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9763em;top:33.1199em;"><span class="stl_341 stl_08 stl_983">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1532em;top:33.1199em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.7332em;top:33.1199em;"><span class="stl_341 stl_08 stl_984">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:34.0412em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0468em;">Carrying amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:34.7912em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9925em;top:34.7912em;"><span class="stl_341 stl_08 stl_109">643  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.05em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.0432em;top:34.7912em;"><span class="stl_341 stl_08 stl_98">888  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.5394em;top:34.7912em;"><span class="stl_341 stl_08 stl_300">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1069em;top:34.7912em;"><span class="stl_341 stl_08 stl_368">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8038em;top:34.7912em;"><span class="stl_341 stl_08 stl_465">2,046  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0819em;top:10.4899em;"><span class="stl_341 stl_08 stl_327">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0751em;top:10.4899em;"><span class="stl_341 stl_08 stl_261">Devel-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.3813em;top:11.2399em;"><span class="stl_341 stl_08 stl_635">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.6295em;top:11.2399em;"><span class="stl_341 stl_08 stl_579">opment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0382em;top:11.9899em;"><span class="stl_341 stl_08 stl_54">nologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.2226em;top:11.9899em;"><span class="stl_341 stl_08 stl_505">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4901em;top:11.9899em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.3107em;top:12.7399em;"><span class="stl_341 stl_08 stl_439">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9982em;top:12.7399em;"><span class="stl_341 stl_08 stl_51" style="word-spacing:-0.0368em;">incl. IT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.0463em;top:12.7399em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.043em;">and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0763em;top:13.4899em;"><span class="stl_341 stl_08 stl_80" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.504em;top:13.4899em;"><span class="stl_341 stl_08 stl_579" style="word-spacing:-0.0355em;">nologies in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6232em;top:13.4899em;"><span class="stl_341 stl_08 stl_674">soft-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3245em;top:13.4899em;"><span class="stl_341 stl_08 stl_335" style="word-spacing:-0.0497em;">assets in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.172em;top:14.2399em;"><span class="stl_341 stl_08 stl_14">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5107em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">ware  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.2657em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8476em;top:14.2399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:15.7912em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.2318em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8788em;top:17.2318em;"><span class="stl_26 stl_13 stl_110">592  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.9045em;top:17.2318em;"><span class="stl_26 stl_13 stl_387">324  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.9357em;top:17.2318em;"><span class="stl_26 stl_13 stl_838">762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.9901em;top:17.2318em;"><span class="stl_26 stl_13 stl_45">186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9976em;top:17.2318em;"><span class="stl_26 stl_13 stl_366">581  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7226em;top:17.2318em;"><span class="stl_26 stl_13 stl_29">2,445  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.1531em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.9031em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2432em;top:18.9031em;"><span class="stl_26 stl_13 stl_354">28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7882em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8038em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8745em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.7213em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6595em;top:18.9031em;"><span class="stl_26 stl_13 stl_31">29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.8243em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7719em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7876em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8032em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7051em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9844em;top:19.8243em;"><span class="stl_26 stl_13 stl_292">407  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3526em;top:19.8243em;"><span class="stl_26 stl_13 stl_361">415  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:20.7456em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7713em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7869em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.4051em;top:20.7456em;"><span class="stl_26 stl_13 stl_396">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8738em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8894em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7988em;top:20.7456em;"><span class="stl_26 stl_13 stl_396">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:21.6668em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.9557em;top:21.6668em;"><span class="stl_26 stl_13 stl_787">112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.8088em;top:21.6668em;"><span class="stl_26 stl_13 stl_869">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8951em;top:21.6668em;"><span class="stl_26 stl_13 stl_130">502  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7044em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7588em;top:21.6668em;"><span class="stl_26 stl_13 stl_466">-506  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1957em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.5806em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7488em;top:22.5806em;"><span class="stl_341 stl_08 stl_255">732  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7988em;top:22.5806em;"><span class="stl_341 stl_08 stl_33">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.1782em;top:22.5806em;"><span class="stl_341 stl_08 stl_104">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.8832em;top:22.5806em;"><span class="stl_341 stl_08 stl_399">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.8488em;top:22.5806em;"><span class="stl_341 stl_08 stl_86">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5357em;top:22.5806em;"><span class="stl_341 stl_08 stl_466">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:24.0212em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0432em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:24.7712em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">impairment losses at 1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7188em;top:25.5212em;"><span class="stl_26 stl_13 stl_358">-185  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7863em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.7113em;top:25.5212em;"><span class="stl_26 stl_13 stl_179">-367  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.8819em;top:25.5212em;"><span class="stl_26 stl_13 stl_980">-110  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8882em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0563em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">-662  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:26.4424em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:27.1924em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0407em;top:27.1924em;"><span class="stl_26 stl_13 stl_218">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7857em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8013em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.5407em;top:27.1924em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8876em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4676em;top:27.1924em;"><span class="stl_26 stl_13 stl_177">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4457em;top:28.1137em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7688em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7844em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.6313em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8707em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8863em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0244em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4444em;top:29.0349em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0332em;">Remeasured provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4444em;top:29.7849em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">against asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7676em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7832em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.7988em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.2238em;top:29.7849em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8851em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5463em;top:29.7849em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:30.7062em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Impairment losses for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:31.4562em;"><span class="stl_26 stl_13 stl_496">year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7663em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7819em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0382em;top:31.4562em;"><span class="stl_26 stl_13 stl_359">-53  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8688em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8844em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4319em;top:31.4562em;"><span class="stl_26 stl_13 stl_359">-53  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:32.3774em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.9807em;top:32.3774em;"><span class="stl_26 stl_13 stl_982">-44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7819em;top:32.3774em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0263em;top:32.3774em;"><span class="stl_26 stl_13 stl_225">-80  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.1426em;top:32.3774em;"><span class="stl_26 stl_13 stl_184">-20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8844em;top:32.3774em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1369em;top:32.3774em;"><span class="stl_26 stl_13 stl_399">-144  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:33.2912em;"><span class="stl_341 stl_08 stl_516" style="word-spacing:-0.0474em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:34.0412em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0387em;">impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:34.7912em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.5544em;top:34.7912em;"><span class="stl_341 stl_08 stl_245">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7732em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.5463em;top:34.7912em;"><span class="stl_341 stl_08 stl_401">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6969em;top:34.7912em;"><span class="stl_341 stl_08 stl_880">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8751em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9394em;top:34.7912em;"><span class="stl_341 stl_08 stl_248">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4419em;top:35.7124em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0468em;">Carrying amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4419em;top:36.4624em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7444em;top:36.4624em;"><span class="stl_341 stl_08 stl_104">481  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7938em;top:36.4624em;"><span class="stl_341 stl_08 stl_33">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.7932em;top:36.4624em;"><span class="stl_341 stl_08 stl_460">764  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.2494em;top:36.4624em;"><span class="stl_341 stl_08 stl_362">56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.8432em;top:36.4624em;"><span class="stl_341 stl_08 stl_86">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6076em;top:36.4624em;"><span class="stl_341 stl_08 stl_39">1,996  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4313em;top:10.4899em;"><span class="stl_341 stl_08 stl_498">Property,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.6088em;top:11.2399em;"><span class="stl_341 stl_08 stl_338">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4332em;top:11.2399em;"><span class="stl_341 stl_08 stl_466" style="word-spacing:-0.0367em;">plant and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.8282em;top:11.9899em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.0444em;">Land and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.7357em;top:11.9899em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Plant and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.627em;top:11.9899em;"><span class="stl_341 stl_08 stl_475" style="word-spacing:-0.0531em;">fixtures and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.955em;top:11.9899em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.7175em;top:12.7399em;"><span class="stl_341 stl_08 stl_55" style="word-spacing:0.7641em;">buildings machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.9944em;top:12.7399em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.8432em;top:12.7399em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1225em;top:12.7399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2912em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.2199em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.62em;top:15.2199em;"><span class="stl_26 stl_13 stl_103">301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.6175em;top:15.2199em;"><span class="stl_26 stl_13 stl_58">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.3519em;top:15.2199em;"><span class="stl_26 stl_13 stl_142">222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.34em;top:15.2199em;"><span class="stl_26 stl_13 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1019em;top:15.2199em;"><span class="stl_26 stl_13 stl_374">1,217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:16.1412em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.7919em;top:16.1412em;"><span class="stl_26 stl_13 stl_177">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.755em;top:16.1412em;"><span class="stl_26 stl_13 stl_985">-46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6132em;top:16.1412em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8382em;top:16.1412em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6994em;top:16.1412em;"><span class="stl_26 stl_13 stl_986">-83  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:17.0624em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5182em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.365em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0894em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6744em;top:17.0624em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.955em;top:17.0624em;"><span class="stl_26 stl_13 stl_605">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:17.9837em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5175em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.1425em;top:17.9837em;"><span class="stl_26 stl_13 stl_346">-8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8925em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2182em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8132em;top:17.9837em;"><span class="stl_26 stl_13 stl_847">-17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:18.9049em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3482em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0063em;top:18.9049em;"><span class="stl_26 stl_13 stl_387">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.755em;top:18.9049em;"><span class="stl_26 stl_13 stl_394">76  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1738em;top:18.9049em;"><span class="stl_26 stl_13 stl_892">-134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4694em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:19.8187em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5019em;top:19.8187em;"><span class="stl_341 stl_08 stl_38">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.5125em;top:19.8187em;"><span class="stl_341 stl_08 stl_270">537  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2244em;top:19.8187em;"><span class="stl_341 stl_08 stl_98">285  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6057em;top:19.8187em;"><span class="stl_341 stl_08 stl_570">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9344em;top:19.8187em;"><span class="stl_341 stl_08 stl_781">1,188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:21.2593em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:22.0093em;"><span class="stl_26 stl_13 stl_417" style="word-spacing:-0.044em;">losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.4594em;top:22.0093em;"><span class="stl_26 stl_13 stl_450">-108  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.405em;top:22.0093em;"><span class="stl_26 stl_13 stl_35">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2857em;top:22.0093em;"><span class="stl_26 stl_13 stl_987">-117  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2175em;top:22.0093em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3357em;top:22.0093em;"><span class="stl_26 stl_13 stl_344">-585  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:22.9305em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3475em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.9882em;top:22.9305em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0875em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2169em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9132em;top:22.9305em;"><span class="stl_26 stl_13 stl_79">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:23.8518em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5163em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.3632em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0875em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2169em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9606em;top:23.8518em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:24.773em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Impairment losses for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5157em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.5313em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2557em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2163em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4681em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7194em;top:25.6943em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8694em;top:25.6943em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.7944em;top:25.6943em;"><span class="stl_26 stl_13 stl_95">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5263em;top:25.6943em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2156em;top:25.6943em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7538em;top:25.6943em;"><span class="stl_26 stl_13 stl_39">-77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7188em;top:26.608em;"><span class="stl_341 stl_08 stl_305" style="word-spacing:-0.0383em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7188em;top:27.358em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0413em;">losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3944em;top:27.358em;"><span class="stl_341 stl_08 stl_988">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2732em;top:27.358em;"><span class="stl_341 stl_08 stl_466">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0857em;top:27.358em;"><span class="stl_341 stl_08 stl_881">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2063em;top:27.358em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1932em;top:27.358em;"><span class="stl_341 stl_08 stl_109">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7181em;top:28.2793em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Carrying amount at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7181em;top:29.0293em;"><span class="stl_341 stl_08 stl_345" style="word-spacing:-0.0398em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5506em;top:29.0293em;"><span class="stl_341 stl_08 stl_393">175  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.555em;top:29.0293em;"><span class="stl_341 stl_08 stl_759">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.25em;top:29.0293em;"><span class="stl_341 stl_08 stl_381">153  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6031em;top:29.0293em;"><span class="stl_341 stl_08 stl_570">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.435em;top:29.0293em;"><span class="stl_341 stl_08 stl_137">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.1557em;top:10.4899em;"><span class="stl_341 stl_08 stl_48">Property,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.3332em;top:11.2399em;"><span class="stl_341 stl_08 stl_505">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.1576em;top:11.2399em;"><span class="stl_341 stl_08 stl_466" style="word-spacing:-0.0367em;">plant and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.5526em;top:11.9899em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.0444em;">Land and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.4601em;top:11.9899em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Plant and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.348em;top:11.9899em;"><span class="stl_341 stl_08 stl_475" style="word-spacing:-0.0531em;">fixtures and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6795em;top:11.9899em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.442em;top:12.7399em;"><span class="stl_341 stl_08 stl_55" style="word-spacing:0.7641em;">buildings machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.7188em;top:12.7399em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.5676em;top:12.7399em;"><span class="stl_341 stl_08 stl_328" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.847em;top:12.7399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2912em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.2199em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.3395em;top:15.2199em;"><span class="stl_26 stl_13 stl_292">266  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.4151em;top:15.2199em;"><span class="stl_26 stl_13 stl_393">474  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.1057em;top:15.2199em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0444em;top:15.2199em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7545em;top:15.2199em;"><span class="stl_26 stl_13 stl_303">1,008  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.1412em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7069em;top:16.1412em;"><span class="stl_26 stl_13 stl_31">29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7101em;top:16.1412em;"><span class="stl_26 stl_13 stl_109">46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4907em;top:16.1412em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4219em;top:16.1412em;"><span class="stl_26 stl_13 stl_380">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3788em;top:16.1412em;"><span class="stl_26 stl_13 stl_85">113  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0624em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0757em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.0913em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4657em;top:17.0624em;"><span class="stl_26 stl_13 stl_33">31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0438em;top:17.0624em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3194em;top:17.0624em;"><span class="stl_26 stl_13 stl_84">138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9837em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.8638em;top:17.9837em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5319em;top:17.9837em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.3088em;top:17.9837em;"><span class="stl_26 stl_13 stl_393">-10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4394em;top:17.9837em;"><span class="stl_26 stl_13 stl_490">-42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.9049em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0757em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7307em;top:18.9049em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4807em;top:18.9049em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1688em;top:18.9049em;"><span class="stl_26 stl_13 stl_938">-65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1963em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:19.8187em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2207em;top:19.8187em;"><span class="stl_341 stl_08 stl_95">301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2238em;top:19.8187em;"><span class="stl_341 stl_08 stl_111">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.9544em;top:19.8187em;"><span class="stl_341 stl_08 stl_352">222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9451em;top:19.8187em;"><span class="stl_341 stl_08 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6251em;top:19.8187em;"><span class="stl_341 stl_08 stl_428">1,217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:21.2593em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.0093em;"><span class="stl_26 stl_13 stl_417" style="word-spacing:-0.044em;">losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.4719em;top:22.0093em;"><span class="stl_26 stl_13 stl_839">-85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.1826em;top:22.0093em;"><span class="stl_26 stl_13 stl_620">-310  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.2444em;top:22.0093em;"><span class="stl_26 stl_13 stl_130">-92  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:22.0093em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0588em;top:22.0093em;"><span class="stl_26 stl_13 stl_417">-487  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.9305em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5969em;top:22.9305em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5294em;top:22.9305em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.3194em;top:22.9305em;"><span class="stl_26 stl_13 stl_392">-12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4519em;top:22.9305em;"><span class="stl_26 stl_13 stl_18">-52  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:23.8518em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0744em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7301em;top:23.8518em;"><span class="stl_26 stl_13 stl_354">28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.8151em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9444em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6544em;top:23.8518em;"><span class="stl_26 stl_13 stl_36">38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:24.773em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Impairment losses for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2432em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.9113em;top:24.773em;"><span class="stl_26 stl_13 stl_390">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9832em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8482em;top:24.773em;"><span class="stl_26 stl_13 stl_390">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:25.6943em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5757em;top:25.6943em;"><span class="stl_26 stl_13 stl_879">-13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5001em;top:25.6943em;"><span class="stl_26 stl_13 stl_490">-42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.2532em;top:25.6943em;"><span class="stl_26 stl_13 stl_218">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9432em;top:25.6943em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4813em;top:25.6943em;"><span class="stl_26 stl_13 stl_39">-77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:26.608em;"><span class="stl_341 stl_08 stl_305" style="word-spacing:-0.0383em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:27.358em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0413em;">losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0619em;top:27.358em;"><span class="stl_341 stl_08 stl_989">-108  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.0007em;top:27.358em;"><span class="stl_341 stl_08 stl_466">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8751em;top:27.358em;"><span class="stl_341 stl_08 stl_990">-117  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9338em;top:27.358em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9363em;top:27.358em;"><span class="stl_341 stl_08 stl_97">-585  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:28.2793em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Carrying amount at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:29.0293em;"><span class="stl_341 stl_08 stl_345" style="word-spacing:-0.0398em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2438em;top:29.0293em;"><span class="stl_341 stl_08 stl_44">193  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2857em;top:29.0293em;"><span class="stl_341 stl_08 stl_455">178  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.9732em;top:29.0293em;"><span class="stl_341 stl_08 stl_209">105  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9451em;top:29.0293em;"><span class="stl_341 stl_08 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1595em;top:29.0293em;"><span class="stl_341 stl_08 stl_58">632  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_64" style="word-spacing:-0.0351em;">2.4 Depreciation, amortisation and impairment losses on non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.6062em;"><span class="stl_578 stl_94 stl_491" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3605em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">The Ambu Group is managed as one single unit, for which reason the Management monitors goodwill, as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.1105em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">a whole, at Group level. Consequently, the impairment test is based on the Group’s total cash flows. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.8605em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">market value of Ambu A/S’s shares, based on the quoted price of DKK 73.86</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.502em;top:19.8605em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">per share on Nasdaq Copen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.6105em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0311em;">hagen at 30 September 2023 (DKK 66.42 per share at 30 September 2022), is far higher than the carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3605em;"><span class="stl_26 stl_13 stl_24" style="word-spacing:-0.0275em;">amount of equity. Based on this market value approximation, Ambu's equity value is DKK 19.9bn (DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.1105em;"><span class="stl_26 stl_13 stl_153" style="word-spacing:-0.0255em;">17bn), which leaves DKK 14.5bn (DKK 13bn) in headroom to the carrying amount of equity. Therefore, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.8605em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">Management has concluded that the net selling price, calculated on the basis of a level 1 fair value meas-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.6105em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">urement, proves that there is no indication of impairment of goodwill.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3575em;top:10.4899em;"><span class="stl_341 stl_08 stl_327">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3507em;top:10.4899em;"><span class="stl_341 stl_08 stl_261">Devel-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.6569em;top:11.2399em;"><span class="stl_341 stl_08 stl_516">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.905em;top:11.2399em;"><span class="stl_341 stl_08 stl_579">opment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3138em;top:11.9899em;"><span class="stl_341 stl_08 stl_54">nologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.3732em;top:11.9899em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:0.5332em;">Acquired Completed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4982em;top:11.9899em;"><span class="stl_341 stl_08 stl_338">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7657em;top:11.9899em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.5863em;top:12.7399em;"><span class="stl_341 stl_08 stl_439">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.6725em;top:12.7399em;"><span class="stl_341 stl_08 stl_516">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5119em;top:12.7399em;"><span class="stl_341 stl_08 stl_37">develop-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2738em;top:12.7399em;"><span class="stl_341 stl_08 stl_51" style="word-spacing:-0.0368em;">incl. IT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3219em;top:12.7399em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.043em;">and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3519em;top:13.4899em;"><span class="stl_341 stl_08 stl_80" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.783em;top:13.4899em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0355em;">nologies in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.6388em;top:13.4899em;"><span class="stl_341 stl_08 stl_466">ment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8988em;top:13.4899em;"><span class="stl_341 stl_08 stl_690">soft-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6em;top:13.4899em;"><span class="stl_341 stl_08 stl_335" style="word-spacing:-0.0497em;">assets in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.4475em;top:14.2399em;"><span class="stl_341 stl_08 stl_328">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.4388em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6788em;top:14.2399em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7863em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">ware  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5413em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1232em;top:14.2399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.7912em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:17.2318em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.155em;top:17.2318em;"><span class="stl_26 stl_13 stl_366">732  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2075em;top:17.2318em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.6557em;top:17.2318em;"><span class="stl_26 stl_13 stl_426">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2807em;top:17.2318em;"><span class="stl_26 stl_13 stl_355">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2369em;top:17.2318em;"><span class="stl_26 stl_13 stl_363">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0094em;top:17.2318em;"><span class="stl_26 stl_13 stl_386">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.1531em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.9031em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3775em;top:18.9031em;"><span class="stl_26 stl_13 stl_388">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0638em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0794em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.15em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1657em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8019em;top:18.9031em;"><span class="stl_26 stl_13 stl_388">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.8243em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0469em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0625em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0782em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6444em;top:19.8243em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2819em;top:19.8243em;"><span class="stl_26 stl_13 stl_365">242  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5625em;top:19.8243em;"><span class="stl_26 stl_13 stl_418">255  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.7456em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0469em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0625em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.7469em;top:20.7456em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.7888em;top:20.7456em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1644em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.09em;top:20.7456em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:21.6668em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.19em;top:21.6668em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0144em;top:21.6668em;"><span class="stl_26 stl_13 stl_293">-212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.1663em;top:21.6668em;"><span class="stl_26 stl_13 stl_352">233  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6em;top:21.6668em;"><span class="stl_26 stl_13 stl_467">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.09em;top:21.6668em;"><span class="stl_26 stl_13 stl_45">-281  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4719em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:22.5806em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.0182em;top:22.5806em;"><span class="stl_341 stl_08 stl_418">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0532em;top:22.5806em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.4619em;top:22.5806em;"><span class="stl_341 stl_08 stl_16">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1407em;top:22.5806em;"><span class="stl_341 stl_08 stl_354">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.11em;top:22.5806em;"><span class="stl_341 stl_08 stl_368">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9113em;top:22.5806em;"><span class="stl_341 stl_08 stl_948">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:24.0212em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0432em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:24.7712em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">impairment losses at 1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9894em;top:25.5212em;"><span class="stl_26 stl_13 stl_978">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0619em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.9638em;top:25.5212em;"><span class="stl_26 stl_13 stl_352">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1213em;top:25.5212em;"><span class="stl_26 stl_13 stl_979">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1644em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3338em;top:25.5212em;"><span class="stl_26 stl_13 stl_112">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:26.4424em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:27.1924em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.545em;top:27.1924em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0619em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0775em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.1482em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1638em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.97em;top:27.1924em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:28.1137em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0457em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0613em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9082em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.9788em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1632em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3013em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:29.0349em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Impairment losses for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:29.7849em;"><span class="stl_26 stl_13 stl_496">year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0444em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.06em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.7157em;top:29.7849em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.4807em;top:29.7849em;"><span class="stl_26 stl_13 stl_801">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1625em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7982em;top:29.7849em;"><span class="stl_26 stl_13 stl_72">-18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:30.7062em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.2994em;top:30.7062em;"><span class="stl_26 stl_13 stl_98">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0607em;top:30.7062em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.0432em;top:30.7062em;"><span class="stl_26 stl_13 stl_981">-107  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.3907em;top:30.7062em;"><span class="stl_26 stl_13 stl_29">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1625em;top:30.7062em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4157em;top:30.7062em;"><span class="stl_26 stl_13 stl_948">-184  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:31.6199em;"><span class="stl_341 stl_08 stl_516" style="word-spacing:-0.0474em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:32.3699em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0387em;">impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:33.1199em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.8094em;top:33.1199em;"><span class="stl_341 stl_08 stl_357">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0507em;top:33.1199em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.8019em;top:33.1199em;"><span class="stl_341 stl_08 stl_109">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9763em;top:33.1199em;"><span class="stl_341 stl_08 stl_983">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1532em;top:33.1199em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.7332em;top:33.1199em;"><span class="stl_341 stl_08 stl_984">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:34.0412em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0468em;">Carrying amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:34.7912em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9925em;top:34.7912em;"><span class="stl_341 stl_08 stl_109">643  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.05em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.0432em;top:34.7912em;"><span class="stl_341 stl_08 stl_98">888  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.5394em;top:34.7912em;"><span class="stl_341 stl_08 stl_300">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1069em;top:34.7912em;"><span class="stl_341 stl_08 stl_368">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8038em;top:34.7912em;"><span class="stl_341 stl_08 stl_465">2,046  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0819em;top:10.4899em;"><span class="stl_341 stl_08 stl_327">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0751em;top:10.4899em;"><span class="stl_341 stl_08 stl_261">Devel-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.3813em;top:11.2399em;"><span class="stl_341 stl_08 stl_635">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.6295em;top:11.2399em;"><span class="stl_341 stl_08 stl_579">opment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0382em;top:11.9899em;"><span class="stl_341 stl_08 stl_54">nologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.2226em;top:11.9899em;"><span class="stl_341 stl_08 stl_505">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4901em;top:11.9899em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.3107em;top:12.7399em;"><span class="stl_341 stl_08 stl_439">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9982em;top:12.7399em;"><span class="stl_341 stl_08 stl_51" style="word-spacing:-0.0368em;">incl. IT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.0463em;top:12.7399em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.043em;">and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0763em;top:13.4899em;"><span class="stl_341 stl_08 stl_80" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.504em;top:13.4899em;"><span class="stl_341 stl_08 stl_579" style="word-spacing:-0.0355em;">nologies in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6232em;top:13.4899em;"><span class="stl_341 stl_08 stl_674">soft-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3245em;top:13.4899em;"><span class="stl_341 stl_08 stl_335" style="word-spacing:-0.0497em;">assets in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.172em;top:14.2399em;"><span class="stl_341 stl_08 stl_14">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5107em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">ware  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.2657em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8476em;top:14.2399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:15.7912em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.2318em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8788em;top:17.2318em;"><span class="stl_26 stl_13 stl_110">592  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.9045em;top:17.2318em;"><span class="stl_26 stl_13 stl_387">324  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.9357em;top:17.2318em;"><span class="stl_26 stl_13 stl_838">762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.9901em;top:17.2318em;"><span class="stl_26 stl_13 stl_45">186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9976em;top:17.2318em;"><span class="stl_26 stl_13 stl_366">581  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7226em;top:17.2318em;"><span class="stl_26 stl_13 stl_29">2,445  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.1531em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.9031em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2432em;top:18.9031em;"><span class="stl_26 stl_13 stl_354">28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7882em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8038em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8745em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.7213em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6595em;top:18.9031em;"><span class="stl_26 stl_13 stl_31">29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.8243em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7719em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7876em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8032em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7051em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9844em;top:19.8243em;"><span class="stl_26 stl_13 stl_292">407  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3526em;top:19.8243em;"><span class="stl_26 stl_13 stl_361">415  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:20.7456em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7713em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7869em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.4051em;top:20.7456em;"><span class="stl_26 stl_13 stl_396">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8738em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8894em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7988em;top:20.7456em;"><span class="stl_26 stl_13 stl_396">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:21.6668em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.9557em;top:21.6668em;"><span class="stl_26 stl_13 stl_787">112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.8088em;top:21.6668em;"><span class="stl_26 stl_13 stl_869">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8951em;top:21.6668em;"><span class="stl_26 stl_13 stl_130">502  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7044em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7588em;top:21.6668em;"><span class="stl_26 stl_13 stl_466">-506  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1957em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.5806em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7488em;top:22.5806em;"><span class="stl_341 stl_08 stl_255">732  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7988em;top:22.5806em;"><span class="stl_341 stl_08 stl_33">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.1782em;top:22.5806em;"><span class="stl_341 stl_08 stl_104">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.8832em;top:22.5806em;"><span class="stl_341 stl_08 stl_399">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.8488em;top:22.5806em;"><span class="stl_341 stl_08 stl_86">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5357em;top:22.5806em;"><span class="stl_341 stl_08 stl_466">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:24.0212em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0432em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:24.7712em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">impairment losses at 1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7188em;top:25.5212em;"><span class="stl_26 stl_13 stl_358">-185  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7863em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.7113em;top:25.5212em;"><span class="stl_26 stl_13 stl_179">-367  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.8819em;top:25.5212em;"><span class="stl_26 stl_13 stl_980">-110  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8882em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0563em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">-662  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:26.4424em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:27.1924em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0407em;top:27.1924em;"><span class="stl_26 stl_13 stl_218">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7857em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8013em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.5407em;top:27.1924em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8876em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4676em;top:27.1924em;"><span class="stl_26 stl_13 stl_177">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4457em;top:28.1137em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7688em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7844em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.6313em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8707em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8863em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0244em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4444em;top:29.0349em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0332em;">Remeasured provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4444em;top:29.7849em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">against asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7676em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7832em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.7988em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.2238em;top:29.7849em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8851em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5463em;top:29.7849em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:30.7062em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Impairment losses for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:31.4562em;"><span class="stl_26 stl_13 stl_496">year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7663em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7819em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0382em;top:31.4562em;"><span class="stl_26 stl_13 stl_359">-53  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8688em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8844em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4319em;top:31.4562em;"><span class="stl_26 stl_13 stl_359">-53  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:32.3774em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.9807em;top:32.3774em;"><span class="stl_26 stl_13 stl_982">-44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7819em;top:32.3774em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0263em;top:32.3774em;"><span class="stl_26 stl_13 stl_225">-80  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.1426em;top:32.3774em;"><span class="stl_26 stl_13 stl_184">-20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8844em;top:32.3774em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1369em;top:32.3774em;"><span class="stl_26 stl_13 stl_399">-144  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:33.2912em;"><span class="stl_341 stl_08 stl_516" style="word-spacing:-0.0474em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:34.0412em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0387em;">impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:34.7912em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.5544em;top:34.7912em;"><span class="stl_341 stl_08 stl_245">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7732em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.5463em;top:34.7912em;"><span class="stl_341 stl_08 stl_401">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6969em;top:34.7912em;"><span class="stl_341 stl_08 stl_880">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8751em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9394em;top:34.7912em;"><span class="stl_341 stl_08 stl_248">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4419em;top:35.7124em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0468em;">Carrying amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4419em;top:36.4624em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7444em;top:36.4624em;"><span class="stl_341 stl_08 stl_104">481  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7938em;top:36.4624em;"><span class="stl_341 stl_08 stl_33">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.7932em;top:36.4624em;"><span class="stl_341 stl_08 stl_460">764  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.2494em;top:36.4624em;"><span class="stl_341 stl_08 stl_362">56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.8432em;top:36.4624em;"><span class="stl_341 stl_08 stl_86">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6076em;top:36.4624em;"><span class="stl_341 stl_08 stl_39">1,996  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4313em;top:10.4899em;"><span class="stl_341 stl_08 stl_498">Property,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.6088em;top:11.2399em;"><span class="stl_341 stl_08 stl_338">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4332em;top:11.2399em;"><span class="stl_341 stl_08 stl_466" style="word-spacing:-0.0367em;">plant and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.8282em;top:11.9899em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.0444em;">Land and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.7357em;top:11.9899em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Plant and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.627em;top:11.9899em;"><span class="stl_341 stl_08 stl_475" style="word-spacing:-0.0531em;">fixtures and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.955em;top:11.9899em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.7175em;top:12.7399em;"><span class="stl_341 stl_08 stl_55" style="word-spacing:0.7641em;">buildings machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.9944em;top:12.7399em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.8432em;top:12.7399em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1225em;top:12.7399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2912em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.2199em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.62em;top:15.2199em;"><span class="stl_26 stl_13 stl_103">301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.6175em;top:15.2199em;"><span class="stl_26 stl_13 stl_58">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.3519em;top:15.2199em;"><span class="stl_26 stl_13 stl_142">222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.34em;top:15.2199em;"><span class="stl_26 stl_13 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1019em;top:15.2199em;"><span class="stl_26 stl_13 stl_374">1,217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:16.1412em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.7919em;top:16.1412em;"><span class="stl_26 stl_13 stl_177">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.755em;top:16.1412em;"><span class="stl_26 stl_13 stl_985">-46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6132em;top:16.1412em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8382em;top:16.1412em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6994em;top:16.1412em;"><span class="stl_26 stl_13 stl_986">-83  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:17.0624em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5182em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.365em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0894em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6744em;top:17.0624em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.955em;top:17.0624em;"><span class="stl_26 stl_13 stl_605">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:17.9837em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5175em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.1425em;top:17.9837em;"><span class="stl_26 stl_13 stl_346">-8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8925em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2182em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8132em;top:17.9837em;"><span class="stl_26 stl_13 stl_847">-17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:18.9049em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3482em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0063em;top:18.9049em;"><span class="stl_26 stl_13 stl_387">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.755em;top:18.9049em;"><span class="stl_26 stl_13 stl_394">76  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1738em;top:18.9049em;"><span class="stl_26 stl_13 stl_892">-134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4694em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:19.8187em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5019em;top:19.8187em;"><span class="stl_341 stl_08 stl_38">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.5125em;top:19.8187em;"><span class="stl_341 stl_08 stl_270">537  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2244em;top:19.8187em;"><span class="stl_341 stl_08 stl_98">285  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6057em;top:19.8187em;"><span class="stl_341 stl_08 stl_570">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9344em;top:19.8187em;"><span class="stl_341 stl_08 stl_781">1,188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:21.2593em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:22.0093em;"><span class="stl_26 stl_13 stl_417" style="word-spacing:-0.044em;">losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.4594em;top:22.0093em;"><span class="stl_26 stl_13 stl_450">-108  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.405em;top:22.0093em;"><span class="stl_26 stl_13 stl_35">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2857em;top:22.0093em;"><span class="stl_26 stl_13 stl_987">-117  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2175em;top:22.0093em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3357em;top:22.0093em;"><span class="stl_26 stl_13 stl_344">-585  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:22.9305em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3475em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.9882em;top:22.9305em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0875em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2169em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9132em;top:22.9305em;"><span class="stl_26 stl_13 stl_79">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:23.8518em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5163em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.3632em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0875em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2169em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9606em;top:23.8518em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:24.773em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Impairment losses for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5157em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.5313em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2557em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2163em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4681em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7194em;top:25.6943em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8694em;top:25.6943em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.7944em;top:25.6943em;"><span class="stl_26 stl_13 stl_95">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5263em;top:25.6943em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2156em;top:25.6943em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7538em;top:25.6943em;"><span class="stl_26 stl_13 stl_39">-77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7188em;top:26.608em;"><span class="stl_341 stl_08 stl_305" style="word-spacing:-0.0383em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7188em;top:27.358em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0413em;">losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3944em;top:27.358em;"><span class="stl_341 stl_08 stl_988">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2732em;top:27.358em;"><span class="stl_341 stl_08 stl_466">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0857em;top:27.358em;"><span class="stl_341 stl_08 stl_881">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2063em;top:27.358em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1932em;top:27.358em;"><span class="stl_341 stl_08 stl_109">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7181em;top:28.2793em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Carrying amount at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7181em;top:29.0293em;"><span class="stl_341 stl_08 stl_345" style="word-spacing:-0.0398em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5506em;top:29.0293em;"><span class="stl_341 stl_08 stl_393">175  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.555em;top:29.0293em;"><span class="stl_341 stl_08 stl_759">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.25em;top:29.0293em;"><span class="stl_341 stl_08 stl_381">153  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6031em;top:29.0293em;"><span class="stl_341 stl_08 stl_570">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.435em;top:29.0293em;"><span class="stl_341 stl_08 stl_137">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.1557em;top:10.4899em;"><span class="stl_341 stl_08 stl_48">Property,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.3332em;top:11.2399em;"><span class="stl_341 stl_08 stl_505">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.1576em;top:11.2399em;"><span class="stl_341 stl_08 stl_466" style="word-spacing:-0.0367em;">plant and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.5526em;top:11.9899em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.0444em;">Land and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.4601em;top:11.9899em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Plant and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.348em;top:11.9899em;"><span class="stl_341 stl_08 stl_475" style="word-spacing:-0.0531em;">fixtures and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6795em;top:11.9899em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.442em;top:12.7399em;"><span class="stl_341 stl_08 stl_55" style="word-spacing:0.7641em;">buildings machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.7188em;top:12.7399em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.5676em;top:12.7399em;"><span class="stl_341 stl_08 stl_328" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.847em;top:12.7399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2912em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.2199em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.3395em;top:15.2199em;"><span class="stl_26 stl_13 stl_292">266  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.4151em;top:15.2199em;"><span class="stl_26 stl_13 stl_393">474  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.1057em;top:15.2199em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0444em;top:15.2199em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7545em;top:15.2199em;"><span class="stl_26 stl_13 stl_303">1,008  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.1412em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7069em;top:16.1412em;"><span class="stl_26 stl_13 stl_31">29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7101em;top:16.1412em;"><span class="stl_26 stl_13 stl_109">46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4907em;top:16.1412em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4219em;top:16.1412em;"><span class="stl_26 stl_13 stl_380">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3788em;top:16.1412em;"><span class="stl_26 stl_13 stl_85">113  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0624em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0757em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.0913em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4657em;top:17.0624em;"><span class="stl_26 stl_13 stl_33">31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0438em;top:17.0624em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3194em;top:17.0624em;"><span class="stl_26 stl_13 stl_84">138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9837em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.8638em;top:17.9837em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5319em;top:17.9837em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.3088em;top:17.9837em;"><span class="stl_26 stl_13 stl_393">-10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4394em;top:17.9837em;"><span class="stl_26 stl_13 stl_490">-42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.9049em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0757em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7307em;top:18.9049em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4807em;top:18.9049em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1688em;top:18.9049em;"><span class="stl_26 stl_13 stl_938">-65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1963em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:19.8187em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2207em;top:19.8187em;"><span class="stl_341 stl_08 stl_95">301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2238em;top:19.8187em;"><span class="stl_341 stl_08 stl_111">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.9544em;top:19.8187em;"><span class="stl_341 stl_08 stl_352">222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9451em;top:19.8187em;"><span class="stl_341 stl_08 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6251em;top:19.8187em;"><span class="stl_341 stl_08 stl_428">1,217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:21.2593em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.0093em;"><span class="stl_26 stl_13 stl_417" style="word-spacing:-0.044em;">losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.4719em;top:22.0093em;"><span class="stl_26 stl_13 stl_839">-85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.1826em;top:22.0093em;"><span class="stl_26 stl_13 stl_620">-310  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.2444em;top:22.0093em;"><span class="stl_26 stl_13 stl_130">-92  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:22.0093em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0588em;top:22.0093em;"><span class="stl_26 stl_13 stl_417">-487  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.9305em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5969em;top:22.9305em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5294em;top:22.9305em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.3194em;top:22.9305em;"><span class="stl_26 stl_13 stl_392">-12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4519em;top:22.9305em;"><span class="stl_26 stl_13 stl_18">-52  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:23.8518em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0744em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7301em;top:23.8518em;"><span class="stl_26 stl_13 stl_354">28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.8151em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9444em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6544em;top:23.8518em;"><span class="stl_26 stl_13 stl_36">38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:24.773em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Impairment losses for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2432em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.9113em;top:24.773em;"><span class="stl_26 stl_13 stl_390">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9832em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8482em;top:24.773em;"><span class="stl_26 stl_13 stl_390">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:25.6943em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5757em;top:25.6943em;"><span class="stl_26 stl_13 stl_879">-13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5001em;top:25.6943em;"><span class="stl_26 stl_13 stl_490">-42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.2532em;top:25.6943em;"><span class="stl_26 stl_13 stl_218">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9432em;top:25.6943em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4813em;top:25.6943em;"><span class="stl_26 stl_13 stl_39">-77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:26.608em;"><span class="stl_341 stl_08 stl_305" style="word-spacing:-0.0383em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:27.358em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0413em;">losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0619em;top:27.358em;"><span class="stl_341 stl_08 stl_989">-108  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.0007em;top:27.358em;"><span class="stl_341 stl_08 stl_466">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8751em;top:27.358em;"><span class="stl_341 stl_08 stl_990">-117  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9338em;top:27.358em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9363em;top:27.358em;"><span class="stl_341 stl_08 stl_97">-585  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:28.2793em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Carrying amount at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:29.0293em;"><span class="stl_341 stl_08 stl_345" style="word-spacing:-0.0398em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2438em;top:29.0293em;"><span class="stl_341 stl_08 stl_44">193  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2857em;top:29.0293em;"><span class="stl_341 stl_08 stl_455">178  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.9732em;top:29.0293em;"><span class="stl_341 stl_08 stl_209">105  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9451em;top:29.0293em;"><span class="stl_341 stl_08 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1595em;top:29.0293em;"><span class="stl_341 stl_08 stl_58">632  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_64" style="word-spacing:-0.0351em;">2.4 Depreciation, amortisation and impairment losses on non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Amortisation of intangible assets identified in connection  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7987em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.705em;top:12.7987em;"><span class="stl_26 stl_13 stl_390">47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9163em;top:12.7987em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.7199em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Amortisation of intangible development projects and other incl. IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3613em;top:13.7199em;"><span class="stl_26 stl_13 stl_882">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5719em;top:13.7199em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.6412em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">Depreciation of property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:14.6412em;"><span class="stl_26 stl_13 stl_270">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:14.6412em;"><span class="stl_26 stl_13 stl_270">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.5624em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">Depreciation of right-of-use assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6719em;top:15.5624em;"><span class="stl_26 stl_13 stl_364">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9513em;top:15.5624em;"><span class="stl_26 stl_13 stl_382">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.4837em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Impairment losses on non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6832em;top:16.4837em;"><span class="stl_26 stl_13 stl_142">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9288em;top:16.4837em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.3974em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0389em;">Total depreciation, amortisation and impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1838em;top:17.3974em;"><span class="stl_341 stl_08 stl_32">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4632em;top:17.3974em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.8743em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0335em;">In 2021/22, DKK 50m of the total impairment losses on non-current assets of DKK 60m for the year relates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.6243em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0317em;">to the cost reduction program announced on 3 August 2022 and recognised as 'special items'. Please  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.3743em;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0322em;">refer to note 2.6 for more information.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.8743em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">Depreciation, amortisation and impairment losses have been allocated to the following functions:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.333em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:23.3255em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:23.3255em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.8843em;"><span class="stl_26 stl_13 stl_531" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:24.8843em;"><span class="stl_26 stl_13 stl_103">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9494em;top:24.8843em;"><span class="stl_26 stl_13 stl_380">78  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.8055em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6857em;top:25.8055em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9307em;top:25.8055em;"><span class="stl_26 stl_13 stl_36">38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:26.7268em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3325em;top:26.7268em;"><span class="stl_26 stl_13 stl_162">188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5938em;top:26.7268em;"><span class="stl_26 stl_13 stl_351">150  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.648em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6719em;top:27.648em;"><span class="stl_26 stl_13 stl_77">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9294em;top:27.648em;"><span class="stl_26 stl_13 stl_111">35  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.5693em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7113em;top:28.5693em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9332em;top:28.5693em;"><span class="stl_26 stl_13 stl_362">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:29.483em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0389em;">Total depreciation, amortisation and impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1832em;top:29.483em;"><span class="stl_341 stl_08 stl_32">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4625em;top:29.483em;"><span class="stl_341 stl_08 stl_756">351  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:30.9524em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:31.7099em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">For a description of accounting policies, reference is made to notes 3.1, 3.2 and 3.3.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_259 stl_08 stl_60" style="word-spacing:-0.035em;">2.5 Financial risks from operating activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5343em;"><span class="stl_578 stl_94 stl_417" style="word-spacing:-0.044em;">Foreign currency risks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;z-index:1293;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0323em;">The majority of Ambu's sales are invoiced in USD, EUR and GB</span><span class="stl_26 stl_13 stl_959">P</span><span class="stl_26 stl_13 stl_16" style="word-spacing:0em;">. </span><span class="stl_26 stl_13 stl_80">T</span><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0405em;">he majority of Ambu's production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0387em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">and OPEX are in USD, DKK, EUR, MYR and CNY. All assets and liabililties in the subsidiaries' balance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7887em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">sheets are denominated in foreign currency. As a consequence, fluctuations in these exchange rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">against DKK might impact Ambu’s financial position and results. The most important exchange rates in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2887em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.0319em;">relation to risk exposure are USD, MYR, CNY and GBP (collectively referred to as ‘main currencies’). Fur-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.0387em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">thermore, EUR is a currency with large exposure, but the risk is deemed limited, due to DKK being pegged  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7887em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">to EUR.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2843em;"><span class="stl_578 stl_94 stl_319" style="word-spacing:-0.0465em;">Sensitivity analysis  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0387em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">The following table shows the impact on the Group's net profit in the event of a 10% fluctuation in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7887em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">main currencies, relative to the recognised financial instruments. The fluctuation of 10% constitutes the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5387em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0345em;">Management’s assessment of a realistic exchange rate development within the main currencies. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2887em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0408em;">financial instruments comprised by the sensitivity analysis include trade receivables, cash, payables, trade  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">payables and intercompany balances. The sensitivity analysis does not take into consideration any transla-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7887em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0403em;">tion effect from functional currency to presentation currency.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.4944em;top:23.2399em;"><span class="stl_341 stl_08 stl_61" style="word-spacing:-0.0304em;">Decrease of 10%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.1219em;top:23.2399em;"><span class="stl_341 stl_08 stl_250" style="word-spacing:-0.0302em;">Increase of 10%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2151em;top:23.9899em;"><span class="stl_341 stl_08 stl_42" style="word-spacing:-0.0386em;">in main currencies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.7188em;top:23.9899em;"><span class="stl_341 stl_08 stl_42" style="word-spacing:-0.0386em;">in main currencies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.9038em;top:25.1712em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.2044em;top:25.1712em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4076em;top:25.1712em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7082em;top:25.1712em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:26.7299em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">Income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.6826em;top:26.7299em;"><span class="stl_26 stl_13 stl_430">-34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9544em;top:26.7299em;"><span class="stl_26 stl_13 stl_130">-93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3994em;top:26.7299em;"><span class="stl_26 stl_13 stl_377">34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6551em;top:26.7299em;"><span class="stl_26 stl_13 stl_36">93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:27.6512em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">Other comprehensive income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4407em;top:27.6512em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6926em;top:27.6512em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9445em;top:27.6512em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1963em;top:27.6512em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.592em;top:28.5649em;"><span class="stl_341 stl_08 stl_363">-34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.867em;top:28.5649em;"><span class="stl_341 stl_08 stl_130">-93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3226em;top:28.5649em;"><span class="stl_341 stl_08 stl_58">34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5745em;top:28.5649em;"><span class="stl_341 stl_08 stl_58">93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5343em;"><span class="stl_578 stl_94 stl_359" style="word-spacing:-0.0468em;">Hedging of expected future transactions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">Interest rate swaps have been entered into to hedge the Group’s partial debt to credit institutions, con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">verting floating-rate debt into fixed-rate debt. Management has decided to not apply the rules of 'hedge  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0335em;">accounting' to the DKK 250m interest rate swap, and consequently, fair value adjustments are recognised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">in the income statement. Please refer to note 4.1 and note 4.2.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.9974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0825em;top:14.9899em;"><span class="stl_341 stl_08 stl_359" style="word-spacing:-0.0471em;">Contract value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.35em;top:14.9899em;"><span class="stl_341 stl_08 stl_401" style="word-spacing:-0.0314em;">Fair value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0744em;top:16.1712em;"><span class="stl_341 stl_08 stl_140" style="word-spacing:2.0034em;">30.09.23 30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5782em;top:16.1712em;"><span class="stl_341 stl_08 stl_140" style="word-spacing:2.0034em;">30.09.23 30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.7224em;"><span class="stl_341 stl_08 stl_490" style="word-spacing:-0.0449em;">Interest rate swaps:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.6512em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">Interest rate swap, DKK 250m, floating to fixed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:19.4012em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">rate, maturity May 2025  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.81em;top:19.4012em;"><span class="stl_26 stl_13 stl_292">250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0619em;top:19.4012em;"><span class="stl_26 stl_13 stl_292">250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7363em;top:19.4012em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9882em;top:19.4012em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:20.3149em;"><span class="stl_341 stl_08 stl_327" style="word-spacing:-0.0379em;">Total financial assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.6863em;top:20.3149em;"><span class="stl_341 stl_08 stl_170">250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9382em;top:20.3149em;"><span class="stl_341 stl_08 stl_170">250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6482em;top:20.3149em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9em;top:20.3149em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7843em;"><span class="stl_578 stl_94 stl_158" style="word-spacing:-0.027em;">Tax risks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5387em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">To counter any future tax disputes and disagreements with the authorities, the Management makes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">estimates and assessments of the Group’s tax exposure and, on the basis thereof, makes a provision for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.0387em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">uncertain tax positions. Even though the Management considers this provision to be sufficient, future lia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">bilities may deviate from this.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5283em;"><span class="stl_578 stl_94 stl_439" style="word-spacing:-0.0467em;">Credit risks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2827em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">Ambu monitors trade receivables on a daily basis by means of due date reports, changes in payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0327em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0385em;">pattern trends and ordinary follow-up routines to identify any indications that the initial expectations for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7827em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">credit losses on the individual receivables should be adjusted. This risk assessment is targeted at pri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5327em;"><span class="stl_26 stl_13 stl_306" style="word-spacing:-0.0462em;">vate-sector customers.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.0327em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">Public-sector customers are an important part of the Company’s receivables, and it is believed that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7827em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0395em;">no debtor risks are associated with public-sector customers. In addition to a specific assessment for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.5327em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">expected credit losses on private-sector customers, the Management estimates general macro risks on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2827em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">the portfolio of trade receivables. The Group does not use factoring in connection with the collection of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0327em;"><span class="stl_26 stl_13 stl_324">debts.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;z-index:53;"><span class="stl_259 stl_08 stl_467">4</span><span class="stl_259 stl_08 stl_958">.</span><span class="stl_259 stl_08 stl_222" style="word-spacing:-0.0283em;">1 Financial risk management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5387em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">Ambu is exposed to fluctuations in foreign exchange and interest rates. Furthermore, Ambu is exposed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">to liquidity and financing risks. These risks are managed and monitored centrally in the Parent company,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">in accordance with the Finance Policy, approved by the Board of Directors. Ambu does not undertake any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">active speculation in financial risks.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2812em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.039em;">Market risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">As described above, the Group is exposed to changes in foreign exchange and interest rate risks. Addi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">tionally, the Group is exposed to changing in raw materials prices and freight rates. Ambu's Global Pro-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0357em;">curement and Global Supply Chain functions, respectively, monitor these risks and work to mitigate them  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">to an acceptable level. The Management assesses these risks to be manageable, as they represent a small  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0375em;">value of the total cost, despite substantial volatility in recent years.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5312em;"><span class="stl_341 stl_08 stl_117" style="word-spacing:-0.0458em;">Currency risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">The effect of fluctuations in foreign exchange rates on the Group’s financial targets and financial position  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">is monitored on an on-going basis. Prior year's analyses and ongoing quantification of short-term expo-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">sure using reckon statistical models, has indicated an acceptable level of currency risk to Ambu's cash  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">flow and financial targets. On this background, the Group continues to rely on natural hedging, given the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">current mix of transactions at different foreign exchange rates. Please see note 2.5 for further information  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">about foreign currency exposure and the 'Outlook for 2023/24' section in the Management's commentary  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7887em;"><span class="stl_26 stl_13 stl_112">section.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2812em;"><span class="stl_341 stl_08 stl_359" style="word-spacing:-0.0471em;">Interest rate risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.0387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Ambu's policy is to hedge interest rate risk to mitigate fluctuating interest payments. Hedging takes place  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">through interest rate derivatives swapping floating-rate loans into fixed-rate loans. The Group’s credit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.5387em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">facilities carry floating interest rates. The development in interest rates is linked to IBOR/SOFR reference  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.2887em;"><span class="stl_26 stl_13 stl_27">rate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.7887em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">In May 2022, the Company entered into a DKK 250m interest rate swap involving receipt of CIBOR 3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.5387em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">months and payment of a fixed interest rate of 1.24%. The derivative is not considered an accounting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.2887em;z-index:2150;"><span class="stl_26 stl_13 stl_158" style="word-spacing:-0.027em;">hedge in accordance with IFRS 9.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.7812em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Liquidity and financing risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.5387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">Financing and sufficient liquidity are fundamental to Ambu’s continued operation and growth. Liquidity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2887em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">is managed centrally from the Parent company. The objective of the cash management is to ensure that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5562em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">adequate and flexible cash resources are being maintained, thus enabling Ambu to honour its current  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.3062em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">obligations, such as repaying loans and settling other liabilities.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.8018em;"><span class="stl_578 stl_94 stl_59" style="word-spacing:-0.0364em;">Supply chain financing (SCF)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5562em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0315em;">To improve the relationship with our suppliers and minimise the financing cost in the value chain, Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.3062em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">has introduced a SCF program. When participating in this program, the supplier has the option to receive  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.0562em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">early payment from the bank, based on the invoices approved by Ambu through a factoring arrangement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.8062em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0375em;">between the supplier and the bank, where the outstanding invoices are transferred to the bank without  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.5562em;"><span class="stl_26 stl_13 stl_420">recourse.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0562em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Ambu's liability in relation to the SCF programme is the outstanding invoices, which are recognised and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8062em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">presented as a trade payable until paid upon maturity. The trade payables covered by the SCF program  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5562em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">arise in the ordinary course of business from supply of goods and services, and the payment terms of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.3062em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">suppliers that participate in the SCF program are not significantly extended compared to trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0562em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0332em;">not part of the SCF program. At the end of 2022/23, trade payables covered by the program amounted to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.8062em;"><span class="stl_26 stl_13 stl_281" style="word-spacing:-0.0056em;">DKK 44m (DKK 51m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.3018em;"><span class="stl_578 stl_94 stl_319" style="word-spacing:-0.0465em;">Credit facility  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.0562em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">To cover the Group’s liquidity needs, Ambu has committed credit facilities for a total of DKK 1,800m. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.8062em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0339em;">facilities carry floating interest rates in the range of 0.58-2.98%, depending on the Group’s gearing and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.5562em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0328em;">ESG performance. To mitigate the interest rate risk, DKK 250m was hedged in May 2022 through an inter-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.3062em;"><span class="stl_26 stl_13 stl_61" style="word-spacing:-0.0304em;">est rate swap until 2 May 2025 at a fixed interest rate of 1.24%. The credit facilities expires on 28 June 2026  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.0562em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">and are subject to standard financial covenants.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.5562em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">The cash resources, which consist of cash at bank, and committed and uncommitted unutilised credit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.3062em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.03em;">facilities in banks amount to DKK 2.1bn (DKK 0.8bn). Considering committed facilities and cash at bank  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.0562em;"><span class="stl_26 stl_13 stl_146" style="word-spacing:-0.0254em;">only, the cash resource was DKK 2bn (DKK 0.7bn).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.5562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">Cash-pool solutions are applied to a small extent, and intercompany loans have been granted by Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.3062em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0363em;">A/S to a few subsidiaries. The liquidity risk is countered by a consistent focus on budgeted and realised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.0562em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0373em;">cash flow.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5254em;"><span class="stl_341 stl_08 stl_501" style="word-spacing:-0.0425em;">Credit risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2829em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">Ambu is mainly exposed to credit risks in respect of trade receivables. The maximum credit risk corre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0329em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">sponds to the carrying amount. For many years, Ambu has not realised any significant losses on receiva-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7829em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0333em;">bles. Reference is made to note 3.6.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2754em;"><span class="stl_341 stl_08 stl_333" style="word-spacing:-0.0477em;">Counterparty risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0329em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Counterparty risk for cash and financial instruments is mitigated as the Company's primary banks are SIFI  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7829em;"><span class="stl_26 stl_13 stl_498">banks.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2754em;"><span class="stl_341 stl_08 stl_55" style="word-spacing:-0.0408em;">Capital management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0329em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">The primary objective of the Group’s capital management is to ensure the funding of growth of the Group,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7829em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">while maximising the return to the shareholders through the optimisation of the debt and equity balance.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2829em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">For the purpose of the Group’s capital management, capital includes share capital and all other equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0329em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0424em;">reserves attributable to the equity holders of the parent.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5329em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">The Group manages its capital structure and makes adjustments in light of changes in economic con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2829em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">ditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0329em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Group may adjust the dividend payment to shareholders or issue new shares.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5343em;"><span class="stl_578 stl_94 stl_417" style="word-spacing:-0.044em;">Foreign currency risks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;z-index:1293;"><span class="stl_26 stl_13 stl_46" style="word-spacing:-0.0323em;">The majority of Ambu's sales are invoiced in USD, EUR and GB</span><span class="stl_26 stl_13 stl_959">P</span><span class="stl_26 stl_13 stl_16" style="word-spacing:0em;">. </span><span class="stl_26 stl_13 stl_80">T</span><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0405em;">he majority of Ambu's production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0387em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">and OPEX are in USD, DKK, EUR, MYR and CNY. All assets and liabililties in the subsidiaries' balance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7887em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">sheets are denominated in foreign currency. As a consequence, fluctuations in these exchange rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">against DKK might impact Ambu’s financial position and results. The most important exchange rates in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2887em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.0319em;">relation to risk exposure are USD, MYR, CNY and GBP (collectively referred to as ‘main currencies’). Fur-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.0387em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">thermore, EUR is a currency with large exposure, but the risk is deemed limited, due to DKK being pegged  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7887em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">to EUR.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3575em;top:10.4899em;"><span class="stl_341 stl_08 stl_327">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3507em;top:10.4899em;"><span class="stl_341 stl_08 stl_261">Devel-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.6569em;top:11.2399em;"><span class="stl_341 stl_08 stl_516">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.905em;top:11.2399em;"><span class="stl_341 stl_08 stl_579">opment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3138em;top:11.9899em;"><span class="stl_341 stl_08 stl_54">nologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.3732em;top:11.9899em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:0.5332em;">Acquired Completed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4982em;top:11.9899em;"><span class="stl_341 stl_08 stl_338">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7657em;top:11.9899em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.5863em;top:12.7399em;"><span class="stl_341 stl_08 stl_439">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.6725em;top:12.7399em;"><span class="stl_341 stl_08 stl_516">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5119em;top:12.7399em;"><span class="stl_341 stl_08 stl_37">develop-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2738em;top:12.7399em;"><span class="stl_341 stl_08 stl_51" style="word-spacing:-0.0368em;">incl. IT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3219em;top:12.7399em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.043em;">and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3519em;top:13.4899em;"><span class="stl_341 stl_08 stl_80" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.783em;top:13.4899em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0355em;">nologies in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.6388em;top:13.4899em;"><span class="stl_341 stl_08 stl_466">ment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8988em;top:13.4899em;"><span class="stl_341 stl_08 stl_690">soft-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6em;top:13.4899em;"><span class="stl_341 stl_08 stl_335" style="word-spacing:-0.0497em;">assets in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.4475em;top:14.2399em;"><span class="stl_341 stl_08 stl_328">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.4388em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6788em;top:14.2399em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7863em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">ware  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5413em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1232em;top:14.2399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.7912em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:17.2318em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.155em;top:17.2318em;"><span class="stl_26 stl_13 stl_366">732  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2075em;top:17.2318em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.6557em;top:17.2318em;"><span class="stl_26 stl_13 stl_426">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2807em;top:17.2318em;"><span class="stl_26 stl_13 stl_355">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2369em;top:17.2318em;"><span class="stl_26 stl_13 stl_363">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0094em;top:17.2318em;"><span class="stl_26 stl_13 stl_386">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.1531em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.9031em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3775em;top:18.9031em;"><span class="stl_26 stl_13 stl_388">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0638em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0794em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.15em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1657em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8019em;top:18.9031em;"><span class="stl_26 stl_13 stl_388">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.8243em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0469em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0625em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0782em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6444em;top:19.8243em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2819em;top:19.8243em;"><span class="stl_26 stl_13 stl_365">242  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5625em;top:19.8243em;"><span class="stl_26 stl_13 stl_418">255  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.7456em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0469em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0625em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.7469em;top:20.7456em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.7888em;top:20.7456em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1644em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.09em;top:20.7456em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:21.6668em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.19em;top:21.6668em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0144em;top:21.6668em;"><span class="stl_26 stl_13 stl_293">-212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.1663em;top:21.6668em;"><span class="stl_26 stl_13 stl_352">233  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6em;top:21.6668em;"><span class="stl_26 stl_13 stl_467">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.09em;top:21.6668em;"><span class="stl_26 stl_13 stl_45">-281  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4719em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:22.5806em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.0182em;top:22.5806em;"><span class="stl_341 stl_08 stl_418">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0532em;top:22.5806em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.4619em;top:22.5806em;"><span class="stl_341 stl_08 stl_16">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1407em;top:22.5806em;"><span class="stl_341 stl_08 stl_354">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.11em;top:22.5806em;"><span class="stl_341 stl_08 stl_368">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9113em;top:22.5806em;"><span class="stl_341 stl_08 stl_948">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:24.0212em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0432em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:24.7712em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">impairment losses at 1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9894em;top:25.5212em;"><span class="stl_26 stl_13 stl_978">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0619em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.9638em;top:25.5212em;"><span class="stl_26 stl_13 stl_352">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1213em;top:25.5212em;"><span class="stl_26 stl_13 stl_979">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1644em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3338em;top:25.5212em;"><span class="stl_26 stl_13 stl_112">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:26.4424em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:27.1924em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.545em;top:27.1924em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0619em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0775em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.1482em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1638em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.97em;top:27.1924em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:28.1137em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0457em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0613em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9082em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.9788em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1632em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3013em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:29.0349em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Impairment losses for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:29.7849em;"><span class="stl_26 stl_13 stl_496">year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0444em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.06em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.7157em;top:29.7849em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.4807em;top:29.7849em;"><span class="stl_26 stl_13 stl_801">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1625em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7982em;top:29.7849em;"><span class="stl_26 stl_13 stl_72">-18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:30.7062em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.2994em;top:30.7062em;"><span class="stl_26 stl_13 stl_98">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0607em;top:30.7062em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.0432em;top:30.7062em;"><span class="stl_26 stl_13 stl_981">-107  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.3907em;top:30.7062em;"><span class="stl_26 stl_13 stl_29">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1625em;top:30.7062em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4157em;top:30.7062em;"><span class="stl_26 stl_13 stl_948">-184  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:31.6199em;"><span class="stl_341 stl_08 stl_516" style="word-spacing:-0.0474em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:32.3699em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0387em;">impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:33.1199em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.8094em;top:33.1199em;"><span class="stl_341 stl_08 stl_357">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0507em;top:33.1199em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.8019em;top:33.1199em;"><span class="stl_341 stl_08 stl_109">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9763em;top:33.1199em;"><span class="stl_341 stl_08 stl_983">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1532em;top:33.1199em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.7332em;top:33.1199em;"><span class="stl_341 stl_08 stl_984">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:34.0412em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0468em;">Carrying amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:34.7912em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9925em;top:34.7912em;"><span class="stl_341 stl_08 stl_109">643  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.05em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.0432em;top:34.7912em;"><span class="stl_341 stl_08 stl_98">888  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.5394em;top:34.7912em;"><span class="stl_341 stl_08 stl_300">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1069em;top:34.7912em;"><span class="stl_341 stl_08 stl_368">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8038em;top:34.7912em;"><span class="stl_341 stl_08 stl_465">2,046  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0819em;top:10.4899em;"><span class="stl_341 stl_08 stl_327">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0751em;top:10.4899em;"><span class="stl_341 stl_08 stl_261">Devel-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.3813em;top:11.2399em;"><span class="stl_341 stl_08 stl_635">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.6295em;top:11.2399em;"><span class="stl_341 stl_08 stl_579">opment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0382em;top:11.9899em;"><span class="stl_341 stl_08 stl_54">nologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.2226em;top:11.9899em;"><span class="stl_341 stl_08 stl_505">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4901em;top:11.9899em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.3107em;top:12.7399em;"><span class="stl_341 stl_08 stl_439">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9982em;top:12.7399em;"><span class="stl_341 stl_08 stl_51" style="word-spacing:-0.0368em;">incl. IT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.0463em;top:12.7399em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.043em;">and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0763em;top:13.4899em;"><span class="stl_341 stl_08 stl_80" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.504em;top:13.4899em;"><span class="stl_341 stl_08 stl_579" style="word-spacing:-0.0355em;">nologies in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6232em;top:13.4899em;"><span class="stl_341 stl_08 stl_674">soft-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3245em;top:13.4899em;"><span class="stl_341 stl_08 stl_335" style="word-spacing:-0.0497em;">assets in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.172em;top:14.2399em;"><span class="stl_341 stl_08 stl_14">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5107em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">ware  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.2657em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8476em;top:14.2399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:15.7912em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.2318em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8788em;top:17.2318em;"><span class="stl_26 stl_13 stl_110">592  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.9045em;top:17.2318em;"><span class="stl_26 stl_13 stl_387">324  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.9357em;top:17.2318em;"><span class="stl_26 stl_13 stl_838">762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.9901em;top:17.2318em;"><span class="stl_26 stl_13 stl_45">186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9976em;top:17.2318em;"><span class="stl_26 stl_13 stl_366">581  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7226em;top:17.2318em;"><span class="stl_26 stl_13 stl_29">2,445  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.1531em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.9031em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2432em;top:18.9031em;"><span class="stl_26 stl_13 stl_354">28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7882em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8038em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8745em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.7213em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6595em;top:18.9031em;"><span class="stl_26 stl_13 stl_31">29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.8243em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7719em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7876em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8032em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7051em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9844em;top:19.8243em;"><span class="stl_26 stl_13 stl_292">407  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3526em;top:19.8243em;"><span class="stl_26 stl_13 stl_361">415  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:20.7456em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7713em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7869em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.4051em;top:20.7456em;"><span class="stl_26 stl_13 stl_396">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8738em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8894em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7988em;top:20.7456em;"><span class="stl_26 stl_13 stl_396">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:21.6668em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.9557em;top:21.6668em;"><span class="stl_26 stl_13 stl_787">112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.8088em;top:21.6668em;"><span class="stl_26 stl_13 stl_869">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8951em;top:21.6668em;"><span class="stl_26 stl_13 stl_130">502  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7044em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7588em;top:21.6668em;"><span class="stl_26 stl_13 stl_466">-506  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1957em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.5806em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7488em;top:22.5806em;"><span class="stl_341 stl_08 stl_255">732  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7988em;top:22.5806em;"><span class="stl_341 stl_08 stl_33">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.1782em;top:22.5806em;"><span class="stl_341 stl_08 stl_104">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.8832em;top:22.5806em;"><span class="stl_341 stl_08 stl_399">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.8488em;top:22.5806em;"><span class="stl_341 stl_08 stl_86">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5357em;top:22.5806em;"><span class="stl_341 stl_08 stl_466">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:24.0212em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0432em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:24.7712em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">impairment losses at 1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7188em;top:25.5212em;"><span class="stl_26 stl_13 stl_358">-185  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7863em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.7113em;top:25.5212em;"><span class="stl_26 stl_13 stl_179">-367  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.8819em;top:25.5212em;"><span class="stl_26 stl_13 stl_980">-110  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8882em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0563em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">-662  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:26.4424em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:27.1924em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0407em;top:27.1924em;"><span class="stl_26 stl_13 stl_218">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7857em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8013em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.5407em;top:27.1924em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8876em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4676em;top:27.1924em;"><span class="stl_26 stl_13 stl_177">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4457em;top:28.1137em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7688em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7844em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.6313em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8707em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8863em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0244em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4444em;top:29.0349em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0332em;">Remeasured provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4444em;top:29.7849em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">against asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7676em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7832em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.7988em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.2238em;top:29.7849em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8851em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5463em;top:29.7849em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:30.7062em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Impairment losses for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:31.4562em;"><span class="stl_26 stl_13 stl_496">year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7663em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7819em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0382em;top:31.4562em;"><span class="stl_26 stl_13 stl_359">-53  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8688em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8844em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4319em;top:31.4562em;"><span class="stl_26 stl_13 stl_359">-53  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:32.3774em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.9807em;top:32.3774em;"><span class="stl_26 stl_13 stl_982">-44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7819em;top:32.3774em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0263em;top:32.3774em;"><span class="stl_26 stl_13 stl_225">-80  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.1426em;top:32.3774em;"><span class="stl_26 stl_13 stl_184">-20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8844em;top:32.3774em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1369em;top:32.3774em;"><span class="stl_26 stl_13 stl_399">-144  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:33.2912em;"><span class="stl_341 stl_08 stl_516" style="word-spacing:-0.0474em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:34.0412em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0387em;">impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:34.7912em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.5544em;top:34.7912em;"><span class="stl_341 stl_08 stl_245">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7732em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.5463em;top:34.7912em;"><span class="stl_341 stl_08 stl_401">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6969em;top:34.7912em;"><span class="stl_341 stl_08 stl_880">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8751em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9394em;top:34.7912em;"><span class="stl_341 stl_08 stl_248">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4419em;top:35.7124em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0468em;">Carrying amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4419em;top:36.4624em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7444em;top:36.4624em;"><span class="stl_341 stl_08 stl_104">481  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7938em;top:36.4624em;"><span class="stl_341 stl_08 stl_33">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.7932em;top:36.4624em;"><span class="stl_341 stl_08 stl_460">764  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.2494em;top:36.4624em;"><span class="stl_341 stl_08 stl_362">56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.8432em;top:36.4624em;"><span class="stl_341 stl_08 stl_86">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6076em;top:36.4624em;"><span class="stl_341 stl_08 stl_39">1,996  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4313em;top:10.4899em;"><span class="stl_341 stl_08 stl_498">Property,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.6088em;top:11.2399em;"><span class="stl_341 stl_08 stl_338">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4332em;top:11.2399em;"><span class="stl_341 stl_08 stl_466" style="word-spacing:-0.0367em;">plant and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.8282em;top:11.9899em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.0444em;">Land and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.7357em;top:11.9899em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Plant and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.627em;top:11.9899em;"><span class="stl_341 stl_08 stl_475" style="word-spacing:-0.0531em;">fixtures and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.955em;top:11.9899em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.7175em;top:12.7399em;"><span class="stl_341 stl_08 stl_55" style="word-spacing:0.7641em;">buildings machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.9944em;top:12.7399em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.8432em;top:12.7399em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1225em;top:12.7399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2912em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.2199em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.62em;top:15.2199em;"><span class="stl_26 stl_13 stl_103">301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.6175em;top:15.2199em;"><span class="stl_26 stl_13 stl_58">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.3519em;top:15.2199em;"><span class="stl_26 stl_13 stl_142">222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.34em;top:15.2199em;"><span class="stl_26 stl_13 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1019em;top:15.2199em;"><span class="stl_26 stl_13 stl_374">1,217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:16.1412em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.7919em;top:16.1412em;"><span class="stl_26 stl_13 stl_177">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.755em;top:16.1412em;"><span class="stl_26 stl_13 stl_985">-46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6132em;top:16.1412em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8382em;top:16.1412em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6994em;top:16.1412em;"><span class="stl_26 stl_13 stl_986">-83  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:17.0624em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5182em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.365em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0894em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6744em;top:17.0624em;"><span class="stl_26 stl_13 stl_35">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.955em;top:17.0624em;"><span class="stl_26 stl_13 stl_605">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:17.9837em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5175em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.1425em;top:17.9837em;"><span class="stl_26 stl_13 stl_346">-8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8925em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2182em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8132em;top:17.9837em;"><span class="stl_26 stl_13 stl_847">-17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:18.9049em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3482em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0063em;top:18.9049em;"><span class="stl_26 stl_13 stl_387">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.755em;top:18.9049em;"><span class="stl_26 stl_13 stl_394">76  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1738em;top:18.9049em;"><span class="stl_26 stl_13 stl_892">-134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4694em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:19.8187em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5019em;top:19.8187em;"><span class="stl_341 stl_08 stl_38">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.5125em;top:19.8187em;"><span class="stl_341 stl_08 stl_270">537  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2244em;top:19.8187em;"><span class="stl_341 stl_08 stl_98">285  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6057em;top:19.8187em;"><span class="stl_341 stl_08 stl_570">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9344em;top:19.8187em;"><span class="stl_341 stl_08 stl_781">1,188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:21.2593em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:22.0093em;"><span class="stl_26 stl_13 stl_417" style="word-spacing:-0.044em;">losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.4594em;top:22.0093em;"><span class="stl_26 stl_13 stl_450">-108  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.405em;top:22.0093em;"><span class="stl_26 stl_13 stl_35">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2857em;top:22.0093em;"><span class="stl_26 stl_13 stl_987">-117  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2175em;top:22.0093em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3357em;top:22.0093em;"><span class="stl_26 stl_13 stl_344">-585  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:22.9305em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3475em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.9882em;top:22.9305em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0875em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2169em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9132em;top:22.9305em;"><span class="stl_26 stl_13 stl_79">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7206em;top:23.8518em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5163em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.3632em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0875em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2169em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9606em;top:23.8518em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:24.773em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Impairment losses for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5157em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.5313em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2557em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2163em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4681em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7194em;top:25.6943em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8694em;top:25.6943em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.7944em;top:25.6943em;"><span class="stl_26 stl_13 stl_95">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5263em;top:25.6943em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2156em;top:25.6943em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7538em;top:25.6943em;"><span class="stl_26 stl_13 stl_39">-77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7188em;top:26.608em;"><span class="stl_341 stl_08 stl_305" style="word-spacing:-0.0383em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7188em;top:27.358em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0413em;">losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3944em;top:27.358em;"><span class="stl_341 stl_08 stl_988">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2732em;top:27.358em;"><span class="stl_341 stl_08 stl_466">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0857em;top:27.358em;"><span class="stl_341 stl_08 stl_881">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2063em;top:27.358em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1932em;top:27.358em;"><span class="stl_341 stl_08 stl_109">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7181em;top:28.2793em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Carrying amount at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7181em;top:29.0293em;"><span class="stl_341 stl_08 stl_345" style="word-spacing:-0.0398em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5506em;top:29.0293em;"><span class="stl_341 stl_08 stl_393">175  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.555em;top:29.0293em;"><span class="stl_341 stl_08 stl_759">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.25em;top:29.0293em;"><span class="stl_341 stl_08 stl_381">153  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6031em;top:29.0293em;"><span class="stl_341 stl_08 stl_570">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.435em;top:29.0293em;"><span class="stl_341 stl_08 stl_137">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.1557em;top:10.4899em;"><span class="stl_341 stl_08 stl_48">Property,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.3332em;top:11.2399em;"><span class="stl_341 stl_08 stl_505">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.1576em;top:11.2399em;"><span class="stl_341 stl_08 stl_466" style="word-spacing:-0.0367em;">plant and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.5526em;top:11.9899em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.0444em;">Land and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.4601em;top:11.9899em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Plant and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.348em;top:11.9899em;"><span class="stl_341 stl_08 stl_475" style="word-spacing:-0.0531em;">fixtures and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6795em;top:11.9899em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.442em;top:12.7399em;"><span class="stl_341 stl_08 stl_55" style="word-spacing:0.7641em;">buildings machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.7188em;top:12.7399em;"><span class="stl_341 stl_08 stl_86">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.5676em;top:12.7399em;"><span class="stl_341 stl_08 stl_328" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.847em;top:12.7399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2912em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.2199em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.3395em;top:15.2199em;"><span class="stl_26 stl_13 stl_292">266  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.4151em;top:15.2199em;"><span class="stl_26 stl_13 stl_393">474  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.1057em;top:15.2199em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0444em;top:15.2199em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7545em;top:15.2199em;"><span class="stl_26 stl_13 stl_303">1,008  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.1412em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7069em;top:16.1412em;"><span class="stl_26 stl_13 stl_31">29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7101em;top:16.1412em;"><span class="stl_26 stl_13 stl_109">46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4907em;top:16.1412em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4219em;top:16.1412em;"><span class="stl_26 stl_13 stl_380">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3788em;top:16.1412em;"><span class="stl_26 stl_13 stl_85">113  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0624em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0757em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.0913em;top:17.0624em;"><span class="stl_26 stl_13 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4657em;top:17.0624em;"><span class="stl_26 stl_13 stl_33">31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0438em;top:17.0624em;"><span class="stl_26 stl_13 stl_270">100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3194em;top:17.0624em;"><span class="stl_26 stl_13 stl_84">138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9837em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.8638em;top:17.9837em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5319em;top:17.9837em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.3088em;top:17.9837em;"><span class="stl_26 stl_13 stl_393">-10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:17.9837em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4394em;top:17.9837em;"><span class="stl_26 stl_13 stl_490">-42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.9049em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0757em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7307em;top:18.9049em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.4807em;top:18.9049em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1688em;top:18.9049em;"><span class="stl_26 stl_13 stl_938">-65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1963em;top:18.9049em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:19.8187em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2207em;top:19.8187em;"><span class="stl_341 stl_08 stl_95">301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2238em;top:19.8187em;"><span class="stl_341 stl_08 stl_111">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.9544em;top:19.8187em;"><span class="stl_341 stl_08 stl_352">222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9451em;top:19.8187em;"><span class="stl_341 stl_08 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6251em;top:19.8187em;"><span class="stl_341 stl_08 stl_428">1,217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:21.2593em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.0093em;"><span class="stl_26 stl_13 stl_417" style="word-spacing:-0.044em;">losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.4719em;top:22.0093em;"><span class="stl_26 stl_13 stl_839">-85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.1826em;top:22.0093em;"><span class="stl_26 stl_13 stl_620">-310  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.2444em;top:22.0093em;"><span class="stl_26 stl_13 stl_130">-92  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:22.0093em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0588em;top:22.0093em;"><span class="stl_26 stl_13 stl_417">-487  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.9305em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5969em;top:22.9305em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5294em;top:22.9305em;"><span class="stl_26 stl_13 stl_570">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.3194em;top:22.9305em;"><span class="stl_26 stl_13 stl_392">-12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:22.9305em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4519em;top:22.9305em;"><span class="stl_26 stl_13 stl_18">-52  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:23.8518em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0744em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7301em;top:23.8518em;"><span class="stl_26 stl_13 stl_354">28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.8151em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9444em;top:23.8518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6544em;top:23.8518em;"><span class="stl_26 stl_13 stl_36">38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:24.773em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Impairment losses for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2432em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.9113em;top:24.773em;"><span class="stl_26 stl_13 stl_390">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9832em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9438em;top:24.773em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8482em;top:24.773em;"><span class="stl_26 stl_13 stl_390">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:25.6943em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5757em;top:25.6943em;"><span class="stl_26 stl_13 stl_879">-13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.5001em;top:25.6943em;"><span class="stl_26 stl_13 stl_490">-42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.2532em;top:25.6943em;"><span class="stl_26 stl_13 stl_218">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9432em;top:25.6943em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4813em;top:25.6943em;"><span class="stl_26 stl_13 stl_39">-77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:26.608em;"><span class="stl_341 stl_08 stl_305" style="word-spacing:-0.0383em;">Depreciation and impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:27.358em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0413em;">losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0619em;top:27.358em;"><span class="stl_341 stl_08 stl_989">-108  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.0007em;top:27.358em;"><span class="stl_341 stl_08 stl_466">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8751em;top:27.358em;"><span class="stl_341 stl_08 stl_990">-117  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9338em;top:27.358em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9363em;top:27.358em;"><span class="stl_341 stl_08 stl_97">-585  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:28.2793em;"><span class="stl_341 stl_08 stl_319" style="word-spacing:-0.0463em;">Carrying amount at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4463em;top:29.0293em;"><span class="stl_341 stl_08 stl_345" style="word-spacing:-0.0398em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2438em;top:29.0293em;"><span class="stl_341 stl_08 stl_44">193  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2857em;top:29.0293em;"><span class="stl_341 stl_08 stl_455">178  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.9732em;top:29.0293em;"><span class="stl_341 stl_08 stl_209">105  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9451em;top:29.0293em;"><span class="stl_341 stl_08 stl_798">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1595em;top:29.0293em;"><span class="stl_341 stl_08 stl_58">632  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:30.9524em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:31.7099em;"><span class="stl_26 stl_13 stl_201" style="word-spacing:-0.0286em;">For a description of accounting policies, reference is made to notes 3.1, 3.2 and 3.3.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_496" style="word-spacing:-0.0245em;">2.7 Income taxes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5387em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">Ambu develops, manufactures and sells solutions to hospitals and rescue services all over the world  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">through its own companies or in collaboration with third parties. This naturally leads to cross-border  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">transactions. In order to counter the inherent tax risk associated with being a multinational company,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Ambu follows the OECD’s transfer pricing principles and general guidelines. Even though Ambu operates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0375em;">in OECD member countries, a tax risk still exists, given the fact that applicable principles and guidelines  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">are, to some extent, subject to interpretation by the member countries, and that applicable case law is not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">always clear and changes over time.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5343em;"><span class="stl_578 stl_94 stl_150" style="word-spacing:-0.0242em;">Tax governance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0317em;">Our work with income taxes is governed by the Tax Policy, approved by the Board of Directors. Ambu's  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">policy is to have a low tax risk appetite and to refrain from having business in tax havens or low tax jurisdic-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0377em;">tions for the purpose of conducting tax optimisation.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">In some jurisdictions where we operate, tax incentives are offered to all market participants. Our tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">approach does not prevent us from making use of such incentives, in so far as our activities are busi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0345em;">ness-driven and not motivated by tax considerations. Tax incentives utilised by Ambu mainly relates to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">R&amp;D activities. The majority of the current tax incentives are applied in Denmark, where Ambu A/S utilises  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">the possibility of R&amp;D credit relief.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7843em;"><span class="stl_578 stl_94 stl_158" style="word-spacing:-0.027em;">Tax risks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5387em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">To counter any future tax disputes and disagreements with the authorities, the Management makes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">estimates and assessments of the Group’s tax exposure and, on the basis thereof, makes a provision for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.0387em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">uncertain tax positions. Even though the Management considers this provision to be sufficient, future lia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">bilities may deviate from this.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:29.2399em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:29.2399em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.7912em;"><span class="stl_341 stl_08 stl_61" style="word-spacing:-0.0303em;">Tax for the year comprises:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.6962em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Current tax on profit for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7163em;top:31.6962em;"><span class="stl_26 stl_13 stl_71">41  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.98em;top:31.6962em;"><span class="stl_26 stl_13 stl_416">61  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.5937em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Deferred tax on profit for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7163em;top:32.5937em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7294em;top:32.5937em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.4912em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Adjustment in respect of previous years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5575em;top:33.4912em;"><span class="stl_26 stl_13 stl_392">-12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9719em;top:33.4912em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.3812em;"><span class="stl_341 stl_08 stl_437" style="word-spacing:-0.0341em;">Tax on profit for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5988em;top:34.3812em;"><span class="stl_341 stl_08 stl_58">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8863em;top:34.3812em;"><span class="stl_341 stl_08 stl_575">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:35.798em;"><span class="stl_26 stl_13 stl_36" style="word-spacing:-0.0359em;">Current tax on other comprehensive income and entries on equity for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2207em;top:35.798em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4725em;top:35.798em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:36.6955em;"><span class="stl_26 stl_13 stl_140" style="word-spacing:-0.0366em;">Deferred tax on other comprehensive income and entries on equity for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5013em;top:36.6955em;"><span class="stl_26 stl_13 stl_162">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:36.6955em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:37.5855em;"><span class="stl_341 stl_08 stl_51" style="word-spacing:-0.0368em;">Tax on other comprehensive income and entries on equity for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4em;top:37.5855em;"><span class="stl_341 stl_08 stl_542">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2638em;top:37.5855em;"><span class="stl_341 stl_08 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:39.3812em;"><span class="stl_341 stl_08 stl_87" style="word-spacing:-0.0319em;">Total income taxes for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6332em;top:39.3812em;"><span class="stl_341 stl_08 stl_575">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8544em;top:39.3812em;"><span class="stl_341 stl_08 stl_142">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4475em;top:10.4799em;"><span class="stl_578 stl_94 stl_28" style="word-spacing:-0.0402em;">Income tax paid  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4475em;top:11.2343em;"><span class="stl_26 stl_13 stl_146" style="word-spacing:-0.0254em;">Paid income tax for the year was DKK 57m (DKK 79m), corresponding to 27% (72%) of realised profit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4475em;top:11.9843em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0331em;">before tax. The reason for the high effective tax payment in 2021/22, compared to the realised average  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4475em;top:12.7343em;"><span class="stl_26 stl_13 stl_525" style="word-spacing:-0.0417em;">effective tax rate, was due to timing differences from deferred tax on profits in previous years.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.1943em;"><span class="stl_26 stl_13 stl_445">(%)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:14.1868em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:14.1868em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7381em;"><span class="stl_341 stl_08 stl_159" style="word-spacing:-0.0291em;">Tax on profit for the year comprises (%):  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.6668em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">Applicable tax rate on profit for the year in Parent company  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8763em;top:16.6668em;"><span class="stl_26 stl_13 stl_307">22.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1282em;top:16.6668em;"><span class="stl_26 stl_13 stl_307">22.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:17.5881em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Effect of tax rate in foreign subsidiaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.2882em;top:17.5881em;z-index:2784;"><span class="stl_26 stl_13 stl_427">3.1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2019em;top:17.5881em;z-index:2788;"><span class="stl_26 stl_13 stl_759">15.1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:18.5093em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">Income not subject to tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1388em;top:18.5093em;"><span class="stl_26 stl_13 stl_960">-1.9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2594em;top:18.5093em;"><span class="stl_26 stl_13 stl_522">-0.8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:19.4306em;"><span class="stl_26 stl_13 stl_467" style="word-spacing:-0.048em;">Non-deductible costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.2332em;top:19.4306em;"><span class="stl_26 stl_13 stl_111">3.8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1407em;top:19.4306em;"><span class="stl_26 stl_13 stl_741">10.8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:20.3518em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">Adjustment, change in tax rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9444em;top:20.3518em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4788em;top:20.3518em;"><span class="stl_26 stl_13 stl_68">0.3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:21.2731em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Value adjustment of contingent consideration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9451em;top:21.2731em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9369em;top:21.2731em;"><span class="stl_26 stl_13 stl_257">-24.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.1943em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">Tax adjustment in respect of previous years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0751em;top:22.1943em;z-index:2987;"><span class="stl_26 stl_13 stl_620">-5.1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1938em;top:22.1943em;"><span class="stl_26 stl_13 stl_605">11.2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.1156em;"><span class="stl_26 stl_13 stl_525" style="word-spacing:-0.0418em;">Additional tax deduction on R&amp;D costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1401em;top:23.1156em;"><span class="stl_26 stl_13 stl_960">-1.9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0613em;top:23.1156em;"><span class="stl_26 stl_13 stl_72">-17.8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:24.0368em;"><span class="stl_26 stl_13 stl_357" style="word-spacing:-0.0387em;">Utilisation of tax assets not previously recognised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9463em;top:24.0368em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3482em;top:24.0368em;"><span class="stl_26 stl_13 stl_81">-1.5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:24.9506em;"><span class="stl_341 stl_08 stl_525" style="word-spacing:-0.0417em;">Average effective tax rate (tax expense  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:25.7006em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0415em;">divided by profit before tax)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.7163em;top:25.7006em;"><span class="stl_341 stl_08 stl_352">20.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0032em;top:25.7006em;"><span class="stl_341 stl_08 stl_411">14.7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.1699em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.9274em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">The tax for the year, which consists of current tax and changes in deferred tax, is recognised in the income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:28.6774em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">statement, with the portion attributable to the profit for the year, and in other comprehensive income, with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:29.4274em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">the portion attributable to amounts recognised directly in other comprehensive income and in equity with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.1774em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">the portion attributable to amounts recognised directly in equity. The tax effect of share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.9274em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">is included in tax on profit for the year with the portion attributable to the Group’s deductible share of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:31.6774em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">cost from the Black-Scholes or other applied valuation model, and the remaining tax effect is included in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:32.4274em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">equity. Tax is provided on the basis of the tax rules and tax rates applicable in the individual countries.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.1699em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.9274em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">The tax for the year, which consists of current tax and changes in deferred tax, is recognised in the income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:28.6774em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">statement, with the portion attributable to the profit for the year, and in other comprehensive income, with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:29.4274em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">the portion attributable to amounts recognised directly in other comprehensive income and in equity with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.1774em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">the portion attributable to amounts recognised directly in equity. The tax effect of share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.9274em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">is included in tax on profit for the year with the portion attributable to the Group’s deductible share of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:31.6774em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">cost from the Black-Scholes or other applied valuation model, and the remaining tax effect is included in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:32.4274em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">equity. Tax is provided on the basis of the tax rules and tax rates applicable in the individual countries.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.1699em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:27.9274em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">The tax for the year, which consists of current tax and changes in deferred tax, is recognised in the income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:28.6774em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">statement, with the portion attributable to the profit for the year, and in other comprehensive income, with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:29.4274em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">the portion attributable to amounts recognised directly in other comprehensive income and in equity with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.1774em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">the portion attributable to amounts recognised directly in equity. The tax effect of share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:30.9274em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">is included in tax on profit for the year with the portion attributable to the Group’s deductible share of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:31.6774em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">cost from the Black-Scholes or other applied valuation model, and the remaining tax effect is included in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:32.4274em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">equity. Tax is provided on the basis of the tax rules and tax rates applicable in the individual countries.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:29.2399em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:29.2399em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.7912em;"><span class="stl_341 stl_08 stl_61" style="word-spacing:-0.0303em;">Tax for the year comprises:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.6962em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Current tax on profit for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7163em;top:31.6962em;"><span class="stl_26 stl_13 stl_71">41  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.98em;top:31.6962em;"><span class="stl_26 stl_13 stl_416">61  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.5937em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Deferred tax on profit for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7163em;top:32.5937em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7294em;top:32.5937em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.4912em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Adjustment in respect of previous years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5575em;top:33.4912em;"><span class="stl_26 stl_13 stl_392">-12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9719em;top:33.4912em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.3812em;"><span class="stl_341 stl_08 stl_437" style="word-spacing:-0.0341em;">Tax on profit for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5988em;top:34.3812em;"><span class="stl_341 stl_08 stl_58">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8863em;top:34.3812em;"><span class="stl_341 stl_08 stl_575">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:35.798em;"><span class="stl_26 stl_13 stl_36" style="word-spacing:-0.0359em;">Current tax on other comprehensive income and entries on equity for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2207em;top:35.798em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4725em;top:35.798em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:36.6955em;"><span class="stl_26 stl_13 stl_140" style="word-spacing:-0.0366em;">Deferred tax on other comprehensive income and entries on equity for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5013em;top:36.6955em;"><span class="stl_26 stl_13 stl_162">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:36.6955em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:37.5855em;"><span class="stl_341 stl_08 stl_51" style="word-spacing:-0.0368em;">Tax on other comprehensive income and entries on equity for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4em;top:37.5855em;"><span class="stl_341 stl_08 stl_542">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2638em;top:37.5855em;"><span class="stl_341 stl_08 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:39.3812em;"><span class="stl_341 stl_08 stl_87" style="word-spacing:-0.0319em;">Total income taxes for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6332em;top:39.3812em;"><span class="stl_341 stl_08 stl_575">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8544em;top:39.3812em;"><span class="stl_341 stl_08 stl_142">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_48" style="word-spacing:-0.0395em;">2.8 Deferred tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5788em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.0249em;"><span class="stl_26 stl_13 stl_107" style="word-spacing:-0.0429em;">Deferred tax at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4588em;top:12.0249em;"><span class="stl_26 stl_13 stl_364">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7588em;top:12.0249em;"><span class="stl_26 stl_13 stl_868">-24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.8756em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8894em;top:12.8756em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.1413em;top:12.8756em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.7262em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">Deferred tax on share-based payment recognised in equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5013em;top:13.7262em;"><span class="stl_26 stl_13 stl_162">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:13.7262em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.5768em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">Deferred tax for the year recognised in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7157em;top:14.5768em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7288em;top:14.5768em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.4274em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Adjustment in respect of previous years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.825em;top:15.4274em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9894em;top:15.4274em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.2706em;"><span class="stl_341 stl_08 stl_107" style="word-spacing:-0.0428em;">Deferred tax at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:16.2706em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:16.2706em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:17.6093em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.0431em;">Deferred tax relates to:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.4674em;"><span class="stl_26 stl_13 stl_525" style="word-spacing:-0.0417em;">Intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:18.4674em;"><span class="stl_26 stl_13 stl_97">383  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5432em;top:18.4674em;"><span class="stl_26 stl_13 stl_467">438  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.318em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.685em;top:19.318em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.95em;top:19.318em;"><span class="stl_26 stl_13 stl_428">24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.1687em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.0431em;">Current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4588em;top:20.1687em;"><span class="stl_26 stl_13 stl_364">-54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7288em;top:20.1687em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.0193em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">Deferred tax on share-based payment recognised in equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:21.0193em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:21.0193em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.8699em;"><span class="stl_26 stl_13 stl_32">Provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6769em;top:21.8699em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:21.8699em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.7205em;"><span class="stl_26 stl_13 stl_564">Payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5563em;top:22.7205em;"><span class="stl_26 stl_13 stl_441">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7575em;top:22.7205em;"><span class="stl_26 stl_13 stl_387">-21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.5712em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Tax loss carry-forwards  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0869em;top:23.5712em;"><span class="stl_26 stl_13 stl_68">-447  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3644em;top:23.5712em;"><span class="stl_26 stl_13 stl_376">-473  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:24.4143em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:24.4143em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:25.753em;"><span class="stl_341 stl_08 stl_465" style="word-spacing:-0.0389em;">Classified in the balance sheet as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:26.6112em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.0431em;">Deferred tax asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.45em;top:26.6112em;"><span class="stl_26 stl_13 stl_839">-85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7719em;top:26.6112em;"><span class="stl_26 stl_13 stl_385">-70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.4618em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0431em;">Deferred tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:27.4618em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:27.4618em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3763em;top:28.3049em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6244em;top:28.3049em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.7299em;"><span class="stl_578 stl_94 stl_88" style="word-spacing:-0.0339em;">Tax losses in the group  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.4843em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0401em;">In recognising tax loss carry-forwards in Denmark, the Management has assessed whether convinc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.2343em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">ing evidence was present, as the Group has a history of recent losses in Denmark, which is due to high  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.9843em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0315em;">investment levels, low residual profit earned in the Parent company, as a consequence of the arm's length  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.7343em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">mechanism in the OECD Principal-model and tax deductibility of employees' share-based payments.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.2343em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Tax loss carry-forwards in Denmark, totalling DKK 440m (DKK 473m), were recognised at year-end. The tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.9843em;"><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0405em;">loss carry-forwards are recognised on the basis of budgets and strategy plans for the individual activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.7343em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">approved by the Management, incuding tax planning opportunities that will advance the taxable profit.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.4843em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">Estimates and assessments of future taxable income are thus consistent with the basis for the impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.2343em;"><span class="stl_26 stl_13 stl_500" style="word-spacing:-0.0488em;">tests carried out.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4812em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2387em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">Deferred tax is measured under the balance sheet liability method, on the basis of all temporary differ-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9887em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">ences between the carrying amount and tax base of assets and liabilities. Deferred tax is not recognised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7387em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">on temporary differences resulting from the initial recognition of goodwill. Deferred tax assets, including  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4887em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">the tax base of tax loss carry-forwards, are recognised under other non-current assets at the expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2387em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">usable value, either as a set-off against tax on future income, or as a set-off against deferred tax liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9887em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0371em;">in the same legal tax entity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4887em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Adjustment is made of deferred tax in relation to eliminations made regarding unrealised intercompany  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2387em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">profits and losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7387em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">The value of deductible temporary differences is recognised to the extent that the Management, on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4887em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">basis of budgets, business plans, etc., is able to render it probable that the value can be offset against  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">temporary deferred tax liabilities or against future taxable income. Tax losses are recognised to the extent  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9887em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">that the Management can render it probable that these can be offset against future taxable income.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4887em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Deferred tax is calculated on share-based payments to the extent that the individual scheme is deductible  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2387em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">for the Group. Deferred tax is calculated as the difference between the value of the share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">at the time of allocation and the fair value, whichever is higher. Deferred tax assets from share-based pay-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7387em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0375em;">ment schemes are recognised proportionately over the vesting period. The tax asset is recognised in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.4887em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">income statement at a value corresponding to the tax deduction for the scheme-related costs recognised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.2387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">in the income statement. Any additional values are recognised directly in equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7387em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Deferred tax is measured on the basis of the taxation rules and tax rates, which, pursuant to the legislation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4887em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">in force at the balance sheet date, will apply in the individual countries at the time when the deferred tax is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2387em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">expected to become payable as current tax. Changes in deferred tax resulting from changes in tax rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.9887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">are recognised in the income statement.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5788em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.0249em;"><span class="stl_26 stl_13 stl_107" style="word-spacing:-0.0429em;">Deferred tax at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4588em;top:12.0249em;"><span class="stl_26 stl_13 stl_364">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7588em;top:12.0249em;"><span class="stl_26 stl_13 stl_868">-24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.8756em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8894em;top:12.8756em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.1413em;top:12.8756em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.7262em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">Deferred tax on share-based payment recognised in equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5013em;top:13.7262em;"><span class="stl_26 stl_13 stl_162">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:13.7262em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.5768em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">Deferred tax for the year recognised in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7157em;top:14.5768em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7288em;top:14.5768em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.4274em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Adjustment in respect of previous years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.825em;top:15.4274em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9894em;top:15.4274em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.2706em;"><span class="stl_341 stl_08 stl_107" style="word-spacing:-0.0428em;">Deferred tax at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:16.2706em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:16.2706em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:17.6093em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.0431em;">Deferred tax relates to:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.4674em;"><span class="stl_26 stl_13 stl_525" style="word-spacing:-0.0417em;">Intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:18.4674em;"><span class="stl_26 stl_13 stl_97">383  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5432em;top:18.4674em;"><span class="stl_26 stl_13 stl_467">438  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.318em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.685em;top:19.318em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.95em;top:19.318em;"><span class="stl_26 stl_13 stl_428">24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.1687em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.0431em;">Current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4588em;top:20.1687em;"><span class="stl_26 stl_13 stl_364">-54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7288em;top:20.1687em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.0193em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">Deferred tax on share-based payment recognised in equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:21.0193em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:21.0193em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.8699em;"><span class="stl_26 stl_13 stl_32">Provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6769em;top:21.8699em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:21.8699em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.7205em;"><span class="stl_26 stl_13 stl_564">Payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5563em;top:22.7205em;"><span class="stl_26 stl_13 stl_441">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7575em;top:22.7205em;"><span class="stl_26 stl_13 stl_387">-21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.5712em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Tax loss carry-forwards  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0869em;top:23.5712em;"><span class="stl_26 stl_13 stl_68">-447  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3644em;top:23.5712em;"><span class="stl_26 stl_13 stl_376">-473  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:24.4143em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:24.4143em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:25.753em;"><span class="stl_341 stl_08 stl_465" style="word-spacing:-0.0389em;">Classified in the balance sheet as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:26.6112em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.0431em;">Deferred tax asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.45em;top:26.6112em;"><span class="stl_26 stl_13 stl_839">-85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7719em;top:26.6112em;"><span class="stl_26 stl_13 stl_385">-70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.4618em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0431em;">Deferred tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:27.4618em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:27.4618em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3763em;top:28.3049em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6244em;top:28.3049em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.2693em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6237em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7555em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0555em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5943em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3093em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0649em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3168em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6531em;top:15.4681em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9312em;top:15.4681em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5237em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3874em;top:15.4681em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6393em;top:15.4681em;"><span class="stl_26 stl_13 stl_79">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3199em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4399em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0756em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3274em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1606em;top:18.0531em;"><span class="stl_341 stl_08 stl_362">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8499em;top:18.0531em;"><span class="stl_341 stl_08 stl_455">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4837em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9537em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2056em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0113em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.0208em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4621em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.714em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.0438em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.9808em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.374em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6258em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:23.3483em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2865em;top:23.3483em;"><span class="stl_26 stl_13 stl_104">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0508em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3027em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:24.2695em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2608em;top:24.2695em;"><span class="stl_26 stl_13 stl_467">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5246em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0452em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2971em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.1833em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.9333em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1521em;top:25.9333em;"><span class="stl_341 stl_08 stl_69">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.934em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1858em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:27.8677em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:28.4512em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0497em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:29.0347em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:29.0347em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:29.6182em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:30.2017em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:30.2017em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.5449em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8993em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0311em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3311em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8699em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.6193em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3749em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6268em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9249em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6805em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9324em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5955em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4543em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7068em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9586em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2099em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4618em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0112em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2964em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.044em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2564em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Credit institutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9652em;top:23.3483em;"><span class="stl_26 stl_13 stl_484">51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2995em;top:23.3483em;"><span class="stl_26 stl_13 stl_182">1,282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9683em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7795em;top:23.3483em;"><span class="stl_26 stl_13 stl_132">1,333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0458em;top:23.3483em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:24.2695em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.532em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7158em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9677em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2877em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5395em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:25.1908em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5802em;top:25.1908em;"><span class="stl_26 stl_13 stl_868">451  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5464em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7983em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3445em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5964em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.1045em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.8545em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.9233em;top:26.8545em;"><span class="stl_341 stl_08 stl_791">1,102  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0902em;top:26.8545em;"><span class="stl_341 stl_08 stl_120">1,290  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7595em;top:26.8545em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5633em;top:26.8545em;"><span class="stl_341 stl_08 stl_251">2,392  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8727em;top:26.8545em;"><span class="stl_341 stl_08 stl_409">2,311  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8275em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:28.789em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:28.789em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:29.3725em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0496em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:29.956em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:29.956em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:30.5395em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:31.123em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:31.123em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_278" style="word-spacing:-0.0095em;">5.1 Provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">Provisions at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6857em;top:12.0487em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9175em;top:12.0487em;"><span class="stl_26 stl_13 stl_448">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:12.9699em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7138em;top:12.9699em;"><span class="stl_26 stl_13 stl_369">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4738em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:13.8912em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Used during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2219em;top:13.8912em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.09em;top:13.8912em;"><span class="stl_26 stl_13 stl_82">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:14.8124em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0302em;">Value adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.565em;top:14.8124em;"><span class="stl_26 stl_13 stl_847">-17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.76em;top:14.8124em;"><span class="stl_26 stl_13 stl_868">-24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.7337em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8407em;top:15.7337em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.305em;top:15.7337em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.6474em;"><span class="stl_341 stl_08 stl_331" style="word-spacing:-0.0383em;">Provisions at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6319em;top:16.6474em;"><span class="stl_341 stl_08 stl_455">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.855em;top:16.6474em;"><span class="stl_341 stl_08 stl_21">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.0805em;"><span class="stl_341 stl_08 stl_420" style="word-spacing:-0.0376em;">Provisions expected to fall due:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:19.0093em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">Non-current liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0532em;top:19.0093em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9725em;top:19.0093em;"><span class="stl_26 stl_13 stl_394">19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:19.9305em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0326em;">Current liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0538em;top:19.9305em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3057em;top:19.9305em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:20.8443em;"><span class="stl_341 stl_08 stl_331" style="word-spacing:-0.0383em;">Provisions at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6325em;top:20.8443em;"><span class="stl_341 stl_08 stl_455">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8557em;top:20.8443em;"><span class="stl_341 stl_08 stl_21">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:22.3212em;"><span class="stl_26 stl_13 stl_206" style="word-spacing:-0.0266em;">As of 30 September 2023, value adjustment net amounts to DKK 17m (DKK 24m), hereof the value of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:23.0712em;"><span class="stl_26 stl_13 stl_222" style="word-spacing:-0.0283em;">remeasured technology debt is DKK 19m (DKK 26m), whereas DKK 0 (DKK </span><span class="stl_26 stl_13 stl_57">1</span><span class="stl_26 stl_13 stl_248" style="word-spacing:-0.0306em;">1m) has been offset in the net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:23.8212em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0313em;">book value of the associated intangible asset, and DKK 19m (DKK 15m) has been reported as an income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:24.5712em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0375em;">in special items.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:26.0712em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">Provisions at the balance sheet date concern onerous contracts, deferred purchase price relating to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:26.8212em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">acquired technology in previous years and other items.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:28.3137em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:29.0712em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Provisions are recognised when the Group, as a result of an event having occurred before or on the bal-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:29.8212em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">ance sheet date, has incurred a legal or actual liability, and it is probable that economic benefits will flow  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:30.5712em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">from the Group in order to settle the liability. If the effect of the time value of money is significant, provi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:31.3212em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">sions are discounted using a pre-tax discount rate. When applying a discount rate, the change in provi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:32.0712em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">sions, due to the timing, is recognised as a financial cost.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5788em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.0249em;"><span class="stl_26 stl_13 stl_107" style="word-spacing:-0.0429em;">Deferred tax at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4588em;top:12.0249em;"><span class="stl_26 stl_13 stl_364">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7588em;top:12.0249em;"><span class="stl_26 stl_13 stl_868">-24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.8756em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8894em;top:12.8756em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.1413em;top:12.8756em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.7262em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">Deferred tax on share-based payment recognised in equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5013em;top:13.7262em;"><span class="stl_26 stl_13 stl_162">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:13.7262em;"><span class="stl_26 stl_13 stl_16">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.5768em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">Deferred tax for the year recognised in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7157em;top:14.5768em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7288em;top:14.5768em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.4274em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Adjustment in respect of previous years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.825em;top:15.4274em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9894em;top:15.4274em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.2706em;"><span class="stl_341 stl_08 stl_107" style="word-spacing:-0.0428em;">Deferred tax at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:16.2706em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:16.2706em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:17.6093em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.0431em;">Deferred tax relates to:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.4674em;"><span class="stl_26 stl_13 stl_525" style="word-spacing:-0.0417em;">Intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:18.4674em;"><span class="stl_26 stl_13 stl_97">383  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5432em;top:18.4674em;"><span class="stl_26 stl_13 stl_467">438  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.318em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.685em;top:19.318em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.95em;top:19.318em;"><span class="stl_26 stl_13 stl_428">24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.1687em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.0431em;">Current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4588em;top:20.1687em;"><span class="stl_26 stl_13 stl_364">-54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7288em;top:20.1687em;"><span class="stl_26 stl_13 stl_247">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.0193em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0391em;">Deferred tax on share-based payment recognised in equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:21.0193em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:21.0193em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.8699em;"><span class="stl_26 stl_13 stl_32">Provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6769em;top:21.8699em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:21.8699em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.7205em;"><span class="stl_26 stl_13 stl_564">Payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5563em;top:22.7205em;"><span class="stl_26 stl_13 stl_441">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7575em;top:22.7205em;"><span class="stl_26 stl_13 stl_387">-21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.5712em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">Tax loss carry-forwards  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0869em;top:23.5712em;"><span class="stl_26 stl_13 stl_68">-447  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3644em;top:23.5712em;"><span class="stl_26 stl_13 stl_376">-473  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:24.4143em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6238em;top:24.4143em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:25.753em;"><span class="stl_341 stl_08 stl_465" style="word-spacing:-0.0389em;">Classified in the balance sheet as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:26.6112em;"><span class="stl_26 stl_13 stl_430" style="word-spacing:-0.0431em;">Deferred tax asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.45em;top:26.6112em;"><span class="stl_26 stl_13 stl_839">-85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7719em;top:26.6112em;"><span class="stl_26 stl_13 stl_385">-70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.4618em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0431em;">Deferred tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:27.4618em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:27.4618em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3763em;top:28.3049em;"><span class="stl_341 stl_08 stl_430">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6244em;top:28.3049em;"><span class="stl_341 stl_08 stl_467">-62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_59" style="word-spacing:-0.0364em;">3.2 Other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3575em;top:10.4899em;"><span class="stl_341 stl_08 stl_327">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3507em;top:10.4899em;"><span class="stl_341 stl_08 stl_261">Devel-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.6569em;top:11.2399em;"><span class="stl_341 stl_08 stl_516">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.905em;top:11.2399em;"><span class="stl_341 stl_08 stl_579">opment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3138em;top:11.9899em;"><span class="stl_341 stl_08 stl_54">nologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.3732em;top:11.9899em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:0.5332em;">Acquired Completed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4982em;top:11.9899em;"><span class="stl_341 stl_08 stl_338">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7657em;top:11.9899em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.5863em;top:12.7399em;"><span class="stl_341 stl_08 stl_439">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.6725em;top:12.7399em;"><span class="stl_341 stl_08 stl_516">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5119em;top:12.7399em;"><span class="stl_341 stl_08 stl_37">develop-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2738em;top:12.7399em;"><span class="stl_341 stl_08 stl_51" style="word-spacing:-0.0368em;">incl. IT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3219em;top:12.7399em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.043em;">and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3519em;top:13.4899em;"><span class="stl_341 stl_08 stl_80" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.783em;top:13.4899em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0355em;">nologies in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.6388em;top:13.4899em;"><span class="stl_341 stl_08 stl_466">ment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8988em;top:13.4899em;"><span class="stl_341 stl_08 stl_690">soft-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6em;top:13.4899em;"><span class="stl_341 stl_08 stl_335" style="word-spacing:-0.0497em;">assets in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.4475em;top:14.2399em;"><span class="stl_341 stl_08 stl_328">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.4388em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6788em;top:14.2399em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7863em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">ware  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5413em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1232em;top:14.2399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.7912em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:17.2318em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.155em;top:17.2318em;"><span class="stl_26 stl_13 stl_366">732  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2075em;top:17.2318em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.6557em;top:17.2318em;"><span class="stl_26 stl_13 stl_426">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2807em;top:17.2318em;"><span class="stl_26 stl_13 stl_355">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2369em;top:17.2318em;"><span class="stl_26 stl_13 stl_363">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0094em;top:17.2318em;"><span class="stl_26 stl_13 stl_386">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.1531em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.9031em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3775em;top:18.9031em;"><span class="stl_26 stl_13 stl_388">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0638em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0794em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.15em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1657em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8019em;top:18.9031em;"><span class="stl_26 stl_13 stl_388">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.8243em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0469em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0625em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0782em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6444em;top:19.8243em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2819em;top:19.8243em;"><span class="stl_26 stl_13 stl_365">242  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5625em;top:19.8243em;"><span class="stl_26 stl_13 stl_418">255  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.7456em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0469em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0625em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.7469em;top:20.7456em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.7888em;top:20.7456em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1644em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.09em;top:20.7456em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:21.6668em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.19em;top:21.6668em;"><span class="stl_26 stl_13 stl_759">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0144em;top:21.6668em;"><span class="stl_26 stl_13 stl_293">-212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.1663em;top:21.6668em;"><span class="stl_26 stl_13 stl_352">233  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6em;top:21.6668em;"><span class="stl_26 stl_13 stl_467">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.09em;top:21.6668em;"><span class="stl_26 stl_13 stl_45">-281  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4719em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:22.5806em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.0182em;top:22.5806em;"><span class="stl_341 stl_08 stl_418">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0532em;top:22.5806em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.4619em;top:22.5806em;"><span class="stl_341 stl_08 stl_16">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1407em;top:22.5806em;"><span class="stl_341 stl_08 stl_354">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.11em;top:22.5806em;"><span class="stl_341 stl_08 stl_368">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9113em;top:22.5806em;"><span class="stl_341 stl_08 stl_948">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:24.0212em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0432em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:24.7712em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">impairment losses at 1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9894em;top:25.5212em;"><span class="stl_26 stl_13 stl_978">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0619em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.9638em;top:25.5212em;"><span class="stl_26 stl_13 stl_352">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1213em;top:25.5212em;"><span class="stl_26 stl_13 stl_979">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1644em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3338em;top:25.5212em;"><span class="stl_26 stl_13 stl_112">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:26.4424em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:27.1924em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.545em;top:27.1924em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0619em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0775em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.1482em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1638em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.97em;top:27.1924em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:28.1137em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0457em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0613em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9082em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.9788em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1632em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3013em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:29.0349em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Impairment losses for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:29.7849em;"><span class="stl_26 stl_13 stl_496">year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.0444em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.06em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.7157em;top:29.7849em;"><span class="stl_26 stl_13 stl_62">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.4807em;top:29.7849em;"><span class="stl_26 stl_13 stl_801">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1625em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7982em;top:29.7849em;"><span class="stl_26 stl_13 stl_72">-18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:30.7062em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.2994em;top:30.7062em;"><span class="stl_26 stl_13 stl_98">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0607em;top:30.7062em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.0432em;top:30.7062em;"><span class="stl_26 stl_13 stl_981">-107  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.3907em;top:30.7062em;"><span class="stl_26 stl_13 stl_29">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1625em;top:30.7062em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4157em;top:30.7062em;"><span class="stl_26 stl_13 stl_948">-184  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:31.6199em;"><span class="stl_341 stl_08 stl_516" style="word-spacing:-0.0474em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:32.3699em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0387em;">impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:33.1199em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.8094em;top:33.1199em;"><span class="stl_341 stl_08 stl_357">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0507em;top:33.1199em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.8019em;top:33.1199em;"><span class="stl_341 stl_08 stl_109">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9763em;top:33.1199em;"><span class="stl_341 stl_08 stl_983">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1532em;top:33.1199em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.7332em;top:33.1199em;"><span class="stl_341 stl_08 stl_984">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:34.0412em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0468em;">Carrying amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:34.7912em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9925em;top:34.7912em;"><span class="stl_341 stl_08 stl_109">643  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.05em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.0432em;top:34.7912em;"><span class="stl_341 stl_08 stl_98">888  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.5394em;top:34.7912em;"><span class="stl_341 stl_08 stl_300">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1069em;top:34.7912em;"><span class="stl_341 stl_08 stl_368">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8038em;top:34.7912em;"><span class="stl_341 stl_08 stl_465">2,046  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0819em;top:10.4899em;"><span class="stl_341 stl_08 stl_327">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0751em;top:10.4899em;"><span class="stl_341 stl_08 stl_261">Devel-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.3813em;top:11.2399em;"><span class="stl_341 stl_08 stl_635">tech-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.6295em;top:11.2399em;"><span class="stl_341 stl_08 stl_579">opment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0382em;top:11.9899em;"><span class="stl_341 stl_08 stl_54">nologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.2226em;top:11.9899em;"><span class="stl_341 stl_08 stl_505">Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.4901em;top:11.9899em;"><span class="stl_341 stl_08 stl_526">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.3107em;top:12.7399em;"><span class="stl_341 stl_08 stl_439">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9982em;top:12.7399em;"><span class="stl_341 stl_08 stl_51" style="word-spacing:-0.0368em;">incl. IT  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.0463em;top:12.7399em;"><span class="stl_341 stl_08 stl_430" style="word-spacing:-0.043em;">and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0763em;top:13.4899em;"><span class="stl_341 stl_08 stl_80" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.504em;top:13.4899em;"><span class="stl_341 stl_08 stl_579" style="word-spacing:-0.0355em;">nologies in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6232em;top:13.4899em;"><span class="stl_341 stl_08 stl_674">soft-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3245em;top:13.4899em;"><span class="stl_341 stl_08 stl_335" style="word-spacing:-0.0497em;">assets in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.172em;top:14.2399em;"><span class="stl_341 stl_08 stl_14">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5107em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">ware  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.2657em;top:14.2399em;"><span class="stl_341 stl_08 stl_417">progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8476em;top:14.2399em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:15.7912em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.2318em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8788em;top:17.2318em;"><span class="stl_26 stl_13 stl_110">592  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.9045em;top:17.2318em;"><span class="stl_26 stl_13 stl_387">324  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.9357em;top:17.2318em;"><span class="stl_26 stl_13 stl_838">762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.9901em;top:17.2318em;"><span class="stl_26 stl_13 stl_45">186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9976em;top:17.2318em;"><span class="stl_26 stl_13 stl_366">581  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7226em;top:17.2318em;"><span class="stl_26 stl_13 stl_29">2,445  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.1531em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.9031em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.2432em;top:18.9031em;"><span class="stl_26 stl_13 stl_354">28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7882em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8038em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8745em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.7213em;top:18.9031em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6595em;top:18.9031em;"><span class="stl_26 stl_13 stl_31">29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.8243em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7719em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7876em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8032em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7051em;top:19.8243em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9844em;top:19.8243em;"><span class="stl_26 stl_13 stl_292">407  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3526em;top:19.8243em;"><span class="stl_26 stl_13 stl_361">415  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:20.7456em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7713em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7869em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.4051em;top:20.7456em;"><span class="stl_26 stl_13 stl_396">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8738em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8894em;top:20.7456em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7988em;top:20.7456em;"><span class="stl_26 stl_13 stl_396">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:21.6668em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.9557em;top:21.6668em;"><span class="stl_26 stl_13 stl_787">112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.8088em;top:21.6668em;"><span class="stl_26 stl_13 stl_869">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8951em;top:21.6668em;"><span class="stl_26 stl_13 stl_130">502  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7044em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7588em;top:21.6668em;"><span class="stl_26 stl_13 stl_466">-506  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1957em;top:21.6668em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:22.5806em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7488em;top:22.5806em;"><span class="stl_341 stl_08 stl_255">732  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7988em;top:22.5806em;"><span class="stl_341 stl_08 stl_33">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.1782em;top:22.5806em;"><span class="stl_341 stl_08 stl_104">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.8832em;top:22.5806em;"><span class="stl_341 stl_08 stl_399">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.8488em;top:22.5806em;"><span class="stl_341 stl_08 stl_86">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5357em;top:22.5806em;"><span class="stl_341 stl_08 stl_466">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:24.0212em;"><span class="stl_26 stl_13 stl_309" style="word-spacing:-0.0432em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:24.7712em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">impairment losses at 1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7188em;top:25.5212em;"><span class="stl_26 stl_13 stl_358">-185  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7863em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.7113em;top:25.5212em;"><span class="stl_26 stl_13 stl_179">-367  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.8819em;top:25.5212em;"><span class="stl_26 stl_13 stl_980">-110  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8882em;top:25.5212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0563em;top:25.5212em;"><span class="stl_26 stl_13 stl_439">-662  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:26.4424em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0394em;">Currency translation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4469em;top:27.1924em;"><span class="stl_26 stl_13 stl_53">adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0407em;top:27.1924em;"><span class="stl_26 stl_13 stl_218">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7857em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.8013em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.5407em;top:27.1924em;"><span class="stl_26 stl_13 stl_657">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8876em;top:27.1924em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4676em;top:27.1924em;"><span class="stl_26 stl_13 stl_177">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4457em;top:28.1137em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7688em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7844em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.6313em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8707em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8863em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0244em;top:28.1137em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4444em;top:29.0349em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0332em;">Remeasured provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4444em;top:29.7849em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">against asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7676em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7832em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.7988em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.2238em;top:29.7849em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8851em;top:29.7849em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5463em;top:29.7849em;"><span class="stl_26 stl_13 stl_888">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:30.7062em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Impairment losses for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:31.4562em;"><span class="stl_26 stl_13 stl_496">year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.7663em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7819em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0382em;top:31.4562em;"><span class="stl_26 stl_13 stl_359">-53  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.8688em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8844em;top:31.4562em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4319em;top:31.4562em;"><span class="stl_26 stl_13 stl_359">-53  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4432em;top:32.3774em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.9807em;top:32.3774em;"><span class="stl_26 stl_13 stl_982">-44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7819em;top:32.3774em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0263em;top:32.3774em;"><span class="stl_26 stl_13 stl_225">-80  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.1426em;top:32.3774em;"><span class="stl_26 stl_13 stl_184">-20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8844em;top:32.3774em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1369em;top:32.3774em;"><span class="stl_26 stl_13 stl_399">-144  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:33.2912em;"><span class="stl_341 stl_08 stl_516" style="word-spacing:-0.0474em;">Amortisation and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:34.0412em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0387em;">impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4426em;top:34.7912em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.5544em;top:34.7912em;"><span class="stl_341 stl_08 stl_245">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7732em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.5463em;top:34.7912em;"><span class="stl_341 stl_08 stl_401">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6969em;top:34.7912em;"><span class="stl_341 stl_08 stl_880">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.8751em;top:34.7912em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9394em;top:34.7912em;"><span class="stl_341 stl_08 stl_248">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4419em;top:35.7124em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0468em;">Carrying amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4419em;top:36.4624em;"><span class="stl_341 stl_08 stl_89" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.7444em;top:36.4624em;"><span class="stl_341 stl_08 stl_104">481  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7938em;top:36.4624em;"><span class="stl_341 stl_08 stl_33">212  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.7932em;top:36.4624em;"><span class="stl_341 stl_08 stl_460">764  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.2494em;top:36.4624em;"><span class="stl_341 stl_08 stl_362">56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.8432em;top:36.4624em;"><span class="stl_341 stl_08 stl_86">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6076em;top:36.4624em;"><span class="stl_341 stl_08 stl_39">1,996  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5312em;"><span class="stl_341 stl_08 stl_50" style="word-spacing:-0.0412em;">! Material accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2843em;"><span class="stl_578 stl_94 stl_267" style="word-spacing:-0.0415em;">Impairment testing of acquired technologies recognised in connection with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">The Management performs an annual assessment of whether internal or external indications of impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">ment of the identified intangible assets exist. If there is any indication of impairment, an impairment test is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_598" style="word-spacing:-0.0451em;">carried out.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">In an impairment test, significant estimates and assessments are made of future events, which may have a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">significant impact on the Group’s operating profit (EBIT) and financial position if the planned events devi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">ate from the Management’s best estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">The combined recoverable amount of each tested technology classified as acquired technology, or a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">development project, is determined on the basis of its value-in-use, calculated using certain key assump-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">tions per technology, i.e., revenue growth, royalty rate and discount rate. The value-in-use cash flow  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">projections for the individual endoscope technologies pertaining to 'colonoscopy', 'gastroscopy' and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">'duodenoscopy' are based on the Company's five-year business plan and a growth rate to extrapolate the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">revenue in the remaining useful lifetime of the technology. The valuation model applied for determining  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">the recoverable amounts is the relief-from-royalty model, assuming a pre-tax discount rate of 12.8% p.a.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_26 stl_13 stl_157" style="word-spacing:-0.025em;">(10.0% p.a. net of tax), except for 'colonoscopy', which is based on a pre-tax discount rate of 15.4% p.a.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_26 stl_13 stl_307" style="word-spacing:-0.0115em;">(12.0% p.a. net of tax).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5387em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0312em;">The impairment test made on ‘colonoscopy’, ‘gastroscopy’ and ‘duodenoscopy’ did not result in indication  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">of impairment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0315em;">As of 30 September 2023, the recoverable amount for ‘duodenoscopy’ of DKK 540m (DKK 435m) exceeds  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.5387em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">the carrying amount by DKK </span><span class="stl_26 stl_13 stl_57">1</span><span class="stl_26 stl_13 stl_223" style="word-spacing:-0.0276em;">16m (DKK 19m), which has reduced the sensitivity, compared to the analy-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.2887em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0335em;">ses carried out last year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.7887em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">If a discount rate of 12.0% p.a. net of tax had been applied, instead of 10.0%, the carrying amount would  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.5387em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">no longer exceed the recoverable amount, whereas last year, the carrying amount exceeded the recov-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.2887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">erable amount by DKK 36m. Furthermore, if a 20% royalty rate had been applied throughout the period,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.0387em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0337em;">instead of 25%, the carrying amount would level with the recoverable amount, whereas, last year, the car-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.7887em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">rying amount exceeded the recoverable amount by DKK 82m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">The development is mainly impacted by an increased penetration of the addressable market, as well as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.0387em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Management’s new strategy of applying a focussed approach to lead and drive the market creation.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5487em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.3018em;"><span class="stl_578 stl_94 stl_328" style="word-spacing:-0.0424em;">Acquired technologies, trademarks and customer relationships  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">Technologies, trademarks and customer relationships, as well as technologies in progress acquired in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.8062em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">connection with business combinations, are recognised at fair value at the time of acquisition in connec-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0345em;">tion with a business combination. Subsequently, the assets are measured, deducted by accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.3062em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">amorisation and impairment losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.8062em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0381em;">Acquired technologies, trademarks and customer relations primarily comprise identified technolo-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.5562em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">gies. The individual assets are systematically amortised according to the straight-line method over the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.3062em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">expected useful lifetime of the assets, from the time the Management finds that the technology is fit for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0562em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0328em;">use. The expected useful lifetime is 5-15 years.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5518em;"><span class="stl_578 stl_94 stl_304" style="word-spacing:-0.0421em;">Development projects,</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.837em;top:19.5518em;"><span class="stl_578 stl_94 stl_332" style="word-spacing:-0.0487em;">rights and Other incl. IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.3062em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">Development projects that are clearly defined and identifiable, and where the technical utilisation degree,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0562em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">sufficient resources and a potential future market or scope for use in the Group can be proven, and where  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.8062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">the Group intends to produce, market or use the project, are recognised as intangible assets where the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.5562em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">cost of the project can be calculated reliably, and there is sufficient certainty that the future earnings or  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.3062em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">the net selling price can cover the production costs, selling and distribution costs, as well as manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.0562em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">ment and administrative expenses. Other development costs are recognised in the income statement as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.8062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">incurred. Recognised development costs are measured at cost, deducted by accumulated amortisation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.5562em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">and impairment losses. Cost comprises salaries and other external expenses, e.g., consultancy fees and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.3062em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">travel expenses, which are directly attributable to the Group’s development activities.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.8062em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">Upon completion of the development activity, development projects are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.5562em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">straight-line method, encompassing the estimated useful life, starting from the time when the asset is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.3062em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">ready for use. The basis of amortisation is reduced by impairment losses, if any. The useful life of the asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.0562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">may subsequently be changed if Management believes that the original assumptions, on which the useful  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.8062em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">life and any residual value are based have changed significantly. Rights in the form of distribution rights  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.5562em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">and licences, etc., are measured at cost, deducted by accumulated amortisation and impairment losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.3062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">Rights are amortised according to the straight-line method over the shorter of the remaining term of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.0562em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">agreement and the useful lives of the assets. Development projects and rights are amortised according to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.8062em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0399em;">the straight-line method over the expected useful lives of the assets. The expected useful lifetime of com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.5562em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">pleted development projects is 5-10 years, 5-20 years for rights and 3-5 years for IT software/-projects.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.0518em;"><span class="stl_578 stl_94 stl_491" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.8062em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">Development projects in progress, either acquired or internally generated, are tested for impairment on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.5562em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">an annual basis. For completed development projects, it is continuously assessed whether there is any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:38.3062em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">indication of impairment. If Management finds that there is an indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:39.0562em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0409em;">test is carried out, comparing the estimated future net cash flows with the carrying amount of the asset.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4812em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2387em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">Deferred tax is measured under the balance sheet liability method, on the basis of all temporary differ-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9887em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">ences between the carrying amount and tax base of assets and liabilities. Deferred tax is not recognised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7387em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">on temporary differences resulting from the initial recognition of goodwill. Deferred tax assets, including  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4887em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0425em;">the tax base of tax loss carry-forwards, are recognised under other non-current assets at the expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2387em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">usable value, either as a set-off against tax on future income, or as a set-off against deferred tax liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9887em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0371em;">in the same legal tax entity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4887em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">Adjustment is made of deferred tax in relation to eliminations made regarding unrealised intercompany  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2387em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">profits and losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7387em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">The value of deductible temporary differences is recognised to the extent that the Management, on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4887em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">basis of budgets, business plans, etc., is able to render it probable that the value can be offset against  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">temporary deferred tax liabilities or against future taxable income. Tax losses are recognised to the extent  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9887em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">that the Management can render it probable that these can be offset against future taxable income.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4887em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Deferred tax is calculated on share-based payments to the extent that the individual scheme is deductible  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2387em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">for the Group. Deferred tax is calculated as the difference between the value of the share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">at the time of allocation and the fair value, whichever is higher. Deferred tax assets from share-based pay-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7387em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0375em;">ment schemes are recognised proportionately over the vesting period. The tax asset is recognised in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.4887em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">income statement at a value corresponding to the tax deduction for the scheme-related costs recognised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.2387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">in the income statement. Any additional values are recognised directly in equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7387em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Deferred tax is measured on the basis of the taxation rules and tax rates, which, pursuant to the legislation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4887em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">in force at the balance sheet date, will apply in the individual countries at the time when the deferred tax is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2387em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">expected to become payable as current tax. Changes in deferred tax resulting from changes in tax rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.9887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">are recognised in the income statement.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_258" style="word-spacing:-0.0248em;">2.9 Earnings per share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">Net profit for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3419em;top:12.0487em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9313em;top:12.0487em;"><span class="stl_26 stl_13 stl_36">93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4818em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">Average number of Class A and Class B shares in circulation (’000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0163em;top:13.4818em;"><span class="stl_26 stl_13 stl_24">260,480  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3069em;top:13.4818em;"><span class="stl_26 stl_13 stl_255">253,985  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.403em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0401em;">Dilutive effect of outstanding share options, warrants and employee  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.153em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">share programmes (’000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3932em;top:15.153em;"><span class="stl_26 stl_13 stl_83">176  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.58em;top:15.153em;"><span class="stl_26 stl_13 stl_34">441  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.0668em;"><span class="stl_341 stl_08 stl_345" style="word-spacing:-0.0399em;">Average number of outstanding Class A and Class B shares including  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.8168em;"><span class="stl_341 stl_08 stl_96" style="word-spacing:-0.0433em;">the dilutive effect of share-based payment settled in shares (’000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.7544em;top:16.8168em;"><span class="stl_341 stl_08 stl_173">260,656  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.995em;top:16.8168em;"><span class="stl_341 stl_08 stl_159">254,426  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.2574em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0315em;">Earnings per DKK 0.50 share (EPS) in DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1263em;top:18.2574em;"><span class="stl_26 stl_13 stl_42">0.64  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4em;top:18.2574em;"><span class="stl_26 stl_13 stl_362">0.37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.1787em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">Diluted earnings per DKK 0.50 share (EPS-D) in DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1263em;top:19.1787em;"><span class="stl_26 stl_13 stl_42">0.64  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4em;top:19.1787em;"><span class="stl_26 stl_13 stl_362">0.37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.6405em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.398em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">Earnings per share are presented as both earnings per share and diluted earnings per share. Earnings per  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.148em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">share are calculated as the net profit for the year, divided by the average number of outstanding shares.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.898em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">Diluted earnings per share are calculated as the net profit for the year, divided by the sum of the average  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.648em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">number of outstanding shares, including the dilutive effect of outstanding share-based payment settled  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.398em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">in shares that are ‘in the money’. The dilutive effect of share-based payment that are ‘in the money’ is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.148em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">calculated as the difference between the number of shares that could be acquired at fair value for the pro-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.898em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">ceeds from the exercise of the share-based payment offset, against the share of the granted fair value of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.648em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">the share-based payment not yet recognised.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.6405em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.398em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">Earnings per share are presented as both earnings per share and diluted earnings per share. Earnings per  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.148em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">share are calculated as the net profit for the year, divided by the average number of outstanding shares.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.898em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">Diluted earnings per share are calculated as the net profit for the year, divided by the sum of the average  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.648em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.04em;">number of outstanding shares, including the dilutive effect of outstanding share-based payment settled  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.398em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">in shares that are ‘in the money’. The dilutive effect of share-based payment that are ‘in the money’ is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.148em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">calculated as the difference between the number of shares that could be acquired at fair value for the pro-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.898em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">ceeds from the exercise of the share-based payment offset, against the share of the granted fair value of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.648em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">the share-based payment not yet recognised.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;z-index:47;"><span class="stl_259 stl_08 stl_98">3</span><span class="stl_259 stl_08 stl_958">.</span><span class="stl_259 stl_08 stl_16">1 </span><span class="stl_259 stl_08 stl_97">G</span><span class="stl_259 stl_08 stl_58">oodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5788em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.0487em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8057em;top:12.0487em;"><span class="stl_26 stl_13 stl_179">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0313em;top:12.0487em;"><span class="stl_26 stl_13 stl_142">1,504  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.9699em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4669em;top:12.9699em;"><span class="stl_26 stl_13 stl_86">-58  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6569em;top:12.9699em;"><span class="stl_26 stl_13 stl_886">119  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8837em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5944em;top:13.8837em;"><span class="stl_341 stl_08 stl_278">1,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8588em;top:13.8837em;"><span class="stl_341 stl_08 stl_431">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.3605em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">The carrying amount of goodwill at DKK 1,565m (DKK 1,623m) stems primarily from the business combi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.1105em;"><span class="stl_26 stl_13 stl_67" style="word-spacing:-0.0237em;">nations of Invendo Medical GmbH in 2017 and King Systems Corp. in 2013.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.6062em;"><span class="stl_578 stl_94 stl_491" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3605em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">The Ambu Group is managed as one single unit, for which reason the Management monitors goodwill, as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.1105em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">a whole, at Group level. Consequently, the impairment test is based on the Group’s total cash flows. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.8605em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">market value of Ambu A/S’s shares, based on the quoted price of DKK 73.86</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.502em;top:19.8605em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">per share on Nasdaq Copen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.6105em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0311em;">hagen at 30 September 2023 (DKK 66.42 per share at 30 September 2022), is far higher than the carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3605em;"><span class="stl_26 stl_13 stl_24" style="word-spacing:-0.0275em;">amount of equity. Based on this market value approximation, Ambu's equity value is DKK 19.9bn (DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.1105em;"><span class="stl_26 stl_13 stl_153" style="word-spacing:-0.0255em;">17bn), which leaves DKK 14.5bn (DKK 13bn) in headroom to the carrying amount of equity. Therefore, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.8605em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">Management has concluded that the net selling price, calculated on the basis of a level 1 fair value meas-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.6105em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">urement, proves that there is no indication of impairment of goodwill.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.478em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifiable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9855em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">net assets of the acquired company. Subsequently, goodwill is measured at cost less accumulated impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7355em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">ment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2355em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to ben-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9855em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0308em;">efit from the business combination; however, not to a level lower than the segment level and the level at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">which goodwill is monitored as part of the internal financial management. The Management has identified  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4855em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">one operating segment being the whole Group, to which goodwill is allocated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9855em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">The carrying amount of goodwill is tested for impairment, together with the other non-current assets of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7355em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">the cash-generating unit, to which goodwill has been allocated (being the whole Group) and is impaired to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4855em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">the recoverable amount in the income statement, if the carrying amount is higher. Impairment of goodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2355em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">is recognised as a separate item in the income statement. Goodwill is tested annually for impairment, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9855em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">first time being by the end of the year of recognition, in connection with a business combination.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4855em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Impairment of goodwill is not reversed. Impairment of other assets is reversed, in so far as the assump-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2355em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">tions and estimates, on the basis of which the impairment is made, have been changed. Impairments are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9855em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">only reversed, in so far as the new carrying amount of the asset does not exceed the carrying amount of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7355em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">the asset after amortisation, had the asset not been impaired.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5788em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.0487em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8057em;top:12.0487em;"><span class="stl_26 stl_13 stl_179">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0313em;top:12.0487em;"><span class="stl_26 stl_13 stl_142">1,504  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.9699em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4669em;top:12.9699em;"><span class="stl_26 stl_13 stl_86">-58  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6569em;top:12.9699em;"><span class="stl_26 stl_13 stl_886">119  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8837em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5944em;top:13.8837em;"><span class="stl_341 stl_08 stl_278">1,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8588em;top:13.8837em;"><span class="stl_341 stl_08 stl_431">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.3605em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">The carrying amount of goodwill at DKK 1,565m (DKK 1,623m) stems primarily from the business combi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.1105em;"><span class="stl_26 stl_13 stl_67" style="word-spacing:-0.0237em;">nations of Invendo Medical GmbH in 2017 and King Systems Corp. in 2013.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.6062em;"><span class="stl_578 stl_94 stl_491" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3605em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">The Ambu Group is managed as one single unit, for which reason the Management monitors goodwill, as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.1105em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">a whole, at Group level. Consequently, the impairment test is based on the Group’s total cash flows. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.8605em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">market value of Ambu A/S’s shares, based on the quoted price of DKK 73.86</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.502em;top:19.8605em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">per share on Nasdaq Copen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.6105em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0311em;">hagen at 30 September 2023 (DKK 66.42 per share at 30 September 2022), is far higher than the carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3605em;"><span class="stl_26 stl_13 stl_24" style="word-spacing:-0.0275em;">amount of equity. Based on this market value approximation, Ambu's equity value is DKK 19.9bn (DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.1105em;"><span class="stl_26 stl_13 stl_153" style="word-spacing:-0.0255em;">17bn), which leaves DKK 14.5bn (DKK 13bn) in headroom to the carrying amount of equity. Therefore, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.8605em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">Management has concluded that the net selling price, calculated on the basis of a level 1 fair value meas-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.6105em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">urement, proves that there is no indication of impairment of goodwill.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.478em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifiable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9855em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">net assets of the acquired company. Subsequently, goodwill is measured at cost less accumulated impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7355em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">ment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2355em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to ben-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9855em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0308em;">efit from the business combination; however, not to a level lower than the segment level and the level at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">which goodwill is monitored as part of the internal financial management. The Management has identified  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4855em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">one operating segment being the whole Group, to which goodwill is allocated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9855em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">The carrying amount of goodwill is tested for impairment, together with the other non-current assets of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7355em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">the cash-generating unit, to which goodwill has been allocated (being the whole Group) and is impaired to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4855em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">the recoverable amount in the income statement, if the carrying amount is higher. Impairment of goodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2355em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">is recognised as a separate item in the income statement. Goodwill is tested annually for impairment, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9855em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">first time being by the end of the year of recognition, in connection with a business combination.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4855em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Impairment of goodwill is not reversed. Impairment of other assets is reversed, in so far as the assump-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2355em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">tions and estimates, on the basis of which the impairment is made, have been changed. Impairments are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9855em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">only reversed, in so far as the new carrying amount of the asset does not exceed the carrying amount of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7355em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">the asset after amortisation, had the asset not been impaired.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5487em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.3018em;"><span class="stl_578 stl_94 stl_328" style="word-spacing:-0.0424em;">Acquired technologies, trademarks and customer relationships  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">Technologies, trademarks and customer relationships, as well as technologies in progress acquired in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.8062em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">connection with business combinations, are recognised at fair value at the time of acquisition in connec-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0345em;">tion with a business combination. Subsequently, the assets are measured, deducted by accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.3062em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">amorisation and impairment losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.8062em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0381em;">Acquired technologies, trademarks and customer relations primarily comprise identified technolo-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.5562em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">gies. The individual assets are systematically amortised according to the straight-line method over the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.3062em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">expected useful lifetime of the assets, from the time the Management finds that the technology is fit for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0562em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0328em;">use. The expected useful lifetime is 5-15 years.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5788em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.0487em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8057em;top:12.0487em;"><span class="stl_26 stl_13 stl_179">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0313em;top:12.0487em;"><span class="stl_26 stl_13 stl_142">1,504  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.9699em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4669em;top:12.9699em;"><span class="stl_26 stl_13 stl_86">-58  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6569em;top:12.9699em;"><span class="stl_26 stl_13 stl_886">119  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8837em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5944em;top:13.8837em;"><span class="stl_341 stl_08 stl_278">1,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8588em;top:13.8837em;"><span class="stl_341 stl_08 stl_431">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.3605em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">The carrying amount of goodwill at DKK 1,565m (DKK 1,623m) stems primarily from the business combi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.1105em;"><span class="stl_26 stl_13 stl_67" style="word-spacing:-0.0237em;">nations of Invendo Medical GmbH in 2017 and King Systems Corp. in 2013.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.6062em;"><span class="stl_578 stl_94 stl_491" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3605em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">The Ambu Group is managed as one single unit, for which reason the Management monitors goodwill, as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.1105em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">a whole, at Group level. Consequently, the impairment test is based on the Group’s total cash flows. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.8605em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">market value of Ambu A/S’s shares, based on the quoted price of DKK 73.86</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.502em;top:19.8605em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">per share on Nasdaq Copen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.6105em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0311em;">hagen at 30 September 2023 (DKK 66.42 per share at 30 September 2022), is far higher than the carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3605em;"><span class="stl_26 stl_13 stl_24" style="word-spacing:-0.0275em;">amount of equity. Based on this market value approximation, Ambu's equity value is DKK 19.9bn (DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.1105em;"><span class="stl_26 stl_13 stl_153" style="word-spacing:-0.0255em;">17bn), which leaves DKK 14.5bn (DKK 13bn) in headroom to the carrying amount of equity. Therefore, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.8605em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">Management has concluded that the net selling price, calculated on the basis of a level 1 fair value meas-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.6105em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">urement, proves that there is no indication of impairment of goodwill.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.478em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifiable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9855em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">net assets of the acquired company. Subsequently, goodwill is measured at cost less accumulated impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7355em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">ment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2355em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to ben-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9855em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0308em;">efit from the business combination; however, not to a level lower than the segment level and the level at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">which goodwill is monitored as part of the internal financial management. The Management has identified  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4855em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">one operating segment being the whole Group, to which goodwill is allocated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9855em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">The carrying amount of goodwill is tested for impairment, together with the other non-current assets of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7355em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">the cash-generating unit, to which goodwill has been allocated (being the whole Group) and is impaired to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4855em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">the recoverable amount in the income statement, if the carrying amount is higher. Impairment of goodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2355em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">is recognised as a separate item in the income statement. Goodwill is tested annually for impairment, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9855em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">first time being by the end of the year of recognition, in connection with a business combination.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4855em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Impairment of goodwill is not reversed. Impairment of other assets is reversed, in so far as the assump-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2355em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">tions and estimates, on the basis of which the impairment is made, have been changed. Impairments are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9855em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">only reversed, in so far as the new carrying amount of the asset does not exceed the carrying amount of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7355em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">the asset after amortisation, had the asset not been impaired.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5312em;"><span class="stl_341 stl_08 stl_50" style="word-spacing:-0.0412em;">! Material accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2843em;"><span class="stl_578 stl_94 stl_267" style="word-spacing:-0.0415em;">Impairment testing of acquired technologies recognised in connection with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">The Management performs an annual assessment of whether internal or external indications of impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">ment of the identified intangible assets exist. If there is any indication of impairment, an impairment test is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_598" style="word-spacing:-0.0451em;">carried out.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">In an impairment test, significant estimates and assessments are made of future events, which may have a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">significant impact on the Group’s operating profit (EBIT) and financial position if the planned events devi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">ate from the Management’s best estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">The combined recoverable amount of each tested technology classified as acquired technology, or a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">development project, is determined on the basis of its value-in-use, calculated using certain key assump-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">tions per technology, i.e., revenue growth, royalty rate and discount rate. The value-in-use cash flow  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">projections for the individual endoscope technologies pertaining to 'colonoscopy', 'gastroscopy' and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">'duodenoscopy' are based on the Company's five-year business plan and a growth rate to extrapolate the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">revenue in the remaining useful lifetime of the technology. The valuation model applied for determining  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">the recoverable amounts is the relief-from-royalty model, assuming a pre-tax discount rate of 12.8% p.a.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_26 stl_13 stl_157" style="word-spacing:-0.025em;">(10.0% p.a. net of tax), except for 'colonoscopy', which is based on a pre-tax discount rate of 15.4% p.a.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_26 stl_13 stl_307" style="word-spacing:-0.0115em;">(12.0% p.a. net of tax).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5387em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0312em;">The impairment test made on ‘colonoscopy’, ‘gastroscopy’ and ‘duodenoscopy’ did not result in indication  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">of impairment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0315em;">As of 30 September 2023, the recoverable amount for ‘duodenoscopy’ of DKK 540m (DKK 435m) exceeds  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.5387em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">the carrying amount by DKK </span><span class="stl_26 stl_13 stl_57">1</span><span class="stl_26 stl_13 stl_223" style="word-spacing:-0.0276em;">16m (DKK 19m), which has reduced the sensitivity, compared to the analy-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.2887em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0335em;">ses carried out last year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.7887em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0318em;">If a discount rate of 12.0% p.a. net of tax had been applied, instead of 10.0%, the carrying amount would  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.5387em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">no longer exceed the recoverable amount, whereas last year, the carrying amount exceeded the recov-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.2887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">erable amount by DKK 36m. Furthermore, if a 20% royalty rate had been applied throughout the period,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.0387em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0337em;">instead of 25%, the carrying amount would level with the recoverable amount, whereas, last year, the car-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.7887em;"><span class="stl_26 stl_13 stl_207" style="word-spacing:-0.0325em;">rying amount exceeded the recoverable amount by DKK 82m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">The development is mainly impacted by an increased penetration of the addressable market, as well as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.0387em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Management’s new strategy of applying a focussed approach to lead and drive the market creation.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.478em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifiable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9855em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">net assets of the acquired company. Subsequently, goodwill is measured at cost less accumulated impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7355em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">ment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2355em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to ben-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9855em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0308em;">efit from the business combination; however, not to a level lower than the segment level and the level at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">which goodwill is monitored as part of the internal financial management. The Management has identified  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4855em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">one operating segment being the whole Group, to which goodwill is allocated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9855em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">The carrying amount of goodwill is tested for impairment, together with the other non-current assets of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7355em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">the cash-generating unit, to which goodwill has been allocated (being the whole Group) and is impaired to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4855em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">the recoverable amount in the income statement, if the carrying amount is higher. Impairment of goodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2355em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">is recognised as a separate item in the income statement. Goodwill is tested annually for impairment, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9855em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">first time being by the end of the year of recognition, in connection with a business combination.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4855em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Impairment of goodwill is not reversed. Impairment of other assets is reversed, in so far as the assump-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2355em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">tions and estimates, on the basis of which the impairment is made, have been changed. Impairments are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9855em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">only reversed, in so far as the new carrying amount of the asset does not exceed the carrying amount of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7355em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">the asset after amortisation, had the asset not been impaired.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.478em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifiable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9855em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">net assets of the acquired company. Subsequently, goodwill is measured at cost less accumulated impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7355em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">ment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2355em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to ben-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9855em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0308em;">efit from the business combination; however, not to a level lower than the segment level and the level at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">which goodwill is monitored as part of the internal financial management. The Management has identified  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4855em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">one operating segment being the whole Group, to which goodwill is allocated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9855em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">The carrying amount of goodwill is tested for impairment, together with the other non-current assets of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7355em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">the cash-generating unit, to which goodwill has been allocated (being the whole Group) and is impaired to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4855em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">the recoverable amount in the income statement, if the carrying amount is higher. Impairment of goodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2355em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">is recognised as a separate item in the income statement. Goodwill is tested annually for impairment, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9855em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">first time being by the end of the year of recognition, in connection with a business combination.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4855em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Impairment of goodwill is not reversed. Impairment of other assets is reversed, in so far as the assump-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2355em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">tions and estimates, on the basis of which the impairment is made, have been changed. Impairments are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9855em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">only reversed, in so far as the new carrying amount of the asset does not exceed the carrying amount of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7355em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">the asset after amortisation, had the asset not been impaired.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.478em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifiable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9855em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">net assets of the acquired company. Subsequently, goodwill is measured at cost less accumulated impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7355em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">ment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2355em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to ben-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9855em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0308em;">efit from the business combination; however, not to a level lower than the segment level and the level at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">which goodwill is monitored as part of the internal financial management. The Management has identified  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4855em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">one operating segment being the whole Group, to which goodwill is allocated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9855em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">The carrying amount of goodwill is tested for impairment, together with the other non-current assets of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7355em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">the cash-generating unit, to which goodwill has been allocated (being the whole Group) and is impaired to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4855em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">the recoverable amount in the income statement, if the carrying amount is higher. Impairment of goodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2355em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">is recognised as a separate item in the income statement. Goodwill is tested annually for impairment, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9855em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">first time being by the end of the year of recognition, in connection with a business combination.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4855em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Impairment of goodwill is not reversed. Impairment of other assets is reversed, in so far as the assump-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2355em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">tions and estimates, on the basis of which the impairment is made, have been changed. Impairments are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9855em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">only reversed, in so far as the new carrying amount of the asset does not exceed the carrying amount of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7355em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">the asset after amortisation, had the asset not been impaired.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.478em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifiable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9855em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">net assets of the acquired company. Subsequently, goodwill is measured at cost less accumulated impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7355em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">ment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2355em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to ben-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9855em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0308em;">efit from the business combination; however, not to a level lower than the segment level and the level at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">which goodwill is monitored as part of the internal financial management. The Management has identified  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4855em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">one operating segment being the whole Group, to which goodwill is allocated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9855em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">The carrying amount of goodwill is tested for impairment, together with the other non-current assets of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7355em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">the cash-generating unit, to which goodwill has been allocated (being the whole Group) and is impaired to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4855em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">the recoverable amount in the income statement, if the carrying amount is higher. Impairment of goodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2355em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">is recognised as a separate item in the income statement. Goodwill is tested annually for impairment, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9855em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">first time being by the end of the year of recognition, in connection with a business combination.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4855em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Impairment of goodwill is not reversed. Impairment of other assets is reversed, in so far as the assump-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2355em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">tions and estimates, on the basis of which the impairment is made, have been changed. Impairments are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9855em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">only reversed, in so far as the new carrying amount of the asset does not exceed the carrying amount of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7355em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">the asset after amortisation, had the asset not been impaired.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.6062em;"><span class="stl_578 stl_94 stl_491" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3605em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">The Ambu Group is managed as one single unit, for which reason the Management monitors goodwill, as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.1105em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">a whole, at Group level. Consequently, the impairment test is based on the Group’s total cash flows. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.8605em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">market value of Ambu A/S’s shares, based on the quoted price of DKK 73.86</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.502em;top:19.8605em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">per share on Nasdaq Copen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.6105em;"><span class="stl_26 stl_13 stl_246" style="word-spacing:-0.0311em;">hagen at 30 September 2023 (DKK 66.42 per share at 30 September 2022), is far higher than the carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3605em;"><span class="stl_26 stl_13 stl_24" style="word-spacing:-0.0275em;">amount of equity. Based on this market value approximation, Ambu's equity value is DKK 19.9bn (DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.1105em;"><span class="stl_26 stl_13 stl_153" style="word-spacing:-0.0255em;">17bn), which leaves DKK 14.5bn (DKK 13bn) in headroom to the carrying amount of equity. Therefore, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.8605em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">Management has concluded that the net selling price, calculated on the basis of a level 1 fair value meas-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.6105em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">urement, proves that there is no indication of impairment of goodwill.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.478em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifiable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9855em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0323em;">net assets of the acquired company. Subsequently, goodwill is measured at cost less accumulated impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7355em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0415em;">ment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2355em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0398em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to ben-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9855em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0308em;">efit from the business combination; however, not to a level lower than the segment level and the level at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7355em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">which goodwill is monitored as part of the internal financial management. The Management has identified  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4855em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">one operating segment being the whole Group, to which goodwill is allocated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9855em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">The carrying amount of goodwill is tested for impairment, together with the other non-current assets of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7355em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0343em;">the cash-generating unit, to which goodwill has been allocated (being the whole Group) and is impaired to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4855em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">the recoverable amount in the income statement, if the carrying amount is higher. Impairment of goodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2355em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">is recognised as a separate item in the income statement. Goodwill is tested annually for impairment, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9855em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">first time being by the end of the year of recognition, in connection with a business combination.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4855em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Impairment of goodwill is not reversed. Impairment of other assets is reversed, in so far as the assump-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2355em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">tions and estimates, on the basis of which the impairment is made, have been changed. Impairments are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9855em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">only reversed, in so far as the new carrying amount of the asset does not exceed the carrying amount of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7355em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">the asset after amortisation, had the asset not been impaired.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5487em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.3018em;"><span class="stl_578 stl_94 stl_328" style="word-spacing:-0.0424em;">Acquired technologies, trademarks and customer relationships  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">Technologies, trademarks and customer relationships, as well as technologies in progress acquired in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.8062em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">connection with business combinations, are recognised at fair value at the time of acquisition in connec-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0345em;">tion with a business combination. Subsequently, the assets are measured, deducted by accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.3062em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">amorisation and impairment losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.8062em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0381em;">Acquired technologies, trademarks and customer relations primarily comprise identified technolo-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.5562em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">gies. The individual assets are systematically amortised according to the straight-line method over the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.3062em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">expected useful lifetime of the assets, from the time the Management finds that the technology is fit for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0562em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0328em;">use. The expected useful lifetime is 5-15 years.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5518em;"><span class="stl_578 stl_94 stl_304" style="word-spacing:-0.0421em;">Development projects,</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.837em;top:19.5518em;"><span class="stl_578 stl_94 stl_332" style="word-spacing:-0.0487em;">rights and Other incl. IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.3062em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">Development projects that are clearly defined and identifiable, and where the technical utilisation degree,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0562em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">sufficient resources and a potential future market or scope for use in the Group can be proven, and where  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.8062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">the Group intends to produce, market or use the project, are recognised as intangible assets where the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.5562em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">cost of the project can be calculated reliably, and there is sufficient certainty that the future earnings or  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.3062em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.039em;">the net selling price can cover the production costs, selling and distribution costs, as well as manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.0562em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">ment and administrative expenses. Other development costs are recognised in the income statement as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.8062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0363em;">incurred. Recognised development costs are measured at cost, deducted by accumulated amortisation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.5562em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">and impairment losses. Cost comprises salaries and other external expenses, e.g., consultancy fees and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.3062em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">travel expenses, which are directly attributable to the Group’s development activities.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.8062em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">Upon completion of the development activity, development projects are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.5562em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">straight-line method, encompassing the estimated useful life, starting from the time when the asset is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.3062em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">ready for use. The basis of amortisation is reduced by impairment losses, if any. The useful life of the asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.0562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">may subsequently be changed if Management believes that the original assumptions, on which the useful  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.8062em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">life and any residual value are based have changed significantly. Rights in the form of distribution rights  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.5562em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">and licences, etc., are measured at cost, deducted by accumulated amortisation and impairment losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.3062em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">Rights are amortised according to the straight-line method over the shorter of the remaining term of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.0562em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">agreement and the useful lives of the assets. Development projects and rights are amortised according to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.8062em;"><span class="stl_26 stl_13 stl_345" style="word-spacing:-0.0399em;">the straight-line method over the expected useful lives of the assets. The expected useful lifetime of com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.5562em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">pleted development projects is 5-10 years, 5-20 years for rights and 3-5 years for IT software/-projects.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.0518em;"><span class="stl_578 stl_94 stl_491" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.8062em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">Development projects in progress, either acquired or internally generated, are tested for impairment on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.5562em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">an annual basis. For completed development projects, it is continuously assessed whether there is any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:38.3062em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">indication of impairment. If Management finds that there is an indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:39.0562em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0409em;">test is carried out, comparing the estimated future net cash flows with the carrying amount of the asset.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.0518em;"><span class="stl_578 stl_94 stl_491" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.8062em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">Development projects in progress, either acquired or internally generated, are tested for impairment on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.5562em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">an annual basis. For completed development projects, it is continuously assessed whether there is any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:38.3062em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">indication of impairment. If Management finds that there is an indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:39.0562em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0409em;">test is carried out, comparing the estimated future net cash flows with the carrying amount of the asset.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.0518em;"><span class="stl_578 stl_94 stl_491" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.8062em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">Development projects in progress, either acquired or internally generated, are tested for impairment on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.5562em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">an annual basis. For completed development projects, it is continuously assessed whether there is any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:38.3062em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">indication of impairment. If Management finds that there is an indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:39.0562em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0409em;">test is carried out, comparing the estimated future net cash flows with the carrying amount of the asset.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:9.2256em;"><span class="stl_259 stl_08 stl_88" style="word-spacing:-0.0337em;">3.4 Leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3032em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0487em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Land and buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0276em;top:12.0487em;"><span class="stl_26 stl_13 stl_58">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2888em;top:12.0487em;"><span class="stl_26 stl_13 stl_208">539  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.9699em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">Other plant, fixtures and fittings, tools and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4013em;top:12.9699em;"><span class="stl_26 stl_13 stl_35">33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6982em;top:12.9699em;"><span class="stl_26 stl_13 stl_484">51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.8837em;"><span class="stl_341 stl_08 stl_77" style="word-spacing:-0.0461em;">Carrying amount of lease assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9482em;top:13.8837em;"><span class="stl_341 stl_08 stl_380">571  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1782em;top:13.8837em;"><span class="stl_341 stl_08 stl_542">590  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.3243em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">Additions on lease assets during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3969em;top:15.3243em;"><span class="stl_26 stl_13 stl_467">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2913em;top:15.3243em;"><span class="stl_26 stl_13 stl_31">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0568em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3032em;top:17.0493em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:17.0493em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.6005em;"><span class="stl_341 stl_08 stl_30" style="word-spacing:-0.0387em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5293em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Less than 1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4169em;top:19.5293em;"><span class="stl_26 stl_13 stl_62">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6488em;top:19.5293em;"><span class="stl_26 stl_13 stl_467">85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.4505em;"><span class="stl_26 stl_13 stl_49" style="word-spacing:-0.042em;">Between 1 and 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0476em;top:20.4505em;"><span class="stl_26 stl_13 stl_218">227  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2901em;top:20.4505em;"><span class="stl_26 stl_13 stl_130">229  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.3718em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0358em;">More than 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1076em;top:21.3718em;"><span class="stl_26 stl_13 stl_619">419  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3269em;top:21.3718em;"><span class="stl_26 stl_13 stl_355">475  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.2855em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Undiscounted lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9263em;top:22.2855em;"><span class="stl_341 stl_08 stl_542">725  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1869em;top:22.2855em;"><span class="stl_341 stl_08 stl_34">789  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.0255em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:24.018em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:24.018em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.5693em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0414em;">Amounts recognised in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.498em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">Expenses related to low value and short-term leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:26.498em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:26.498em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.4193em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">Interest on lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4513em;top:27.4193em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6938em;top:27.4193em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.8449em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.044em;">Depreciation of lease assets per asset class  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.7737em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Land and buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3951em;top:29.7737em;"><span class="stl_26 stl_13 stl_109">46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6488em;top:29.7737em;"><span class="stl_26 stl_13 stl_467">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.6949em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0408em;">Other plant, fixtures and fittings, tools and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4438em;top:30.6949em;"><span class="stl_26 stl_13 stl_394">19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6538em;top:30.6949em;"><span class="stl_26 stl_13 stl_32">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.6087em;"><span class="stl_341 stl_08 stl_417" style="word-spacing:-0.0438em;">Depreciation of lease assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3194em;top:31.6087em;"><span class="stl_341 stl_08 stl_49">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5907em;top:31.6087em;"><span class="stl_341 stl_08 stl_300">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:33.0418em;"><span class="stl_341 stl_08 stl_96" style="word-spacing:-0.0433em;">Amounts recognised in the cash flow statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:33.9705em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0369em;">Total cash outflow for leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4088em;top:33.9705em;"><span class="stl_26 stl_13 stl_371">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6744em;top:33.9705em;"><span class="stl_26 stl_13 stl_382">70  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4309em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.1884em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Lease assets are ‘right-of-use assets’, which is a contract or part of a contract that conveys the leasee’s  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9384em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">right to use an asset for a period of time. At the commencement date, the Group recognises a lease liabil-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.6884em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">ity and a corresponding right-of-use asset at the same amount. A right-of-use asset is initially measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4384em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">at cost, which equals the initial lease liability and initial direct costs, deducted by any lease incentives  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.1884em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">received. The Group has applied the practical expedient option allowed under IFRS, by using a portfolio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.9384em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">approach for the recognition of lease contracts related to assets of the same nature and with similar lease  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.6884em;"><span class="stl_26 stl_13 stl_55">terms.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.1884em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">The right-of-use asset is depreciated over the earlier of the lease term or the useful life of the asset. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.9384em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">impairment testing of right-of-use assets follows the same principles as those applied for property, plant  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.6884em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">and equipment, cf. note 3.3. The cost price is adjusted for remeasurement of the lease liability. The Group  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.4384em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">has chosen to not recognise right-of-use assets and liabilities for leases with a term of 12 months or less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.1884em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">and leases of low-value assets. Lease payments related to such leases are recognised in the income state-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.9384em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">ment as an expense on a straight-line basis over the lease term.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0535em;top:10.4899em;"><span class="stl_341 stl_08 stl_465">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1144em;top:11.2399em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0938em;top:11.2399em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Cash flow</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.855em;top:11.2399em;"><span class="stl_341 stl_08 stl_42">Adjustments</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_1006">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4285em;top:11.2399em;"><span class="stl_341 stl_08 stl_325" style="word-spacing:-0.0282em;">of leases</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_240" style="word-spacing:-0.0484em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8308em;top:11.2399em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:12.7987em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3308em;top:12.7987em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.4202em;top:12.7987em;"><span class="stl_26 stl_13 stl_300">-1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9695em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2214em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4733em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:13.7199em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8708em;top:13.7199em;"><span class="stl_26 stl_13 stl_381">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2314em;top:13.7199em;"><span class="stl_26 stl_13 stl_1007">-63  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:13.7199em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.672em;top:13.7199em;"><span class="stl_26 stl_13 stl_77">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5514em;top:13.7199em;"><span class="stl_26 stl_13 stl_60">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1208em;top:14.6337em;"><span class="stl_341 stl_08 stl_262">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2564em;top:14.6337em;"><span class="stl_341 stl_08 stl_399">-1,313  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7608em;top:14.6337em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5977em;top:14.6337em;"><span class="stl_341 stl_08 stl_35">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4414em;top:14.6337em;"><span class="stl_341 stl_08 stl_137">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0535em;top:17.1852em;"><span class="stl_341 stl_08 stl_465">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:17.9424em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1258em;top:17.9349em;"><span class="stl_341 stl_08 stl_424">30.09.21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0939em;top:17.9349em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Cash flow</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.855em;top:17.9349em;"><span class="stl_341 stl_08 stl_42">Adjustments</span><sup style="top: -0.2079em;"><span class="stl_597 stl_08 stl_1006">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4285em;top:17.9352em;"><span class="stl_341 stl_08 stl_325" style="word-spacing:-0.0282em;">of leases</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_240" style="word-spacing:-0.0484em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.831em;top:17.9352em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7241em;top:19.4939em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8422em;top:19.4939em;"><span class="stl_26 stl_13 stl_98">550  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0985em;top:19.4939em;"><span class="stl_26 stl_13 stl_418">700  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9691em;top:19.4939em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.221em;top:19.4939em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0466em;top:19.4939em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7241em;top:20.4152em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8653em;top:20.4152em;"><span class="stl_26 stl_13 stl_209">273  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2641em;top:20.4152em;"><span class="stl_26 stl_13 stl_18">-52  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4391em;top:20.4152em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3141em;top:20.4152em;"><span class="stl_26 stl_13 stl_31">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5866em;top:20.4152em;"><span class="stl_26 stl_13 stl_381">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.7278em;top:21.3289em;"><span class="stl_341 stl_08 stl_418">823  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.9666em;top:21.3289em;"><span class="stl_341 stl_08 stl_465">648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3466em;top:21.3289em;"><span class="stl_341 stl_08 stl_58">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1885em;top:21.3289em;"><span class="stl_341 stl_08 stl_98">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8372em;top:21.3289em;"><span class="stl_341 stl_08 stl_205">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.7618em;"><sup style="top: -0.1665em;"><span class="stl_474 stl_13 stl_16" style="word-spacing:0.1788em;">1 </span></sup><span class="stl_473 stl_13 stl_440" style="word-spacing:-0.0618em;">Non-cash transactions.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5312em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Land and buildings, plant and machinery and other plant, fixtures and fittings, tools and equipment are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">measured at cost, deducted by accumulated depreciation and impairment losses. Cost comprises the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">acquisition price and any costs directly attributable to the acquisition until the date when the asset is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">ready for use. The cost of a total asset is divided into separate elements, which are depreciated individu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0357em;">ally when the useful lives of the individual elements differ.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">The basis of depreciation is calculated in consideration of the residual value of the asset and is reduced  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0331em;">by impairment losses, if any. The residual value is fixed at the date of acquisition and is subject to annual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">review. When the residual value exceeds the carrying amount of the asset, depreciation will no longer take  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">place. In connection with changes in the depreciation period or the residual value, the effect of deprecia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">tion is recognised in future as a change in the accounting estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">The carrying amount of property, plant and equipment is assessed on an annual basis to establish  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">whether there is any indication of impairment. When such indication exists, an impairment test is per-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">formed. An impairment loss is recognised when the carrying amount of an asset exceeds the recoverable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">amount of the asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Property, plant and equipment are depreciated according to the straight-line method over the expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">useful lives of the assets/components as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_26 stl_13 stl_32">Buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.6369em;top:26.2887em;"><span class="stl_26 stl_13 stl_304" style="word-spacing:-0.0422em;">10-40 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.0387em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">Building installations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.6413em;top:27.0387em;"><span class="stl_26 stl_13 stl_21" style="word-spacing:-0.018em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.1275em;top:27.7887em;"><span class="stl_26 stl_13 stl_161" style="word-spacing:0.0086em;">2-10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.5387em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.041em;">Other fixtures and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3857em;top:28.5387em;"><span class="stl_26 stl_13 stl_77" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.0387em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">Land is not depreciated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.5387em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">Depreciation is recognised in the income statement under production costs, selling and distribution  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.2887em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">costs, development costs or management and administrative expenses, as appropriate. See note 2.4.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4309em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.1884em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Lease assets are ‘right-of-use assets’, which is a contract or part of a contract that conveys the leasee’s  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9384em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">right to use an asset for a period of time. At the commencement date, the Group recognises a lease liabil-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.6884em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">ity and a corresponding right-of-use asset at the same amount. A right-of-use asset is initially measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4384em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">at cost, which equals the initial lease liability and initial direct costs, deducted by any lease incentives  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.1884em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">received. The Group has applied the practical expedient option allowed under IFRS, by using a portfolio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.9384em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">approach for the recognition of lease contracts related to assets of the same nature and with similar lease  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.6884em;"><span class="stl_26 stl_13 stl_55">terms.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.1884em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.037em;">The right-of-use asset is depreciated over the earlier of the lease term or the useful life of the asset. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.9384em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">impairment testing of right-of-use assets follows the same principles as those applied for property, plant  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.6884em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">and equipment, cf. note 3.3. The cost price is adjusted for remeasurement of the lease liability. The Group  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.4384em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">has chosen to not recognise right-of-use assets and liabilities for leases with a term of 12 months or less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.1884em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">and leases of low-value assets. Lease payments related to such leases are recognised in the income state-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.9384em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">ment as an expense on a straight-line basis over the lease term.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_259 stl_08 stl_67" style="word-spacing:-0.0235em;">3.6 Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.6438em;top:10.4899em;"><span class="stl_341 stl_08 stl_68">Due  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8957em;top:10.4899em;"><span class="stl_341 stl_08 stl_68">Due  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1475em;top:10.4899em;"><span class="stl_341 stl_08 stl_68">Due  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.4982em;top:11.2399em;"><span class="stl_341 stl_08 stl_38">1-90  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9957em;top:11.2399em;"><span class="stl_341 stl_08 stl_428">91-180  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6425em;top:11.2399em;"><span class="stl_341 stl_08 stl_383" style="word-spacing:0.019em;">&gt; 180  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1844em;top:11.9899em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.04em;">Not due  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.4413em;top:11.9899em;"><span class="stl_341 stl_08 stl_111">days  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.6932em;top:11.9899em;"><span class="stl_341 stl_08 stl_111">days  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.945em;top:11.9899em;"><span class="stl_341 stl_08 stl_111">days  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1225em;top:11.9899em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5412em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.4699em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">Trade receivables, amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5457em;top:14.4699em;"><span class="stl_26 stl_13 stl_32">580  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.8319em;top:14.4699em;"><span class="stl_26 stl_13 stl_45">163  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4338em;top:14.4699em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6932em;top:14.4699em;"><span class="stl_26 stl_13 stl_62">27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5719em;top:14.4699em;"><span class="stl_26 stl_13 stl_464">793  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.3912em;"><span class="stl_26 stl_13 stl_304" style="word-spacing:-0.0422em;">Write-down for expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.1412em;"><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0405em;">credit loss  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.4657em;top:16.1412em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.32em;top:16.1412em;"><span class="stl_26 stl_13 stl_396">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2932em;top:16.1412em;"><span class="stl_26 stl_13 stl_393">-10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5544em;top:16.1412em;"><span class="stl_26 stl_13 stl_879">-13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7538em;top:16.1412em;"><span class="stl_26 stl_13 stl_62">-27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:17.0549em;"><span class="stl_341 stl_08 stl_87" style="word-spacing:-0.0317em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4332em;top:17.0549em;"><span class="stl_341 stl_08 stl_157">580  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.73em;top:17.0549em;"><span class="stl_341 stl_08 stl_385">159  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3788em;top:17.0549em;"><span class="stl_341 stl_08 stl_567">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6338em;top:17.0549em;"><span class="stl_341 stl_08 stl_76">14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.475em;top:17.0549em;"><span class="stl_341 stl_08 stl_798">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.4956em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">Provision for bad debt at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7475em;top:18.4956em;"><span class="stl_26 stl_13 stl_179">-25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:19.4168em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">Bad debt realised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.305em;top:19.4168em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:20.3381em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">Bad debt provision for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.0925em;top:20.3381em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:21.2593em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4738em;top:21.2593em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:22.1806em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0314em;">Provision for bad debt at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:22.9306em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7538em;top:22.9306em;"><span class="stl_26 stl_13 stl_62">-27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.6033em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5321em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">Trade receivables, amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5638em;top:25.5321em;"><span class="stl_26 stl_13 stl_270">607  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.8375em;top:25.5321em;"><span class="stl_26 stl_13 stl_384">130  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4644em;top:25.5321em;"><span class="stl_26 stl_13 stl_72">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6825em;top:25.5321em;"><span class="stl_26 stl_13 stl_142">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.58em;top:25.5321em;"><span class="stl_26 stl_13 stl_34">772  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.4533em;"><span class="stl_26 stl_13 stl_304" style="word-spacing:-0.0422em;">Write-down for expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.2033em;"><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0405em;">credit loss  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.0838em;top:27.2033em;"><span class="stl_26 stl_13 stl_80">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.3194em;top:27.2033em;"><span class="stl_26 stl_13 stl_396">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.5738em;top:27.2033em;"><span class="stl_26 stl_13 stl_395">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5575em;top:27.2033em;"><span class="stl_26 stl_13 stl_392">-12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7469em;top:27.2033em;"><span class="stl_26 stl_13 stl_179">-25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.1171em;"><span class="stl_341 stl_08 stl_87" style="word-spacing:-0.0317em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4263em;top:28.1171em;"><span class="stl_341 stl_08 stl_35">604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7238em;top:28.1171em;"><span class="stl_341 stl_08 stl_382">126  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7613em;top:28.1171em;"><span class="stl_341 stl_08 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6263em;top:28.1171em;"><span class="stl_341 stl_08 stl_390">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4988em;top:28.1171em;"><span class="stl_341 stl_08 stl_759">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.5577em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">Provision for bad debt at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7582em;top:29.5577em;"><span class="stl_26 stl_13 stl_387">-21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.4789em;"><span class="stl_26 stl_13 stl_251" style="word-spacing:-0.0325em;">Bad debt realised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:30.4789em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.4002em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">Bad debt provision for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.0894em;top:31.4002em;"><span class="stl_26 stl_13 stl_368">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.3214em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:32.3214em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.2427em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0314em;">Provision for bad debt at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.9927em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7469em;top:33.9927em;"><span class="stl_26 stl_13 stl_179">-25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5283em;"><span class="stl_578 stl_94 stl_439" style="word-spacing:-0.0467em;">Credit risks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2827em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">Ambu monitors trade receivables on a daily basis by means of due date reports, changes in payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0327em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0385em;">pattern trends and ordinary follow-up routines to identify any indications that the initial expectations for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7827em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">credit losses on the individual receivables should be adjusted. This risk assessment is targeted at pri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5327em;"><span class="stl_26 stl_13 stl_306" style="word-spacing:-0.0462em;">vate-sector customers.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.0327em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">Public-sector customers are an important part of the Company’s receivables, and it is believed that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7827em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0395em;">no debtor risks are associated with public-sector customers. In addition to a specific assessment for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.5327em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">expected credit losses on private-sector customers, the Management estimates general macro risks on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2827em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">the portfolio of trade receivables. The Group does not use factoring in connection with the collection of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0327em;"><span class="stl_26 stl_13 stl_324">debts.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5252em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2827em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">Trade receivables are measured at amortised cost, deducted by write-down for lifetime expected credit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0327em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">losses. To measure the expected credit losses, trade receivables are grouped according to shared credit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7827em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">risk characteristics and days overdue. Furthermore, an allowance for lifetime credit losses for trade receiv-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.5327em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">ables is recognised on initial recognition.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.2693em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6237em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7555em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0555em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5943em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3093em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0649em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3168em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6531em;top:15.4681em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9312em;top:15.4681em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5237em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3874em;top:15.4681em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6393em;top:15.4681em;"><span class="stl_26 stl_13 stl_79">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3199em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4399em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0756em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3274em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1606em;top:18.0531em;"><span class="stl_341 stl_08 stl_362">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8499em;top:18.0531em;"><span class="stl_341 stl_08 stl_455">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4837em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9537em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2056em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0113em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.0208em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4621em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.714em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.0438em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.9808em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.374em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6258em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:23.3483em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2865em;top:23.3483em;"><span class="stl_26 stl_13 stl_104">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0508em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3027em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:24.2695em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2608em;top:24.2695em;"><span class="stl_26 stl_13 stl_467">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5246em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0452em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2971em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.1833em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.9333em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1521em;top:25.9333em;"><span class="stl_341 stl_08 stl_69">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.934em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1858em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:27.8677em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:28.4512em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0497em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:29.0347em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:29.0347em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:29.6182em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:30.2017em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:30.2017em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.5449em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8993em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0311em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3311em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8699em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.6193em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3749em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6268em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9249em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6805em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9324em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5955em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4543em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7068em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9586em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2099em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4618em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0112em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2964em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.044em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2564em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Credit institutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9652em;top:23.3483em;"><span class="stl_26 stl_13 stl_484">51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2995em;top:23.3483em;"><span class="stl_26 stl_13 stl_182">1,282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9683em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7795em;top:23.3483em;"><span class="stl_26 stl_13 stl_132">1,333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0458em;top:23.3483em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:24.2695em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.532em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7158em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9677em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2877em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5395em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:25.1908em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5802em;top:25.1908em;"><span class="stl_26 stl_13 stl_868">451  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5464em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7983em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3445em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5964em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.1045em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.8545em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.9233em;top:26.8545em;"><span class="stl_341 stl_08 stl_791">1,102  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0902em;top:26.8545em;"><span class="stl_341 stl_08 stl_120">1,290  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7595em;top:26.8545em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5633em;top:26.8545em;"><span class="stl_341 stl_08 stl_251">2,392  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8727em;top:26.8545em;"><span class="stl_341 stl_08 stl_409">2,311  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8275em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:28.789em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:28.789em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:29.3725em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0496em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:29.956em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:29.956em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:30.5395em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:31.123em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:31.123em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5283em;"><span class="stl_578 stl_94 stl_439" style="word-spacing:-0.0467em;">Credit risks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2827em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0373em;">Ambu monitors trade receivables on a daily basis by means of due date reports, changes in payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0327em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0385em;">pattern trends and ordinary follow-up routines to identify any indications that the initial expectations for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7827em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">credit losses on the individual receivables should be adjusted. This risk assessment is targeted at pri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5327em;"><span class="stl_26 stl_13 stl_306" style="word-spacing:-0.0462em;">vate-sector customers.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.0327em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">Public-sector customers are an important part of the Company’s receivables, and it is believed that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7827em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0395em;">no debtor risks are associated with public-sector customers. In addition to a specific assessment for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.5327em;"><span class="stl_26 stl_13 stl_50" style="word-spacing:-0.0412em;">expected credit losses on private-sector customers, the Management estimates general macro risks on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2827em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">the portfolio of trade receivables. The Group does not use factoring in connection with the collection of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0327em;"><span class="stl_26 stl_13 stl_324">debts.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5254em;"><span class="stl_341 stl_08 stl_501" style="word-spacing:-0.0425em;">Credit risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2829em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">Ambu is mainly exposed to credit risks in respect of trade receivables. The maximum credit risk corre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0329em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">sponds to the carrying amount. For many years, Ambu has not realised any significant losses on receiva-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7829em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0333em;">bles. Reference is made to note 3.6.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5252em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2827em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">Trade receivables are measured at amortised cost, deducted by write-down for lifetime expected credit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0327em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">losses. To measure the expected credit losses, trade receivables are grouped according to shared credit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7827em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0381em;">risk characteristics and days overdue. Furthermore, an allowance for lifetime credit losses for trade receiv-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.5327em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">ables is recognised on initial recognition.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.6924em;"><span class="stl_259 stl_08 stl_153" style="word-spacing:-0.0256em;">3.7 Change in working capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.964em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:25.9565em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:25.9565em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.5153em;"><span class="stl_26 stl_13 stl_69" style="word-spacing:-0.031em;">Change in inventories  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0544em;top:27.5153em;"><span class="stl_26 stl_13 stl_389">237  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0519em;top:27.5153em;"><span class="stl_26 stl_13 stl_260">-402  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4365em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">Change in receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.2001em;top:28.4365em;"><span class="stl_26 stl_13 stl_98">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5332em;top:28.4365em;"><span class="stl_26 stl_13 stl_441">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.3578em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">Change in trade payables etc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9163em;top:29.3578em;"><span class="stl_26 stl_13 stl_567">-211  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3094em;top:29.3578em;"><span class="stl_26 stl_13 stl_162">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1326em;top:30.2715em;"><span class="stl_341 stl_08 stl_184">-21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0238em;top:30.2715em;"><span class="stl_341 stl_08 stl_912">-134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_420" style="word-spacing:-0.0377em;">4.5 Share capital and treasury shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5343em;"><span class="stl_578 stl_94 stl_309" style="word-spacing:-0.0432em;">Share capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_325" style="word-spacing:-0.0283em;">Ambu’s share capital is DKK 135m (DKK 129m), divided into two classes of shares with a nominal share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">value of DKK 0.50. A Class A share carries 10 votes per share, while a Class B share carries one vote per  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">share. There is no difference between the economic rights pertaining to the individual share classes. All  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">shares are paid-up in full.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0343em;"><span class="stl_578 stl_94 stl_439" style="word-spacing:-0.0466em;">Capital raise  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0349em;">On 24 March 2023, Ambu concluded its accelerated bookbuild offering to incease the share capital by a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;z-index:613;"><span class="stl_26 stl_13 stl_206" style="word-spacing:-0.0266em;">nominal amount of DKK 5,788,979 through direct issue of </span><span class="stl_26 stl_13 stl_57">1</span><span class="stl_26 stl_13 stl_76">1</span><span class="stl_26 stl_13 stl_225">,</span><span class="stl_26 stl_13 stl_184">57</span><span class="stl_26 stl_13 stl_367">7</span><span class="stl_26 stl_13 stl_156" style="word-spacing:-0.0268em;">,957 Class B shares and sale of 250,000  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">treasury Class B shares, by a nominal amount of DKK 125,000. The sale price was DKK 93 per share and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_198" style="word-spacing:-0.0291em;">DKK 91.10 per share net of total transaction costs of DKK 23m. Total net proceeds raised was DKK 1,054m  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">from increase of share capital and net proceeds raised from sale of treasury shares was DKK 23m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0312em;"><span class="stl_341 stl_08 stl_47" style="word-spacing:-0.0357em;">Development in number of shares:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.4964em;top:22.4899em;"><span class="stl_341 stl_08 stl_107" style="word-spacing:-0.0429em;">Class A shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.3089em;top:22.4899em;"><span class="stl_341 stl_08 stl_107" style="word-spacing:-0.0429em;">Class B shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5632em;top:22.4899em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Number of shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.4476em;top:23.553em;"><span class="stl_341 stl_08 stl_307" style="word-spacing:1.6797em;">2022/23 2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2426em;top:23.553em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.1889em;top:23.553em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0376em;top:23.553em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9839em;top:23.553em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:24.9999em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.04em;">Number of shares in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:25.7499em;"><span class="stl_341 stl_08 stl_531">thousands  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:26.6787em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">Number of shares issued,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:27.4287em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.03em;">beginning of year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.1557em;top:27.4287em;"><span class="stl_26 stl_13 stl_258">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.0532em;top:27.4287em;"><span class="stl_26 stl_13 stl_258">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.5989em;top:27.4287em;"><span class="stl_26 stl_13 stl_132">223,396  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4632em;top:27.4287em;"><span class="stl_26 stl_13 stl_261">223,384  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.532em;top:27.4287em;"><span class="stl_26 stl_13 stl_1005">257,716  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3757em;top:27.4287em;"><span class="stl_26 stl_13 stl_754">257,704  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:28.3499em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">Capital increase, private  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:29.0999em;"><span class="stl_26 stl_13 stl_92">placement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9839em;top:29.0999em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.8814em;top:29.0999em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.0614em;top:29.0999em;"><span class="stl_26 stl_13 stl_43">11</span><span class="stl_26 stl_13 stl_225">,</span><span class="stl_26 stl_13 stl_365">578  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6764em;top:29.0999em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8564em;top:29.0999em;"><span class="stl_26 stl_13 stl_43">11</span><span class="stl_26 stl_13 stl_225">,</span><span class="stl_26 stl_13 stl_365">578  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4714em;top:29.0999em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7226em;top:30.0212em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Capital increase, warrants  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9832em;top:30.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.8807em;top:30.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.7782em;top:30.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1751em;top:30.0212em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5739em;top:30.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9707em;top:30.0212em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:30.9349em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0415em;">Number of shares issued  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:31.6849em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0354em;">at end of year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.9101em;top:31.6849em;"><span class="stl_341 stl_08 stl_64">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.8076em;top:31.6849em;"><span class="stl_341 stl_08 stl_64">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.3732em;top:31.6849em;"><span class="stl_341 stl_08 stl_244">234,974  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2182em;top:31.6849em;"><span class="stl_341 stl_08 stl_128">223,396  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1657em;top:31.6849em;"><span class="stl_341 stl_08 stl_366">269,294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.1457em;top:31.6849em;"><span class="stl_341 stl_08 stl_866">257,716  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:10.8555em;"><span class="stl_341 stl_08 stl_28" style="word-spacing:-0.0402em;">Development in treasury shares:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.0242em;top:12.3148em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Nominal value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.4198em;top:12.3148em;"><span class="stl_341 stl_08 stl_97" style="word-spacing:-0.038em;">In %  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.9511em;top:13.0648em;"><span class="stl_341 stl_08 stl_149" style="word-spacing:-0.0251em;">No. ('000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.0773em;top:13.0648em;"><span class="stl_341 stl_08 stl_118">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.6673em;top:13.0648em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.0444em;">of share capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.1723em;top:14.1279em;"><span class="stl_341 stl_08 stl_307" style="word-spacing:1.6797em;">2022/23 2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.9673em;top:14.1279em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.9136em;top:14.1279em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.7623em;top:14.1279em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7086em;top:14.1279em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4479em;top:15.5748em;"><span class="stl_341 stl_08 stl_477" style="word-spacing:-0.0482em;">Number of treasury  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4479em;top:16.3248em;"><span class="stl_341 stl_08 stl_328" style="word-spacing:-0.0424em;">shares in thousands  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4479em;top:17.2535em;"><span class="stl_26 stl_13 stl_61" style="word-spacing:-0.0303em;">Treasury shares,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4479em;top:18.0035em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.03em;">beginning of year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.2511em;top:18.0035em;"><span class="stl_26 stl_13 stl_158">3,642  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.2004em;top:18.0035em;"><span class="stl_26 stl_13 stl_354">3,977  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.8042em;top:18.0035em;"><span class="stl_26 stl_13 stl_292">2.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.7017em;top:18.0035em;"><span class="stl_26 stl_13 stl_292">2.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0948em;top:18.0035em;"><span class="stl_26 stl_13 stl_803">1.4%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9779em;top:18.0035em;"><span class="stl_26 stl_13 stl_244">1.5%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:18.9248em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Disposals, private place-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:19.6748em;"><span class="stl_26 stl_13 stl_401">ment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.6111em;top:19.6748em;"><span class="stl_26 stl_13 stl_415">-250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.6054em;top:19.6748em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.6204em;top:19.6748em;z-index:1701;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_1003">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4004em;top:19.6748em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9142em;top:19.6748em;z-index:1705;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_441">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1961em;top:19.6748em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:20.596em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Disposals, long-term  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:21.346em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">incentive schemes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.9623em;top:21.346em;"><span class="stl_26 stl_13 stl_98">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.6054em;top:21.346em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.6204em;top:21.346em;z-index:1754;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_1003">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4004em;top:21.346em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9142em;top:21.346em;z-index:1758;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_441">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1961em;top:21.346em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:22.2673em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">Disposals, employee  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:23.0173em;"><span class="stl_26 stl_13 stl_172" style="word-spacing:-0.0232em;">shares (matching shares)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.9717em;top:23.0173em;"><span class="stl_26 stl_13 stl_95">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.8329em;top:23.0173em;"><span class="stl_26 stl_13 stl_986">-66  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.5029em;top:23.0173em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4004em;top:23.0173em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.2979em;top:23.0173em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1954em;top:23.0173em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4467em;top:23.9385em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">Disposals, share options  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.6367em;top:23.9385em;"><span class="stl_26 stl_13 stl_840">-315  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.5323em;top:23.9385em;"><span class="stl_26 stl_13 stl_433">-269  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.5573em;top:23.9385em;"><span class="stl_26 stl_13 stl_391">-0.2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.3998em;top:23.9385em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9136em;top:23.9385em;z-index:1859;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_441">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8111em;top:23.9385em;z-index:1864;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_441">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4467em;top:24.8523em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.0369em;">Treasury shares,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4467em;top:25.6023em;"><span class="stl_341 stl_08 stl_37" style="word-spacing:-0.0347em;">end of year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0761em;top:25.6023em;"><span class="stl_341 stl_08 stl_130">2,993  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.9461em;top:25.6023em;"><span class="stl_341 stl_08 stl_37">3,642  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.7011em;top:25.6023em;"><span class="stl_341 stl_08 stl_366">1.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5692em;top:25.6023em;"><span class="stl_341 stl_08 stl_97">2.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0204em;top:25.6023em;"><span class="stl_341 stl_08 stl_1004">1.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8348em;top:25.6023em;"><span class="stl_341 stl_08 stl_245">1.4%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:27.0717em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:27.8292em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Acquisition costs and consideration, as well as the dividend on treasury shares, are recognised directly in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:28.5792em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">retained earnings under equity. Proceeds from the sale of treasury shares and the issue of shares in Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:29.3292em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0377em;">A/S, in connection with the exercise of share options, and from the sale of employee shares or warrants,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:30.0792em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">are taken directly to equity.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;z-index:53;"><span class="stl_259 stl_08 stl_467">4</span><span class="stl_259 stl_08 stl_958">.</span><span class="stl_259 stl_08 stl_222" style="word-spacing:-0.0283em;">1 Financial risk management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5387em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">Ambu is exposed to fluctuations in foreign exchange and interest rates. Furthermore, Ambu is exposed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">to liquidity and financing risks. These risks are managed and monitored centrally in the Parent company,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0342em;">in accordance with the Finance Policy, approved by the Board of Directors. Ambu does not undertake any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">active speculation in financial risks.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2812em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.039em;">Market risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">As described above, the Group is exposed to changes in foreign exchange and interest rate risks. Addi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">tionally, the Group is exposed to changing in raw materials prices and freight rates. Ambu's Global Pro-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0357em;">curement and Global Supply Chain functions, respectively, monitor these risks and work to mitigate them  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">to an acceptable level. The Management assesses these risks to be manageable, as they represent a small  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0375em;">value of the total cost, despite substantial volatility in recent years.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5312em;"><span class="stl_341 stl_08 stl_117" style="word-spacing:-0.0458em;">Currency risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0373em;">The effect of fluctuations in foreign exchange rates on the Group’s financial targets and financial position  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">is monitored on an on-going basis. Prior year's analyses and ongoing quantification of short-term expo-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">sure using reckon statistical models, has indicated an acceptable level of currency risk to Ambu's cash  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">flow and financial targets. On this background, the Group continues to rely on natural hedging, given the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">current mix of transactions at different foreign exchange rates. Please see note 2.5 for further information  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">about foreign currency exposure and the 'Outlook for 2023/24' section in the Management's commentary  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7887em;"><span class="stl_26 stl_13 stl_112">section.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2812em;"><span class="stl_341 stl_08 stl_359" style="word-spacing:-0.0471em;">Interest rate risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.0387em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Ambu's policy is to hedge interest rate risk to mitigate fluctuating interest payments. Hedging takes place  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0362em;">through interest rate derivatives swapping floating-rate loans into fixed-rate loans. The Group’s credit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.5387em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0382em;">facilities carry floating interest rates. The development in interest rates is linked to IBOR/SOFR reference  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.2887em;"><span class="stl_26 stl_13 stl_27">rate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.7887em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">In May 2022, the Company entered into a DKK 250m interest rate swap involving receipt of CIBOR 3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.5387em;"><span class="stl_26 stl_13 stl_87" style="word-spacing:-0.0319em;">months and payment of a fixed interest rate of 1.24%. The derivative is not considered an accounting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.2887em;z-index:2150;"><span class="stl_26 stl_13 stl_158" style="word-spacing:-0.027em;">hedge in accordance with IFRS 9.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.7812em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Liquidity and financing risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.5387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">Financing and sufficient liquidity are fundamental to Ambu’s continued operation and growth. Liquidity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2887em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">is managed centrally from the Parent company. The objective of the cash management is to ensure that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5562em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">adequate and flexible cash resources are being maintained, thus enabling Ambu to honour its current  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.3062em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">obligations, such as repaying loans and settling other liabilities.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.8018em;"><span class="stl_578 stl_94 stl_59" style="word-spacing:-0.0364em;">Supply chain financing (SCF)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.5562em;"><span class="stl_26 stl_13 stl_401" style="word-spacing:-0.0315em;">To improve the relationship with our suppliers and minimise the financing cost in the value chain, Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.3062em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">has introduced a SCF program. When participating in this program, the supplier has the option to receive  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.0562em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">early payment from the bank, based on the invoices approved by Ambu through a factoring arrangement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.8062em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0375em;">between the supplier and the bank, where the outstanding invoices are transferred to the bank without  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.5562em;"><span class="stl_26 stl_13 stl_420">recourse.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0562em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Ambu's liability in relation to the SCF programme is the outstanding invoices, which are recognised and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8062em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">presented as a trade payable until paid upon maturity. The trade payables covered by the SCF program  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5562em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">arise in the ordinary course of business from supply of goods and services, and the payment terms of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.3062em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0367em;">suppliers that participate in the SCF program are not significantly extended compared to trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0562em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0332em;">not part of the SCF program. At the end of 2022/23, trade payables covered by the program amounted to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.8062em;"><span class="stl_26 stl_13 stl_281" style="word-spacing:-0.0056em;">DKK 44m (DKK 51m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.3018em;"><span class="stl_578 stl_94 stl_319" style="word-spacing:-0.0465em;">Credit facility  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.0562em;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.033em;">To cover the Group’s liquidity needs, Ambu has committed credit facilities for a total of DKK 1,800m. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.8062em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0339em;">facilities carry floating interest rates in the range of 0.58-2.98%, depending on the Group’s gearing and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.5562em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0328em;">ESG performance. To mitigate the interest rate risk, DKK 250m was hedged in May 2022 through an inter-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.3062em;"><span class="stl_26 stl_13 stl_61" style="word-spacing:-0.0304em;">est rate swap until 2 May 2025 at a fixed interest rate of 1.24%. The credit facilities expires on 28 June 2026  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.0562em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0361em;">and are subject to standard financial covenants.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.5562em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0377em;">The cash resources, which consist of cash at bank, and committed and uncommitted unutilised credit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.3062em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.03em;">facilities in banks amount to DKK 2.1bn (DKK 0.8bn). Considering committed facilities and cash at bank  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.0562em;"><span class="stl_26 stl_13 stl_146" style="word-spacing:-0.0254em;">only, the cash resource was DKK 2bn (DKK 0.7bn).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.5562em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0344em;">Cash-pool solutions are applied to a small extent, and intercompany loans have been granted by Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.3062em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0363em;">A/S to a few subsidiaries. The liquidity risk is countered by a consistent focus on budgeted and realised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.0562em;"><span class="stl_26 stl_13 stl_343" style="word-spacing:-0.0373em;">cash flow.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5254em;"><span class="stl_341 stl_08 stl_501" style="word-spacing:-0.0425em;">Credit risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2829em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0399em;">Ambu is mainly exposed to credit risks in respect of trade receivables. The maximum credit risk corre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0329em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0379em;">sponds to the carrying amount. For many years, Ambu has not realised any significant losses on receiva-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7829em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0333em;">bles. Reference is made to note 3.6.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2754em;"><span class="stl_341 stl_08 stl_333" style="word-spacing:-0.0477em;">Counterparty risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0329em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0388em;">Counterparty risk for cash and financial instruments is mitigated as the Company's primary banks are SIFI  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7829em;"><span class="stl_26 stl_13 stl_498">banks.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2754em;"><span class="stl_341 stl_08 stl_55" style="word-spacing:-0.0408em;">Capital management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0329em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">The primary objective of the Group’s capital management is to ensure the funding of growth of the Group,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7829em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">while maximising the return to the shareholders through the optimisation of the debt and equity balance.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2829em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">For the purpose of the Group’s capital management, capital includes share capital and all other equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0329em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0424em;">reserves attributable to the equity holders of the parent.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5329em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">The Group manages its capital structure and makes adjustments in light of changes in economic con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2829em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">ditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0329em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Group may adjust the dividend payment to shareholders or issue new shares.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:9.2256em;"><span class="stl_259 stl_08 stl_64" style="word-spacing:-0.0352em;">4.2 Financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.2693em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6237em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7555em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0555em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5943em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3093em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0649em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3168em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6531em;top:15.4681em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9312em;top:15.4681em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5237em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3874em;top:15.4681em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6393em;top:15.4681em;"><span class="stl_26 stl_13 stl_79">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3199em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4399em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0756em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3274em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1606em;top:18.0531em;"><span class="stl_341 stl_08 stl_362">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8499em;top:18.0531em;"><span class="stl_341 stl_08 stl_455">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4837em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9537em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2056em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0113em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.0208em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4621em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.714em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.0438em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.9808em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.374em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6258em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:23.3483em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2865em;top:23.3483em;"><span class="stl_26 stl_13 stl_104">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0508em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3027em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:24.2695em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2608em;top:24.2695em;"><span class="stl_26 stl_13 stl_467">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5246em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0452em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2971em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.1833em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.9333em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1521em;top:25.9333em;"><span class="stl_341 stl_08 stl_69">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.934em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1858em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:27.8677em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:28.4512em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0497em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:29.0347em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:29.0347em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:29.6182em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:30.2017em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:30.2017em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.5449em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8993em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0311em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3311em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8699em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.6193em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3749em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6268em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9249em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6805em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9324em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5955em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4543em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7068em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9586em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2099em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4618em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0112em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2964em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.044em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2564em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Credit institutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9652em;top:23.3483em;"><span class="stl_26 stl_13 stl_484">51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2995em;top:23.3483em;"><span class="stl_26 stl_13 stl_182">1,282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9683em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7795em;top:23.3483em;"><span class="stl_26 stl_13 stl_132">1,333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0458em;top:23.3483em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:24.2695em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.532em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7158em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9677em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2877em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5395em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:25.1908em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5802em;top:25.1908em;"><span class="stl_26 stl_13 stl_868">451  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5464em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7983em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3445em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5964em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.1045em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.8545em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.9233em;top:26.8545em;"><span class="stl_341 stl_08 stl_791">1,102  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0902em;top:26.8545em;"><span class="stl_341 stl_08 stl_120">1,290  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7595em;top:26.8545em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5633em;top:26.8545em;"><span class="stl_341 stl_08 stl_251">2,392  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8727em;top:26.8545em;"><span class="stl_341 stl_08 stl_409">2,311  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8275em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:28.789em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:28.789em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:29.3725em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0496em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:29.956em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:29.956em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:30.5395em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:31.123em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:31.123em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4781em;"><span class="stl_341 stl_08 stl_50" style="word-spacing:-0.0412em;">Financial instruments measured at fair value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2356em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">At the end of the financial year, it is assessed whether an instrument has moved between the levels of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9856em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0335em;">the fair value hierarchy. There have been no movements between the various levels this year or the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7356em;"><span class="stl_26 stl_13 stl_37">before.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_341 stl_08 stl_525" style="word-spacing:-0.0418em;">Methods and assumptions for the determination of fair value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9812em;"><span class="stl_578 stl_94 stl_492" style="word-spacing:-0.0444em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7356em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">Derivative financial instruments are recognised at fair value, based on a valuation report, prepared by an  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4856em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0407em;">external party who valuates the instruments based on discounted cash flows, and other inputs based on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2356em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">observable market data.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7312em;"><span class="stl_578 stl_94 stl_50" style="word-spacing:-0.0411em;">Contingent consideration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4856em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">Contingent consideration is recognised at fair value by discounting expected cash flows, based on con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2356em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">tractual conditions and unobservable inputs, such as the expected performance of the acquired assets.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7281em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4856em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Debt to credit institutions, etc., is recognised at the date of borrowing at fair value, corresponding to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2356em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">proceeds received less transaction costs paid. In subsequent periods, the financial liabilities are meas-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9856em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">ured at amortised cost using the ‘effective rate of interest method’, so that the difference between the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7356em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">proceeds and the nominal value is recognised under financial expenses in the income statement for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.4856em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">duration of the loan term.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.9856em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Derivative financial instruments are recognised as from the transaction date and are measured at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7356em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">value in the balance sheet. The fair value of derivative financial instruments is calculated on the basis of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4856em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0339em;">current market data, as well as accepted valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.9856em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">Changes in the fair value of derivative financial instruments are recognised on an ongoing basis in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.7356em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.2356em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">Contingent consideration arising as a result of business combinations, is recognised at fair value at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.9856em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">time of acquisition. The liability is subsequently adjusted to fair value on an ongoing basis.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.4856em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Other liabilities are measured at amortised cost.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2812em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.039em;">Market risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_26 stl_13 stl_466" style="word-spacing:-0.0366em;">As described above, the Group is exposed to changes in foreign exchange and interest rate risks. Addi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">tionally, the Group is exposed to changing in raw materials prices and freight rates. Ambu's Global Pro-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0357em;">curement and Global Supply Chain functions, respectively, monitor these risks and work to mitigate them  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">to an acceptable level. The Management assesses these risks to be manageable, as they represent a small  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0375em;">value of the total cost, despite substantial volatility in recent years.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.7812em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Liquidity and financing risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.5387em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">Financing and sufficient liquidity are fundamental to Ambu’s continued operation and growth. Liquidity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2887em;"><span class="stl_26 stl_13 stl_65" style="word-spacing:-0.0333em;">is managed centrally from the Parent company. The objective of the cash management is to ensure that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5562em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">adequate and flexible cash resources are being maintained, thus enabling Ambu to honour its current  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.3062em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">obligations, such as repaying loans and settling other liabilities.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.2693em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6237em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7555em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0555em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5943em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3093em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0649em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3168em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6531em;top:15.4681em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9312em;top:15.4681em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5237em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3874em;top:15.4681em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6393em;top:15.4681em;"><span class="stl_26 stl_13 stl_79">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3199em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4399em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0756em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3274em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1606em;top:18.0531em;"><span class="stl_341 stl_08 stl_362">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8499em;top:18.0531em;"><span class="stl_341 stl_08 stl_455">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4837em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9537em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2056em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0113em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.0208em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4621em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.714em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.0438em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.9808em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.374em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6258em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:23.3483em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2865em;top:23.3483em;"><span class="stl_26 stl_13 stl_104">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0508em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3027em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:24.2695em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2608em;top:24.2695em;"><span class="stl_26 stl_13 stl_467">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5246em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0452em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2971em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.1833em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.9333em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1521em;top:25.9333em;"><span class="stl_341 stl_08 stl_69">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.934em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1858em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:27.8677em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:28.4512em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0497em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:29.0347em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:29.0347em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:29.6182em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:30.2017em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:30.2017em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.5449em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8993em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0311em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3311em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8699em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.6193em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3749em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6268em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9249em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6805em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9324em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5955em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4543em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7068em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9586em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2099em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4618em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0112em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2964em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.044em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2564em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Credit institutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9652em;top:23.3483em;"><span class="stl_26 stl_13 stl_484">51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2995em;top:23.3483em;"><span class="stl_26 stl_13 stl_182">1,282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9683em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7795em;top:23.3483em;"><span class="stl_26 stl_13 stl_132">1,333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0458em;top:23.3483em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:24.2695em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.532em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7158em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9677em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2877em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5395em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:25.1908em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5802em;top:25.1908em;"><span class="stl_26 stl_13 stl_868">451  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5464em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7983em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3445em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5964em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.1045em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.8545em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.9233em;top:26.8545em;"><span class="stl_341 stl_08 stl_791">1,102  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0902em;top:26.8545em;"><span class="stl_341 stl_08 stl_120">1,290  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7595em;top:26.8545em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5633em;top:26.8545em;"><span class="stl_341 stl_08 stl_251">2,392  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8727em;top:26.8545em;"><span class="stl_341 stl_08 stl_409">2,311  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8275em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:28.789em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:28.789em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:29.3725em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0496em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:29.956em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:29.956em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:30.5395em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:31.123em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:31.123em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_341 stl_08 stl_525" style="word-spacing:-0.0418em;">Methods and assumptions for the determination of fair value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9812em;"><span class="stl_578 stl_94 stl_492" style="word-spacing:-0.0444em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7356em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">Derivative financial instruments are recognised at fair value, based on a valuation report, prepared by an  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4856em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0407em;">external party who valuates the instruments based on discounted cash flows, and other inputs based on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2356em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">observable market data.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.2693em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6237em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7555em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0555em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5943em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3093em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0649em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3168em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6531em;top:15.4681em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9312em;top:15.4681em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5237em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3874em;top:15.4681em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6393em;top:15.4681em;"><span class="stl_26 stl_13 stl_79">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3199em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4399em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0756em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3274em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1606em;top:18.0531em;"><span class="stl_341 stl_08 stl_362">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8499em;top:18.0531em;"><span class="stl_341 stl_08 stl_455">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4837em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9537em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2056em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0113em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.0208em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4621em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.714em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.0438em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.9808em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.374em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6258em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:23.3483em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2865em;top:23.3483em;"><span class="stl_26 stl_13 stl_104">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0508em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3027em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:24.2695em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2608em;top:24.2695em;"><span class="stl_26 stl_13 stl_467">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5246em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0452em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2971em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.1833em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.9333em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1521em;top:25.9333em;"><span class="stl_341 stl_08 stl_69">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.934em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1858em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:27.8677em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:28.4512em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0497em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:29.0347em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:29.0347em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:29.6182em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:30.2017em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:30.2017em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.5449em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8993em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0311em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3311em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8699em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.6193em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3749em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6268em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9249em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6805em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9324em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5955em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4543em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7068em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9586em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2099em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4618em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0112em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2964em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.044em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2564em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Credit institutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9652em;top:23.3483em;"><span class="stl_26 stl_13 stl_484">51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2995em;top:23.3483em;"><span class="stl_26 stl_13 stl_182">1,282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9683em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7795em;top:23.3483em;"><span class="stl_26 stl_13 stl_132">1,333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0458em;top:23.3483em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:24.2695em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.532em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7158em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9677em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2877em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5395em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:25.1908em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5802em;top:25.1908em;"><span class="stl_26 stl_13 stl_868">451  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5464em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7983em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3445em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5964em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.1045em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.8545em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.9233em;top:26.8545em;"><span class="stl_341 stl_08 stl_791">1,102  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0902em;top:26.8545em;"><span class="stl_341 stl_08 stl_120">1,290  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7595em;top:26.8545em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5633em;top:26.8545em;"><span class="stl_341 stl_08 stl_251">2,392  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8727em;top:26.8545em;"><span class="stl_341 stl_08 stl_409">2,311  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8275em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:28.789em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:28.789em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:29.3725em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0496em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:29.956em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:29.956em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:30.5395em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:31.123em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:31.123em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.2693em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6237em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7555em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0555em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5943em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3093em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0649em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3168em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6531em;top:15.4681em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9312em;top:15.4681em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5237em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3874em;top:15.4681em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6393em;top:15.4681em;"><span class="stl_26 stl_13 stl_79">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3199em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4399em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0756em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3274em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1606em;top:18.0531em;"><span class="stl_341 stl_08 stl_362">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8499em;top:18.0531em;"><span class="stl_341 stl_08 stl_455">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4837em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9537em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2056em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0113em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.0208em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4621em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.714em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.0438em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.9808em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.374em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6258em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:23.3483em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2865em;top:23.3483em;"><span class="stl_26 stl_13 stl_104">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0508em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3027em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:24.2695em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2608em;top:24.2695em;"><span class="stl_26 stl_13 stl_467">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5246em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0452em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2971em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.1833em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.9333em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1521em;top:25.9333em;"><span class="stl_341 stl_08 stl_69">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.934em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1858em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:27.8677em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:28.4512em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0497em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:29.0347em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:29.0347em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:29.6182em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:30.2017em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:30.2017em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.5449em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8993em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0311em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3311em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8699em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.6193em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3749em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6268em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9249em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6805em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9324em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5955em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4543em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7068em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9586em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2099em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4618em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0112em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2964em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.044em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2564em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Credit institutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9652em;top:23.3483em;"><span class="stl_26 stl_13 stl_484">51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2995em;top:23.3483em;"><span class="stl_26 stl_13 stl_182">1,282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9683em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7795em;top:23.3483em;"><span class="stl_26 stl_13 stl_132">1,333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0458em;top:23.3483em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:24.2695em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.532em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7158em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9677em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2877em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5395em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:25.1908em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5802em;top:25.1908em;"><span class="stl_26 stl_13 stl_868">451  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5464em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7983em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3445em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5964em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.1045em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.8545em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.9233em;top:26.8545em;"><span class="stl_341 stl_08 stl_791">1,102  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0902em;top:26.8545em;"><span class="stl_341 stl_08 stl_120">1,290  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7595em;top:26.8545em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5633em;top:26.8545em;"><span class="stl_341 stl_08 stl_251">2,392  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8727em;top:26.8545em;"><span class="stl_341 stl_08 stl_409">2,311  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8275em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:28.789em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:28.789em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:29.3725em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0496em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:29.956em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:29.956em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:30.5395em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:31.123em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:31.123em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.2693em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6237em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7555em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0555em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5943em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3093em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0649em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3168em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6531em;top:15.4681em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9312em;top:15.4681em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5237em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3874em;top:15.4681em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6393em;top:15.4681em;"><span class="stl_26 stl_13 stl_79">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3199em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4399em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0756em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3274em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1606em;top:18.0531em;"><span class="stl_341 stl_08 stl_362">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8499em;top:18.0531em;"><span class="stl_341 stl_08 stl_455">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4837em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9537em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2056em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0113em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.0208em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4621em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.714em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.0438em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.9808em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.374em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6258em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:23.3483em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2865em;top:23.3483em;"><span class="stl_26 stl_13 stl_104">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0508em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3027em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:24.2695em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2608em;top:24.2695em;"><span class="stl_26 stl_13 stl_467">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5246em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0452em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2971em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.1833em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.9333em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1521em;top:25.9333em;"><span class="stl_341 stl_08 stl_69">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.934em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1858em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:27.8677em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:28.4512em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0497em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:29.0347em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:29.0347em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:29.6182em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:30.2017em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:30.2017em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.5449em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8993em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0311em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3311em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8699em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.6193em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3749em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6268em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9249em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6805em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9324em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5955em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4543em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7068em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9586em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2099em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4618em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0112em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2964em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.044em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2564em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Credit institutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9652em;top:23.3483em;"><span class="stl_26 stl_13 stl_484">51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2995em;top:23.3483em;"><span class="stl_26 stl_13 stl_182">1,282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9683em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7795em;top:23.3483em;"><span class="stl_26 stl_13 stl_132">1,333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0458em;top:23.3483em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:24.2695em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.532em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7158em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9677em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2877em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5395em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:25.1908em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5802em;top:25.1908em;"><span class="stl_26 stl_13 stl_868">451  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5464em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7983em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3445em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5964em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.1045em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.8545em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.9233em;top:26.8545em;"><span class="stl_341 stl_08 stl_791">1,102  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0902em;top:26.8545em;"><span class="stl_341 stl_08 stl_120">1,290  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7595em;top:26.8545em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5633em;top:26.8545em;"><span class="stl_341 stl_08 stl_251">2,392  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8727em;top:26.8545em;"><span class="stl_341 stl_08 stl_409">2,311  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8275em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:28.789em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:28.789em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:29.3725em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0496em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:29.956em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:29.956em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:30.5395em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:31.123em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:31.123em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4781em;"><span class="stl_341 stl_08 stl_50" style="word-spacing:-0.0412em;">Financial instruments measured at fair value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2356em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">At the end of the financial year, it is assessed whether an instrument has moved between the levels of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9856em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0335em;">the fair value hierarchy. There have been no movements between the various levels this year or the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7356em;"><span class="stl_26 stl_13 stl_37">before.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_341 stl_08 stl_525" style="word-spacing:-0.0418em;">Methods and assumptions for the determination of fair value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9812em;"><span class="stl_578 stl_94 stl_492" style="word-spacing:-0.0444em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7356em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">Derivative financial instruments are recognised at fair value, based on a valuation report, prepared by an  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4856em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0407em;">external party who valuates the instruments based on discounted cash flows, and other inputs based on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2356em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">observable market data.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7312em;"><span class="stl_578 stl_94 stl_50" style="word-spacing:-0.0411em;">Contingent consideration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4856em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">Contingent consideration is recognised at fair value by discounting expected cash flows, based on con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2356em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">tractual conditions and unobservable inputs, such as the expected performance of the acquired assets.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.2693em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6237em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7555em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0555em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5943em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3093em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0649em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3168em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6531em;top:15.4681em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9312em;top:15.4681em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5237em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3874em;top:15.4681em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6393em;top:15.4681em;"><span class="stl_26 stl_13 stl_79">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3199em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4399em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0756em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3274em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1606em;top:18.0531em;"><span class="stl_341 stl_08 stl_362">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8499em;top:18.0531em;"><span class="stl_341 stl_08 stl_455">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4837em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9537em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2056em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0113em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.0208em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4621em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.714em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.0438em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.9808em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.374em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6258em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:23.3483em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2865em;top:23.3483em;"><span class="stl_26 stl_13 stl_104">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0508em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3027em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:24.2695em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2608em;top:24.2695em;"><span class="stl_26 stl_13 stl_467">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5246em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0452em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2971em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.1833em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.9333em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1521em;top:25.9333em;"><span class="stl_341 stl_08 stl_69">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.934em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1858em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:27.8677em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:28.4512em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0497em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:29.0347em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:29.0347em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:29.6182em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:30.2017em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:30.2017em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.5449em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8993em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0311em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3311em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8699em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.6193em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3749em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6268em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9249em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6805em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9324em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5955em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4543em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7068em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9586em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2099em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4618em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0112em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2964em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.044em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2564em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Credit institutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9652em;top:23.3483em;"><span class="stl_26 stl_13 stl_484">51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2995em;top:23.3483em;"><span class="stl_26 stl_13 stl_182">1,282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9683em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7795em;top:23.3483em;"><span class="stl_26 stl_13 stl_132">1,333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0458em;top:23.3483em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:24.2695em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.532em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7158em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9677em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2877em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5395em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:25.1908em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5802em;top:25.1908em;"><span class="stl_26 stl_13 stl_868">451  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5464em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7983em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3445em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5964em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.1045em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.8545em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.9233em;top:26.8545em;"><span class="stl_341 stl_08 stl_791">1,102  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0902em;top:26.8545em;"><span class="stl_341 stl_08 stl_120">1,290  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7595em;top:26.8545em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5633em;top:26.8545em;"><span class="stl_341 stl_08 stl_251">2,392  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8727em;top:26.8545em;"><span class="stl_341 stl_08 stl_409">2,311  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8275em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:28.789em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:28.789em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:29.3725em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0496em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:29.956em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:29.956em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:30.5395em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:31.123em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:31.123em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4781em;"><span class="stl_341 stl_08 stl_50" style="word-spacing:-0.0412em;">Financial instruments measured at fair value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2356em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">At the end of the financial year, it is assessed whether an instrument has moved between the levels of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9856em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0335em;">the fair value hierarchy. There have been no movements between the various levels this year or the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7356em;"><span class="stl_26 stl_13 stl_37">before.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_341 stl_08 stl_525" style="word-spacing:-0.0418em;">Methods and assumptions for the determination of fair value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9812em;"><span class="stl_578 stl_94 stl_492" style="word-spacing:-0.0444em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7356em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0369em;">Derivative financial instruments are recognised at fair value, based on a valuation report, prepared by an  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.4856em;"><span class="stl_26 stl_13 stl_55" style="word-spacing:-0.0407em;">external party who valuates the instruments based on discounted cash flows, and other inputs based on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2356em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">observable market data.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7312em;"><span class="stl_578 stl_94 stl_50" style="word-spacing:-0.0411em;">Contingent consideration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4856em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">Contingent consideration is recognised at fair value by discounting expected cash flows, based on con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2356em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">tractual conditions and unobservable inputs, such as the expected performance of the acquired assets.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.2693em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6237em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.7555em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0555em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5943em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3093em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0649em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3168em;top:14.5468em;"><span class="stl_26 stl_13 stl_380">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6531em;top:15.4681em;"><span class="stl_26 stl_13 stl_270">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9312em;top:15.4681em;"><span class="stl_26 stl_13 stl_76">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5237em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3874em;top:15.4681em;"><span class="stl_26 stl_13 stl_926">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6393em;top:15.4681em;"><span class="stl_26 stl_13 stl_79">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3199em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4399em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0756em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3274em;top:16.3893em;"><span class="stl_26 stl_13 stl_838">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1606em;top:18.0531em;"><span class="stl_341 stl_08 stl_362">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8499em;top:18.0531em;"><span class="stl_341 stl_08 stl_455">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4837em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9537em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2056em;top:18.0531em;"><span class="stl_341 stl_08 stl_399">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0113em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.0208em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4621em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.714em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.0438em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.9808em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.374em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6258em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:23.3483em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2865em;top:23.3483em;"><span class="stl_26 stl_13 stl_104">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0508em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3027em;top:23.3483em;"><span class="stl_26 stl_13 stl_184">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:24.2695em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2608em;top:24.2695em;"><span class="stl_26 stl_13 stl_467">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2727em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5246em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0452em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2971em;top:24.2695em;"><span class="stl_26 stl_13 stl_195">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.1833em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:25.9333em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1521em;top:25.9333em;"><span class="stl_341 stl_08 stl_69">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.934em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1858em;top:25.9333em;"><span class="stl_341 stl_08 stl_34">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:27.8677em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:28.4512em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0497em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:29.0347em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:29.0347em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.8656em;top:29.6182em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:30.2017em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.862em;top:30.2017em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.5449em;top:10.4899em;"><span class="stl_341 stl_08 stl_265" style="word-spacing:-0.0467em;">Contractual cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8993em;top:11.3168em;"><span class="stl_341 stl_08 stl_475">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_341 stl_08 stl_1002">0</span><span class="stl_341 stl_08 stl_83">-</span><span class="stl_341 stl_08 stl_36" style="word-spacing:-0.026em;">1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.0311em;top:12.0668em;"><span class="stl_341 stl_08 stl_32" style="word-spacing:-0.032em;">1-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3311em;top:12.0668em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.037em;">&gt; 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8699em;top:12.0668em;"><span class="stl_341 stl_08 stl_130">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_341 stl_08 stl_53">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_26 stl_13 stl_90" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.6193em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3749em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6268em;top:14.5468em;"><span class="stl_26 stl_13 stl_393">747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9249em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:15.4681em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6805em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9324em;top:15.4681em;"><span class="stl_26 stl_13 stl_21">36  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5955em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:16.3893em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_26 stl_13 stl_33">187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:17.3031em;"><span class="stl_341 stl_08 stl_29" style="word-spacing:-0.0406em;">Financial assets measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:18.0531em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4543em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7068em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9586em;top:18.0531em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2099em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4618em;top:18.0531em;"><span class="stl_341 stl_08 stl_389">970  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:20.2437em;"><span class="stl_26 stl_13 stl_95" style="word-spacing:-0.0066em;">(level 2) </span><sup style="top: -0.2079em;"><span class="stl_302 stl_13 stl_303" style="word-spacing:-0.0112em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2964em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_26 stl_13 stl_57">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_341 stl_08 stl_531" style="word-spacing:-0.044em;">Financial assets stated at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.9077em;"><span class="stl_341 stl_08 stl_344" style="word-spacing:-0.0406em;">value in the income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2564em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_341 stl_08 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_341 stl_08 stl_787">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_26 stl_13 stl_28" style="word-spacing:-0.0403em;">Credit institutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9652em;top:23.3483em;"><span class="stl_26 stl_13 stl_484">51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2995em;top:23.3483em;"><span class="stl_26 stl_13 stl_182">1,282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9683em;top:23.3483em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7795em;top:23.3483em;"><span class="stl_26 stl_13 stl_132">1,333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0458em;top:23.3483em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7233em;top:24.2695em;"><span class="stl_26 stl_13 stl_496" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.532em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7158em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9677em;top:24.2695em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2877em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5395em;top:24.2695em;"><span class="stl_26 stl_13 stl_826">600  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:25.1908em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5802em;top:25.1908em;"><span class="stl_26 stl_13 stl_868">451  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5464em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7983em;top:25.1908em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3445em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5964em;top:25.1908em;"><span class="stl_26 stl_13 stl_80">4</span><span class="stl_26 stl_13 stl_416">6</span><span class="stl_26 stl_13 stl_416">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.1045em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Financial liabilities measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7227em;top:26.8545em;"><span class="stl_341 stl_08 stl_467" style="word-spacing:-0.048em;">amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.9233em;top:26.8545em;"><span class="stl_341 stl_08 stl_791">1,102  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0902em;top:26.8545em;"><span class="stl_341 stl_08 stl_120">1,290  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7595em;top:26.8545em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5633em;top:26.8545em;"><span class="stl_341 stl_08 stl_251">2,392  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8727em;top:26.8545em;"><span class="stl_341 stl_08 stl_409">2,311  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.8275em;"><span class="stl_472 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:28.789em;"><span class="stl_473 stl_13 stl_286" style="word-spacing:-0.0156em;">Level 1:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:28.789em;"><span class="stl_473 stl_13 stl_663" style="word-spacing:-0.0527em;">The fair value of financial instruments traded on active markets is based on the listed market prices at the balance sheet  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:29.3725em;"><span class="stl_473 stl_13 stl_335" style="word-spacing:-0.0496em;">date. The listed price is used for the Group’s financial assets as the current purchase price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:29.956em;"><span class="stl_473 stl_13 stl_64" style="word-spacing:-0.0352em;">Level 2:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:29.956em;"><span class="stl_473 stl_13 stl_240" style="word-spacing:-0.0484em;">The fair value of financial instruments, which are not traded in an active market (e.g. over-the-counter derivatives), is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.1411em;top:30.5395em;"><span class="stl_473 stl_13 stl_91" style="word-spacing:-0.0518em;">determined using ordinary valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:31.123em;"><span class="stl_473 stl_13 stl_65" style="word-spacing:-0.0332em;">Level 3:</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:7.140em;top:31.123em;"><span class="stl_473 stl_13 stl_505" style="word-spacing:-0.0517em;">If no observable market data are available, the instrument is included in the last category.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2754em;"><span class="stl_341 stl_08 stl_55" style="word-spacing:-0.0408em;">Capital management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0329em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">The primary objective of the Group’s capital management is to ensure the funding of growth of the Group,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7829em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">while maximising the return to the shareholders through the optimisation of the debt and equity balance.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2829em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">For the purpose of the Group’s capital management, capital includes share capital and all other equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0329em;"><span class="stl_26 stl_13 stl_328" style="word-spacing:-0.0424em;">reserves attributable to the equity holders of the parent.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5329em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">The Group manages its capital structure and makes adjustments in light of changes in economic con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2829em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">ditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0329em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Group may adjust the dividend payment to shareholders or issue new shares.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4781em;"><span class="stl_341 stl_08 stl_50" style="word-spacing:-0.0412em;">Financial instruments measured at fair value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2356em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0351em;">At the end of the financial year, it is assessed whether an instrument has moved between the levels of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9856em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0335em;">the fair value hierarchy. There have been no movements between the various levels this year or the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7356em;"><span class="stl_26 stl_13 stl_37">before.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7312em;"><span class="stl_578 stl_94 stl_50" style="word-spacing:-0.0411em;">Contingent consideration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4856em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">Contingent consideration is recognised at fair value by discounting expected cash flows, based on con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2356em;"><span class="stl_26 stl_13 stl_29" style="word-spacing:-0.0409em;">tractual conditions and unobservable inputs, such as the expected performance of the acquired assets.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_259 stl_08 stl_87" style="word-spacing:-0.0319em;">5.5 Contingent liabilities and other contractual liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5343em;"><span class="stl_578 stl_94 stl_331" style="word-spacing:-0.0384em;">Contingent liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Ambu’s ongoing operations and the use of Ambu’s products in hospitals and clinics, etc., involve a gen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">eral risk of claims for damages and sanctions against Ambu. The risk is deemed to be customary for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_89">industry.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Ambu is involved, from time to time, in disputes with customers and patients about Ambu’s products.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Appropriate provisions are made on an ongoing basis, and product liability insurance has been taken out.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">The Management believes that the likely outcomes of these disputes can be covered by the provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;z-index:700;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0331em;">made and recognised in the balance sheet at 30 Sept</span><span class="stl_26 stl_13 stl_171" style="word-spacing:-0.0237em;">ember 202</span><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">3. For a more detailed description of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.1185em;z-index:804;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">Group’s risks, see the ‘Risk management’ section on </span><span class="stl_580 stl_94 stl_885" style="word-spacing:-0.061em;">p. 97-101</span><span class="stl_583 stl_101 stl_592" style="word-spacing:-0.0482em;">→  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7843em;"><span class="stl_578 stl_94 stl_501" style="word-spacing:-0.0437em;">Other contractual liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">A change-of-control clause exists in respect of committed borrowing facilities, which constitute the main  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">part of Ambu’s loan financing. Change-of-control remuneration to members of the Executive Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">ment is subject to a maximum value corresponding to two years’ remuneration.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7281em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4856em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Debt to credit institutions, etc., is recognised at the date of borrowing at fair value, corresponding to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2356em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">proceeds received less transaction costs paid. In subsequent periods, the financial liabilities are meas-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9856em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">ured at amortised cost using the ‘effective rate of interest method’, so that the difference between the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7356em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">proceeds and the nominal value is recognised under financial expenses in the income statement for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.4856em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">duration of the loan term.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.9856em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Derivative financial instruments are recognised as from the transaction date and are measured at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7356em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">value in the balance sheet. The fair value of derivative financial instruments is calculated on the basis of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4856em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0339em;">current market data, as well as accepted valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.9856em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">Changes in the fair value of derivative financial instruments are recognised on an ongoing basis in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.7356em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.2356em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">Contingent consideration arising as a result of business combinations, is recognised at fair value at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.9856em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">time of acquisition. The liability is subsequently adjusted to fair value on an ongoing basis.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.4856em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Other liabilities are measured at amortised cost.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7281em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4856em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Debt to credit institutions, etc., is recognised at the date of borrowing at fair value, corresponding to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2356em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">proceeds received less transaction costs paid. In subsequent periods, the financial liabilities are meas-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9856em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">ured at amortised cost using the ‘effective rate of interest method’, so that the difference between the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7356em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">proceeds and the nominal value is recognised under financial expenses in the income statement for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.4856em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">duration of the loan term.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.9856em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Derivative financial instruments are recognised as from the transaction date and are measured at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7356em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">value in the balance sheet. The fair value of derivative financial instruments is calculated on the basis of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4856em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0339em;">current market data, as well as accepted valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.9856em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">Changes in the fair value of derivative financial instruments are recognised on an ongoing basis in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.7356em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.2356em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">Contingent consideration arising as a result of business combinations, is recognised at fair value at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.9856em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">time of acquisition. The liability is subsequently adjusted to fair value on an ongoing basis.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.4856em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Other liabilities are measured at amortised cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_259 stl_08 stl_64" style="word-spacing:-0.0353em;">4.4 Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3032em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0487em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7713em;top:12.0487em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.9699em;"><span class="stl_26 stl_13 stl_498">Leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1138em;top:12.9699em;"><span class="stl_26 stl_13 stl_657">512  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3632em;top:12.9699em;"><span class="stl_26 stl_13 stl_763">516  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.8837em;"><span class="stl_341 stl_08 stl_328" style="word-spacing:-0.0423em;">Long-term interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9694em;top:13.8837em;"><span class="stl_341 stl_08 stl_468">512  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6282em;top:13.8837em;"><span class="stl_341 stl_08 stl_941">1,766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.3243em;"><span class="stl_26 stl_13 stl_498">Leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4188em;top:15.3243em;"><span class="stl_26 stl_13 stl_45">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6688em;top:15.3243em;"><span class="stl_26 stl_13 stl_62">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.238em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Short-term interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3351em;top:16.238em;"><span class="stl_341 stl_08 stl_110">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5857em;top:16.238em;"><span class="stl_341 stl_08 stl_570">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.6712em;"><span class="stl_341 stl_08 stl_525" style="word-spacing:-0.0418em;">Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9138em;top:17.6712em;"><span class="stl_341 stl_08 stl_137">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5626em;top:17.6712em;"><span class="stl_341 stl_08 stl_262">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:19.148em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">The table below shows the composition of the Group’s net interest-bearing debt.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.6067em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3032em;top:20.5992em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:20.5992em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.1579em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0363em;">Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0244em;top:22.1579em;"><span class="stl_26 stl_13 stl_60">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7494em;top:22.1579em;"><span class="stl_26 stl_13 stl_263">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.0792em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9144em;top:23.0792em;"><span class="stl_26 stl_13 stl_877">-157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1663em;top:23.0792em;"><span class="stl_26 stl_13 stl_877">-187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9929em;"><span class="stl_341 stl_08 stl_49" style="word-spacing:-0.042em;">Net interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9251em;top:23.9929em;"><span class="stl_341 stl_08 stl_464">427  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5726em;top:23.9929em;"><span class="stl_341 stl_08 stl_253">1,658  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7281em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4856em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.035em;">Debt to credit institutions, etc., is recognised at the date of borrowing at fair value, corresponding to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2356em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">proceeds received less transaction costs paid. In subsequent periods, the financial liabilities are meas-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9856em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">ured at amortised cost using the ‘effective rate of interest method’, so that the difference between the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7356em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">proceeds and the nominal value is recognised under financial expenses in the income statement for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.4856em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">duration of the loan term.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.9856em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Derivative financial instruments are recognised as from the transaction date and are measured at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7356em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0365em;">value in the balance sheet. The fair value of derivative financial instruments is calculated on the basis of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.4856em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0339em;">current market data, as well as accepted valuation methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.9856em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0359em;">Changes in the fair value of derivative financial instruments are recognised on an ongoing basis in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.7356em;"><span class="stl_26 stl_13 stl_305" style="word-spacing:-0.0383em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.2356em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0347em;">Contingent consideration arising as a result of business combinations, is recognised at fair value at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.9856em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">time of acquisition. The liability is subsequently adjusted to fair value on an ongoing basis.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.4856em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0384em;">Other liabilities are measured at amortised cost.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_60" style="word-spacing:-0.0349em;">4.3 Net financials  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.583em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:22.5755em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:22.5755em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.1343em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Interest expenses, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6919em;top:24.1343em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9694em;top:24.1343em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.0555em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0415em;">Interest expenses, leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7269em;top:25.0555em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9694em;top:25.0555em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.9768em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0417em;">Interest expenses, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:25.9768em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:25.9768em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.898em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.032em;">Foreign exchange loss, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6857em;top:26.898em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:26.898em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.8193em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">Effect of shorter discount period, acquisition of technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:27.8193em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:27.8193em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.733em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0355em;">Financial expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6025em;top:28.733em;"><span class="stl_341 stl_08 stl_21">86  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8513em;top:28.733em;"><span class="stl_341 stl_08 stl_58">34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.2024em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.9599em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.7099em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">currencies and amortisation of financial assets and liabilities, including leases. The timing effect and fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.4599em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">value adjustment of contingent consideration and the purchase price payable are classified under net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.2099em;"><span class="stl_26 stl_13 stl_343">financials.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_60" style="word-spacing:-0.0349em;">4.3 Net financials  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">Interest income, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Interest income, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8912em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.03em;">Foreign exchange gains, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:13.8912em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9494em;top:13.8912em;"><span class="stl_26 stl_13 stl_380">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.8124em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">Fair value adjustment, contingent consideration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:14.8124em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6138em;top:14.8124em;"><span class="stl_26 stl_13 stl_882">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.7337em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">Fair value adjustment, interest rate swap  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0532em;top:15.7337em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.96em;top:15.7337em;"><span class="stl_26 stl_13 stl_56">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.6474em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Financial income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0138em;top:16.6474em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4894em;top:16.6474em;"><span class="stl_341 stl_08 stl_867">169  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:18.1243em;"><span class="stl_26 stl_13 stl_198" style="word-spacing:-0.0291em;">In 2021/22, Management remeasured the fair value of the milestone conditionally upon FDA clearance of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:18.8743em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0302em;">the gastroscope by 31 December 2021. Since the FDA clearance was not obtained at this date, Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:19.6243em;"><span class="stl_26 stl_13 stl_148" style="word-spacing:-0.0299em;">ment remeasured the contingent consideration, leading to a financial income of DKK 137m. The deferred  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:20.3743em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">contingent consideration related to the Invendo Medical GmbH acquisition was at 30 September 2022  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:21.1243em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">fully paid or lapsed.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.583em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:22.5755em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:22.5755em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.1343em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Interest expenses, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6919em;top:24.1343em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9694em;top:24.1343em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.0555em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0415em;">Interest expenses, leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7269em;top:25.0555em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9694em;top:25.0555em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.9768em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0417em;">Interest expenses, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:25.9768em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:25.9768em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.898em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.032em;">Foreign exchange loss, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6857em;top:26.898em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:26.898em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.8193em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">Effect of shorter discount period, acquisition of technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:27.8193em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:27.8193em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.733em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0355em;">Financial expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6025em;top:28.733em;"><span class="stl_341 stl_08 stl_21">86  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8513em;top:28.733em;"><span class="stl_341 stl_08 stl_58">34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.2024em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.9599em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.7099em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">currencies and amortisation of financial assets and liabilities, including leases. The timing effect and fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.4599em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">value adjustment of contingent consideration and the purchase price payable are classified under net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.2099em;"><span class="stl_26 stl_13 stl_343">financials.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_60" style="word-spacing:-0.0349em;">4.3 Net financials  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">Interest income, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Interest income, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8912em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.03em;">Foreign exchange gains, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:13.8912em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9494em;top:13.8912em;"><span class="stl_26 stl_13 stl_380">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.8124em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">Fair value adjustment, contingent consideration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:14.8124em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6138em;top:14.8124em;"><span class="stl_26 stl_13 stl_882">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.7337em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">Fair value adjustment, interest rate swap  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0532em;top:15.7337em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.96em;top:15.7337em;"><span class="stl_26 stl_13 stl_56">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.6474em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Financial income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0138em;top:16.6474em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4894em;top:16.6474em;"><span class="stl_341 stl_08 stl_867">169  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:18.1243em;"><span class="stl_26 stl_13 stl_198" style="word-spacing:-0.0291em;">In 2021/22, Management remeasured the fair value of the milestone conditionally upon FDA clearance of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:18.8743em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0302em;">the gastroscope by 31 December 2021. Since the FDA clearance was not obtained at this date, Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:19.6243em;"><span class="stl_26 stl_13 stl_148" style="word-spacing:-0.0299em;">ment remeasured the contingent consideration, leading to a financial income of DKK 137m. The deferred  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:20.3743em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">contingent consideration related to the Invendo Medical GmbH acquisition was at 30 September 2022  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:21.1243em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">fully paid or lapsed.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.2024em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.9599em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.7099em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">currencies and amortisation of financial assets and liabilities, including leases. The timing effect and fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.4599em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">value adjustment of contingent consideration and the purchase price payable are classified under net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.2099em;"><span class="stl_26 stl_13 stl_343">financials.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">Interest income, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Interest income, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8912em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.03em;">Foreign exchange gains, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:13.8912em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9494em;top:13.8912em;"><span class="stl_26 stl_13 stl_380">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.8124em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">Fair value adjustment, contingent consideration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:14.8124em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6138em;top:14.8124em;"><span class="stl_26 stl_13 stl_882">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.7337em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">Fair value adjustment, interest rate swap  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0532em;top:15.7337em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.96em;top:15.7337em;"><span class="stl_26 stl_13 stl_56">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.6474em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Financial income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0138em;top:16.6474em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4894em;top:16.6474em;"><span class="stl_341 stl_08 stl_867">169  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:18.1243em;"><span class="stl_26 stl_13 stl_198" style="word-spacing:-0.0291em;">In 2021/22, Management remeasured the fair value of the milestone conditionally upon FDA clearance of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:18.8743em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0302em;">the gastroscope by 31 December 2021. Since the FDA clearance was not obtained at this date, Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:19.6243em;"><span class="stl_26 stl_13 stl_148" style="word-spacing:-0.0299em;">ment remeasured the contingent consideration, leading to a financial income of DKK 137m. The deferred  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:20.3743em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">contingent consideration related to the Invendo Medical GmbH acquisition was at 30 September 2022  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:21.1243em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">fully paid or lapsed.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.583em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:22.5755em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:22.5755em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.1343em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Interest expenses, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6919em;top:24.1343em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9694em;top:24.1343em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.0555em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0415em;">Interest expenses, leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7269em;top:25.0555em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9694em;top:25.0555em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.9768em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0417em;">Interest expenses, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:25.9768em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:25.9768em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.898em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.032em;">Foreign exchange loss, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6857em;top:26.898em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:26.898em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.8193em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">Effect of shorter discount period, acquisition of technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:27.8193em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:27.8193em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.733em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0355em;">Financial expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6025em;top:28.733em;"><span class="stl_341 stl_08 stl_21">86  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8513em;top:28.733em;"><span class="stl_341 stl_08 stl_58">34  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">Interest income, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Interest income, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8912em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.03em;">Foreign exchange gains, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:13.8912em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9494em;top:13.8912em;"><span class="stl_26 stl_13 stl_380">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.8124em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0337em;">Fair value adjustment, contingent consideration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:14.8124em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6138em;top:14.8124em;"><span class="stl_26 stl_13 stl_882">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.7337em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">Fair value adjustment, interest rate swap  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0532em;top:15.7337em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.96em;top:15.7337em;"><span class="stl_26 stl_13 stl_56">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.6474em;"><span class="stl_341 stl_08 stl_27" style="word-spacing:-0.0343em;">Financial income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0138em;top:16.6474em;"><span class="stl_341 stl_08 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4894em;top:16.6474em;"><span class="stl_341 stl_08 stl_867">169  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:18.1243em;"><span class="stl_26 stl_13 stl_198" style="word-spacing:-0.0291em;">In 2021/22, Management remeasured the fair value of the milestone conditionally upon FDA clearance of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:18.8743em;"><span class="stl_26 stl_13 stl_250" style="word-spacing:-0.0302em;">the gastroscope by 31 December 2021. Since the FDA clearance was not obtained at this date, Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:19.6243em;"><span class="stl_26 stl_13 stl_148" style="word-spacing:-0.0299em;">ment remeasured the contingent consideration, leading to a financial income of DKK 137m. The deferred  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:20.3743em;"><span class="stl_26 stl_13 stl_92" style="word-spacing:-0.0329em;">contingent consideration related to the Invendo Medical GmbH acquisition was at 30 September 2022  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:21.1243em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">fully paid or lapsed.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3032em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:10.4899em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0487em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7713em;top:12.0487em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.9699em;"><span class="stl_26 stl_13 stl_498">Leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1138em;top:12.9699em;"><span class="stl_26 stl_13 stl_657">512  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3632em;top:12.9699em;"><span class="stl_26 stl_13 stl_763">516  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.8837em;"><span class="stl_341 stl_08 stl_328" style="word-spacing:-0.0423em;">Long-term interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9694em;top:13.8837em;"><span class="stl_341 stl_08 stl_468">512  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6282em;top:13.8837em;"><span class="stl_341 stl_08 stl_941">1,766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.3243em;"><span class="stl_26 stl_13 stl_498">Leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4188em;top:15.3243em;"><span class="stl_26 stl_13 stl_45">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6688em;top:15.3243em;"><span class="stl_26 stl_13 stl_62">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.238em;"><span class="stl_341 stl_08 stl_14" style="word-spacing:-0.0426em;">Short-term interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3351em;top:16.238em;"><span class="stl_341 stl_08 stl_110">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5857em;top:16.238em;"><span class="stl_341 stl_08 stl_570">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.6712em;"><span class="stl_341 stl_08 stl_525" style="word-spacing:-0.0418em;">Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9138em;top:17.6712em;"><span class="stl_341 stl_08 stl_137">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5626em;top:17.6712em;"><span class="stl_341 stl_08 stl_262">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:19.148em;"><span class="stl_26 stl_13 stl_437" style="word-spacing:-0.0341em;">The table below shows the composition of the Group’s net interest-bearing debt.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.6067em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3032em;top:20.5992em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:20.5992em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.1579em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0363em;">Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0244em;top:22.1579em;"><span class="stl_26 stl_13 stl_60">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7494em;top:22.1579em;"><span class="stl_26 stl_13 stl_263">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.0792em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9144em;top:23.0792em;"><span class="stl_26 stl_13 stl_877">-157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1663em;top:23.0792em;"><span class="stl_26 stl_13 stl_877">-187  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9929em;"><span class="stl_341 stl_08 stl_49" style="word-spacing:-0.042em;">Net interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9251em;top:23.9929em;"><span class="stl_341 stl_08 stl_464">427  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5726em;top:23.9929em;"><span class="stl_341 stl_08 stl_253">1,658  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0535em;top:10.4899em;"><span class="stl_341 stl_08 stl_465">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1144em;top:11.2399em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0938em;top:11.2399em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Cash flow</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.855em;top:11.2399em;"><span class="stl_341 stl_08 stl_42">Adjustments</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_1006">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4285em;top:11.2399em;"><span class="stl_341 stl_08 stl_325" style="word-spacing:-0.0282em;">of leases</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_240" style="word-spacing:-0.0484em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8308em;top:11.2399em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:12.7987em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3308em;top:12.7987em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.4202em;top:12.7987em;"><span class="stl_26 stl_13 stl_300">-1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9695em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2214em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4733em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:13.7199em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8708em;top:13.7199em;"><span class="stl_26 stl_13 stl_381">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2314em;top:13.7199em;"><span class="stl_26 stl_13 stl_1007">-63  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:13.7199em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.672em;top:13.7199em;"><span class="stl_26 stl_13 stl_77">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5514em;top:13.7199em;"><span class="stl_26 stl_13 stl_60">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1208em;top:14.6337em;"><span class="stl_341 stl_08 stl_262">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2564em;top:14.6337em;"><span class="stl_341 stl_08 stl_399">-1,313  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7608em;top:14.6337em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5977em;top:14.6337em;"><span class="stl_341 stl_08 stl_35">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4414em;top:14.6337em;"><span class="stl_341 stl_08 stl_137">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0535em;top:17.1852em;"><span class="stl_341 stl_08 stl_465">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:17.9424em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1258em;top:17.9349em;"><span class="stl_341 stl_08 stl_424">30.09.21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0939em;top:17.9349em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Cash flow</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.855em;top:17.9349em;"><span class="stl_341 stl_08 stl_42">Adjustments</span><sup style="top: -0.2079em;"><span class="stl_597 stl_08 stl_1006">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4285em;top:17.9352em;"><span class="stl_341 stl_08 stl_325" style="word-spacing:-0.0282em;">of leases</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_240" style="word-spacing:-0.0484em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.831em;top:17.9352em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7241em;top:19.4939em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8422em;top:19.4939em;"><span class="stl_26 stl_13 stl_98">550  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0985em;top:19.4939em;"><span class="stl_26 stl_13 stl_418">700  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9691em;top:19.4939em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.221em;top:19.4939em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0466em;top:19.4939em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7241em;top:20.4152em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8653em;top:20.4152em;"><span class="stl_26 stl_13 stl_209">273  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2641em;top:20.4152em;"><span class="stl_26 stl_13 stl_18">-52  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4391em;top:20.4152em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3141em;top:20.4152em;"><span class="stl_26 stl_13 stl_31">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5866em;top:20.4152em;"><span class="stl_26 stl_13 stl_381">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.7278em;top:21.3289em;"><span class="stl_341 stl_08 stl_418">823  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.9666em;top:21.3289em;"><span class="stl_341 stl_08 stl_465">648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3466em;top:21.3289em;"><span class="stl_341 stl_08 stl_58">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1885em;top:21.3289em;"><span class="stl_341 stl_08 stl_98">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8372em;top:21.3289em;"><span class="stl_341 stl_08 stl_205">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.7618em;"><sup style="top: -0.1665em;"><span class="stl_474 stl_13 stl_16" style="word-spacing:0.1788em;">1 </span></sup><span class="stl_473 stl_13 stl_440" style="word-spacing:-0.0618em;">Non-cash transactions.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.583em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:22.5755em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:22.5755em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.1343em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Interest expenses, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6919em;top:24.1343em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9694em;top:24.1343em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.0555em;"><span class="stl_26 stl_13 stl_491" style="word-spacing:-0.0415em;">Interest expenses, leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7269em;top:25.0555em;"><span class="stl_26 stl_13 stl_75">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9694em;top:25.0555em;"><span class="stl_26 stl_13 stl_74">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.9768em;"><span class="stl_26 stl_13 stl_267" style="word-spacing:-0.0417em;">Interest expenses, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:25.9768em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:25.9768em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.898em;"><span class="stl_26 stl_13 stl_32" style="word-spacing:-0.032em;">Foreign exchange loss, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6857em;top:26.898em;"><span class="stl_26 stl_13 stl_104">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:26.898em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.8193em;"><span class="stl_26 stl_13 stl_89" style="word-spacing:-0.0392em;">Effect of shorter discount period, acquisition of technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:27.8193em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:27.8193em;"><span class="stl_26 stl_13 stl_16">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.733em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0355em;">Financial expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6025em;top:28.733em;"><span class="stl_341 stl_08 stl_21">86  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8513em;top:28.733em;"><span class="stl_341 stl_08 stl_58">34  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.2024em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.9599em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.7099em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">currencies and amortisation of financial assets and liabilities, including leases. The timing effect and fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.4599em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">value adjustment of contingent consideration and the purchase price payable are classified under net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.2099em;"><span class="stl_26 stl_13 stl_343">financials.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.2024em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.9599em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.7099em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">currencies and amortisation of financial assets and liabilities, including leases. The timing effect and fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.4599em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">value adjustment of contingent consideration and the purchase price payable are classified under net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.2099em;"><span class="stl_26 stl_13 stl_343">financials.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.2024em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.9599em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.7099em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">currencies and amortisation of financial assets and liabilities, including leases. The timing effect and fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.4599em;"><span class="stl_26 stl_13 stl_60" style="word-spacing:-0.0349em;">value adjustment of contingent consideration and the purchase price payable are classified under net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.2099em;"><span class="stl_26 stl_13 stl_343">financials.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_420" style="word-spacing:-0.0377em;">4.5 Share capital and treasury shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5343em;"><span class="stl_578 stl_94 stl_309" style="word-spacing:-0.0432em;">Share capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_325" style="word-spacing:-0.0283em;">Ambu’s share capital is DKK 135m (DKK 129m), divided into two classes of shares with a nominal share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.0341em;">value of DKK 0.50. A Class A share carries 10 votes per share, while a Class B share carries one vote per  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">share. There is no difference between the economic rights pertaining to the individual share classes. All  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0338em;">shares are paid-up in full.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0312em;"><span class="stl_341 stl_08 stl_47" style="word-spacing:-0.0357em;">Development in number of shares:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.4964em;top:22.4899em;"><span class="stl_341 stl_08 stl_107" style="word-spacing:-0.0429em;">Class A shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.3089em;top:22.4899em;"><span class="stl_341 stl_08 stl_107" style="word-spacing:-0.0429em;">Class B shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5632em;top:22.4899em;"><span class="stl_341 stl_08 stl_267" style="word-spacing:-0.0416em;">Number of shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.4476em;top:23.553em;"><span class="stl_341 stl_08 stl_307" style="word-spacing:1.6797em;">2022/23 2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2426em;top:23.553em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.1889em;top:23.553em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0376em;top:23.553em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9839em;top:23.553em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:24.9999em;"><span class="stl_341 stl_08 stl_68" style="word-spacing:-0.04em;">Number of shares in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:25.7499em;"><span class="stl_341 stl_08 stl_531">thousands  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:26.6787em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0355em;">Number of shares issued,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:27.4287em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.03em;">beginning of year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.1557em;top:27.4287em;"><span class="stl_26 stl_13 stl_258">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.0532em;top:27.4287em;"><span class="stl_26 stl_13 stl_258">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.5989em;top:27.4287em;"><span class="stl_26 stl_13 stl_132">223,396  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4632em;top:27.4287em;"><span class="stl_26 stl_13 stl_261">223,384  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.532em;top:27.4287em;"><span class="stl_26 stl_13 stl_1005">257,716  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3757em;top:27.4287em;"><span class="stl_26 stl_13 stl_754">257,704  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:28.3499em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0376em;">Capital increase, private  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:29.0999em;"><span class="stl_26 stl_13 stl_92">placement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9839em;top:29.0999em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.8814em;top:29.0999em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.0614em;top:29.0999em;"><span class="stl_26 stl_13 stl_43">11</span><span class="stl_26 stl_13 stl_225">,</span><span class="stl_26 stl_13 stl_365">578  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6764em;top:29.0999em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8564em;top:29.0999em;"><span class="stl_26 stl_13 stl_43">11</span><span class="stl_26 stl_13 stl_225">,</span><span class="stl_26 stl_13 stl_365">578  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4714em;top:29.0999em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7226em;top:30.0212em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Capital increase, warrants  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9832em;top:30.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.8807em;top:30.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.7782em;top:30.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1751em;top:30.0212em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5739em;top:30.0212em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9707em;top:30.0212em;"><span class="stl_26 stl_13 stl_763">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:30.9349em;"><span class="stl_341 stl_08 stl_491" style="word-spacing:-0.0415em;">Number of shares issued  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:31.6849em;"><span class="stl_341 stl_08 stl_70" style="word-spacing:-0.0354em;">at end of year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.9101em;top:31.6849em;"><span class="stl_341 stl_08 stl_64">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.8076em;top:31.6849em;"><span class="stl_341 stl_08 stl_64">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.3732em;top:31.6849em;"><span class="stl_341 stl_08 stl_244">234,974  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2182em;top:31.6849em;"><span class="stl_341 stl_08 stl_128">223,396  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1657em;top:31.6849em;"><span class="stl_341 stl_08 stl_366">269,294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.1457em;top:31.6849em;"><span class="stl_341 stl_08 stl_866">257,716  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:10.8555em;"><span class="stl_341 stl_08 stl_28" style="word-spacing:-0.0402em;">Development in treasury shares:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.0242em;top:12.3148em;"><span class="stl_341 stl_08 stl_53" style="word-spacing:-0.0372em;">Nominal value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.4198em;top:12.3148em;"><span class="stl_341 stl_08 stl_97" style="word-spacing:-0.038em;">In %  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.9511em;top:13.0648em;"><span class="stl_341 stl_08 stl_149" style="word-spacing:-0.0251em;">No. ('000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.0773em;top:13.0648em;"><span class="stl_341 stl_08 stl_118">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.6673em;top:13.0648em;"><span class="stl_341 stl_08 stl_492" style="word-spacing:-0.0444em;">of share capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.1723em;top:14.1279em;"><span class="stl_341 stl_08 stl_307" style="word-spacing:1.6797em;">2022/23 2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.9673em;top:14.1279em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.9136em;top:14.1279em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.7623em;top:14.1279em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7086em;top:14.1279em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4479em;top:15.5748em;"><span class="stl_341 stl_08 stl_477" style="word-spacing:-0.0482em;">Number of treasury  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4479em;top:16.3248em;"><span class="stl_341 stl_08 stl_328" style="word-spacing:-0.0424em;">shares in thousands  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4479em;top:17.2535em;"><span class="stl_26 stl_13 stl_61" style="word-spacing:-0.0303em;">Treasury shares,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4479em;top:18.0035em;"><span class="stl_26 stl_13 stl_58" style="word-spacing:-0.03em;">beginning of year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.2511em;top:18.0035em;"><span class="stl_26 stl_13 stl_158">3,642  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.2004em;top:18.0035em;"><span class="stl_26 stl_13 stl_354">3,977  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.8042em;top:18.0035em;"><span class="stl_26 stl_13 stl_292">2.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.7017em;top:18.0035em;"><span class="stl_26 stl_13 stl_292">2.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0948em;top:18.0035em;"><span class="stl_26 stl_13 stl_803">1.4%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.9779em;top:18.0035em;"><span class="stl_26 stl_13 stl_244">1.5%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:18.9248em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Disposals, private place-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:19.6748em;"><span class="stl_26 stl_13 stl_401">ment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.6111em;top:19.6748em;"><span class="stl_26 stl_13 stl_415">-250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.6054em;top:19.6748em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.6204em;top:19.6748em;z-index:1701;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_1003">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4004em;top:19.6748em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9142em;top:19.6748em;z-index:1705;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_441">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1961em;top:19.6748em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:20.596em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Disposals, long-term  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:21.346em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0353em;">incentive schemes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.9623em;top:21.346em;"><span class="stl_26 stl_13 stl_98">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.6054em;top:21.346em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.6204em;top:21.346em;z-index:1754;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_1003">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4004em;top:21.346em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9142em;top:21.346em;z-index:1758;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_441">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1961em;top:21.346em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:22.2673em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">Disposals, employee  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:23.0173em;"><span class="stl_26 stl_13 stl_172" style="word-spacing:-0.0232em;">shares (matching shares)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.9717em;top:23.0173em;"><span class="stl_26 stl_13 stl_95">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.8329em;top:23.0173em;"><span class="stl_26 stl_13 stl_986">-66  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.5029em;top:23.0173em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4004em;top:23.0173em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.2979em;top:23.0173em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1954em;top:23.0173em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4467em;top:23.9385em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">Disposals, share options  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.6367em;top:23.9385em;"><span class="stl_26 stl_13 stl_840">-315  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.5323em;top:23.9385em;"><span class="stl_26 stl_13 stl_433">-269  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.5573em;top:23.9385em;"><span class="stl_26 stl_13 stl_391">-0.2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.3998em;top:23.9385em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9136em;top:23.9385em;z-index:1859;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_441">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8111em;top:23.9385em;z-index:1864;"><span class="stl_26 stl_13 stl_82">-0</span><span class="stl_26 stl_13 stl_1003">.</span><span class="stl_26 stl_13 stl_441">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4467em;top:24.8523em;"><span class="stl_341 stl_08 stl_86" style="word-spacing:-0.0369em;">Treasury shares,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4467em;top:25.6023em;"><span class="stl_341 stl_08 stl_37" style="word-spacing:-0.0347em;">end of year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0761em;top:25.6023em;"><span class="stl_341 stl_08 stl_130">2,993  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.9461em;top:25.6023em;"><span class="stl_341 stl_08 stl_37">3,642  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.7011em;top:25.6023em;"><span class="stl_341 stl_08 stl_366">1.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5692em;top:25.6023em;"><span class="stl_341 stl_08 stl_97">2.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0204em;top:25.6023em;"><span class="stl_341 stl_08 stl_1004">1.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8348em;top:25.6023em;"><span class="stl_341 stl_08 stl_245">1.4%  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:27.0717em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:27.8292em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Acquisition costs and consideration, as well as the dividend on treasury shares, are recognised directly in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:28.5792em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">retained earnings under equity. Proceeds from the sale of treasury shares and the issue of shares in Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:29.3292em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0377em;">A/S, in connection with the exercise of share options, and from the sale of employee shares or warrants,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:30.0792em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">are taken directly to equity.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:27.0717em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:27.8292em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Acquisition costs and consideration, as well as the dividend on treasury shares, are recognised directly in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:28.5792em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.036em;">retained earnings under equity. Proceeds from the sale of treasury shares and the issue of shares in Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:29.3292em;"><span class="stl_26 stl_13 stl_420" style="word-spacing:-0.0377em;">A/S, in connection with the exercise of share options, and from the sale of employee shares or warrants,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:30.0792em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0367em;">are taken directly to equity.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_27" style="word-spacing:-0.0344em;">4.6 Cash flows from financial liabilities classified as financing activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0535em;top:10.4899em;"><span class="stl_341 stl_08 stl_465">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1144em;top:11.2399em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0938em;top:11.2399em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Cash flow</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.855em;top:11.2399em;"><span class="stl_341 stl_08 stl_42">Adjustments</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_1006">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4285em;top:11.2399em;"><span class="stl_341 stl_08 stl_325" style="word-spacing:-0.0282em;">of leases</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_240" style="word-spacing:-0.0484em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8308em;top:11.2399em;"><span class="stl_341 stl_08 stl_140">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:12.7987em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3308em;top:12.7987em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.4202em;top:12.7987em;"><span class="stl_26 stl_13 stl_300">-1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9695em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2214em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4733em;top:12.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:13.7199em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8708em;top:13.7199em;"><span class="stl_26 stl_13 stl_381">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2314em;top:13.7199em;"><span class="stl_26 stl_13 stl_1007">-63  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:13.7199em;"><span class="stl_26 stl_13 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.672em;top:13.7199em;"><span class="stl_26 stl_13 stl_77">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5514em;top:13.7199em;"><span class="stl_26 stl_13 stl_60">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1208em;top:14.6337em;"><span class="stl_341 stl_08 stl_262">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.2564em;top:14.6337em;"><span class="stl_341 stl_08 stl_399">-1,313  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7608em;top:14.6337em;"><span class="stl_341 stl_08 stl_16">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5977em;top:14.6337em;"><span class="stl_341 stl_08 stl_35">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4414em;top:14.6337em;"><span class="stl_341 stl_08 stl_137">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0535em;top:17.1852em;"><span class="stl_341 stl_08 stl_465">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:17.9424em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1258em;top:17.9349em;"><span class="stl_341 stl_08 stl_424">30.09.21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0939em;top:17.9349em;"><span class="stl_341 stl_08 stl_112" style="word-spacing:-0.0453em;">Cash flow</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.855em;top:17.9349em;"><span class="stl_341 stl_08 stl_42">Adjustments</span><sup style="top: -0.2079em;"><span class="stl_597 stl_08 stl_1006">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.4285em;top:17.9352em;"><span class="stl_341 stl_08 stl_325" style="word-spacing:-0.0282em;">of leases</span><sup style="top: -0.2081em;"><span class="stl_597 stl_08 stl_240" style="word-spacing:-0.0484em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.831em;top:17.9352em;"><span class="stl_341 stl_08 stl_140">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7241em;top:19.4939em;"><span class="stl_26 stl_13 stl_30">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8422em;top:19.4939em;"><span class="stl_26 stl_13 stl_98">550  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.0985em;top:19.4939em;"><span class="stl_26 stl_13 stl_418">700  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9691em;top:19.4939em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.221em;top:19.4939em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0466em;top:19.4939em;"><span class="stl_26 stl_13 stl_103">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7241em;top:20.4152em;"><span class="stl_26 stl_13 stl_349" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8653em;top:20.4152em;"><span class="stl_26 stl_13 stl_209">273  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2641em;top:20.4152em;"><span class="stl_26 stl_13 stl_18">-52  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4391em;top:20.4152em;"><span class="stl_26 stl_13 stl_354">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3141em;top:20.4152em;"><span class="stl_26 stl_13 stl_31">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5866em;top:20.4152em;"><span class="stl_26 stl_13 stl_381">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.7278em;top:21.3289em;"><span class="stl_341 stl_08 stl_418">823  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.9666em;top:21.3289em;"><span class="stl_341 stl_08 stl_465">648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3466em;top:21.3289em;"><span class="stl_341 stl_08 stl_58">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1885em;top:21.3289em;"><span class="stl_341 stl_08 stl_98">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8372em;top:21.3289em;"><span class="stl_341 stl_08 stl_205">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.7618em;"><sup style="top: -0.1665em;"><span class="stl_474 stl_13 stl_16" style="word-spacing:0.1788em;">1 </span></sup><span class="stl_473 stl_13 stl_440" style="word-spacing:-0.0618em;">Non-cash transactions.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:28.3137em;"><span class="stl_341 stl_08 stl_64" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:29.0712em;"><span class="stl_26 stl_13 stl_386" style="word-spacing:-0.0336em;">Provisions are recognised when the Group, as a result of an event having occurred before or on the bal-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:29.8212em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">ance sheet date, has incurred a legal or actual liability, and it is probable that economic benefits will flow  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:30.5712em;"><span class="stl_26 stl_13 stl_465" style="word-spacing:-0.0389em;">from the Group in order to settle the liability. If the effect of the time value of money is significant, provi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:31.3212em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">sions are discounted using a pre-tax discount rate. When applying a discount rate, the change in provi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:32.0712em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">sions, due to the timing, is recognised as a financial cost.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:26.1662em;"><span class="stl_341 stl_08 stl_420" style="word-spacing:-0.0376em;">§ Accounting policy  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:26.9237em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">The fair value of Ambu’s share-based payment is expensed on an accrual basis. Fair value of equity-based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:27.6737em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">schemes at the time of allocation is calculated according to recognised valuation models or methods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:28.4237em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0381em;">This value is expensed over the service period for each of the respective schemes and is taken to equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:29.1737em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">On recognition of the fair value during the service period, account is taken of the number of employees  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:29.9237em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">who are expected to obtain a final right to the scheme, including the conditions to which the allocation is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:30.6737em;"><span class="stl_26 stl_13 stl_48" style="word-spacing:-0.0393em;">subject. This estimate is reassessed at the end of each reporting period, so that only the number of rights  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:31.4237em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">expected to be vested are recognised. Adjustments relating to previous periods are recognised in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:32.1737em;"><span class="stl_26 stl_13 stl_52" style="word-spacing:-0.0348em;">period in which the adjustment is made. The fair value per unit does not change.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:33.6737em;"><span class="stl_26 stl_13 stl_579" style="word-spacing:-0.0356em;">PSUs that are settled in cash are taken to liabilities, instead of equity, and the fair value adjustment of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:34.4237em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">respective scheme at end of the period is expensed to the income statement. This includes any changes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:35.1737em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">in the quoted price of the Ambu B-share on Nasdaq Copenhagen.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_259 stl_08 stl_58" style="word-spacing:-0.0299em;">5.3 Fee to auditors appointed by the Annual General Meeting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6844em;top:10.4899em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.985em;top:10.4899em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">Audit fee  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:12.0487em;"><span class="stl_26 stl_13 stl_16">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0404em;">Other assurance engagements  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:12.9699em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8912em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">Tax consultancy services  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:13.8912em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:13.8912em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.8124em;"><span class="stl_26 stl_13 stl_506" style="word-spacing:-0.0498em;">Other services  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:14.8124em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:14.8124em;"><span class="stl_26 stl_13 stl_16">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7262em;"><span class="stl_341 stl_08 stl_206" style="word-spacing:-0.0266em;">Total fees  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0132em;top:15.7262em;"><span class="stl_341 stl_08 stl_16">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.265em;top:15.7262em;"><span class="stl_341 stl_08 stl_16">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.203em;"><span class="stl_26 stl_13 stl_68" style="word-spacing:-0.0401em;">Fee for non-audit services provided to the Group by EY Statsautoriseret Revisionspartnerselskab, Den-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.953em;"><span class="stl_26 stl_13 stl_564" style="word-spacing:-0.0308em;">mark, amounted to DKK 1m (DKK 1m), relating mainly to tax compliance and other assurance assess-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.703em;"><span class="stl_26 stl_13 stl_517" style="word-spacing:-0.0494em;">ments and reports.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0369em;"><span class="stl_259 stl_08 stl_223" style="word-spacing:-0.0276em;">5.4 Group companies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.3497em;"><span class="stl_26 stl_13 stl_47" style="word-spacing:-0.0357em;">This note shows the legal entities which are consolidated in the consolidated financial statements.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.0997em;"><span class="stl_26 stl_13 stl_27" style="word-spacing:-0.0343em;">All entities have a 100% ownership interest.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1808em;top:24.5509em;"><span class="stl_341 stl_08 stl_519">Activity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0657em;top:25.6215em;"><span class="stl_26 stl_13 stl_159">Produc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:26.2809em;"><span class="stl_341 stl_08 stl_248">Company  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9527em;top:26.2809em;"><span class="stl_341 stl_08 stl_479" style="word-spacing:-0.051em;">Reg. office  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.677em;top:26.2809em;"><span class="stl_341 stl_08 stl_117">Currency  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0033em;top:26.2884em;"><span class="stl_26 stl_13 stl_256">Sales</span><sup style="top: -0.2084em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:1.974em;">1 </span></sup><span class="stl_26 stl_13 stl_90">tion</span><sup style="top: -0.2083em;"><span class="stl_302 stl_13 stl_318">2  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.9225em;top:26.2882em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:1.0137em;">R&amp;D Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.225em;"><span class="stl_435 stl_436 stl_159" style="word-spacing:-0.029em;">Parent company:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.1225em;"><span class="stl_26 stl_13 stl_681" style="word-spacing:-0.056em;">Ambu A/S  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9525em;top:29.1225em;"><span class="stl_26 stl_13 stl_59">Denmark  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6769em;top:29.1225em;"><span class="stl_26 stl_13 stl_364">DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.7194em;top:29.1225em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0819em;top:29.1225em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.4444em;top:29.1225em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8069em;top:29.1225em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:30.9182em;"><span class="stl_435 stl_436 stl_159">Subsidiaries:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:31.8157em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">Ambu Australia Pty. Ltd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9532em;top:31.8157em;"><span class="stl_26 stl_13 stl_48">Australia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6775em;top:31.8157em;"><span class="stl_26 stl_13 stl_18">AUD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.72em;top:31.8157em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.7132em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">Ambu Healthcare Solutions Canada Inc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9525em;top:32.7132em;"><span class="stl_26 stl_13 stl_97">Canada  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6769em;top:32.7132em;"><span class="stl_26 stl_13 stl_800">CAD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.7194em;top:32.7132em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:33.6107em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Ambu Ltd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9519em;top:33.6107em;"><span class="stl_26 stl_13 stl_58">China  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6763em;top:33.6107em;"><span class="stl_26 stl_13 stl_364">CNY  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0813em;top:33.6107em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.4438em;top:33.6107em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:34.5082em;"><span class="stl_26 stl_13 stl_18" style="word-spacing:-0.022em;">Ambu (Xiamen) Trading Co., Ltd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9519em;top:34.5082em;"><span class="stl_26 stl_13 stl_58">China  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6763em;top:34.5082em;"><span class="stl_26 stl_13 stl_364">CNY  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.7188em;top:34.5082em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7231em;top:35.4057em;"><span class="stl_26 stl_13 stl_329" style="word-spacing:-0.0456em;">Ambu Nordic A/S  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9513em;top:35.4057em;"><span class="stl_26 stl_13 stl_59">Denmark  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6757em;top:35.4057em;"><span class="stl_26 stl_13 stl_364">DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.805em;top:35.4057em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7231em;top:36.3032em;"><span class="stl_26 stl_13 stl_306" style="word-spacing:-0.0461em;">Ambu Operations A/S  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9513em;top:36.3032em;"><span class="stl_26 stl_13 stl_59">Denmark  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6756em;top:36.3032em;"><span class="stl_26 stl_13 stl_111">USD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0806em;top:36.3032em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7231em;top:37.2007em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">Ambu Rusland Holding ApS  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9513em;top:37.2007em;"><span class="stl_26 stl_13 stl_59">Denmark  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.6756em;top:37.2007em;"><span class="stl_26 stl_13 stl_364">DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.805em;top:37.2007em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.905em;top:10.5081em;"><span class="stl_341 stl_08 stl_519">Activity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.7898em;top:11.5787em;"><span class="stl_26 stl_13 stl_159">Produc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.2381em;"><span class="stl_341 stl_08 stl_248">Company  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6769em;top:12.2381em;"><span class="stl_341 stl_08 stl_479" style="word-spacing:-0.051em;">Reg. office  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4012em;top:12.2381em;"><span class="stl_341 stl_08 stl_117">Currency  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.7275em;top:12.2456em;"><span class="stl_26 stl_13 stl_256">Sales</span><sup style="top: -0.2084em;"><span class="stl_302 stl_13 stl_16" style="word-spacing:1.974em;">1 </span></sup><span class="stl_26 stl_13 stl_90">tion</span><sup style="top: -0.2083em;"><span class="stl_302 stl_13 stl_318">2  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.6467em;top:12.2453em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:1.0137em;">R&amp;D Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4486em;top:14.1822em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.038em;">Ambu Sarl  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6767em;top:14.1822em;"><span class="stl_26 stl_13 stl_58">France  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4011em;top:14.1822em;"><span class="stl_26 stl_13 stl_200">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4436em;top:14.1822em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:15.0797em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0387em;">Ambu GmbH  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6761em;top:15.0797em;"><span class="stl_26 stl_13 stl_349">Germany  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4005em;top:15.0797em;"><span class="stl_26 stl_13 stl_200">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.443em;top:15.0797em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:15.9772em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">Ambu Innovation GmbH  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6755em;top:15.9772em;"><span class="stl_26 stl_13 stl_349">Germany  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3998em;top:15.9772em;"><span class="stl_26 stl_13 stl_200">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.1673em;top:15.9772em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4473em;top:16.8747em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0346em;">Ambu India Private Limited  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6755em;top:16.8747em;"><span class="stl_26 stl_13 stl_248">India  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3998em;top:16.8747em;"><span class="stl_26 stl_13 stl_359">INR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4423em;top:16.8747em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4467em;top:17.7722em;"><span class="stl_26 stl_13 stl_152" style="word-spacing:-0.0212em;">Ambu s.r.l.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6748em;top:17.7722em;"><span class="stl_26 stl_13 stl_490">Italy  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3992em;top:17.7722em;"><span class="stl_26 stl_13 stl_200">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4417em;top:17.7722em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4461em;top:18.6697em;"><span class="stl_26 stl_13 stl_96" style="word-spacing:-0.0435em;">Ambu KK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6742em;top:18.6697em;"><span class="stl_26 stl_13 stl_200">Japan  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3986em;top:18.6697em;"><span class="stl_26 stl_13 stl_377">JPY  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4411em;top:18.6697em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4455em;top:19.5672em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0347em;">Ambu Sdn. Bhd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6736em;top:19.5672em;"><span class="stl_26 stl_13 stl_401">Malaysia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.398em;top:19.5672em;"><span class="stl_26 stl_13 stl_368">MYR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.803em;top:19.5672em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4455em;top:20.4647em;"><span class="stl_26 stl_13 stl_325" style="word-spacing:-0.0283em;">Ambu Innovation (Malaysia) Sdn. Bhd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6736em;top:20.4647em;"><span class="stl_26 stl_13 stl_401">Malaysia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.398em;top:20.4647em;"><span class="stl_26 stl_13 stl_368">MYR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.1655em;top:20.4647em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4455em;top:21.3622em;"><span class="stl_26 stl_13 stl_344" style="word-spacing:-0.0405em;">Ambu Sales &amp; Services Sdn. Bhd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6736em;top:21.3622em;"><span class="stl_26 stl_13 stl_401">Malaysia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.398em;top:21.3622em;"><span class="stl_26 stl_13 stl_368">MYR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4405em;top:21.3622em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4448em;top:22.2597em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">Ambu Mexico Operations S. A. DE C. V.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.673em;top:22.2597em;"><span class="stl_26 stl_13 stl_59">Mexico  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3973em;top:22.2597em;"><span class="stl_26 stl_13 stl_29">MXN  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8023em;top:22.2597em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4448em;top:23.1572em;"><span class="stl_26 stl_13 stl_188" style="word-spacing:0.0053em;">Ambu B.V.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.673em;top:23.1572em;"><span class="stl_26 stl_13 stl_327">Netherlands  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3973em;top:23.1572em;"><span class="stl_26 stl_13 stl_200">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4398em;top:23.1572em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4442em;top:24.0547em;"><span class="stl_26 stl_13 stl_88" style="word-spacing:-0.0339em;">Ambu New Zealand Pty. Ltd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6723em;top:24.0547em;"><span class="stl_26 stl_13 stl_148" style="word-spacing:-0.0298em;">New Zealand</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.391em;top:24.0547em;"><span class="stl_26 stl_13 stl_36">NZD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4392em;top:24.0547em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4436em;top:24.9522em;"><span class="stl_26 stl_13 stl_121" style="word-spacing:-0.0288em;">Ambu LLC  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6717em;top:24.9522em;"><span class="stl_26 stl_13 stl_59">Russia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3961em;top:24.9522em;"><span class="stl_26 stl_13 stl_417">RUB  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5255em;top:24.9522em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4436em;top:25.8497em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">Firma Ambu, S.L.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6717em;top:25.8497em;"><span class="stl_26 stl_13 stl_159">Spain  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3961em;top:25.8497em;"><span class="stl_26 stl_13 stl_200">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4386em;top:25.8497em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.443em;top:26.7472em;"><span class="stl_26 stl_13 stl_36" style="word-spacing:-0.026em;">Ambu AG  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6711em;top:26.7472em;"><span class="stl_26 stl_13 stl_86">Switzerland  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3955em;top:26.7472em;"><span class="stl_26 stl_13 stl_490">CHF  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.438em;top:26.7472em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4423em;top:27.6447em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Ambu Ltd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6705em;top:27.6447em;"><span class="stl_26 stl_13 stl_80">UK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3948em;top:27.6447em;"><span class="stl_26 stl_13 stl_77">GBP  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4373em;top:27.6447em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4417em;top:28.5422em;"><span class="stl_26 stl_13 stl_310" style="word-spacing:-0.0403em;">Ambu Inc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6698em;top:28.5422em;"><span class="stl_26 stl_13 stl_69">USA  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3942em;top:28.5422em;"><span class="stl_26 stl_13 stl_111">USD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.4367em;top:28.5422em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4411em;top:29.4397em;"><span class="stl_26 stl_13 stl_53" style="word-spacing:-0.0372em;">King Systems Holding Inc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6692em;top:29.4397em;"><span class="stl_26 stl_13 stl_69">USA  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3936em;top:29.4397em;"><span class="stl_26 stl_13 stl_111">USD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.523em;top:29.4397em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4411em;top:30.3372em;"><span class="stl_26 stl_13 stl_54" style="word-spacing:-0.0374em;">King Systems Corp.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6692em;top:30.3372em;"><span class="stl_26 stl_13 stl_69">USA  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.3936em;top:30.3372em;"><span class="stl_26 stl_13 stl_111">USD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.7986em;top:30.3372em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.1611em;top:30.3372em;"><span class="stl_26 stl_13 stl_16">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:31.7322em;"><sup style="top: -0.1665em;"><span class="stl_474 stl_13 stl_16" style="word-spacing:0.1788em;">1 </span></sup><span class="stl_473 stl_13 stl_475" style="word-spacing:-0.0531em;">Sales include promotional activities.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:32.3155em;"><sup style="top: -0.1665em;"><span class="stl_474 stl_13 stl_16" style="word-spacing:0.1788em;">2 </span></sup><span class="stl_473 stl_13 stl_517" style="word-spacing:-0.0494em;">Production includes the purchase of goods for resale and the coordination thereof.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_259 stl_08 stl_87" style="word-spacing:-0.0319em;">5.5 Contingent liabilities and other contractual liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5343em;"><span class="stl_578 stl_94 stl_331" style="word-spacing:-0.0384em;">Contingent liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0351em;">Ambu’s ongoing operations and the use of Ambu’s products in hospitals and clinics, etc., involve a gen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0386em;">eral risk of claims for damages and sanctions against Ambu. The risk is deemed to be customary for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_26 stl_13 stl_89">industry.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_26 stl_13 stl_59" style="word-spacing:-0.0364em;">Ambu is involved, from time to time, in disputes with customers and patients about Ambu’s products.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0359em;">Appropriate provisions are made on an ongoing basis, and product liability insurance has been taken out.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">The Management believes that the likely outcomes of these disputes can be covered by the provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;z-index:700;"><span class="stl_26 stl_13 stl_200" style="word-spacing:-0.0331em;">made and recognised in the balance sheet at 30 Sept</span><span class="stl_26 stl_13 stl_171" style="word-spacing:-0.0237em;">ember 202</span><span class="stl_26 stl_13 stl_64" style="word-spacing:-0.0352em;">3. For a more detailed description of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.1185em;z-index:804;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">Group’s risks, see the ‘Risk management’ section on </span><span class="stl_580 stl_94 stl_885" style="word-spacing:-0.061em;">p. 97-101</span><span class="stl_583 stl_101 stl_592" style="word-spacing:-0.0482em;">→  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7843em;"><span class="stl_578 stl_94 stl_501" style="word-spacing:-0.0437em;">Other contractual liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_26 stl_13 stl_498" style="word-spacing:-0.0396em;">A change-of-control clause exists in respect of committed borrowing facilities, which constitute the main  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">part of Ambu’s loan financing. Change-of-control remuneration to members of the Executive Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0354em;">ment is subject to a maximum value corresponding to two years’ remuneration.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:14.2399em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:14.2399em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7987em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Proposed dividend for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:15.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1976em;top:15.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.7199em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Transferred to distributable reserves  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0663em;top:16.7199em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6557em;top:16.7199em;"><span class="stl_26 stl_13 stl_36">93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9494em;top:17.6337em;"><span class="stl_341 stl_08 stl_351">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5757em;top:17.6337em;"><span class="stl_341 stl_08 stl_58">93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.0743em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Dividend per share in DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8532em;top:19.0743em;"><span class="stl_26 stl_13 stl_466">0.00  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1051em;top:19.0743em;"><span class="stl_26 stl_13 stl_466">0.00  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.9955em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">Pay-out ratio, in % of net profit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.2307em;top:19.9955em;"><span class="stl_26 stl_13 stl_377">0%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4826em;top:19.9955em;"><span class="stl_26 stl_13 stl_377">0%  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2474em;"><span class="stl_26 stl_13 stl_10">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4088em;top:14.2399em;"><span class="stl_341 stl_08 stl_496">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.7094em;top:14.2399em;"><span class="stl_341 stl_08 stl_570">2021/22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7987em;"><span class="stl_26 stl_13 stl_35" style="word-spacing:-0.034em;">Proposed dividend for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:15.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1976em;top:15.7987em;"><span class="stl_26 stl_13 stl_16">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.7199em;"><span class="stl_26 stl_13 stl_42" style="word-spacing:-0.0385em;">Transferred to distributable reserves  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0663em;top:16.7199em;"><span class="stl_26 stl_13 stl_384">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6557em;top:16.7199em;"><span class="stl_26 stl_13 stl_36">93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9494em;top:17.6337em;"><span class="stl_341 stl_08 stl_351">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5757em;top:17.6337em;"><span class="stl_341 stl_08 stl_58">93  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.0743em;"><span class="stl_26 stl_13 stl_51" style="word-spacing:-0.0368em;">Dividend per share in DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8532em;top:19.0743em;"><span class="stl_26 stl_13 stl_466">0.00  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1051em;top:19.0743em;"><span class="stl_26 stl_13 stl_466">0.00  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.9955em;"><span class="stl_26 stl_13 stl_377" style="word-spacing:-0.0361em;">Pay-out ratio, in % of net profit  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.2307em;top:19.9955em;"><span class="stl_26 stl_13 stl_377">0%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4826em;top:19.9955em;"><span class="stl_26 stl_13 stl_377">0%  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.1983em;"><span class="stl_259 stl_08 stl_52" style="word-spacing:-0.0347em;">5.6 Related parties  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.5111em;"><span class="stl_26 stl_13 stl_37" style="word-spacing:-0.0345em;">The Group’s related parties include the company’s Board of Directors and Executive Management and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.2611em;"><span class="stl_26 stl_13 stl_327" style="word-spacing:-0.0378em;">members of their families. Related parties, furthermore, include enterprises in which the aforementioned  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.0111em;"><span class="stl_26 stl_13 stl_30" style="word-spacing:-0.0387em;">persons have a significant interest.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.5111em;"><span class="stl_26 stl_13 stl_261" style="word-spacing:-0.0315em;">During the year, no transactions, except for payment of the Management’s remuneration (notes 2.3 and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.2611em;"><span class="stl_26 stl_13 stl_86" style="word-spacing:-0.0371em;">5.2) and ordinary dividend payments, took place with the Board of Directors, Executive Management,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.0111em;"><span class="stl_26 stl_13 stl_97" style="word-spacing:-0.0378em;">major shareholders or other related parties.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.1707em;"><span class="stl_259 stl_08 stl_171" style="word-spacing:-0.0239em;">5.7 Subsequent events  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.4836em;"><span class="stl_26 stl_13 stl_70" style="word-spacing:-0.0353em;">No material events have occurred in the period between the end of the financial year and the Board of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.2336em;"><span class="stl_26 stl_13 stl_331" style="word-spacing:-0.0383em;">Directors’ approval of the Annual Report.  </span></div> Ambu A/S Baltorpbakken 13 DK-2750 Ballerup Denmark Denmark Denmark