5299008W2A69WX355710 2023-10-01 2024-09-30 5299008W2A69WX355710 2022-10-01 2023-09-30 5299008W2A69WX355710 2023-09-30 5299008W2A69WX355710 2024-09-30 5299008W2A69WX355710 2022-09-30 5299008W2A69WX355710 2023-09-30 5299008W2A69WX355710 2023-09-30 ifrs-full:IssuedCapitalMember 5299008W2A69WX355710 2023-09-30 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 5299008W2A69WX355710 2023-09-30 ifrs-full:RetainedEarningsMember 5299008W2A69WX355710 2023-09-30 ambu:ProposedDividendsMember 5299008W2A69WX355710 2023-10-01 2024-09-30 ifrs-full:IssuedCapitalMember 5299008W2A69WX355710 2023-10-01 2024-09-30 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 5299008W2A69WX355710 2023-10-01 2024-09-30 ifrs-full:RetainedEarningsMember 5299008W2A69WX355710 2023-10-01 2024-09-30 ambu:ProposedDividendsMember 5299008W2A69WX355710 2024-09-30 ifrs-full:IssuedCapitalMember 5299008W2A69WX355710 2024-09-30 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 5299008W2A69WX355710 2024-09-30 ifrs-full:RetainedEarningsMember 5299008W2A69WX355710 2024-09-30 ambu:ProposedDividendsMember 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 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 2023-09-30 ambu:ProposedDividendsMember 5299008W2A69WX355710 2023-09-30 ifrs-full:IssuedCapitalMember 5299008W2A69WX355710 2023-09-30 ifrs-full:RetainedEarningsMember 5299008W2A69WX355710 2023-09-30 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember iso4217:DKK iso4217:DKK xbrli:shares Ambu is a global medical technology company that  develops, produces and sells innovative solutions across  the fields of single-use endoscopy, anaesthesia and  patient monitoring 5391000000 2190000000 3201000000 4775000000 2062000000 2713000000 235000000 168000000 1571000000 325000000 660000000 645000000 1522000000 295000000 594000000 302000000 -66000000 -168000000 -66000000 -168000000 169000000 0 334000000 8000000 311000000 294000000 16000000 27000000 300000000 2000000 86000000 210000000 65000000 42000000 235000000 168000000 0.88 0.88 0.64 0.64 459000000 -30000000 235000000 168000000 157000000 -1000000 615000000 187000000 0 157000000 65000000 -11000000 696000000 26000000 111000000 -3000000 14000000 42000000 -84000000 348000000 17000000 21000000 0 1000000 265000000 350000000 615000000 157000000 0 157000000 30000000 90000000 813000000 64000000 57000000 518000000 201000000 88000000 -289000000 255000000 71000000 -326000000 524000000 192000000 0 0 325000000 1575000000 63000000 65000000 0 14000000 0 0 23000000 1054000000 -222000000 -65000000 1527000000 376000000 905000000 72000000 350000000 1565000000 643000000 888000000 71000000 444000000 135000000 5459000000 5594000000 135000000 5258000000 5393000000 4000000 14000000 483000000 501000000 3000000 9000000 512000000 524000000 3230000000 3611000000 582000000 545000000 160000000 584000000 571000000 85000000 6000000 75000000 490000000 49000000 439000000 1059000000 9000000 72000000 359000000 10000000 492000000 942000000 4517000000 4851000000 1078000000 745000000 44000000 907000000 766000000 44000000 40000000 112000000 3000000 50000000 73000000 11000000 1560000000 7154000000 1466000000 6859000000 615000000 2637000000 157000000 2008000000 7154000000 6859000000 135000000 211000000 5047000000 0 5393000000 0 0 133000000 102000000 235000000 0 0 -66000000 -66000000 0 0 -66000000 169000000 133000000 102000000 0 0 0 0 0 0 0 26000000 -6000000 0 0 0 0 26000000 -6000000 135000000 145000000 5212000000 102000000 5594000000 129000000 379000000 3753000000 0 4261000000 0 0 0 0 -168000000 -168000000 168000000 0 168000000 0 0 0 168000000 -168000000 0 0 0 0 0 0 0 0 0 0 0 0 0 15000000 -26000000 14000000 23000000 0 0 0 0 0 0 0 0 15000000 -26000000 14000000 23000000 6000000 135000000 1048000000 5047000000 1054000000 5393000000 211000000 <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_224 stl_08 stl_261" 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:10.5387em;"><span class="stl_46 stl_12 stl_206" 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:11.2887em;"><span class="stl_46 stl_12 stl_28" 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:12.0387em;"><span class="stl_46 stl_12 stl_291" 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:12.7887em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">each of the individual notes related to the consoli-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0395em;">dated financial statements.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_46 stl_12 stl_117" 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:15.7887em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">sented in accordance with IFRS accounting stand-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">ards as adopted by the EU and additional require-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">ments in the Danish Financial Statements Act. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0295em;">Group’s ultimate parent company, Ambu A/S, is a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0302em;">public limited company, domiciled in Denmark.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">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:21.0387em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0402em;">Ambu A/S, are presented separately from the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_46 stl_12 stl_94" 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:22.5387em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">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:23.2887em;"><span class="stl_46 stl_12 stl_51" 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:24.0387em;"><span class="stl_46 stl_12 stl_113" 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:24.7887em;"><span class="stl_46 stl_12 stl_150" style="word-spacing:-0.0228em;">parent company.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_46 stl_12 stl_314" 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:27.0387em;"><span class="stl_46 stl_12 stl_309" 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:27.7887em;"><span class="stl_46 stl_12 stl_117" 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:28.5387em;"><span class="stl_46 stl_12 stl_291" 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:29.2887em;"><span class="stl_46 stl_12 stl_497" 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:30.7812em;"><span class="stl_316 stl_08 stl_517" 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:31.5387em;"><span class="stl_46 stl_12 stl_117" 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:32.2887em;"><span class="stl_46 stl_12 stl_56" 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:33.0387em;"><span class="stl_46 stl_12 stl_29" 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:33.7887em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">to the nearest million, unless otherwise stated. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.5387em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">annual report has been prepared in accordance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2887em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">with the historical cost principle, except for deriv-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.0387em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">ative financial instruments, which are measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.7887em;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0332em;">fair value.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.5312em;"><span class="stl_316 stl_08 stl_453" 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:11.2887em;"><span class="stl_46 stl_12 stl_116" 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:12.0387em;"><span class="stl_46 stl_12 stl_28" 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:12.7887em;"><span class="stl_46 stl_12 stl_94" 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:13.5387em;"><span class="stl_46 stl_12 stl_29" 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:14.2887em;"><span class="stl_46 stl_12 stl_76" 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:15.0387em;"><span class="stl_46 stl_12 stl_116" 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:15.7887em;"><span class="stl_46 stl_12 stl_81" 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:16.5387em;"><span class="stl_46 stl_12 stl_48" 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:17.2887em;"><span class="stl_46 stl_12 stl_59" 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:18.7887em;"><span class="stl_46 stl_12 stl_29" 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:19.5387em;"><span class="stl_46 stl_12 stl_309" 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:20.2887em;"><span class="stl_46 stl_12 stl_485" 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:21.0387em;"><span class="stl_46 stl_12 stl_310" 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:21.7887em;"><span class="stl_46 stl_12 stl_315" 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:22.5387em;"><span class="stl_46 stl_12 stl_65" 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:24.0312em;"><span class="stl_316 stl_08 stl_517" 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:24.7812em;"><span class="stl_316 stl_08 stl_322" 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:25.5387em;"><span class="stl_46 stl_12 stl_315" 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:26.2887em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0394em;">ments, in conformity with IFRS, requires Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:27.0387em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">ment to make estimates and assumptions that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:27.7887em;"><span class="stl_46 stl_12 stl_60" 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:28.5387em;"><span class="stl_46 stl_12 stl_28" 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:29.2887em;"><span class="stl_46 stl_12 stl_56" 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:30.7887em;"><span class="stl_46 stl_12 stl_321" 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:31.5387em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">experience and various other assumptions that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:32.2887em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0337em;">are believed to be reasonable under the circum-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:33.0387em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0397em;">stances, the results of which form the basis for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:33.7887em;"><span class="stl_46 stl_12 stl_64" style="word-spacing:-0.042em;">making judgements about the reported carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.5387em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0393em;">amounts of assets and liabilities, and the reported  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:35.2887em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">amounts of revenues and expenses that may not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.0387em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">be readily apparent from other sources. Actual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.7887em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0417em;">results could differ from those estimates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.5387em;"><span class="stl_46 stl_12 stl_34" 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:11.2887em;"><span class="stl_46 stl_12 stl_27" 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:12.0387em;"><span class="stl_46 stl_12 stl_558" 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:12.7887em;"><span class="stl_46 stl_12 stl_315" 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:13.5387em;"><span class="stl_46 stl_12 stl_80" 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:14.2887em;"><span class="stl_46 stl_12 stl_80" 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:15.0387em;"><span class="stl_46 stl_12 stl_27" 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:16.5387em;"><span class="stl_46 stl_12 stl_497" style="word-spacing:-0.0316em;">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:17.2887em;"><span class="stl_46 stl_12 stl_118" 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:18.0387em;"><span class="stl_46 stl_12 stl_322" 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:18.7887em;"><span class="stl_46 stl_12 stl_74" 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:19.5387em;"><span class="stl_46 stl_12 stl_95" 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:20.2887em;"><span class="stl_46 stl_12 stl_94" 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:21.0387em;"><span class="stl_46 stl_12 stl_309" 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:21.7887em;"><span class="stl_46 stl_12 stl_13" 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:22.5387em;"><span class="stl_46 stl_12 stl_28" 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:23.2887em;"><span class="stl_46 stl_12 stl_116" 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:24.7887em;"><span class="stl_46 stl_12 stl_113" 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:25.5387em;"><span class="stl_46 stl_12 stl_318" 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:26.2887em;"><span class="stl_46 stl_12 stl_34" 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:27.0387em;"><span class="stl_46 stl_12 stl_28" 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:27.7887em;"><span class="stl_46 stl_12 stl_34" 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:28.5387em;"><span class="stl_46 stl_12 stl_81" 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:29.2887em;"><span class="stl_46 stl_12 stl_95" 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:30.0387em;"><span class="stl_46 stl_12 stl_13" 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:30.7887em;"><span class="stl_46 stl_12 stl_122" 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:32.2887em;"><span class="stl_46 stl_12 stl_307" 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:33.0387em;"><span class="stl_46 stl_12 stl_47" 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:33.7887em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">and judgements used in preparation of the conso-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.5387em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0369em;">lidated financial statements. Please refer to these  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:35.2887em;"><span class="stl_46 stl_12 stl_558" 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:36.0387em;"><span class="stl_46 stl_12 stl_619" 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:36.7887em;"><span class="stl_46 stl_12 stl_485" 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:10.5312em;"><span class="stl_316 stl_08 stl_59" 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:11.2887em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">Management has assesed the impact of new  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:12.0387em;"><span class="stl_46 stl_12 stl_80" 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:12.7887em;"><span class="stl_46 stl_12 stl_34" 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:13.5387em;"><span class="stl_46 stl_12 stl_117" 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:14.2887em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">after 1 October 2023.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:15.7887em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:16.5387em;"><span class="stl_46 stl_12 stl_86" style="word-spacing:-0.0271em;">of 1 October 2023:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:18.0387em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:0.2152em;">• Amendment</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.274em;top:18.0387em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">to IAS 1 “Presentation of Financial  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:18.7887em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">Statements and IFRS Practice Statement 2: Dis-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:19.5387em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">closure of Accounting Policies”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:21.0387em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:0.2152em;">• Amendment</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.274em;top:21.0387em;"><span class="stl_46 stl_12 stl_260" style="word-spacing:-0.0262em;">to IAS 8 “Accounting Policies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:21.7887em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0351em;">Changes in Accounting Estimates and Errors:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:22.5387em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">Definition of Accounting Estimates”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:24.0387em;"><span class="stl_46 stl_12 stl_130" style="word-spacing:0.2091em;">• Amendments</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.616em;top:24.0387em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0245em;">to IAS 12 “Income Taxes: Deferred  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:24.7887em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0343em;">Tax related to Assets and Liabilities arising from  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:25.5387em;"><span class="stl_46 stl_12 stl_178" style="word-spacing:-0.0271em;">a Single Transaction”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:27.0387em;"><span class="stl_46 stl_12 stl_130" style="word-spacing:0.2091em;">• Amendments</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.616em;top:27.0387em;"><span class="stl_46 stl_12 stl_191" style="word-spacing:-0.025em;">to IAS 12 “Income Taxes: Interna-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:27.7887em;"><span class="stl_46 stl_12 stl_235" style="word-spacing:-0.0213em;">tional Tax Reform - Pillar Two Model Rules”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:29.2887em;"><span class="stl_46 stl_12 stl_307" 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:30.0387em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">impact on the amounts recognised in the prior  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:30.7887em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">period and current period, and are not expected to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.5387em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0441em;">significantly affect future periods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:33.0312em;"><span class="stl_316 stl_08 stl_75" 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:33.7887em;"><span class="stl_46 stl_12 stl_56" 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:34.5387em;"><span class="stl_46 stl_12 stl_54" 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:35.2887em;"><span class="stl_46 stl_12 stl_520" 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:36.0387em;"><span class="stl_46 stl_12 stl_54" 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:36.7887em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">statements for 2023/24. Management expects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_63" 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:4.7244em;top:11.2474em;"><span class="stl_46 stl_12 stl_122" 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:4.7244em;top:11.9974em;"><span class="stl_46 stl_12 stl_309" 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:4.7244em;top:12.7474em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0385em;">expected to have significant impact on the consoli-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4974em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0395em;">dated financial statements.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.9899em;"><span class="stl_316 stl_08 stl_319" 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:15.7474em;"><span class="stl_46 stl_12 stl_29" 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:16.4974em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0308em;">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:17.2474em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">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:17.9974em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">and to tag the primary consolidated financial state-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7474em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0341em;">ments using iXBRL (Inline eXtensible Business  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.4974em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Reporting Language).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.9974em;"><span class="stl_46 stl_12 stl_48" 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:21.7474em;"><span class="stl_46 stl_12 stl_61" 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:22.4974em;"><span class="stl_46 stl_12 stl_225" 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:23.2474em;"><span class="stl_46 stl_12 stl_307" 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:23.9974em;"><span class="stl_46 stl_12 stl_307" 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:25.4974em;"><span class="stl_46 stl_12 stl_74" 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:26.2474em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0404em;">ments are tagged to elements in the ESEF taxo-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.9974em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">nomy. 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:27.7474em;"><span class="stl_46 stl_12 stl_119" 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:28.4974em;"><span class="stl_46 stl_12 stl_520" 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:29.2474em;"><span class="stl_46 stl_12 stl_225" 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:29.9974em;"><span class="stl_46 stl_12 stl_485" 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:31.4974em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">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:32.2474em;"><span class="stl_46 stl_12 stl_456" 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:32.9974em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">Mechanism) are included in the zip file AMBU-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.7474em;"><span class="stl_46 stl_12 stl_117">2024-09-30-en.zip.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2399em;"><span class="stl_316 stl_08 stl_74" 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:35.9974em;"><span class="stl_46 stl_12 stl_94" 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:36.7474em;"><span class="stl_46 stl_12 stl_130" 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:21.7325em;top:10.4974em;"><span class="stl_46 stl_12 stl_122" 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:21.7325em;top:11.2474em;"><span class="stl_46 stl_12 stl_113" 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:21.7325em;top:11.9974em;"><span class="stl_46 stl_12 stl_520" 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:21.7325em;top:12.7474em;"><span class="stl_46 stl_12 stl_155" 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:21.7325em;top:14.2474em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">The subsidiaries’ financial statements are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:14.9974em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">adjusted, if necessary, to ensure that their account-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:15.7474em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">ing policies are consistent with those of the rest of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.4974em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.035em;">the group. All intercompany transactions, balan-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:17.2474em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">ces, income and expenses are fully eliminated on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:17.9974em;"><span class="stl_46 stl_12 stl_81">consolidation.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.4899em;"><span class="stl_316 stl_08 stl_453" 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:20.2474em;"><span class="stl_46 stl_12 stl_59" 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:20.9974em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">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:21.7474em;"><span class="stl_46 stl_12 stl_60" 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:22.4974em;"><span class="stl_46 stl_12 stl_485" 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:23.2474em;"><span class="stl_46 stl_12 stl_517">operates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:24.7474em;"><span class="stl_46 stl_12 stl_485" 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:25.4974em;"><span class="stl_46 stl_12 stl_63" 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:26.2474em;"><span class="stl_46 stl_12 stl_29" 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:26.9974em;"><span class="stl_46 stl_12 stl_278" 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:27.7474em;"><span class="stl_46 stl_12 stl_453" 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:28.4974em;"><span class="stl_46 stl_12 stl_113" 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:29.2474em;"><span class="stl_46 stl_12 stl_485" 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:29.9974em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">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:30.7474em;"><span class="stl_46 stl_12 stl_116" 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:32.2474em;"><span class="stl_46 stl_12 stl_315" 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:32.9974em;"><span class="stl_46 stl_12 stl_47" 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:33.7474em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">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:34.4974em;"><span class="stl_46 stl_12 stl_80" 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:35.2474em;"><span class="stl_46 stl_12 stl_278" 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:35.9974em;"><span class="stl_46 stl_12 stl_119" 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:36.7474em;"><span class="stl_46 stl_12 stl_119" 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:38.7407em;top:10.4974em;"><span class="stl_46 stl_12 stl_116" 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:38.7407em;top:11.2474em;"><span class="stl_46 stl_12 stl_63" 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:38.7407em;top:11.9974em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0369em;">statement under net financials.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.4974em;"><span class="stl_46 stl_12 stl_315" 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:38.7407em;top:14.2474em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">functional currency different than DKK are trans-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:14.9974em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">lated to Danish kroner at the exchange rates for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:15.7474em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">balance sheet items applicable at the balance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.4974em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">sheet date and at average exchange rates, as far as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:17.2474em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">income statement items are concerned. Exchange  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:17.9974em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">rate differences arising from the translation of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:18.7474em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">net assets of such subsidiaries, at the beginning  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.4974em;"><span class="stl_46 stl_12 stl_109" 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:20.2474em;"><span class="stl_46 stl_12 stl_119" 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:20.9974em;"><span class="stl_46 stl_12 stl_95" 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:21.7474em;"><span class="stl_46 stl_12 stl_122" 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:22.4974em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0345em;">rates applicable at the balance sheet date, are re-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:23.2474em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0349em;">cognised in other comprehensive income and pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:23.9974em;"><span class="stl_46 stl_12 stl_117" 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:24.7474em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">translation adjustments under equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.654em;top:26.2399em;"><span class="stl_316 stl_08 stl_64" style="word-spacing:-0.042em;">Presentation of income statement</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:26.993em;"><span class="stl_557 stl_17 stl_475" style="word-spacing:-0.0431em;">Income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:27.7474em;"><span class="stl_46 stl_12 stl_119" 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:28.4974em;"><span class="stl_46 stl_12 stl_309" 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:29.2474em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0404em;">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:29.9974em;"><span class="stl_46 stl_12 stl_517" 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:30.7474em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">to relate. 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:31.4974em;"><span class="stl_46 stl_12 stl_116" 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:32.2474em;"><span class="stl_46 stl_12 stl_29" 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:33.743em;"><span class="stl_557 stl_17 stl_472" 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:34.4974em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0416em;">Production costs comprise costs incurred in gene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:35.2474em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">rating 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:35.9974em;"><span class="stl_46 stl_12 stl_113" 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:36.7474em;"><span class="stl_46 stl_12 stl_13" 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:55.7482em;top:10.4974em;"><span class="stl_46 stl_12 stl_13" 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:55.7482em;top:11.2474em;"><span class="stl_46 stl_12 stl_124" 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:55.7482em;top:11.9974em;"><span class="stl_46 stl_12 stl_130" 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:55.7482em;top:12.7474em;"><span class="stl_46 stl_12 stl_48" 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:55.7482em;top:13.4974em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0391em;">of leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:14.993em;"><span class="stl_557 stl_17 stl_399" style="word-spacing:-0.0443em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:15.7474em;"><span class="stl_46 stl_12 stl_105" 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:55.7482em;top:16.4974em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">sales staff, advertising and exhibitions, deprecia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:17.2474em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0367em;">tion, impairment and operation of central ware-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:17.9974em;"><span class="stl_46 stl_12 stl_105" 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:55.7482em;top:18.7474em;"><span class="stl_46 stl_12 stl_94" 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:55.7482em;top:20.243em;"><span class="stl_557 stl_17 stl_337" style="word-spacing:-0.041em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:20.9974em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Development costs comprise salaries and costs,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:21.7474em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0381em;">which, directly or indirectly, can be attributed to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:22.4974em;"><span class="stl_46 stl_12 stl_80" 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:55.7482em;top:23.2474em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0393em;">new products that do not meet the criteria for capi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:23.9974em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">talisation of an internally generated development  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:24.7474em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0369em;">project. In addition, the amortisation and impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:25.4974em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0383em;">ment of capitalised development costs and rights  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:26.2474em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">and acquired technologies are recognised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:27.743em;"><span class="stl_557 stl_17 stl_538" style="word-spacing:-0.0434em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:28.4974em;"><span class="stl_46 stl_12 stl_59" 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:55.7482em;top:29.2474em;"><span class="stl_46 stl_12 stl_81" 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:55.7482em;top:29.9974em;"><span class="stl_46 stl_12 stl_456" style="word-spacing:-0.0436em;">expenses for the administrative staff, office pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:30.7474em;"><span class="stl_46 stl_12 stl_64" style="word-spacing:-0.0421em;">mises and office expenses, as well as amortisation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:31.4974em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">and impairment, and depreciation of leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:32.9899em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">Cash flow statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:33.7474em;"><span class="stl_46 stl_12 stl_28" 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:55.7482em;top:34.4974em;"><span class="stl_46 stl_12 stl_116" 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:55.7482em;top:35.2474em;"><span class="stl_46 stl_12 stl_47" 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:55.7482em;top:35.9974em;"><span class="stl_46 stl_12 stl_119" 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:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash flows from operating activities are presented  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2474em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">using the indirect method, and calculated as the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9974em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0405em;">operating profit adjusted for non-cash operating  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7474em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">items, working capital changes, as well as finan-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4974em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">cial income received and financial expenses and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2474em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">income taxes paid.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7474em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0413em;">Cash flows from investing activities comprise  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.4974em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">payments in connection with acquisition of sub-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2474em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">sidiaries, activities and fixed and intangible asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.9974em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">investments and proceeds from the sale of proper-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7474em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0328em;">ty, plant and equipment. In the parent financial  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.4974em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0408em;">statements, investing activities also include receipt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2474em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0367em;">of dividends from subsidiaries.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7474em;"><span class="stl_46 stl_12 stl_60" 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:4.7244em;top:22.4974em;"><span class="stl_46 stl_12 stl_105" 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:4.7244em;top:23.2474em;"><span class="stl_46 stl_12 stl_56" 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:4.7244em;top:23.9974em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">repayment of debt. Cash flow from financing acti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7474em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">vities comprise changes to the size or composition  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.4974em;"><span class="stl_46 stl_12 stl_29" 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:4.7244em;top:26.2474em;"><span class="stl_46 stl_12 stl_47" 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:4.7244em;top:26.9974em;"><span class="stl_46 stl_12 stl_56" 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:4.7244em;top:27.7474em;"><span class="stl_46 stl_12 stl_278" 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:4.7244em;top:28.4974em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0319em;">Group’s shareholders.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.4974em;"><span class="stl_46 stl_12 stl_63" 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:21.7325em;top:11.2474em;"><span class="stl_46 stl_12 stl_619" 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:21.7325em;top:11.9974em;"><span class="stl_46 stl_12 stl_27" 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:21.7325em;top:12.7474em;"><span class="stl_46 stl_12 stl_56" 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:21.7325em;top:13.4974em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">transaction date.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:14.9974em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0416em;">Cash and cash equivalents comprise cash less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:15.7474em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">short-term bank debt, alternating between posi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.4974em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">tive and negative balances, as well as short-term  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:17.2474em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0415em;">deposits with a maturity less than three months.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_224 stl_08 stl_261" 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:10.5387em;"><span class="stl_46 stl_12 stl_206" 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:11.2887em;"><span class="stl_46 stl_12 stl_28" 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:12.0387em;"><span class="stl_46 stl_12 stl_291" 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:12.7887em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">each of the individual notes related to the consoli-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0395em;">dated financial statements.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_46 stl_12 stl_117" 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:15.7887em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">sented in accordance with IFRS accounting stand-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">ards as adopted by the EU and additional require-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">ments in the Danish Financial Statements Act. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0295em;">Group’s ultimate parent company, Ambu A/S, is a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0302em;">public limited company, domiciled in Denmark.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">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:21.0387em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0402em;">Ambu A/S, are presented separately from the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_46 stl_12 stl_94" 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:22.5387em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">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:23.2887em;"><span class="stl_46 stl_12 stl_51" 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:24.0387em;"><span class="stl_46 stl_12 stl_113" 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:24.7887em;"><span class="stl_46 stl_12 stl_150" style="word-spacing:-0.0228em;">parent company.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_46 stl_12 stl_314" 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:27.0387em;"><span class="stl_46 stl_12 stl_309" 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:27.7887em;"><span class="stl_46 stl_12 stl_117" 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:28.5387em;"><span class="stl_46 stl_12 stl_291" 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:29.2887em;"><span class="stl_46 stl_12 stl_497" 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:30.7812em;"><span class="stl_316 stl_08 stl_517" 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:31.5387em;"><span class="stl_46 stl_12 stl_117" 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:32.2887em;"><span class="stl_46 stl_12 stl_56" 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:33.0387em;"><span class="stl_46 stl_12 stl_29" 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:33.7887em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">to the nearest million, unless otherwise stated. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.5387em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">annual report has been prepared in accordance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2887em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">with the historical cost principle, except for deriv-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.0387em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">ative financial instruments, which are measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.7887em;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0332em;">fair value.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.5312em;"><span class="stl_316 stl_08 stl_453" 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:11.2887em;"><span class="stl_46 stl_12 stl_116" 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:12.0387em;"><span class="stl_46 stl_12 stl_28" 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:12.7887em;"><span class="stl_46 stl_12 stl_94" 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:13.5387em;"><span class="stl_46 stl_12 stl_29" 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:14.2887em;"><span class="stl_46 stl_12 stl_76" 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:15.0387em;"><span class="stl_46 stl_12 stl_116" 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:15.7887em;"><span class="stl_46 stl_12 stl_81" 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:16.5387em;"><span class="stl_46 stl_12 stl_48" 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:17.2887em;"><span class="stl_46 stl_12 stl_59" 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:18.7887em;"><span class="stl_46 stl_12 stl_29" 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:19.5387em;"><span class="stl_46 stl_12 stl_309" 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:20.2887em;"><span class="stl_46 stl_12 stl_485" 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:21.0387em;"><span class="stl_46 stl_12 stl_310" 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:21.7887em;"><span class="stl_46 stl_12 stl_315" 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:22.5387em;"><span class="stl_46 stl_12 stl_65" 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:24.0312em;"><span class="stl_316 stl_08 stl_517" 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:24.7812em;"><span class="stl_316 stl_08 stl_322" 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:25.5387em;"><span class="stl_46 stl_12 stl_315" 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:26.2887em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0394em;">ments, in conformity with IFRS, requires Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:27.0387em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">ment to make estimates and assumptions that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:27.7887em;"><span class="stl_46 stl_12 stl_60" 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:28.5387em;"><span class="stl_46 stl_12 stl_28" 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:29.2887em;"><span class="stl_46 stl_12 stl_56" 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:30.7887em;"><span class="stl_46 stl_12 stl_321" 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:31.5387em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">experience and various other assumptions that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:32.2887em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0337em;">are believed to be reasonable under the circum-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:33.0387em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0397em;">stances, the results of which form the basis for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:33.7887em;"><span class="stl_46 stl_12 stl_64" style="word-spacing:-0.042em;">making judgements about the reported carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.5387em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0393em;">amounts of assets and liabilities, and the reported  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:35.2887em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">amounts of revenues and expenses that may not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.0387em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">be readily apparent from other sources. Actual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.7887em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0417em;">results could differ from those estimates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.5387em;"><span class="stl_46 stl_12 stl_34" 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:11.2887em;"><span class="stl_46 stl_12 stl_27" 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:12.0387em;"><span class="stl_46 stl_12 stl_558" 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:12.7887em;"><span class="stl_46 stl_12 stl_315" 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:13.5387em;"><span class="stl_46 stl_12 stl_80" 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:14.2887em;"><span class="stl_46 stl_12 stl_80" 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:15.0387em;"><span class="stl_46 stl_12 stl_27" 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:16.5387em;"><span class="stl_46 stl_12 stl_497" style="word-spacing:-0.0316em;">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:17.2887em;"><span class="stl_46 stl_12 stl_118" 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:18.0387em;"><span class="stl_46 stl_12 stl_322" 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:18.7887em;"><span class="stl_46 stl_12 stl_74" 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:19.5387em;"><span class="stl_46 stl_12 stl_95" 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:20.2887em;"><span class="stl_46 stl_12 stl_94" 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:21.0387em;"><span class="stl_46 stl_12 stl_309" 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:21.7887em;"><span class="stl_46 stl_12 stl_13" 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:22.5387em;"><span class="stl_46 stl_12 stl_28" 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:23.2887em;"><span class="stl_46 stl_12 stl_116" 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:24.7887em;"><span class="stl_46 stl_12 stl_113" 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:25.5387em;"><span class="stl_46 stl_12 stl_318" 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:26.2887em;"><span class="stl_46 stl_12 stl_34" 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:27.0387em;"><span class="stl_46 stl_12 stl_28" 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:27.7887em;"><span class="stl_46 stl_12 stl_34" 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:28.5387em;"><span class="stl_46 stl_12 stl_81" 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:29.2887em;"><span class="stl_46 stl_12 stl_95" 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:30.0387em;"><span class="stl_46 stl_12 stl_13" 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:30.7887em;"><span class="stl_46 stl_12 stl_122" 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:32.2887em;"><span class="stl_46 stl_12 stl_307" 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:33.0387em;"><span class="stl_46 stl_12 stl_47" 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:33.7887em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">and judgements used in preparation of the conso-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.5387em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0369em;">lidated financial statements. Please refer to these  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:35.2887em;"><span class="stl_46 stl_12 stl_558" 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:36.0387em;"><span class="stl_46 stl_12 stl_619" 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:36.7887em;"><span class="stl_46 stl_12 stl_485" 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:10.5312em;"><span class="stl_316 stl_08 stl_59" 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:11.2887em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">Management has assesed the impact of new  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:12.0387em;"><span class="stl_46 stl_12 stl_80" 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:12.7887em;"><span class="stl_46 stl_12 stl_34" 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:13.5387em;"><span class="stl_46 stl_12 stl_117" 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:14.2887em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">after 1 October 2023.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:15.7887em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:16.5387em;"><span class="stl_46 stl_12 stl_86" style="word-spacing:-0.0271em;">of 1 October 2023:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:18.0387em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:0.2152em;">• Amendment</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.274em;top:18.0387em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">to IAS 1 “Presentation of Financial  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:18.7887em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">Statements and IFRS Practice Statement 2: Dis-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:19.5387em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">closure of Accounting Policies”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:21.0387em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:0.2152em;">• Amendment</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.274em;top:21.0387em;"><span class="stl_46 stl_12 stl_260" style="word-spacing:-0.0262em;">to IAS 8 “Accounting Policies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:21.7887em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0351em;">Changes in Accounting Estimates and Errors:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:22.5387em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">Definition of Accounting Estimates”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:24.0387em;"><span class="stl_46 stl_12 stl_130" style="word-spacing:0.2091em;">• Amendments</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.616em;top:24.0387em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0245em;">to IAS 12 “Income Taxes: Deferred  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:24.7887em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0343em;">Tax related to Assets and Liabilities arising from  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:25.5387em;"><span class="stl_46 stl_12 stl_178" style="word-spacing:-0.0271em;">a Single Transaction”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:27.0387em;"><span class="stl_46 stl_12 stl_130" style="word-spacing:0.2091em;">• Amendments</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.616em;top:27.0387em;"><span class="stl_46 stl_12 stl_191" style="word-spacing:-0.025em;">to IAS 12 “Income Taxes: Interna-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:27.7887em;"><span class="stl_46 stl_12 stl_235" style="word-spacing:-0.0213em;">tional Tax Reform - Pillar Two Model Rules”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:29.2887em;"><span class="stl_46 stl_12 stl_307" 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:30.0387em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">impact on the amounts recognised in the prior  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:30.7887em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">period and current period, and are not expected to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.5387em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0441em;">significantly affect future periods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:33.0312em;"><span class="stl_316 stl_08 stl_75" 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:33.7887em;"><span class="stl_46 stl_12 stl_56" 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:34.5387em;"><span class="stl_46 stl_12 stl_54" 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:35.2887em;"><span class="stl_46 stl_12 stl_520" 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:36.0387em;"><span class="stl_46 stl_12 stl_54" 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:36.7887em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">statements for 2023/24. Management expects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_63" 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:4.7244em;top:11.2474em;"><span class="stl_46 stl_12 stl_122" 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:4.7244em;top:11.9974em;"><span class="stl_46 stl_12 stl_309" 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:4.7244em;top:12.7474em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0385em;">expected to have significant impact on the consoli-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4974em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0395em;">dated financial statements.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.9899em;"><span class="stl_316 stl_08 stl_319" 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:15.7474em;"><span class="stl_46 stl_12 stl_29" 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:16.4974em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0308em;">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:17.2474em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">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:17.9974em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">and to tag the primary consolidated financial state-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7474em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0341em;">ments using iXBRL (Inline eXtensible Business  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.4974em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Reporting Language).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.9974em;"><span class="stl_46 stl_12 stl_48" 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:21.7474em;"><span class="stl_46 stl_12 stl_61" 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:22.4974em;"><span class="stl_46 stl_12 stl_225" 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:23.2474em;"><span class="stl_46 stl_12 stl_307" 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:23.9974em;"><span class="stl_46 stl_12 stl_307" 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:25.4974em;"><span class="stl_46 stl_12 stl_74" 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:26.2474em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0404em;">ments are tagged to elements in the ESEF taxo-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.9974em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">nomy. 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:27.7474em;"><span class="stl_46 stl_12 stl_119" 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:28.4974em;"><span class="stl_46 stl_12 stl_520" 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:29.2474em;"><span class="stl_46 stl_12 stl_225" 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:29.9974em;"><span class="stl_46 stl_12 stl_485" 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:31.4974em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">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:32.2474em;"><span class="stl_46 stl_12 stl_456" 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:32.9974em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">Mechanism) are included in the zip file AMBU-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.7474em;"><span class="stl_46 stl_12 stl_117">2024-09-30-en.zip.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2399em;"><span class="stl_316 stl_08 stl_74" 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:35.9974em;"><span class="stl_46 stl_12 stl_94" 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:36.7474em;"><span class="stl_46 stl_12 stl_130" 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:21.7325em;top:10.4974em;"><span class="stl_46 stl_12 stl_122" 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:21.7325em;top:11.2474em;"><span class="stl_46 stl_12 stl_113" 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:21.7325em;top:11.9974em;"><span class="stl_46 stl_12 stl_520" 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:21.7325em;top:12.7474em;"><span class="stl_46 stl_12 stl_155" 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:21.7325em;top:14.2474em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">The subsidiaries’ financial statements are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:14.9974em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">adjusted, if necessary, to ensure that their account-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:15.7474em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">ing policies are consistent with those of the rest of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.4974em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.035em;">the group. All intercompany transactions, balan-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:17.2474em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">ces, income and expenses are fully eliminated on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:17.9974em;"><span class="stl_46 stl_12 stl_81">consolidation.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.4899em;"><span class="stl_316 stl_08 stl_453" 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:20.2474em;"><span class="stl_46 stl_12 stl_59" 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:20.9974em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">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:21.7474em;"><span class="stl_46 stl_12 stl_60" 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:22.4974em;"><span class="stl_46 stl_12 stl_485" 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:23.2474em;"><span class="stl_46 stl_12 stl_517">operates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:24.7474em;"><span class="stl_46 stl_12 stl_485" 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:25.4974em;"><span class="stl_46 stl_12 stl_63" 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:26.2474em;"><span class="stl_46 stl_12 stl_29" 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:26.9974em;"><span class="stl_46 stl_12 stl_278" 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:27.7474em;"><span class="stl_46 stl_12 stl_453" 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:28.4974em;"><span class="stl_46 stl_12 stl_113" 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:29.2474em;"><span class="stl_46 stl_12 stl_485" 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:29.9974em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">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:30.7474em;"><span class="stl_46 stl_12 stl_116" 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:32.2474em;"><span class="stl_46 stl_12 stl_315" 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:32.9974em;"><span class="stl_46 stl_12 stl_47" 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:33.7474em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">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:34.4974em;"><span class="stl_46 stl_12 stl_80" 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:35.2474em;"><span class="stl_46 stl_12 stl_278" 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:35.9974em;"><span class="stl_46 stl_12 stl_119" 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:36.7474em;"><span class="stl_46 stl_12 stl_119" 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:38.7407em;top:10.4974em;"><span class="stl_46 stl_12 stl_116" 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:38.7407em;top:11.2474em;"><span class="stl_46 stl_12 stl_63" 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:38.7407em;top:11.9974em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0369em;">statement under net financials.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.4974em;"><span class="stl_46 stl_12 stl_315" 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:38.7407em;top:14.2474em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">functional currency different than DKK are trans-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:14.9974em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">lated to Danish kroner at the exchange rates for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:15.7474em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">balance sheet items applicable at the balance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.4974em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">sheet date and at average exchange rates, as far as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:17.2474em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">income statement items are concerned. Exchange  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:17.9974em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">rate differences arising from the translation of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:18.7474em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">net assets of such subsidiaries, at the beginning  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.4974em;"><span class="stl_46 stl_12 stl_109" 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:20.2474em;"><span class="stl_46 stl_12 stl_119" 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:20.9974em;"><span class="stl_46 stl_12 stl_95" 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:21.7474em;"><span class="stl_46 stl_12 stl_122" 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:22.4974em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0345em;">rates applicable at the balance sheet date, are re-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:23.2474em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0349em;">cognised in other comprehensive income and pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:23.9974em;"><span class="stl_46 stl_12 stl_117" 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:24.7474em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">translation adjustments under equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.654em;top:26.2399em;"><span class="stl_316 stl_08 stl_64" style="word-spacing:-0.042em;">Presentation of income statement</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:26.993em;"><span class="stl_557 stl_17 stl_475" style="word-spacing:-0.0431em;">Income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:27.7474em;"><span class="stl_46 stl_12 stl_119" 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:28.4974em;"><span class="stl_46 stl_12 stl_309" 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:29.2474em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0404em;">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:29.9974em;"><span class="stl_46 stl_12 stl_517" 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:30.7474em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">to relate. 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:31.4974em;"><span class="stl_46 stl_12 stl_116" 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:32.2474em;"><span class="stl_46 stl_12 stl_29" 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:33.743em;"><span class="stl_557 stl_17 stl_472" 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:34.4974em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0416em;">Production costs comprise costs incurred in gene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:35.2474em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">rating 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:35.9974em;"><span class="stl_46 stl_12 stl_113" 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:36.7474em;"><span class="stl_46 stl_12 stl_13" 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:55.7482em;top:10.4974em;"><span class="stl_46 stl_12 stl_13" 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:55.7482em;top:11.2474em;"><span class="stl_46 stl_12 stl_124" 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:55.7482em;top:11.9974em;"><span class="stl_46 stl_12 stl_130" 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:55.7482em;top:12.7474em;"><span class="stl_46 stl_12 stl_48" 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:55.7482em;top:13.4974em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0391em;">of leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:14.993em;"><span class="stl_557 stl_17 stl_399" style="word-spacing:-0.0443em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:15.7474em;"><span class="stl_46 stl_12 stl_105" 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:55.7482em;top:16.4974em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">sales staff, advertising and exhibitions, deprecia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:17.2474em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0367em;">tion, impairment and operation of central ware-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:17.9974em;"><span class="stl_46 stl_12 stl_105" 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:55.7482em;top:18.7474em;"><span class="stl_46 stl_12 stl_94" 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:55.7482em;top:20.243em;"><span class="stl_557 stl_17 stl_337" style="word-spacing:-0.041em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:20.9974em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Development costs comprise salaries and costs,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:21.7474em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0381em;">which, directly or indirectly, can be attributed to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:22.4974em;"><span class="stl_46 stl_12 stl_80" 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:55.7482em;top:23.2474em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0393em;">new products that do not meet the criteria for capi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:23.9974em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">talisation of an internally generated development  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:24.7474em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0369em;">project. In addition, the amortisation and impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:25.4974em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0383em;">ment of capitalised development costs and rights  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:26.2474em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">and acquired technologies are recognised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:27.743em;"><span class="stl_557 stl_17 stl_538" style="word-spacing:-0.0434em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:28.4974em;"><span class="stl_46 stl_12 stl_59" 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:55.7482em;top:29.2474em;"><span class="stl_46 stl_12 stl_81" 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:55.7482em;top:29.9974em;"><span class="stl_46 stl_12 stl_456" style="word-spacing:-0.0436em;">expenses for the administrative staff, office pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:30.7474em;"><span class="stl_46 stl_12 stl_64" style="word-spacing:-0.0421em;">mises and office expenses, as well as amortisation  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:31.4974em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">and impairment, and depreciation of leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:32.9899em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">Cash flow statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:33.7474em;"><span class="stl_46 stl_12 stl_28" 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:55.7482em;top:34.4974em;"><span class="stl_46 stl_12 stl_116" 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:55.7482em;top:35.2474em;"><span class="stl_46 stl_12 stl_47" 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:55.7482em;top:35.9974em;"><span class="stl_46 stl_12 stl_119" 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:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash flows from operating activities are presented  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2474em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">using the indirect method, and calculated as the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9974em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0405em;">operating profit adjusted for non-cash operating  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7474em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">items, working capital changes, as well as finan-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4974em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">cial income received and financial expenses and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2474em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">income taxes paid.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7474em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0413em;">Cash flows from investing activities comprise  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.4974em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">payments in connection with acquisition of sub-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2474em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">sidiaries, activities and fixed and intangible asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.9974em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">investments and proceeds from the sale of proper-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7474em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0328em;">ty, plant and equipment. In the parent financial  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.4974em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0408em;">statements, investing activities also include receipt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2474em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0367em;">of dividends from subsidiaries.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7474em;"><span class="stl_46 stl_12 stl_60" 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:4.7244em;top:22.4974em;"><span class="stl_46 stl_12 stl_105" 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:4.7244em;top:23.2474em;"><span class="stl_46 stl_12 stl_56" 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:4.7244em;top:23.9974em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">repayment of debt. Cash flow from financing acti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7474em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">vities comprise changes to the size or composition  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.4974em;"><span class="stl_46 stl_12 stl_29" 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:4.7244em;top:26.2474em;"><span class="stl_46 stl_12 stl_47" 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:4.7244em;top:26.9974em;"><span class="stl_46 stl_12 stl_56" 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:4.7244em;top:27.7474em;"><span class="stl_46 stl_12 stl_278" 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:4.7244em;top:28.4974em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0319em;">Group’s shareholders.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.4974em;"><span class="stl_46 stl_12 stl_63" 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:21.7325em;top:11.2474em;"><span class="stl_46 stl_12 stl_619" 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:21.7325em;top:11.9974em;"><span class="stl_46 stl_12 stl_27" 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:21.7325em;top:12.7474em;"><span class="stl_46 stl_12 stl_56" 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:21.7325em;top:13.4974em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">transaction date.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:14.9974em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0416em;">Cash and cash equivalents comprise cash less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:15.7474em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">short-term bank debt, alternating between posi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.4974em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">tive and negative balances, as well as short-term  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:17.2474em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0415em;">deposits with a maturity less than three months.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.5692em;"><span class="stl_316 stl_08 stl_619" 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:30.3267em;"><span class="stl_46 stl_12 stl_187" style="word-spacing:-0.0352em;">Revenue from the sale of goods is recognised in the income statement, when all performance obligations have  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.0767em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0356em;">been fulfilled at the point in time when risk is transferred. Revenue is measured at the fair value of the agreed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.8267em;"><span class="stl_46 stl_12 stl_542" style="word-spacing:-0.0335em;">consideration, excluding VAT and taxes collected on behalf of a third party. At the time of recognition of reve-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.5767em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0356em;">nue, a number of price 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:39.4482em;top:30.2075em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.9649em;"><span class="stl_46 stl_12 stl_558" 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:39.4482em;top:31.7149em;"><span class="stl_46 stl_12 stl_63" 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:39.4482em;top:32.465em;"><span class="stl_46 stl_12 stl_34">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8737em;"><span class="stl_316 stl_08 stl_619" 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:32.6312em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">For a description of accounting policies, please refer 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:28.9712em;"><span class="stl_316 stl_08 stl_619" 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:29.7287em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">Special items comprise costs or income that cannot be attributed directly to the Group's ordinary acti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.4787em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">vities and are non-recurring of nature, e.g., strategic re-evaluation. Such costs include the cost related to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.2287em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0416em;">significant restructuring of the cost base and processes, as well as restructuring costs related to resigna-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.9787em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0343em;">tion of employees. Further special items include redundancy costs' related to the Group's Management,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.7287em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">impairment of assets and remeasurement of technology debt.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:20.7756em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:21.5331em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">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:39.4494em;top:22.2831em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">statement for the portion attributable to the profit for the year, and in equity for the portion attributable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:23.0331em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0398em;">to amounts recognised directly in equity. The tax effect of share-based payment is included in tax on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:23.7831em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0357em;">profit for the year, with the portion attributable to the Group’s deductible share of the cost from the Black-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:24.5331em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">Scholes or other applied valuation model and the remaining tax effect, being included in equity. Tax is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:25.2831em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">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:39.4488em;top:10.4812em;"><span class="stl_316 stl_08 stl_619" 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_46 stl_12 stl_558" style="word-spacing:-0.0384em;">Deferred tax is measured under the balance sheet liability method, on the basis of all temporary differen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9887em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0399em;">ces between the carrying amount and tax base of assets and liabilities. Deferred tax is not recognised on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7387em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0389em;">temporary differences, resulting from the initial recognition of goodwill. Deferred tax assets, including the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4887em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">tax base of tax loss carry-forwards, are recognised under other non-current assets at the expected usable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2387em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">value, either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9887em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">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_46 stl_12 stl_118" style="word-spacing:-0.0329em;">Adjustment is made to 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_46 stl_12 stl_408" 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_46 stl_12 stl_59" 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_46 stl_12 stl_59" style="word-spacing:-0.0389em;">basis of budgets, business plans, etc., is able to render probable that the value can be offset against tem-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2387em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">porary deferred tax liabilities or against future taxable income. Tax losses are recognised to the extent that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9887em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0381em;">the Management can render 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_46 stl_12 stl_123" style="word-spacing:-0.0393em;">Deferred tax is calculated on share-based payments, to the extent that the individual scheme is deducti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2387em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">ble for the Group. Deferred tax is calculated as the difference between the value of the share-based pay-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9887em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">ment at the time of allocation and the fair value, whichever is higher. Deferred tax assets from share-based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7387em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">payment schemes are recognised proportionately over the vesting period. The tax asset is recognised in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.4887em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0397em;">the income statement at a value corresponding to the tax deduction for the scheme-related costs, recog-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.2387em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">nised 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_46 stl_12 stl_74" 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_46 stl_12 stl_485" 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_46 stl_12 stl_558" 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_46 stl_12 stl_278" 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_316 stl_08 stl_619" 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_46 stl_12 stl_54" 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_46 stl_12 stl_485" 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_46 stl_12 stl_225" 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_46 stl_12 stl_105" 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_46 stl_12 stl_56" 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_46 stl_12 stl_74" 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_46 stl_12 stl_520" 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_46 stl_12 stl_80" 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:39.4482em;top:10.478em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.2355em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.9855em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">ble net assets of the acquired company. Subsequently, goodwill is measured at cost, less accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:12.7355em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">impairment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.2355em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to bene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.9855em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0307em;">fit from the business combination; however, not to a level lower than the segment level and the level on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:15.7355em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">which goodwill is monitored, as part of the internal financial management. The Management has identi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.4855em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">fied 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:39.4482em;top:17.9855em;"><span class="stl_46 stl_12 stl_123" 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:39.4482em;top:18.7355em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:39.4482em;top:19.4855em;"><span class="stl_46 stl_12 stl_485" 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:39.4482em;top:20.2355em;"><span class="stl_46 stl_12 stl_278" 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:39.4482em;top:20.9855em;"><span class="stl_46 stl_12 stl_309" 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:39.4482em;top:22.4855em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">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:39.4482em;top:23.2355em;"><span class="stl_46 stl_12 stl_56" 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:39.4482em;top:23.9855em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">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:39.4482em;top:24.7355em;"><span class="stl_46 stl_12 stl_28" 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:51.0188em;top:9.965em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:10.7225em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Acquired technologies, trademarks and customer relations, pri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:11.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">marily comprising identified technologies, are recognised at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.2225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">value on the time of acquisition in connection with a business com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.9725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">bination. Any other intangible asset is recognised at cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:14.4725em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">Development and IT projects are recognised as intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.2225em;"><span class="stl_46 stl_12 stl_453" style="word-spacing:-0.0425em;">if they meet certain criteria. These projects must be clearly defined  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.9725em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">and identifiable, with proven technical feasibility and sufficient  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:16.7225em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">resources available for completion. Additionally, there should be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:17.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">a potential market or scope for the project, and the Group must  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.2225em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0403em;">intend to produce, market or use the project. The directly attrib-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.9725em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">utable cost should be reliably measurable, and there must be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:19.7225em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0361em;">certainty that future earnings or the net selling price will cover all  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:20.4725em;"><span class="stl_46 stl_12 stl_112">costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:21.965em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0418em;">Useful lifetime and residual value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:22.7225em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">Intangible assets, excl. goodwill, are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:23.4725em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">straight-line method over the expected useful lifetime of the indi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.2225em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0383em;">vidual asset. The residual value for all intangible assets is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.9725em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0367em;">as zero. The amortisation of the intangible asset commences upon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:25.7225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">completion of the project or when the asset is ready for use. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:26.4725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">basis of amortisation is reduced by impairment losses, if any. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.2225em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">useful life of the asset may subsequently be changed if the original  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.9725em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">assumptions, on which the useful life and any residual value are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:28.7225em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0322em;">based, have changed significantly.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:30.2225em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">The expected useful lifetime of intangible assets are as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:31.7225em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Acquired technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8769em;top:31.7225em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_187" style="word-spacing:-0.0152em;">15 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:32.4725em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8713em;top:32.4725em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_280" style="word-spacing:-0.0188em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.2225em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Distribution rights, patents and licenses etc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8213em;top:33.2225em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0311em;">5-20 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.9725em;"><span class="stl_46 stl_12 stl_676" style="word-spacing:-0.0528em;">IT software projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.1682em;top:33.9725em;"><span class="stl_46 stl_12 stl_351" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5312em;"><span class="stl_316 stl_08 stl_619" 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:11.2843em;"><span class="stl_557 stl_17 stl_475" style="word-spacing:-0.0431em;">Impairment testing other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0384em;"><span class="stl_910 stl_12 stl_124" style="word-spacing:-0.0404em;">At each reporting date, the Management performs an assessment of whether internal or external indications  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7676em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0387em;">of impairment of the identified intangible assets exist. If there is any indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4968em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">test is carried out. If an indication of impairment exists, the recoverable amount of the asset is determined, i.e.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.226em;"><span class="stl_910 stl_12 stl_517" style="word-spacing:-0.0416em;">the higher of the fair value of the asset less anticipated costs of disposal and its value-in-use.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.4277em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">Development projects in progress, either acquired or internally generated, are tested for impairment mini-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.157em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.038em;">mum on an annual basis and if any indication of impairment. For completed development projects, it is con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.8862em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.039em;">tinuously assessed whether there is any indication of impairment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0879em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0395em;">Impairment tests is either carried out by calculating the value in use, by use of discounted cashflow model,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8171em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.0389em;">or by calculating the fair value, depending on the type of intangible asset. If the initial impairment test shows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5463em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0389em;">a calculated amount lower than the carrying value of the asset, both fair value and value in use is calculated,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2756em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.0381em;">and an impairment loss is recognised at the higher amount of either fair value or value in use, if both calcu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0048em;"><span class="stl_910 stl_12 stl_105" style="word-spacing:-0.04em;">lated values are below the carrying amount of the asset. The impairment assessment, and possible following  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.734em;"><span class="stl_910 stl_12 stl_114" style="word-spacing:-0.0412em;">impairment test, is carried out per individual asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:10.4781em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.2356em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0333em;">Land and buildings, plant and machinery, as well as other plant, fix-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.9856em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">tures and fittings, tools and equipment are measured at cost, less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:12.7356em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">accumulated depreciation and impairment losses. Cost comprises  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:13.4856em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0394em;">the acquisition price and any costs directly attributable to the acqui-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.2356em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">sition until the date when the asset is ready for use. The cost of a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">total asset is divided into separate elements which are depreciated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:15.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">individually when the useful lives of the individual elements differ.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">The basis of depreciation is calculated in consideration of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.9856em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">residual value of the asset and is reduced by impairment losses,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:18.7356em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">if any. The residual value is fixed at the date of acquisition and is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:19.4856em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">subject to annual review. When the residual value exceeds the car-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.2356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">rying amount of the asset, depreciation will no longer take place. In  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">connection with changes in the depreciation period or the residual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:21.7356em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">value, the effect of depreciation is recognised in the future as a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:22.4856em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">change in the accounting estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:23.9856em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0397em;">The carrying amount of property, plant and equipment is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:24.7356em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">on an annual basis to establish whether there is any indication of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:25.4856em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">impairment. When such indication exists, an impairment test is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.2356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">performed. An impairment loss is recognised when the carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.9856em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">amount of an asset exceeds the recoverable amount of the asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:28.4856em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Property, plant and equipment are depreciated according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.2356em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0389em;">straight-line method over the expected useful lives of the assets/  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.9856em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">components as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:31.4856em;"><span class="stl_46 stl_12 stl_51">Buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.9361em;top:31.4856em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">10-40 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.2356em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Building installations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.9405em;top:32.2356em;"><span class="stl_46 stl_12 stl_231" style="word-spacing:-0.018em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.9856em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4268em;top:32.9856em;"><span class="stl_46 stl_12 stl_388" style="word-spacing:0.0086em;">2-10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:33.7356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">Other fixtures and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.6849em;top:33.7356em;"><span class="stl_46 stl_12 stl_351" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:35.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">Land is not depreciated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:36.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">Depreciation is recognised in the income statement under produc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:37.4856em;"><span class="stl_46 stl_12 stl_189" style="word-spacing:-0.041em;">tion costs, selling and distribution costs, development costs or man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:38.2356em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0343em;">agement and administrative expenses, as appropriate. See note 2.4.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:10.4774em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:11.2349em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">Lease assets are ‘right-of-use assets’, which refer to a contract or part of a contract that conveys the les-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:11.9849em;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0332em;">see’s right to use an asset for a period of time. At the commencement date, the Group recognises a lease  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:12.7349em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">liability and a corresponding right-of-use asset at the same amount. A right-of-use asset is initially mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:13.4849em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">sured at cost, which equals the initial lease liability and initial direct costs, less any lease incentives  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:14.2349em;"><span class="stl_46 stl_12 stl_13" 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:39.4507em;top:14.9849em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">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:39.4507em;top:15.7349em;"><span class="stl_46 stl_12 stl_130">terms.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:17.2349em;"><span class="stl_46 stl_12 stl_116" 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:39.4507em;top:17.9849em;"><span class="stl_46 stl_12 stl_74" 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:39.4507em;top:18.7349em;"><span class="stl_46 stl_12 stl_56" 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:39.4507em;top:19.4849em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">has chosen not to 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:39.4507em;top:20.2349em;"><span class="stl_46 stl_12 stl_558" 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:39.4507em;top:20.9849em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0345em;">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:4.7257em;top:25.6918em;"><span class="stl_316 stl_08 stl_619" 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:26.4493em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">Inventories are measured at the lower of cost, calculated according to the FIFO principle and net realis-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:27.1993em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">able value. The net realisable value is calculated as the selling price, less costs of completion and costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:27.9493em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">necessary to make the sale. The cost of goods for resale, as well as raw materials and consumables, com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:28.6993em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0405em;">prises the acquisition price plus delivery costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:30.1993em;"><span class="stl_46 stl_12 stl_123" 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:4.7257em;top:30.9493em;"><span class="stl_46 stl_12 stl_94" 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:4.7257em;top:31.6993em;"><span class="stl_46 stl_12 stl_94" 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:18.7812em;"><span class="stl_316 stl_08 stl_619" 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:19.5387em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">Trade receivables are measured at amortised cost, less write-down for lifetime expected credit losses. To  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">measure the expected credit losses, trade receivables are grouped according to shared credit risk charac-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">teristics and days overdue. Furthermore, an allowance for lifetime credit losses for trade receivables is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0349em;">recognised on initial recognition.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7281em;"><span class="stl_316 stl_08 stl_619" 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:19.4856em;"><span class="stl_46 stl_12 stl_76" 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:20.2356em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0377em;">proceeds received, less transaction costs paid. In subsequent periods, the financial liabilities are mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9856em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">sured 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:21.7356em;"><span class="stl_46 stl_12 stl_619" 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:22.4856em;"><span class="stl_46 stl_12 stl_95" 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:23.9856em;"><span class="stl_46 stl_12 stl_13" 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:24.7356em;"><span class="stl_46 stl_12 stl_34" 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:25.4856em;"><span class="stl_46 stl_12 stl_54" 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:26.9856em;"><span class="stl_46 stl_12 stl_63" 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:27.7356em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2356em;"><span class="stl_46 stl_12 stl_558" 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:4.7232em;top:17.1955em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.953em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign cur-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.703em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">rencies and amortisation of financial assets and liabilities, including leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:23.9778em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:24.7353em;"><span class="stl_46 stl_12 stl_13" 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:39.4492em;top:25.4853em;"><span class="stl_46 stl_12 stl_278" 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:39.4492em;top:26.2353em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">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:39.4492em;top:26.9853em;"><span class="stl_46 stl_12 stl_27" 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:4.7238em;top:26.8137em;"><span class="stl_316 stl_08 stl_619" 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:27.5712em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">Provisions are recognised when the Group, as a result of an event having occurred before or on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.3212em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0345em;">balance sheet date, has incurred a legal or actual liability, and it is probable that economic benefits will  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:29.0712em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">flow from the Group in order to settle the liability. If the effect of the time value of money is significant,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:29.8212em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">provisions are discounted using a pre-tax discount rate. When applying a discount rate, the change in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:30.5712em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0353em;">provisions, 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:39.4474em;top:26.9162em;"><span class="stl_316 stl_08 stl_520" style="word-spacing:-0.0376em;">§ Accounting policy  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:27.6737em;"><span class="stl_46 stl_12 stl_122" 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:39.4474em;top:28.4237em;"><span class="stl_46 stl_12 stl_80" 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:39.4474em;top:29.1737em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0381em;">This value is expensed over the service period for each of the respective schemes and taken to equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:29.9237em;"><span class="stl_46 stl_12 stl_122" 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:39.4474em;top:30.6737em;"><span class="stl_46 stl_12 stl_619" 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:39.4474em;top:31.4237em;"><span class="stl_46 stl_12 stl_28" 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:39.4474em;top:32.1737em;"><span class="stl_46 stl_12 stl_27" 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:39.4474em;top:32.9237em;"><span class="stl_46 stl_12 stl_80" 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:39.4474em;top:34.4237em;"><span class="stl_46 stl_12 stl_95" 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:39.4474em;top:35.1737em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">respective scheme end of the period is expensed to the income statement. This includes any changes to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:35.9237em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">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:39.4494em;top:20.7074em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:21.4649em;"><span class="stl_46 stl_12 stl_74" 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:39.4494em;top:22.2149em;"><span class="stl_46 stl_12 stl_309" 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:15.0387em;"><span class="stl_46 stl_12 stl_117" 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:15.7887em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">sented in accordance with IFRS accounting stand-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">ards as adopted by the EU and additional require-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">ments in the Danish Financial Statements Act. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0295em;">Group’s ultimate parent company, Ambu A/S, is a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0302em;">public limited company, domiciled in Denmark.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:10.5312em;"><span class="stl_316 stl_08 stl_59" 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:11.2887em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">Management has assesed the impact of new  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:12.0387em;"><span class="stl_46 stl_12 stl_80" 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:12.7887em;"><span class="stl_46 stl_12 stl_34" 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:13.5387em;"><span class="stl_46 stl_12 stl_117" 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:14.2887em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">after 1 October 2023.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:15.7887em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:16.5387em;"><span class="stl_46 stl_12 stl_86" style="word-spacing:-0.0271em;">of 1 October 2023:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:18.0387em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:0.2152em;">• Amendment</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.274em;top:18.0387em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">to IAS 1 “Presentation of Financial  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:18.7887em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">Statements and IFRS Practice Statement 2: Dis-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:19.5387em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">closure of Accounting Policies”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:21.0387em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:0.2152em;">• Amendment</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.274em;top:21.0387em;"><span class="stl_46 stl_12 stl_260" style="word-spacing:-0.0262em;">to IAS 8 “Accounting Policies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:21.7887em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0351em;">Changes in Accounting Estimates and Errors:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:22.5387em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">Definition of Accounting Estimates”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:24.0387em;"><span class="stl_46 stl_12 stl_130" style="word-spacing:0.2091em;">• Amendments</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.616em;top:24.0387em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0245em;">to IAS 12 “Income Taxes: Deferred  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:24.7887em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0343em;">Tax related to Assets and Liabilities arising from  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:25.5387em;"><span class="stl_46 stl_12 stl_178" style="word-spacing:-0.0271em;">a Single Transaction”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:27.0387em;"><span class="stl_46 stl_12 stl_130" style="word-spacing:0.2091em;">• Amendments</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.616em;top:27.0387em;"><span class="stl_46 stl_12 stl_191" style="word-spacing:-0.025em;">to IAS 12 “Income Taxes: Interna-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3738em;top:27.7887em;"><span class="stl_46 stl_12 stl_235" style="word-spacing:-0.0213em;">tional Tax Reform - Pillar Two Model Rules”  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:29.2887em;"><span class="stl_46 stl_12 stl_307" 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:30.0387em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">impact on the amounts recognised in the prior  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:30.7887em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">period and current period, and are not expected to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:31.5387em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0441em;">significantly affect future periods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7488em;top:33.0312em;"><span class="stl_316 stl_08 stl_75" 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:33.7887em;"><span class="stl_46 stl_12 stl_56" 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:34.5387em;"><span class="stl_46 stl_12 stl_54" 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:35.2887em;"><span class="stl_46 stl_12 stl_520" 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:36.0387em;"><span class="stl_46 stl_12 stl_54" 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:36.7887em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">statements for 2023/24. Management expects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_63" 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:4.7244em;top:11.2474em;"><span class="stl_46 stl_12 stl_122" 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:4.7244em;top:11.9974em;"><span class="stl_46 stl_12 stl_309" 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:4.7244em;top:12.7474em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0385em;">expected to have significant impact on the consoli-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4974em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0395em;">dated financial statements.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:24.0312em;"><span class="stl_316 stl_08 stl_517" 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:24.7812em;"><span class="stl_316 stl_08 stl_322" 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:25.5387em;"><span class="stl_46 stl_12 stl_315" 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:26.2887em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0394em;">ments, in conformity with IFRS, requires Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:27.0387em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">ment to make estimates and assumptions that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:27.7887em;"><span class="stl_46 stl_12 stl_60" 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:28.5387em;"><span class="stl_46 stl_12 stl_28" 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:29.2887em;"><span class="stl_46 stl_12 stl_56" 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:30.7887em;"><span class="stl_46 stl_12 stl_321" 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:31.5387em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">experience and various other assumptions that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:32.2887em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0337em;">are believed to be reasonable under the circum-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:33.0387em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0397em;">stances, the results of which form the basis for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:33.7887em;"><span class="stl_46 stl_12 stl_64" style="word-spacing:-0.042em;">making judgements about the reported carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:34.5387em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0393em;">amounts of assets and liabilities, and the reported  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:35.2887em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">amounts of revenues and expenses that may not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.0387em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">be readily apparent from other sources. Actual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.7887em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0417em;">results could differ from those estimates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:10.5387em;"><span class="stl_46 stl_12 stl_34" 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:11.2887em;"><span class="stl_46 stl_12 stl_27" 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:12.0387em;"><span class="stl_46 stl_12 stl_558" 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:12.7887em;"><span class="stl_46 stl_12 stl_315" 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:13.5387em;"><span class="stl_46 stl_12 stl_80" 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:14.2887em;"><span class="stl_46 stl_12 stl_80" 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:15.0387em;"><span class="stl_46 stl_12 stl_27" 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:16.5387em;"><span class="stl_46 stl_12 stl_497" style="word-spacing:-0.0316em;">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:17.2887em;"><span class="stl_46 stl_12 stl_118" 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:18.0387em;"><span class="stl_46 stl_12 stl_322" 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:18.7887em;"><span class="stl_46 stl_12 stl_74" 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:19.5387em;"><span class="stl_46 stl_12 stl_95" 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:20.2887em;"><span class="stl_46 stl_12 stl_94" 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:21.0387em;"><span class="stl_46 stl_12 stl_309" 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:21.7887em;"><span class="stl_46 stl_12 stl_13" 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:22.5387em;"><span class="stl_46 stl_12 stl_28" 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:23.2887em;"><span class="stl_46 stl_12 stl_116" 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:24.7887em;"><span class="stl_46 stl_12 stl_113" 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:25.5387em;"><span class="stl_46 stl_12 stl_318" 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:26.2887em;"><span class="stl_46 stl_12 stl_34" 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:27.0387em;"><span class="stl_46 stl_12 stl_28" 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:27.7887em;"><span class="stl_46 stl_12 stl_34" 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:28.5387em;"><span class="stl_46 stl_12 stl_81" 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:29.2887em;"><span class="stl_46 stl_12 stl_95" 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:30.0387em;"><span class="stl_46 stl_12 stl_13" 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:30.7887em;"><span class="stl_46 stl_12 stl_122" 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:32.2887em;"><span class="stl_46 stl_12 stl_307" 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:33.0387em;"><span class="stl_46 stl_12 stl_47" 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:33.7887em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">and judgements used in preparation of the conso-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:34.5387em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0369em;">lidated financial statements. Please refer to these  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:35.2887em;"><span class="stl_46 stl_12 stl_558" 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:36.0387em;"><span class="stl_46 stl_12 stl_619" 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:36.7887em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">assumptions applied.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.9098em;"><span class="stl_316 stl_08 stl_114" style="word-spacing:-0.0413em;">! Material accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.663em;"><span class="stl_557 stl_17 stl_319" style="word-spacing:-0.0437em;">Price adjustments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:35.4173em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0383em;">Price adjustments are offset against revenue and trade receivables, and primarily concern sales in the USA.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.1673em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">Price adjustments in the U.S. market are subject to estimation uncertainty, as the actual price adjustment is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.9173em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0345em;">not determined until the dealer’s sale to the end-customer (hospitals, clinics, etc.) has been completed. Price  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.6673em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0394em;">adjustments are the difference between the price agreed with the end-customer and the dealer’s list price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:38.4173em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0299em;">Price adjustments recognised in balance sheet amount to DKK 72m (DKK 54m) as of 30 September 2024.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.9277em;"><span class="stl_316 stl_08 stl_114" style="word-spacing:-0.0413em;">! Material accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.6808em;"><span class="stl_557 stl_17 stl_456" style="word-spacing:-0.0435em;">Impairment test of other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.4348em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0394em;">The Management assesses the risk of impairment of the Ambu Group’s intangible assets. This requires judg-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.1641em;"><span class="stl_910 stl_12 stl_60" style="word-spacing:-0.0396em;">ment in relation to the underlying assumptions of the future expected cashflow, of the individual assets, to be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.8933em;"><span class="stl_910 stl_12 stl_51" style="word-spacing:-0.0321em;">applied in the Group’s impairment model.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.095em;"><span class="stl_910 stl_12 stl_130" style="word-spacing:-0.0408em;">An impairment test is performed at least once a year for development projects in progress. The impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.8242em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0395em;">test is for each development project in progress determined on the basis of certain key assumptions, i.e. pay-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.5534em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0386em;">back time, net present value and actual development costs realised, compared to the business case.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.7551em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.0391em;">For acquired and completed development projects related to the GI technologies, the impairment test is con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.4844em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0388em;">ducted by use of the ‘relief from royalty’ method as the valuation model for determining the fair value. This is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.2136em;"><span class="stl_910 stl_12 stl_315" style="word-spacing:-0.0383em;">consistent with the valuation method applied when the technologies were acquired.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.4153em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0386em;">The fair value hierarchy, by use of the ‘relief from royalty’ method, is level 3, as unobservable inputs are used  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.1445em;"><span class="stl_910 stl_12 stl_13" style="word-spacing:-0.0373em;">to measure the fair value to the extent that relevant observable inputs are not available, which includes any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.8737em;"><span class="stl_910 stl_12 stl_13" style="word-spacing:-0.0371em;">information about market participant assumptions that is reasonably available.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:35.0754em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0388em;">The recoverable amount of each identified intangible asset, related to the GI technologies, is determined  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:35.8047em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0388em;">on the basis of certain key assumptions, i.e., expected revenue, royalty rate and discount rate, etc. The cash  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.5339em;"><span class="stl_910 stl_12 stl_319" style="word-spacing:-0.0438em;">flow projections for the individual assets, applied in the short-, mid- and long-term perspective, reflect Man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.2631em;"><span class="stl_910 stl_12 stl_105" style="word-spacing:-0.0399em;">agement’s best estimate, including Group-strategic initiatives, local initiatives, past experience and external  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.9923em;"><span class="stl_910 stl_12 stl_558" style="word-spacing:-0.0384em;">sources of information, where possible and relevant for the individual assets.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.7812em;"><span class="stl_316 stl_08 stl_517" 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:31.5387em;"><span class="stl_46 stl_12 stl_117" 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:32.2887em;"><span class="stl_46 stl_12 stl_56" 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:33.0387em;"><span class="stl_46 stl_12 stl_29" 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:33.7887em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">to the nearest million, unless otherwise stated. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.5387em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">annual report has been prepared in accordance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2887em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">with the historical cost principle, except for deriv-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.0387em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">ative financial instruments, which are measured at  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.7887em;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0332em;">fair value.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:19.4899em;"><span class="stl_316 stl_08 stl_453" 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:20.2474em;"><span class="stl_46 stl_12 stl_59" 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:20.9974em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">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:21.7474em;"><span class="stl_46 stl_12 stl_60" 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:22.4974em;"><span class="stl_46 stl_12 stl_485" 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:23.2474em;"><span class="stl_46 stl_12 stl_517">operates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:24.7474em;"><span class="stl_46 stl_12 stl_485" 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:25.4974em;"><span class="stl_46 stl_12 stl_63" 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:26.2474em;"><span class="stl_46 stl_12 stl_29" 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:26.9974em;"><span class="stl_46 stl_12 stl_278" 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:27.7474em;"><span class="stl_46 stl_12 stl_453" 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:28.4974em;"><span class="stl_46 stl_12 stl_113" 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:29.2474em;"><span class="stl_46 stl_12 stl_485" 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:29.9974em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">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:30.7474em;"><span class="stl_46 stl_12 stl_116" 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:32.2474em;"><span class="stl_46 stl_12 stl_315" 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:32.9974em;"><span class="stl_46 stl_12 stl_47" 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:33.7474em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">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:34.4974em;"><span class="stl_46 stl_12 stl_80" 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:35.2474em;"><span class="stl_46 stl_12 stl_278" 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:35.9974em;"><span class="stl_46 stl_12 stl_119" 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:36.7474em;"><span class="stl_46 stl_12 stl_119" 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:38.7407em;top:10.4974em;"><span class="stl_46 stl_12 stl_116" 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:38.7407em;top:11.2474em;"><span class="stl_46 stl_12 stl_63" 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:38.7407em;top:11.9974em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0369em;">statement under net financials.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:13.4974em;"><span class="stl_46 stl_12 stl_315" 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:38.7407em;top:14.2474em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">functional currency different than DKK are trans-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:14.9974em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">lated to Danish kroner at the exchange rates for  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:15.7474em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">balance sheet items applicable at the balance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:16.4974em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">sheet date and at average exchange rates, as far as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:17.2474em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">income statement items are concerned. Exchange  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:17.9974em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">rate differences arising from the translation of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:18.7474em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">net assets of such subsidiaries, at the beginning  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:19.4974em;"><span class="stl_46 stl_12 stl_109" 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:20.2474em;"><span class="stl_46 stl_12 stl_119" 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:20.9974em;"><span class="stl_46 stl_12 stl_95" 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:21.7474em;"><span class="stl_46 stl_12 stl_122" 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:22.4974em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0345em;">rates applicable at the balance sheet date, are re-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:23.2474em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0349em;">cognised in other comprehensive income and pre-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.7407em;top:23.9974em;"><span class="stl_46 stl_12 stl_117" 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:24.7474em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">translation adjustments under equity.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:32.9899em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">Cash flow statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:33.7474em;"><span class="stl_46 stl_12 stl_28" 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:55.7482em;top:34.4974em;"><span class="stl_46 stl_12 stl_116" 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:55.7482em;top:35.2474em;"><span class="stl_46 stl_12 stl_47" 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:55.7482em;top:35.9974em;"><span class="stl_46 stl_12 stl_119" 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:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash flows from operating activities are presented  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2474em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">using the indirect method, and calculated as the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9974em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0405em;">operating profit adjusted for non-cash operating  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7474em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">items, working capital changes, as well as finan-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4974em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">cial income received and financial expenses and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2474em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">income taxes paid.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7474em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0413em;">Cash flows from investing activities comprise  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.4974em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">payments in connection with acquisition of sub-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2474em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">sidiaries, activities and fixed and intangible asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.9974em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">investments and proceeds from the sale of proper-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7474em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0328em;">ty, plant and equipment. In the parent financial  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.4974em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0408em;">statements, investing activities also include receipt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2474em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0367em;">of dividends from subsidiaries.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7474em;"><span class="stl_46 stl_12 stl_60" 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:4.7244em;top:22.4974em;"><span class="stl_46 stl_12 stl_105" 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:4.7244em;top:23.2474em;"><span class="stl_46 stl_12 stl_56" 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:4.7244em;top:23.9974em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">repayment of debt. Cash flow from financing acti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7474em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">vities comprise changes to the size or composition  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.4974em;"><span class="stl_46 stl_12 stl_29" 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:4.7244em;top:26.2474em;"><span class="stl_46 stl_12 stl_47" 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:4.7244em;top:26.9974em;"><span class="stl_46 stl_12 stl_56" 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:4.7244em;top:27.7474em;"><span class="stl_46 stl_12 stl_278" 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:4.7244em;top:28.4974em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0319em;">Group’s shareholders.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.4974em;"><span class="stl_46 stl_12 stl_63" 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:21.7325em;top:11.2474em;"><span class="stl_46 stl_12 stl_619" 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:21.7325em;top:11.9974em;"><span class="stl_46 stl_12 stl_27" 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:21.7325em;top:12.7474em;"><span class="stl_46 stl_12 stl_56" 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:21.7325em;top:13.4974em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">transaction date.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:14.9974em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0416em;">Cash and cash equivalents comprise cash less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:15.7474em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">short-term bank debt, alternating between posi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.4974em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">tive and negative balances, as well as short-term  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:17.2474em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0415em;">deposits with a maturity less than three months.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.641em;top:23.9483em;"><span class="stl_224 stl_08 stl_190" 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:4.7244em;top:25.2199em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:25.2124em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:25.2124em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.7711em;"><span class="stl_46 stl_12 stl_168" style="word-spacing:-0.031em;">Change in inventories  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2107em;top:26.7711em;"><span class="stl_46 stl_12 stl_927">-170  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5819em;top:26.7711em;"><span class="stl_46 stl_12 stl_364">237  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.6924em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">Change in receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4432em;top:27.6924em;"><span class="stl_46 stl_12 stl_928">-40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7275em;top:27.6924em;"><span class="stl_46 stl_12 stl_156">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.6136em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0328em;">Change in payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.675em;top:28.6136em;"><span class="stl_46 stl_12 stl_65">99  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4432em;top:28.6136em;"><span class="stl_46 stl_12 stl_889">-211  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:29.5274em;"><span class="stl_316 stl_08 stl_558" style="word-spacing:-0.0383em;">Change in working capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1175em;top:29.5274em;"><span class="stl_316 stl_08 stl_929">-111  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6594em;top:29.5274em;"><span class="stl_316 stl_08 stl_329">-21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_224 stl_08 stl_47" 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_316 stl_08 stl_59">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2474em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1144em;top:11.2399em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0938em;top:11.2399em;"><span class="stl_316 stl_08 stl_362" 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_316 stl_08 stl_113">Adjustments</span><sup style="top: -0.2081em;"><span class="stl_755 stl_08 stl_665">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6473em;top:11.2399em;"><span class="stl_316 stl_08 stl_361" style="word-spacing:-0.0423em;">of leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8285em;top:11.2399em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7242em;top:12.7987em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8354em;top:12.7987em;"><span class="stl_46 stl_12 stl_76">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2329em;top:12.7987em;"><span class="stl_46 stl_12 stl_932">-65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2135em;top:12.7987em;"><span class="stl_46 stl_12 stl_105">-56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6873em;top:12.7987em;"><span class="stl_46 stl_12 stl_15">95  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5598em;top:12.7987em;"><span class="stl_46 stl_12 stl_166">558  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.7248em;top:13.7124em;"><span class="stl_316 stl_08 stl_166">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.1479em;top:13.7124em;"><span class="stl_316 stl_08 stl_331">-65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1248em;top:13.7124em;"><span class="stl_316 stl_08 stl_337">-56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6117em;top:13.7124em;"><span class="stl_316 stl_08 stl_53">95  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4429em;top:13.7124em;"><span class="stl_316 stl_08 stl_189">558  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0535em;top:16.2638em;"><span class="stl_316 stl_08 stl_59">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:17.0212em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1148em;top:17.0137em;"><span class="stl_316 stl_08 stl_582">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0942em;top:17.0137em;"><span class="stl_316 stl_08 stl_362" style="word-spacing:-0.0453em;">Cash flow</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.856em;top:17.0137em;"><span class="stl_316 stl_08 stl_558">Adjustments</span><sup style="top: -0.208em;"><span class="stl_755 stl_08 stl_608">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6473em;top:17.0138em;"><span class="stl_316 stl_08 stl_361" style="word-spacing:-0.0423em;">of leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8304em;top:17.0138em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7242em;top:18.5726em;"><span class="stl_46 stl_12 stl_117">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3304em;top:18.5726em;"><span class="stl_46 stl_12 stl_100">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.4198em;top:18.5726em;"><span class="stl_46 stl_12 stl_301">-1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9692em;top:18.5726em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.221em;top:18.5726em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4729em;top:18.5726em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7242em;top:19.4938em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8704em;top:19.4938em;"><span class="stl_46 stl_12 stl_359">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.231em;top:19.4938em;"><span class="stl_46 stl_12 stl_928">-63  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7998em;top:19.4938em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6717em;top:19.4938em;"><span class="stl_46 stl_12 stl_351">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.551em;top:19.4938em;"><span class="stl_46 stl_12 stl_76">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1204em;top:20.4076em;"><span class="stl_316 stl_08 stl_246">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.256em;top:20.4076em;"><span class="stl_316 stl_08 stl_376">-1,313  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7604em;top:20.4076em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5973em;top:20.4076em;"><span class="stl_316 stl_08 stl_54">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.441em;top:20.4076em;"><span class="stl_316 stl_08 stl_166">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.879em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1969em;top:21.8405em;"><span class="stl_478 stl_12 stl_892" style="word-spacing:-0.0541em;">Non-cash transactions mainly related to foreign currency translation.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:32.9899em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">Cash flow statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.7482em;top:33.7474em;"><span class="stl_46 stl_12 stl_28" 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:55.7482em;top:34.4974em;"><span class="stl_46 stl_12 stl_116" 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:55.7482em;top:35.2474em;"><span class="stl_46 stl_12 stl_47" 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:55.7482em;top:35.9974em;"><span class="stl_46 stl_12 stl_119" 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:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash flows from operating activities are presented  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2474em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">using the indirect method, and calculated as the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9974em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0405em;">operating profit adjusted for non-cash operating  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7474em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">items, working capital changes, as well as finan-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4974em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">cial income received and financial expenses and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2474em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">income taxes paid.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7474em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0413em;">Cash flows from investing activities comprise  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.4974em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">payments in connection with acquisition of sub-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2474em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">sidiaries, activities and fixed and intangible asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.9974em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">investments and proceeds from the sale of proper-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7474em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0328em;">ty, plant and equipment. In the parent financial  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.4974em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0408em;">statements, investing activities also include receipt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2474em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0367em;">of dividends from subsidiaries.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7474em;"><span class="stl_46 stl_12 stl_60" 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:4.7244em;top:22.4974em;"><span class="stl_46 stl_12 stl_105" 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:4.7244em;top:23.2474em;"><span class="stl_46 stl_12 stl_56" 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:4.7244em;top:23.9974em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">repayment of debt. Cash flow from financing acti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7474em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">vities comprise changes to the size or composition  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.4974em;"><span class="stl_46 stl_12 stl_29" 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:4.7244em;top:26.2474em;"><span class="stl_46 stl_12 stl_47" 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:4.7244em;top:26.9974em;"><span class="stl_46 stl_12 stl_56" 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:4.7244em;top:27.7474em;"><span class="stl_46 stl_12 stl_278" 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:4.7244em;top:28.4974em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0319em;">Group’s shareholders.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:10.4974em;"><span class="stl_46 stl_12 stl_63" 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:21.7325em;top:11.2474em;"><span class="stl_46 stl_12 stl_619" 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:21.7325em;top:11.9974em;"><span class="stl_46 stl_12 stl_27" 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:21.7325em;top:12.7474em;"><span class="stl_46 stl_12 stl_56" 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:21.7325em;top:13.4974em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">transaction date.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:14.9974em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0416em;">Cash and cash equivalents comprise cash less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:15.7474em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">short-term bank debt, alternating between posi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.4974em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">tive and negative balances, as well as short-term  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:17.2474em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0415em;">deposits with a maturity less than three months.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2399em;"><span class="stl_316 stl_08 stl_74" 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:35.9974em;"><span class="stl_46 stl_12 stl_94" 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:36.7474em;"><span class="stl_46 stl_12 stl_130" 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:21.7325em;top:10.4974em;"><span class="stl_46 stl_12 stl_122" 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:21.7325em;top:11.2474em;"><span class="stl_46 stl_12 stl_113" 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:21.7325em;top:11.9974em;"><span class="stl_46 stl_12 stl_520" 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:21.7325em;top:12.7474em;"><span class="stl_46 stl_12 stl_155" 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:21.7325em;top:14.2474em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">The subsidiaries’ financial statements are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:14.9974em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">adjusted, if necessary, to ensure that their account-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:15.7474em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">ing policies are consistent with those of the rest of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:16.4974em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.035em;">the group. All intercompany transactions, balan-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:17.2474em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">ces, income and expenses are fully eliminated on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:17.9974em;"><span class="stl_46 stl_12 stl_81">consolidation.  </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_224 stl_08 stl_112">2</span><span class="stl_224 stl_08 stl_893">.</span><span class="stl_224 stl_08 stl_15">1 </span><span class="stl_224 stl_08 stl_109">S</span><span class="stl_224 stl_08 stl_206" 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_557 stl_17 stl_468" 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_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Ambu is a supplier of medical technology products 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_46 stl_12 stl_60" style="word-spacing:-0.0397em;">ous products, no structural or organisational aspects allow for a division of earnings from individual pro-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0398em;">ducts, 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_46 stl_12 stl_27" 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_46 stl_12 stl_34" 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_46 stl_12 stl_113" 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_46 stl_12 stl_63" 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_46 stl_12 stl_61" 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_46 stl_12 stl_202" style="word-spacing:-0.0246em;">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_46 stl_12 stl_29" style="word-spacing:-0.0366em;">The majority of the Group’s intangible and tangible assets are located in Denmark, as the parent com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">pany owns the Group's intellectual property rights. Denmark accounts for DKK 1,828m (DKK 2,163m) of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">the amounts in Europe presented below. Deployed assets in North America and Rest of World primarily  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0349em;">relates to the Group's production facilities. The management monitors goodwill as a whole, and goodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">is thus not 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:23.9899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:23.9899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5412em;"><span class="stl_316 stl_08 stl_75" 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_46 stl_12 stl_749" style="word-spacing:-0.0512em;">North America  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3807em;top:26.4699em;"><span class="stl_46 stl_12 stl_138">141  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5938em;top:26.4699em;"><span class="stl_46 stl_12 stl_115">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.3912em;"><span class="stl_46 stl_12 stl_178">Europe  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.8413em;top:27.3912em;"><span class="stl_46 stl_12 stl_779">1,966  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0713em;top:27.3912em;"><span class="stl_46 stl_12 stl_334">2,315  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:28.3124em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0343em;">Rest of World  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3282em;top:28.3124em;"><span class="stl_46 stl_12 stl_57">723  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6325em;top:28.3124em;"><span class="stl_46 stl_12 stl_794">717  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:29.2262em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5569em;top:29.2262em;"><span class="stl_316 stl_08 stl_105">2,830  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8038em;top:29.2262em;"><span class="stl_316 stl_08 stl_361">3,200  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_224 stl_08 stl_171" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0487em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0341em;">Endoscopy Solutions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5782em;top:12.0487em;"><span class="stl_46 stl_12 stl_376">3,190  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7582em;top:12.0487em;"><span class="stl_46 stl_12 stl_358">2,687  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:12.9699em;"><span class="stl_46 stl_12 stl_64">Anaesthesia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.6051em;top:12.9699em;"><span class="stl_46 stl_12 stl_340">1,155  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7751em;top:12.9699em;"><span class="stl_46 stl_12 stl_15">1,093  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:13.8912em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.0331em;">Patient Monitoring  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5076em;top:13.8912em;"><span class="stl_46 stl_12 stl_50">1,046  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2876em;top:13.8912em;"><span class="stl_46 stl_12 stl_266">995  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:14.8049em;"><span class="stl_316 stl_08 stl_485" style="word-spacing:-0.0341em;">Total revenue by activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3088em;top:14.8049em;"><span class="stl_316 stl_08 stl_231">5,391  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5963em;top:14.8049em;"><span class="stl_316 stl_08 stl_395">4,775  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4501em;top:16.2456em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0351em;">North America</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_502" style="word-spacing:-0.0601em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5326em;top:16.2458em;"><span class="stl_46 stl_12 stl_264">2,732  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7801em;top:16.2458em;"><span class="stl_46 stl_12 stl_327">2,424  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.167em;"><span class="stl_46 stl_12 stl_221">Europe</span><sup style="top: -0.2081em;"><span class="stl_703 stl_12 stl_432">2  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.6451em;top:17.1671em;"><span class="stl_46 stl_12 stl_858">2,114  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7576em;top:17.1671em;"><span class="stl_46 stl_12 stl_135">1,863  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:18.0883em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">Rest of World  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0151em;top:18.0883em;"><span class="stl_46 stl_12 stl_350">545  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2701em;top:18.0883em;"><span class="stl_46 stl_12 stl_458">488  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:19.0021em;"><span class="stl_316 stl_08 stl_126" style="word-spacing:-0.0287em;">Total revenue by markets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3076em;top:19.0021em;"><span class="stl_316 stl_08 stl_231">5,391  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5951em;top:19.0021em;"><span class="stl_316 stl_08 stl_395">4,775  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.4735em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.9213em;top:20.435em;"><span class="stl_478 stl_12 stl_591" style="word-spacing:-0.0496em;">North America includes revenue in the USA of DKK 2,666m (DKK 2,364m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0568em;"><span class="stl_704 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.9213em;top:21.0183em;"><span class="stl_478 stl_12 stl_318" style="word-spacing:-0.0422em;">The Group's domicile country, Denmark, is included in Europe at DKK 58m (DKK 57m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.3911em;"><span class="stl_557 stl_17 stl_361" 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_46 stl_12 stl_60" style="word-spacing:-0.0396em;">The Group's primary performance obligation is the sale and delivery of medical technology products to cus-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.8955em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0387em;">tomers. The performance obligation is fulfilled when the risk of the goods is passed to the buyer, which most  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.6455em;"><span class="stl_46 stl_12 stl_251" style="word-spacing:-0.037em;">often occurs at delivery at the customer's address. Due to the Group's focus on disposable devices, the Group  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.3955em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0353em;">is not subject to any material guarantee obligations, and customers are not entitled to return unused goods.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.7361em;"><span class="stl_46 stl_12 stl_589" style="word-spacing:-0.0343em;">The Group's customers have payment terms that reflect the market in which the sale takes place. For the major-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.4861em;"><span class="stl_46 stl_12 stl_289" style="word-spacing:-0.0358em;">ity of sales, payment terms are 15-60 days, with a very limited amount of the sales up to 360 days. Historically,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.2361em;"><span class="stl_46 stl_12 stl_243" style="word-spacing:-0.0366em;">the Group 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:39.4488em;top:29.5692em;"><span class="stl_316 stl_08 stl_619" 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:30.3267em;"><span class="stl_46 stl_12 stl_187" style="word-spacing:-0.0352em;">Revenue from the sale of goods is recognised in the income statement, when all performance obligations have  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.0767em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0356em;">been fulfilled at the point in time when risk is transferred. Revenue is measured at the fair value of the agreed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.8267em;"><span class="stl_46 stl_12 stl_542" style="word-spacing:-0.0335em;">consideration, excluding VAT and taxes collected on behalf of a third party. At the time of recognition of reve-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.5767em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0356em;">nue, a number of price 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:39.4488em;top:33.9098em;"><span class="stl_316 stl_08 stl_114" style="word-spacing:-0.0413em;">! Material accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.663em;"><span class="stl_557 stl_17 stl_319" style="word-spacing:-0.0437em;">Price adjustments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:35.4173em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0383em;">Price adjustments are offset against revenue and trade receivables, and primarily concern sales in the USA.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.1673em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">Price adjustments in the U.S. market are subject to estimation uncertainty, as the actual price adjustment is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.9173em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0345em;">not determined until the dealer’s sale to the end-customer (hospitals, clinics, etc.) has been completed. Price  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.6673em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0394em;">adjustments are the difference between the price agreed with the end-customer and the dealer’s list price.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:38.4173em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0299em;">Price adjustments recognised in balance sheet amount to DKK 72m (DKK 54m) as of 30 September 2024.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.5692em;"><span class="stl_316 stl_08 stl_619" 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:30.3267em;"><span class="stl_46 stl_12 stl_187" style="word-spacing:-0.0352em;">Revenue from the sale of goods is recognised in the income statement, when all performance obligations have  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.0767em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0356em;">been fulfilled at the point in time when risk is transferred. Revenue is measured at the fair value of the agreed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.8267em;"><span class="stl_46 stl_12 stl_542" style="word-spacing:-0.0335em;">consideration, excluding VAT and taxes collected on behalf of a third party. At the time of recognition of reve-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.5767em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0356em;">nue, a number of price 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:9.2258em;"><span class="stl_224 stl_08 stl_227" 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:10.5387em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0411em;">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:11.9974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:11.9899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:11.9899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5487em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:13.5487em;"><span class="stl_46 stl_12 stl_369">474  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5494em;top:13.5487em;"><span class="stl_46 stl_12 stl_59">409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.4699em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3232em;top:14.4699em;"><span class="stl_46 stl_12 stl_240">869  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5475em;top:14.4699em;"><span class="stl_46 stl_12 stl_64">833  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.3912em;"><span class="stl_46 stl_12 stl_59" 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:15.3912em;"><span class="stl_46 stl_12 stl_377">81  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9507em;top:15.3912em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.3124em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3132em;top:16.3124em;"><span class="stl_46 stl_12 stl_212">339  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5613em;top:16.3124em;"><span class="stl_46 stl_12 stl_189">302  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2337em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.89em;top:17.2337em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:17.2337em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.1474em;"><span class="stl_316 stl_08 stl_105" style="word-spacing:-0.04em;">Total staff expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.66em;top:18.1474em;"><span class="stl_316 stl_08 stl_376">1,762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.86em;top:18.1474em;"><span class="stl_316 stl_08 stl_446">1,628  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.588em;"><span class="stl_46 stl_12 stl_383" 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:30.3544em;top:19.588em;"><span class="stl_46 stl_12 stl_894">132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5938em;top:19.588em;"><span class="stl_46 stl_12 stl_115">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5093em;"><span class="stl_46 stl_12 stl_60" 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:20.5093em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:20.5093em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.423em;"><span class="stl_316 stl_08 stl_430" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6163em;top:21.423em;"><span class="stl_316 stl_08 stl_388">1,897  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8482em;top:21.423em;"><span class="stl_316 stl_08 stl_89">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4849em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Staff costs are distributed between the Executive Management, the Board of Directors and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_46 stl_12 stl_291" style="word-spacing:-0.0323em;">other 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:12.6868em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:12.6868em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_46 stl_12 stl_619">Remuneration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4069em;top:14.2456em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6626em;top:14.2456em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_46 stl_12 stl_29" 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_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:15.1668em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.0881em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:16.0881em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:16.0881em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0093em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:17.0093em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:17.0093em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9306em;"><span class="stl_46 stl_12 stl_125" 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:65.7769em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8443em;"><span class="stl_316 stl_08 stl_362" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3219em;top:18.8443em;"><span class="stl_316 stl_08 stl_54">33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5788em;top:18.8443em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.285em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5076em;top:20.285em;"><span class="stl_46 stl_12 stl_159">1,630  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7707em;top:20.285em;"><span class="stl_46 stl_12 stl_438">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.2062em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4144em;top:21.2062em;"><span class="stl_46 stl_12 stl_53">91  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:21.2062em;"><span class="stl_46 stl_12 stl_541">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.1275em;"><span class="stl_46 stl_12 stl_657" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1269em;top:22.1275em;"><span class="stl_46 stl_12 stl_397">116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3269em;top:22.1275em;"><span class="stl_46 stl_12 stl_339">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.0487em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4101em;top:23.0487em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6888em;top:23.0487em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.97em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7763em;top:23.97em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:23.97em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:24.8837em;"><span class="stl_316 stl_08 stl_430" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3401em;top:24.8837em;"><span class="stl_316 stl_08 stl_708">1,897  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5719em;top:24.8837em;"><span class="stl_316 stl_08 stl_290">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:26.3243em;"><span class="stl_46 stl_12 stl_51" 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:64.5038em;top:26.3243em;"><span class="stl_46 stl_12 stl_241">4,894  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7201em;top:26.3243em;"><span class="stl_46 stl_12 stl_361">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:27.2456em;"><span class="stl_46 stl_12 stl_314" 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:64.5963em;top:27.2456em;"><span class="stl_46 stl_12 stl_895">5,196  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8226em;top:27.2456em;"><span class="stl_46 stl_12 stl_843">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:28.7149em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 40m (DKK 29m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.2075em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.9649em;"><span class="stl_46 stl_12 stl_558" 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:39.4482em;top:31.7149em;"><span class="stl_46 stl_12 stl_63" 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:39.4482em;top:32.465em;"><span class="stl_46 stl_12 stl_34">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_224 stl_08 stl_48" 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_46 stl_12 stl_119" style="word-spacing:-0.0337em;">Share-based payment is governed by the Remuneration Policy, approved by the Board of Directors and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">adopted at the annual general meeting. 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:12.7812em;"><span class="stl_316 stl_08 stl_28" 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:14.2474em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:14.2399em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:14.2399em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7987em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.0401em;">Performance Share Units, amortised cost during  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.5487em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.035em;">the period, based on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:16.5487em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:16.5487em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.4699em;"><span class="stl_46 stl_12 stl_117" 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:18.2199em;"><span class="stl_46 stl_12 stl_307">management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:18.2199em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:18.2199em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.1337em;"><span class="stl_316 stl_08 stl_60" 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:19.1337em;"><span class="stl_316 stl_08 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9894em;top:19.1337em;"><span class="stl_316 stl_08 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.5743em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0402em;">Performance Share Units, amortised cost during vesting-period,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.3243em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">based on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4413em;top:21.3243em;"><span class="stl_46 stl_12 stl_97">14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:21.3243em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.2455em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0385em;">Employee shares, amortised cost during vesting-period,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.9955em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">based on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7763em;top:22.9955em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:22.9955em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.9093em;"><span class="stl_316 stl_08 stl_28" 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:65.3313em;top:23.9093em;"><span class="stl_316 stl_08 stl_73">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5757em;top:23.9093em;"><span class="stl_316 stl_08 stl_171">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:25.3818em;"><span class="stl_557 stl_17 stl_315" style="word-spacing:-0.0383em;">Performance Share Units (PSU)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:26.1362em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">In 2023/24, 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:39.4482em;top:26.8862em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">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:39.4482em;top:27.6362em;"><span class="stl_46 stl_12 stl_206" style="word-spacing:-0.0305em;">into the performance was organic revenue growth (50%) and EBIT margin before special items (50%),  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:28.3862em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0244em;">which was achieved by 91% of maximum potential. The fair value per PSU at grant date was DKK 99.10. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:29.1362em;z-index:2449;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0333em;">programme will vest in January 202</span><span class="stl_46 stl_12 stl_348">7</span><span class="stl_46 stl_12 stl_15" style="word-spacing:0em;">, </span><span class="stl_46 stl_12 stl_51">a</span><span class="stl_46 stl_12 stl_320" style="word-spacing:-0.0405em;">fter a three-year vesting period.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.6362em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0303em;">In 2022/23, a PSU programme was granted under the same conditions as in 2023/24. The fair value per  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:31.3862em;"><span class="stl_46 stl_12 stl_203" style="word-spacing:-0.0252em;">PSU at grant date was DKK 91.12. The financial target was organic revenue growth (50%) and EBIT margin  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:32.1362em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">before special items (50%), which was achieved by 68% of maximum potential.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.8152em;top:10.5081em;"><span class="stl_316 stl_08 stl_105">Executive  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1702em;top:10.5081em;"><span class="stl_316 stl_08 stl_468" 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:11.2581em;"><span class="stl_316 stl_08 stl_74">Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.2009em;top:11.2581em;"><span class="stl_316 stl_08 stl_220">employees  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7071em;top:11.2581em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.0515em;top:12.3212em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.8184em;top:12.3212em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.6109em;top:12.3212em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.3777em;top:12.3212em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1702em;top:12.3212em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9371em;top:12.3212em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:13.7756em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:-0.0425em;">Outstanding PSUs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:14.5256em;"><span class="stl_46 stl_12 stl_383" style="word-spacing:-0.0429em;">at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.7152em;top:14.5256em;"><span class="stl_46 stl_12 stl_351">84,648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.8721em;top:14.5256em;"><span class="stl_46 stl_12 stl_227">8,548  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.9159em;top:14.5256em;"><span class="stl_46 stl_12 stl_122">254,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.7715em;top:14.5256em;"><span class="stl_46 stl_12 stl_499">189,884  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5234em;top:14.5256em;"><span class="stl_46 stl_12 stl_283">339,533  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3071em;top:14.5256em;"><span class="stl_46 stl_12 stl_317">198,432  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7258em;top:15.4469em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">Allocated during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.8152em;top:15.4469em;"><span class="stl_46 stl_12 stl_393">89,624  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.6259em;top:15.4469em;"><span class="stl_46 stl_12 stl_934">76,100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.9309em;top:15.4469em;"><span class="stl_46 stl_12 stl_171">236,439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8065em;top:15.4469em;"><span class="stl_46 stl_12 stl_431">238,917  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5046em;top:15.4469em;"><span class="stl_46 stl_12 stl_217">326,063  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3984em;top:15.4469em;"><span class="stl_46 stl_12 stl_935">315,017  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7258em;top:16.3681em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.604em;top:16.3681em;"><span class="stl_46 stl_12 stl_519">-21,030  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3565em;top:16.3681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.354em;top:16.3681em;"><span class="stl_46 stl_12 stl_513">21,030  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.9152em;top:16.3681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6946em;top:16.3681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.474em;top:16.3681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:17.2894em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">Exercised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5765em;top:17.2894em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3559em;top:17.2894em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.1352em;top:17.2894em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.619em;top:17.2894em;"><span class="stl_46 stl_12 stl_411">-168,070  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.694em;top:17.2894em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.1777em;top:17.2894em;"><span class="stl_46 stl_12 stl_411">-168,070  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7246em;top:18.2106em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5759em;top:18.2106em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3552em;top:18.2106em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2371em;top:18.2106em;z-index:419;"><span class="stl_46 stl_12 stl_797">-17</span><span class="stl_46 stl_12 stl_331">,</span><span class="stl_46 stl_12 stl_54">303  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.224em;top:18.2106em;"><span class="stl_46 stl_12 stl_471">-5,846  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7965em;top:18.2106em;z-index:432;"><span class="stl_46 stl_12 stl_797">-17</span><span class="stl_46 stl_12 stl_331">,</span><span class="stl_46 stl_12 stl_54">303  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.7833em;top:18.2106em;"><span class="stl_46 stl_12 stl_471">-5,846  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:19.1244em;"><span class="stl_316 stl_08 stl_408" style="word-spacing:-0.0457em;">Outstanding PSUs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:19.8744em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.1202em;top:19.8744em;"><span class="stl_316 stl_08 stl_251">153,242  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2746em;top:19.8744em;"><span class="stl_316 stl_08 stl_123">84,648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7115em;top:19.8744em;"><span class="stl_316 stl_08 stl_223">495,051  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4333em;top:19.8744em;"><span class="stl_316 stl_08 stl_168">254,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.2052em;top:19.8744em;"><span class="stl_316 stl_08 stl_54">648,293  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0359em;top:19.8744em;"><span class="stl_316 stl_08 stl_103">339,533  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:21.3512em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Outstanding PSUs have, on average, 1.8 years and 1.7 years until contract expiry for the Executive Man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:22.1012em;"><span class="stl_46 stl_12 stl_61" style="word-spacing:-0.0314em;">agement and 'Other and former employees', respectively. The average market price on the date of exer-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:22.8512em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">cise was DKK 92 in 2022/23, and the exercise price in accordance with the policy was DKK 0.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:24.3469em;"><span class="stl_557 stl_17 stl_29" style="word-spacing:-0.0365em;">Employee shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:25.1012em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">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:4.7252em;top:25.8512em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">percentage of their annual base salary. The number of shares, with which an employee participates, is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:26.6012em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">matched free of charge after two years (Restricted Stock Units). The Executive Management participates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:27.3512em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">with 1,200 (646) shares in the current employee share programmes currently under vesting. The total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:28.1012em;"><span class="stl_46 stl_12 stl_198" style="word-spacing:-0.0216em;">market value at the time of allocation in 2024 was DKK 6m (DKK 7m) at a fair value per share of DKK 129.96  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:28.8512em;"><span class="stl_46 stl_12 stl_174" style="word-spacing:-0.0196em;">(DKK 108.69) at grant date.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1695em;top:30.3025em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9364em;top:30.3025em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:31.8612em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0422em;">Outstanding shares at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6976em;top:31.8612em;"><span class="stl_46 stl_12 stl_541">179,159  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3201em;top:31.8612em;"><span class="stl_46 stl_12 stl_586">162,053  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:32.7825em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">Allocated during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.9264em;top:32.7825em;"><span class="stl_46 stl_12 stl_671">40,949  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.722em;top:32.7825em;z-index:1467;"><span class="stl_46 stl_12 stl_937">67</span><span class="stl_46 stl_12 stl_331">,</span><span class="stl_46 stl_12 stl_116">364  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:33.7037em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.0329em;">Released during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7476em;top:33.7037em;z-index:1498;"><span class="stl_46 stl_12 stl_826">-88</span><span class="stl_46 stl_12 stl_938">,</span><span class="stl_46 stl_12 stl_96">178  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.4976em;top:33.7037em;z-index:1505;"><span class="stl_46 stl_12 stl_262">-3</span><span class="stl_46 stl_12 stl_348">7</span><span class="stl_46 stl_12 stl_65">,</span><span class="stl_46 stl_12 stl_458">488  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:34.625em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7226em;top:34.625em;"><span class="stl_46 stl_12 stl_264">-20,728  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.5701em;top:34.625em;"><span class="stl_46 stl_12 stl_376">-12,770  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:35.5387em;"><span class="stl_316 stl_08 stl_538" style="word-spacing:-0.0434em;">Outstanding shares at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3377em;top:35.5387em;"><span class="stl_316 stl_08 stl_406">111,202  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.1939em;top:35.5387em;"><span class="stl_316 stl_08 stl_550">179,159  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5387em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Legacy incentive equity-based remuneration to current and prior employees, incl. prior Executive Man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">agement, includes stock options and warrants. According to the current Remuneration Policy, Ambu only  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0387em;"><span class="stl_46 stl_12 stl_64" style="word-spacing:-0.042em;">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_316 stl_08 stl_105" 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_316 stl_08 stl_75">Warrants  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.4312em;top:13.4899em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.7755em;top:14.553em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.5424em;top:14.553em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3349em;top:14.553em;"><span class="stl_316 stl_08 stl_189" style="word-spacing:1.405em;">2023/24 2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.8943em;top:14.553em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6612em;top:14.553em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4493em;top:16.0074em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0419em;">Outstanding shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4493em;top:16.7574em;"><span class="stl_46 stl_12 stl_383" style="word-spacing:-0.0429em;">at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.6649em;top:16.7574em;"><span class="stl_46 stl_12 stl_334">1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.4643em;top:16.7574em;"><span class="stl_46 stl_12 stl_780">1,774,247  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8593em;top:16.7574em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.5124em;top:16.7574em;"><span class="stl_46 stl_12 stl_607">169,500  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.783em;top:16.7574em;"><span class="stl_46 stl_12 stl_334">1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6062em;top:16.7574em;"><span class="stl_46 stl_12 stl_783">1,943,747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4493em;top:17.6787em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">Exercised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.3005em;top:17.6787em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.7743em;top:17.6787em;"><span class="stl_46 stl_12 stl_936">-314,760  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8593em;top:17.6787em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6387em;top:17.6787em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.418em;top:17.6787em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8918em;top:17.6787em;"><span class="stl_46 stl_12 stl_936">-314,760  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:18.5999em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.8305em;top:18.5999em;"><span class="stl_46 stl_12 stl_892">-445,553  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.093em;top:18.5999em;"><span class="stl_46 stl_12 stl_257">-21,330  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8587em;top:18.5999em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.3487em;top:18.5999em;"><span class="stl_46 stl_12 stl_345">-169,500  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.948em;top:18.5999em;"><span class="stl_46 stl_12 stl_892">-445,553  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8574em;top:18.5999em;"><span class="stl_46 stl_12 stl_490">-190,830  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:19.5137em;"><span class="stl_316 stl_08 stl_465" style="word-spacing:-0.0465em;">Outstanding shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:20.2637em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.8074em;top:20.2637em;"><span class="stl_316 stl_08 stl_312" style="word-spacing:0.7253em;">992,604 1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8493em;top:20.2637em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6287em;top:20.2637em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.9249em;top:20.2637em;"><span class="stl_316 stl_08 stl_312" style="word-spacing:0.7253em;">992,604 1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:21.7043em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0398em;">Of which are vested  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0849em;top:21.7043em;"><span class="stl_46 stl_12 stl_312" style="word-spacing:1.2651em;">992,604 1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8574em;top:21.7043em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6368em;top:21.7043em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.203em;top:21.7043em;"><span class="stl_46 stl_12 stl_312" style="word-spacing:1.2651em;">992,604 1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:23.1737em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0303em;">The average market price on the date of exercise of share options was DKK 106.32 in 2022/23.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:24.6737em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">Outstanding share options have on average 0.7 years until contract expiry at an exercise price of DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:25.4237em;"><span class="stl_46 stl_12 stl_92" style="word-spacing:-0.0045em;">134.10 per option.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_224 stl_08 stl_227" 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:10.5387em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0411em;">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:11.9974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:11.9899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:11.9899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5487em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:13.5487em;"><span class="stl_46 stl_12 stl_369">474  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5494em;top:13.5487em;"><span class="stl_46 stl_12 stl_59">409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.4699em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3232em;top:14.4699em;"><span class="stl_46 stl_12 stl_240">869  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5475em;top:14.4699em;"><span class="stl_46 stl_12 stl_64">833  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.3912em;"><span class="stl_46 stl_12 stl_59" 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:15.3912em;"><span class="stl_46 stl_12 stl_377">81  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9507em;top:15.3912em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.3124em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3132em;top:16.3124em;"><span class="stl_46 stl_12 stl_212">339  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5613em;top:16.3124em;"><span class="stl_46 stl_12 stl_189">302  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2337em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.89em;top:17.2337em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:17.2337em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.1474em;"><span class="stl_316 stl_08 stl_105" style="word-spacing:-0.04em;">Total staff expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.66em;top:18.1474em;"><span class="stl_316 stl_08 stl_376">1,762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.86em;top:18.1474em;"><span class="stl_316 stl_08 stl_446">1,628  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.588em;"><span class="stl_46 stl_12 stl_383" 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:30.3544em;top:19.588em;"><span class="stl_46 stl_12 stl_894">132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5938em;top:19.588em;"><span class="stl_46 stl_12 stl_115">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5093em;"><span class="stl_46 stl_12 stl_60" 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:20.5093em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:20.5093em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.423em;"><span class="stl_316 stl_08 stl_430" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6163em;top:21.423em;"><span class="stl_316 stl_08 stl_388">1,897  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8482em;top:21.423em;"><span class="stl_316 stl_08 stl_89">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4849em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Staff costs are distributed between the Executive Management, the Board of Directors and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_46 stl_12 stl_291" style="word-spacing:-0.0323em;">other 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:12.6868em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:12.6868em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_46 stl_12 stl_619">Remuneration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4069em;top:14.2456em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6626em;top:14.2456em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_46 stl_12 stl_29" 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_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:15.1668em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.0881em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:16.0881em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:16.0881em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0093em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:17.0093em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:17.0093em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9306em;"><span class="stl_46 stl_12 stl_125" 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:65.7769em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8443em;"><span class="stl_316 stl_08 stl_362" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3219em;top:18.8443em;"><span class="stl_316 stl_08 stl_54">33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5788em;top:18.8443em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.285em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5076em;top:20.285em;"><span class="stl_46 stl_12 stl_159">1,630  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7707em;top:20.285em;"><span class="stl_46 stl_12 stl_438">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.2062em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4144em;top:21.2062em;"><span class="stl_46 stl_12 stl_53">91  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:21.2062em;"><span class="stl_46 stl_12 stl_541">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.1275em;"><span class="stl_46 stl_12 stl_657" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1269em;top:22.1275em;"><span class="stl_46 stl_12 stl_397">116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3269em;top:22.1275em;"><span class="stl_46 stl_12 stl_339">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.0487em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4101em;top:23.0487em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6888em;top:23.0487em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.97em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7763em;top:23.97em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:23.97em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:24.8837em;"><span class="stl_316 stl_08 stl_430" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3401em;top:24.8837em;"><span class="stl_316 stl_08 stl_708">1,897  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5719em;top:24.8837em;"><span class="stl_316 stl_08 stl_290">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:26.3243em;"><span class="stl_46 stl_12 stl_51" 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:64.5038em;top:26.3243em;"><span class="stl_46 stl_12 stl_241">4,894  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7201em;top:26.3243em;"><span class="stl_46 stl_12 stl_361">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:27.2456em;"><span class="stl_46 stl_12 stl_314" 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:64.5963em;top:27.2456em;"><span class="stl_46 stl_12 stl_895">5,196  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8226em;top:27.2456em;"><span class="stl_46 stl_12 stl_843">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:28.7149em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 40m (DKK 29m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.2075em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.9649em;"><span class="stl_46 stl_12 stl_558" 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:39.4482em;top:31.7149em;"><span class="stl_46 stl_12 stl_63" 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:39.4482em;top:32.465em;"><span class="stl_46 stl_12 stl_34">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:24.3469em;"><span class="stl_557 stl_17 stl_29" style="word-spacing:-0.0365em;">Employee shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:25.1012em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">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:4.7252em;top:25.8512em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">percentage of their annual base salary. The number of shares, with which an employee participates, is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:26.6012em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">matched free of charge after two years (Restricted Stock Units). The Executive Management participates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:27.3512em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">with 1,200 (646) shares in the current employee share programmes currently under vesting. The total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:28.1012em;"><span class="stl_46 stl_12 stl_198" style="word-spacing:-0.0216em;">market value at the time of allocation in 2024 was DKK 6m (DKK 7m) at a fair value per share of DKK 129.96  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:28.8512em;"><span class="stl_46 stl_12 stl_174" style="word-spacing:-0.0196em;">(DKK 108.69) at grant date.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_224 stl_08 stl_227" 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:10.5387em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0411em;">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:11.9974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:11.9899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:11.9899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5487em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:13.5487em;"><span class="stl_46 stl_12 stl_369">474  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5494em;top:13.5487em;"><span class="stl_46 stl_12 stl_59">409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.4699em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3232em;top:14.4699em;"><span class="stl_46 stl_12 stl_240">869  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5475em;top:14.4699em;"><span class="stl_46 stl_12 stl_64">833  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.3912em;"><span class="stl_46 stl_12 stl_59" 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:15.3912em;"><span class="stl_46 stl_12 stl_377">81  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9507em;top:15.3912em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.3124em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3132em;top:16.3124em;"><span class="stl_46 stl_12 stl_212">339  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5613em;top:16.3124em;"><span class="stl_46 stl_12 stl_189">302  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2337em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.89em;top:17.2337em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:17.2337em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.1474em;"><span class="stl_316 stl_08 stl_105" style="word-spacing:-0.04em;">Total staff expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.66em;top:18.1474em;"><span class="stl_316 stl_08 stl_376">1,762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.86em;top:18.1474em;"><span class="stl_316 stl_08 stl_446">1,628  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.588em;"><span class="stl_46 stl_12 stl_383" 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:30.3544em;top:19.588em;"><span class="stl_46 stl_12 stl_894">132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5938em;top:19.588em;"><span class="stl_46 stl_12 stl_115">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5093em;"><span class="stl_46 stl_12 stl_60" 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:20.5093em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:20.5093em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.423em;"><span class="stl_316 stl_08 stl_430" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6163em;top:21.423em;"><span class="stl_316 stl_08 stl_388">1,897  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8482em;top:21.423em;"><span class="stl_316 stl_08 stl_89">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4849em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Staff costs are distributed between the Executive Management, the Board of Directors and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_46 stl_12 stl_291" style="word-spacing:-0.0323em;">other 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:12.6868em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:12.6868em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_46 stl_12 stl_619">Remuneration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4069em;top:14.2456em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6626em;top:14.2456em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_46 stl_12 stl_29" 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_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:15.1668em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.0881em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:16.0881em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:16.0881em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0093em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:17.0093em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:17.0093em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9306em;"><span class="stl_46 stl_12 stl_125" 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:65.7769em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8443em;"><span class="stl_316 stl_08 stl_362" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3219em;top:18.8443em;"><span class="stl_316 stl_08 stl_54">33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5788em;top:18.8443em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.285em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5076em;top:20.285em;"><span class="stl_46 stl_12 stl_159">1,630  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7707em;top:20.285em;"><span class="stl_46 stl_12 stl_438">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.2062em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4144em;top:21.2062em;"><span class="stl_46 stl_12 stl_53">91  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:21.2062em;"><span class="stl_46 stl_12 stl_541">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.1275em;"><span class="stl_46 stl_12 stl_657" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1269em;top:22.1275em;"><span class="stl_46 stl_12 stl_397">116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3269em;top:22.1275em;"><span class="stl_46 stl_12 stl_339">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.0487em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4101em;top:23.0487em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6888em;top:23.0487em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.97em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7763em;top:23.97em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:23.97em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:24.8837em;"><span class="stl_316 stl_08 stl_430" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3401em;top:24.8837em;"><span class="stl_316 stl_08 stl_708">1,897  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5719em;top:24.8837em;"><span class="stl_316 stl_08 stl_290">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:26.3243em;"><span class="stl_46 stl_12 stl_51" 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:64.5038em;top:26.3243em;"><span class="stl_46 stl_12 stl_241">4,894  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7201em;top:26.3243em;"><span class="stl_46 stl_12 stl_361">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:27.2456em;"><span class="stl_46 stl_12 stl_314" 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:64.5963em;top:27.2456em;"><span class="stl_46 stl_12 stl_895">5,196  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8226em;top:27.2456em;"><span class="stl_46 stl_12 stl_843">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:28.7149em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 40m (DKK 29m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.2075em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.9649em;"><span class="stl_46 stl_12 stl_558" 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:39.4482em;top:31.7149em;"><span class="stl_46 stl_12 stl_63" 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:39.4482em;top:32.465em;"><span class="stl_46 stl_12 stl_34">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_224 stl_08 stl_619" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0413em;">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_46 stl_12 stl_95" style="word-spacing:-0.0356em;">with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7282em;top:12.7987em;"><span class="stl_46 stl_12 stl_397">61  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9569em;top:12.7987em;"><span class="stl_46 stl_12 stl_366">47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.7199em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0385em;">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:30.3344em;top:13.7199em;"><span class="stl_46 stl_12 stl_301">154  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6132em;top:13.7199em;"><span class="stl_46 stl_12 stl_768">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.6412em;"><span class="stl_46 stl_12 stl_95" 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:30.6982em;top:14.6412em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:14.6412em;"><span class="stl_46 stl_12 stl_100">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.5624em;"><span class="stl_46 stl_12 stl_117" 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_46 stl_12 stl_405">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9238em;top:15.5624em;"><span class="stl_46 stl_12 stl_405">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.4837em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:-0.0424em;">Net loss on disposed non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:16.4837em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:16.4837em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.4049em;"><span class="stl_46 stl_12 stl_322" 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:30.3013em;top:17.4049em;"><span class="stl_46 stl_12 stl_54">333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.935em;top:17.4049em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3187em;"><span class="stl_316 stl_08 stl_117" 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:30.2132em;top:18.3187em;"><span class="stl_316 stl_08 stl_378">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4357em;top:18.3187em;"><span class="stl_316 stl_08 stl_51">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.7955em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0312em;">In 2023/24, DKK 327m of the total impairment losses on non-current assets of DKK 333m relates to an  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5455em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">impairment of GI technologies reflecting the longer time required to penetrate the market. The impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.2955em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0302em;">ment losses are charged to 'special items'. Please 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:22.7955em;"><span class="stl_46 stl_12 stl_309" 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:24.2544em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:24.2469em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:24.2469em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.8056em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.67em;top:25.8056em;"><span class="stl_46 stl_12 stl_112">84  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:25.8056em;"><span class="stl_46 stl_12 stl_100">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.7269em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6825em;top:26.7269em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:26.7269em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.6481em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3513em;top:27.6481em;"><span class="stl_46 stl_12 stl_52">210  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5844em;top:27.6481em;"><span class="stl_46 stl_12 stl_334">188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.5694em;"><span class="stl_46 stl_12 stl_94" 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:28.5694em;"><span class="stl_46 stl_12 stl_351">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9244em;top:28.5694em;"><span class="stl_46 stl_12 stl_405">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.4906em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.315em;top:29.4906em;"><span class="stl_46 stl_12 stl_50">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9638em;top:29.4906em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.4044em;"><span class="stl_316 stl_08 stl_117" 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:30.2132em;top:30.4044em;"><span class="stl_316 stl_08 stl_378">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4357em;top:30.4044em;"><span class="stl_316 stl_08 stl_51">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8737em;"><span class="stl_316 stl_08 stl_619" 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:32.6312em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">For a description of accounting policies, please refer 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:9.2258em;"><span class="stl_224 stl_08 stl_227" style="word-spacing:-0.0484em;">2.3 Staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4849em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Staff costs are distributed between the Executive Management, the Board of Directors and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_46 stl_12 stl_291" style="word-spacing:-0.0323em;">other 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:12.6868em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:12.6868em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_46 stl_12 stl_619">Remuneration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4069em;top:14.2456em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6626em;top:14.2456em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_46 stl_12 stl_29" 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_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:15.1668em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.0881em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:16.0881em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:16.0881em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0093em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:17.0093em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:17.0093em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9306em;"><span class="stl_46 stl_12 stl_125" 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:65.7769em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8443em;"><span class="stl_316 stl_08 stl_362" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3219em;top:18.8443em;"><span class="stl_316 stl_08 stl_54">33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5788em;top:18.8443em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.285em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5076em;top:20.285em;"><span class="stl_46 stl_12 stl_159">1,630  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7707em;top:20.285em;"><span class="stl_46 stl_12 stl_438">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.2062em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4144em;top:21.2062em;"><span class="stl_46 stl_12 stl_53">91  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:21.2062em;"><span class="stl_46 stl_12 stl_541">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.1275em;"><span class="stl_46 stl_12 stl_657" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1269em;top:22.1275em;"><span class="stl_46 stl_12 stl_397">116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3269em;top:22.1275em;"><span class="stl_46 stl_12 stl_339">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.0487em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4101em;top:23.0487em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6888em;top:23.0487em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.97em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7763em;top:23.97em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:23.97em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:24.8837em;"><span class="stl_316 stl_08 stl_430" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3401em;top:24.8837em;"><span class="stl_316 stl_08 stl_708">1,897  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5719em;top:24.8837em;"><span class="stl_316 stl_08 stl_290">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:26.3243em;"><span class="stl_46 stl_12 stl_51" 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:64.5038em;top:26.3243em;"><span class="stl_46 stl_12 stl_241">4,894  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7201em;top:26.3243em;"><span class="stl_46 stl_12 stl_361">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:27.2456em;"><span class="stl_46 stl_12 stl_314" 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:64.5963em;top:27.2456em;"><span class="stl_46 stl_12 stl_895">5,196  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8226em;top:27.2456em;"><span class="stl_46 stl_12 stl_843">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:28.7149em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 40m (DKK 29m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.2075em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.9649em;"><span class="stl_46 stl_12 stl_558" 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:39.4482em;top:31.7149em;"><span class="stl_46 stl_12 stl_63" 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:39.4482em;top:32.465em;"><span class="stl_46 stl_12 stl_34">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_224 stl_08 stl_48" 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_46 stl_12 stl_119" style="word-spacing:-0.0337em;">Share-based payment is governed by the Remuneration Policy, approved by the Board of Directors and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">adopted at the annual general meeting. 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:12.7812em;"><span class="stl_316 stl_08 stl_28" 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:14.2474em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:14.2399em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:14.2399em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7987em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.0401em;">Performance Share Units, amortised cost during  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.5487em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.035em;">the period, based on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:16.5487em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:16.5487em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.4699em;"><span class="stl_46 stl_12 stl_117" 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:18.2199em;"><span class="stl_46 stl_12 stl_307">management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:18.2199em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:18.2199em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.1337em;"><span class="stl_316 stl_08 stl_60" 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:19.1337em;"><span class="stl_316 stl_08 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9894em;top:19.1337em;"><span class="stl_316 stl_08 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.5743em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0402em;">Performance Share Units, amortised cost during vesting-period,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.3243em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">based on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4413em;top:21.3243em;"><span class="stl_46 stl_12 stl_97">14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:21.3243em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.2455em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0385em;">Employee shares, amortised cost during vesting-period,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.9955em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">based on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7763em;top:22.9955em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:22.9955em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.9093em;"><span class="stl_316 stl_08 stl_28" 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:65.3313em;top:23.9093em;"><span class="stl_316 stl_08 stl_73">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5757em;top:23.9093em;"><span class="stl_316 stl_08 stl_171">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:25.3818em;"><span class="stl_557 stl_17 stl_315" style="word-spacing:-0.0383em;">Performance Share Units (PSU)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:26.1362em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">In 2023/24, 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:39.4482em;top:26.8862em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">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:39.4482em;top:27.6362em;"><span class="stl_46 stl_12 stl_206" style="word-spacing:-0.0305em;">into the performance was organic revenue growth (50%) and EBIT margin before special items (50%),  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:28.3862em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0244em;">which was achieved by 91% of maximum potential. The fair value per PSU at grant date was DKK 99.10. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:29.1362em;z-index:2449;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0333em;">programme will vest in January 202</span><span class="stl_46 stl_12 stl_348">7</span><span class="stl_46 stl_12 stl_15" style="word-spacing:0em;">, </span><span class="stl_46 stl_12 stl_51">a</span><span class="stl_46 stl_12 stl_320" style="word-spacing:-0.0405em;">fter a three-year vesting period.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.6362em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0303em;">In 2022/23, a PSU programme was granted under the same conditions as in 2023/24. The fair value per  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:31.3862em;"><span class="stl_46 stl_12 stl_203" style="word-spacing:-0.0252em;">PSU at grant date was DKK 91.12. The financial target was organic revenue growth (50%) and EBIT margin  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:32.1362em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">before special items (50%), which was achieved by 68% of maximum potential.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.8152em;top:10.5081em;"><span class="stl_316 stl_08 stl_105">Executive  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1702em;top:10.5081em;"><span class="stl_316 stl_08 stl_468" 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:11.2581em;"><span class="stl_316 stl_08 stl_74">Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.2009em;top:11.2581em;"><span class="stl_316 stl_08 stl_220">employees  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7071em;top:11.2581em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.0515em;top:12.3212em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.8184em;top:12.3212em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.6109em;top:12.3212em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.3777em;top:12.3212em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1702em;top:12.3212em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9371em;top:12.3212em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:13.7756em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:-0.0425em;">Outstanding PSUs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:14.5256em;"><span class="stl_46 stl_12 stl_383" style="word-spacing:-0.0429em;">at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.7152em;top:14.5256em;"><span class="stl_46 stl_12 stl_351">84,648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.8721em;top:14.5256em;"><span class="stl_46 stl_12 stl_227">8,548  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.9159em;top:14.5256em;"><span class="stl_46 stl_12 stl_122">254,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.7715em;top:14.5256em;"><span class="stl_46 stl_12 stl_499">189,884  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5234em;top:14.5256em;"><span class="stl_46 stl_12 stl_283">339,533  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3071em;top:14.5256em;"><span class="stl_46 stl_12 stl_317">198,432  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7258em;top:15.4469em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">Allocated during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.8152em;top:15.4469em;"><span class="stl_46 stl_12 stl_393">89,624  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.6259em;top:15.4469em;"><span class="stl_46 stl_12 stl_934">76,100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.9309em;top:15.4469em;"><span class="stl_46 stl_12 stl_171">236,439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8065em;top:15.4469em;"><span class="stl_46 stl_12 stl_431">238,917  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5046em;top:15.4469em;"><span class="stl_46 stl_12 stl_217">326,063  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3984em;top:15.4469em;"><span class="stl_46 stl_12 stl_935">315,017  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7258em;top:16.3681em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.604em;top:16.3681em;"><span class="stl_46 stl_12 stl_519">-21,030  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3565em;top:16.3681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.354em;top:16.3681em;"><span class="stl_46 stl_12 stl_513">21,030  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.9152em;top:16.3681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6946em;top:16.3681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.474em;top:16.3681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:17.2894em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">Exercised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5765em;top:17.2894em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3559em;top:17.2894em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.1352em;top:17.2894em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.619em;top:17.2894em;"><span class="stl_46 stl_12 stl_411">-168,070  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.694em;top:17.2894em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.1777em;top:17.2894em;"><span class="stl_46 stl_12 stl_411">-168,070  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7246em;top:18.2106em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5759em;top:18.2106em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3552em;top:18.2106em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2371em;top:18.2106em;z-index:419;"><span class="stl_46 stl_12 stl_797">-17</span><span class="stl_46 stl_12 stl_331">,</span><span class="stl_46 stl_12 stl_54">303  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.224em;top:18.2106em;"><span class="stl_46 stl_12 stl_471">-5,846  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7965em;top:18.2106em;z-index:432;"><span class="stl_46 stl_12 stl_797">-17</span><span class="stl_46 stl_12 stl_331">,</span><span class="stl_46 stl_12 stl_54">303  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.7833em;top:18.2106em;"><span class="stl_46 stl_12 stl_471">-5,846  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:19.1244em;"><span class="stl_316 stl_08 stl_408" style="word-spacing:-0.0457em;">Outstanding PSUs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:19.8744em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.1202em;top:19.8744em;"><span class="stl_316 stl_08 stl_251">153,242  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2746em;top:19.8744em;"><span class="stl_316 stl_08 stl_123">84,648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7115em;top:19.8744em;"><span class="stl_316 stl_08 stl_223">495,051  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4333em;top:19.8744em;"><span class="stl_316 stl_08 stl_168">254,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.2052em;top:19.8744em;"><span class="stl_316 stl_08 stl_54">648,293  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0359em;top:19.8744em;"><span class="stl_316 stl_08 stl_103">339,533  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:21.3512em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Outstanding PSUs have, on average, 1.8 years and 1.7 years until contract expiry for the Executive Man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:22.1012em;"><span class="stl_46 stl_12 stl_61" style="word-spacing:-0.0314em;">agement and 'Other and former employees', respectively. The average market price on the date of exer-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:22.8512em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">cise was DKK 92 in 2022/23, and the exercise price in accordance with the policy was DKK 0.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:24.3469em;"><span class="stl_557 stl_17 stl_29" style="word-spacing:-0.0365em;">Employee shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:25.1012em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">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:4.7252em;top:25.8512em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">percentage of their annual base salary. The number of shares, with which an employee participates, is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:26.6012em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">matched free of charge after two years (Restricted Stock Units). The Executive Management participates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:27.3512em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">with 1,200 (646) shares in the current employee share programmes currently under vesting. The total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:28.1012em;"><span class="stl_46 stl_12 stl_198" style="word-spacing:-0.0216em;">market value at the time of allocation in 2024 was DKK 6m (DKK 7m) at a fair value per share of DKK 129.96  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:28.8512em;"><span class="stl_46 stl_12 stl_174" style="word-spacing:-0.0196em;">(DKK 108.69) at grant date.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1695em;top:30.3025em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9364em;top:30.3025em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:31.8612em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0422em;">Outstanding shares at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6976em;top:31.8612em;"><span class="stl_46 stl_12 stl_541">179,159  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3201em;top:31.8612em;"><span class="stl_46 stl_12 stl_586">162,053  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:32.7825em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">Allocated during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.9264em;top:32.7825em;"><span class="stl_46 stl_12 stl_671">40,949  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.722em;top:32.7825em;z-index:1467;"><span class="stl_46 stl_12 stl_937">67</span><span class="stl_46 stl_12 stl_331">,</span><span class="stl_46 stl_12 stl_116">364  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:33.7037em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.0329em;">Released during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7476em;top:33.7037em;z-index:1498;"><span class="stl_46 stl_12 stl_826">-88</span><span class="stl_46 stl_12 stl_938">,</span><span class="stl_46 stl_12 stl_96">178  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.4976em;top:33.7037em;z-index:1505;"><span class="stl_46 stl_12 stl_262">-3</span><span class="stl_46 stl_12 stl_348">7</span><span class="stl_46 stl_12 stl_65">,</span><span class="stl_46 stl_12 stl_458">488  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:34.625em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7226em;top:34.625em;"><span class="stl_46 stl_12 stl_264">-20,728  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.5701em;top:34.625em;"><span class="stl_46 stl_12 stl_376">-12,770  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:35.5387em;"><span class="stl_316 stl_08 stl_538" style="word-spacing:-0.0434em;">Outstanding shares at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3377em;top:35.5387em;"><span class="stl_316 stl_08 stl_406">111,202  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.1939em;top:35.5387em;"><span class="stl_316 stl_08 stl_550">179,159  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5387em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Legacy incentive equity-based remuneration to current and prior employees, incl. prior Executive Man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">agement, includes stock options and warrants. According to the current Remuneration Policy, Ambu only  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0387em;"><span class="stl_46 stl_12 stl_64" style="word-spacing:-0.042em;">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_316 stl_08 stl_105" 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_316 stl_08 stl_75">Warrants  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.4312em;top:13.4899em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.7755em;top:14.553em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.5424em;top:14.553em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3349em;top:14.553em;"><span class="stl_316 stl_08 stl_189" style="word-spacing:1.405em;">2023/24 2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.8943em;top:14.553em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6612em;top:14.553em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4493em;top:16.0074em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0419em;">Outstanding shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4493em;top:16.7574em;"><span class="stl_46 stl_12 stl_383" style="word-spacing:-0.0429em;">at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.6649em;top:16.7574em;"><span class="stl_46 stl_12 stl_334">1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.4643em;top:16.7574em;"><span class="stl_46 stl_12 stl_780">1,774,247  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8593em;top:16.7574em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.5124em;top:16.7574em;"><span class="stl_46 stl_12 stl_607">169,500  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.783em;top:16.7574em;"><span class="stl_46 stl_12 stl_334">1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6062em;top:16.7574em;"><span class="stl_46 stl_12 stl_783">1,943,747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4493em;top:17.6787em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">Exercised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.3005em;top:17.6787em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.7743em;top:17.6787em;"><span class="stl_46 stl_12 stl_936">-314,760  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8593em;top:17.6787em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6387em;top:17.6787em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.418em;top:17.6787em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8918em;top:17.6787em;"><span class="stl_46 stl_12 stl_936">-314,760  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:18.5999em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.8305em;top:18.5999em;"><span class="stl_46 stl_12 stl_892">-445,553  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.093em;top:18.5999em;"><span class="stl_46 stl_12 stl_257">-21,330  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8587em;top:18.5999em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.3487em;top:18.5999em;"><span class="stl_46 stl_12 stl_345">-169,500  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.948em;top:18.5999em;"><span class="stl_46 stl_12 stl_892">-445,553  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8574em;top:18.5999em;"><span class="stl_46 stl_12 stl_490">-190,830  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:19.5137em;"><span class="stl_316 stl_08 stl_465" style="word-spacing:-0.0465em;">Outstanding shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:20.2637em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.8074em;top:20.2637em;"><span class="stl_316 stl_08 stl_312" style="word-spacing:0.7253em;">992,604 1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8493em;top:20.2637em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6287em;top:20.2637em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.9249em;top:20.2637em;"><span class="stl_316 stl_08 stl_312" style="word-spacing:0.7253em;">992,604 1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:21.7043em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0398em;">Of which are vested  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0849em;top:21.7043em;"><span class="stl_46 stl_12 stl_312" style="word-spacing:1.2651em;">992,604 1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8574em;top:21.7043em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6368em;top:21.7043em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.203em;top:21.7043em;"><span class="stl_46 stl_12 stl_312" style="word-spacing:1.2651em;">992,604 1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:23.1737em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0303em;">The average market price on the date of exercise of share options was DKK 106.32 in 2022/23.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:24.6737em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">Outstanding share options have on average 0.7 years until contract expiry at an exercise price of DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:25.4237em;"><span class="stl_46 stl_12 stl_92" style="word-spacing:-0.0045em;">134.10 per option.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:26.9162em;"><span class="stl_316 stl_08 stl_520" style="word-spacing:-0.0376em;">§ Accounting policy  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:27.6737em;"><span class="stl_46 stl_12 stl_122" 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:39.4474em;top:28.4237em;"><span class="stl_46 stl_12 stl_80" 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:39.4474em;top:29.1737em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0381em;">This value is expensed over the service period for each of the respective schemes and taken to equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:29.9237em;"><span class="stl_46 stl_12 stl_122" 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:39.4474em;top:30.6737em;"><span class="stl_46 stl_12 stl_619" 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:39.4474em;top:31.4237em;"><span class="stl_46 stl_12 stl_28" 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:39.4474em;top:32.1737em;"><span class="stl_46 stl_12 stl_27" 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:39.4474em;top:32.9237em;"><span class="stl_46 stl_12 stl_80" 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:39.4474em;top:34.4237em;"><span class="stl_46 stl_12 stl_95" 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:39.4474em;top:35.1737em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">respective scheme end of the period is expensed to the income statement. This includes any changes to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:35.9237em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">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_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Staff costs are distributed between the Executive Management, the Board of Directors and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_46 stl_12 stl_291" style="word-spacing:-0.0323em;">other 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:12.6868em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:12.6868em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_46 stl_12 stl_619">Remuneration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4069em;top:14.2456em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6626em;top:14.2456em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_46 stl_12 stl_29" 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_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:15.1668em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.0881em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:16.0881em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:16.0881em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0093em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:17.0093em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:17.0093em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9306em;"><span class="stl_46 stl_12 stl_125" 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:65.7769em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8443em;"><span class="stl_316 stl_08 stl_362" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3219em;top:18.8443em;"><span class="stl_316 stl_08 stl_54">33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5788em;top:18.8443em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.285em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5076em;top:20.285em;"><span class="stl_46 stl_12 stl_159">1,630  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7707em;top:20.285em;"><span class="stl_46 stl_12 stl_438">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.2062em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4144em;top:21.2062em;"><span class="stl_46 stl_12 stl_53">91  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:21.2062em;"><span class="stl_46 stl_12 stl_541">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.1275em;"><span class="stl_46 stl_12 stl_657" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1269em;top:22.1275em;"><span class="stl_46 stl_12 stl_397">116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3269em;top:22.1275em;"><span class="stl_46 stl_12 stl_339">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.0487em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4101em;top:23.0487em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6888em;top:23.0487em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.97em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7763em;top:23.97em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:23.97em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:24.8837em;"><span class="stl_316 stl_08 stl_430" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3401em;top:24.8837em;"><span class="stl_316 stl_08 stl_708">1,897  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5719em;top:24.8837em;"><span class="stl_316 stl_08 stl_290">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:26.3243em;"><span class="stl_46 stl_12 stl_51" 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:64.5038em;top:26.3243em;"><span class="stl_46 stl_12 stl_241">4,894  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7201em;top:26.3243em;"><span class="stl_46 stl_12 stl_361">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:27.2456em;"><span class="stl_46 stl_12 stl_314" 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:64.5963em;top:27.2456em;"><span class="stl_46 stl_12 stl_895">5,196  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8226em;top:27.2456em;"><span class="stl_46 stl_12 stl_843">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:28.7149em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 40m (DKK 29m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.2075em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.9649em;"><span class="stl_46 stl_12 stl_558" 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:39.4482em;top:31.7149em;"><span class="stl_46 stl_12 stl_63" 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:39.4482em;top:32.465em;"><span class="stl_46 stl_12 stl_34">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0413em;">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_46 stl_12 stl_95" style="word-spacing:-0.0356em;">with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7282em;top:12.7987em;"><span class="stl_46 stl_12 stl_397">61  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9569em;top:12.7987em;"><span class="stl_46 stl_12 stl_366">47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.7199em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0385em;">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:30.3344em;top:13.7199em;"><span class="stl_46 stl_12 stl_301">154  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6132em;top:13.7199em;"><span class="stl_46 stl_12 stl_768">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.6412em;"><span class="stl_46 stl_12 stl_95" 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:30.6982em;top:14.6412em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:14.6412em;"><span class="stl_46 stl_12 stl_100">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.5624em;"><span class="stl_46 stl_12 stl_117" 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_46 stl_12 stl_405">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9238em;top:15.5624em;"><span class="stl_46 stl_12 stl_405">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.4837em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:-0.0424em;">Net loss on disposed non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:16.4837em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:16.4837em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.4049em;"><span class="stl_46 stl_12 stl_322" 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:30.3013em;top:17.4049em;"><span class="stl_46 stl_12 stl_54">333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.935em;top:17.4049em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3187em;"><span class="stl_316 stl_08 stl_117" 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:30.2132em;top:18.3187em;"><span class="stl_316 stl_08 stl_378">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4357em;top:18.3187em;"><span class="stl_316 stl_08 stl_51">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.7955em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0312em;">In 2023/24, DKK 327m of the total impairment losses on non-current assets of DKK 333m relates to an  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5455em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">impairment of GI technologies reflecting the longer time required to penetrate the market. The impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.2955em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0302em;">ment losses are charged to 'special items'. Please 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:22.7955em;"><span class="stl_46 stl_12 stl_309" 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:24.2544em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:24.2469em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:24.2469em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.8056em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.67em;top:25.8056em;"><span class="stl_46 stl_12 stl_112">84  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:25.8056em;"><span class="stl_46 stl_12 stl_100">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.7269em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6825em;top:26.7269em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:26.7269em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.6481em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3513em;top:27.6481em;"><span class="stl_46 stl_12 stl_52">210  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5844em;top:27.6481em;"><span class="stl_46 stl_12 stl_334">188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.5694em;"><span class="stl_46 stl_12 stl_94" 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:28.5694em;"><span class="stl_46 stl_12 stl_351">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9244em;top:28.5694em;"><span class="stl_46 stl_12 stl_405">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.4906em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.315em;top:29.4906em;"><span class="stl_46 stl_12 stl_50">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9638em;top:29.4906em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.4044em;"><span class="stl_316 stl_08 stl_117" 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:30.2132em;top:30.4044em;"><span class="stl_316 stl_08 stl_378">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4357em;top:30.4044em;"><span class="stl_316 stl_08 stl_51">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8737em;"><span class="stl_316 stl_08 stl_619" 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:32.6312em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">For a description of accounting policies, please refer 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:10.4849em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Staff costs are distributed between the Executive Management, the Board of Directors and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_46 stl_12 stl_291" style="word-spacing:-0.0323em;">other 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:12.6868em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:12.6868em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_46 stl_12 stl_619">Remuneration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4069em;top:14.2456em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6626em;top:14.2456em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_46 stl_12 stl_29" 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_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:15.1668em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.0881em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:16.0881em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:16.0881em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0093em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:17.0093em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:17.0093em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9306em;"><span class="stl_46 stl_12 stl_125" 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:65.7769em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8443em;"><span class="stl_316 stl_08 stl_362" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3219em;top:18.8443em;"><span class="stl_316 stl_08 stl_54">33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5788em;top:18.8443em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.285em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5076em;top:20.285em;"><span class="stl_46 stl_12 stl_159">1,630  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7707em;top:20.285em;"><span class="stl_46 stl_12 stl_438">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.2062em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4144em;top:21.2062em;"><span class="stl_46 stl_12 stl_53">91  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:21.2062em;"><span class="stl_46 stl_12 stl_541">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.1275em;"><span class="stl_46 stl_12 stl_657" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1269em;top:22.1275em;"><span class="stl_46 stl_12 stl_397">116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3269em;top:22.1275em;"><span class="stl_46 stl_12 stl_339">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.0487em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4101em;top:23.0487em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6888em;top:23.0487em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.97em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7763em;top:23.97em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:23.97em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:24.8837em;"><span class="stl_316 stl_08 stl_430" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3401em;top:24.8837em;"><span class="stl_316 stl_08 stl_708">1,897  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5719em;top:24.8837em;"><span class="stl_316 stl_08 stl_290">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:26.3243em;"><span class="stl_46 stl_12 stl_51" 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:64.5038em;top:26.3243em;"><span class="stl_46 stl_12 stl_241">4,894  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7201em;top:26.3243em;"><span class="stl_46 stl_12 stl_361">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:27.2456em;"><span class="stl_46 stl_12 stl_314" 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:64.5963em;top:27.2456em;"><span class="stl_46 stl_12 stl_895">5,196  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8226em;top:27.2456em;"><span class="stl_46 stl_12 stl_843">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:28.7149em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 40m (DKK 29m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.2075em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.9649em;"><span class="stl_46 stl_12 stl_558" 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:39.4482em;top:31.7149em;"><span class="stl_46 stl_12 stl_63" 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:39.4482em;top:32.465em;"><span class="stl_46 stl_12 stl_34">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0413em;">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_46 stl_12 stl_95" style="word-spacing:-0.0356em;">with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7282em;top:12.7987em;"><span class="stl_46 stl_12 stl_397">61  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9569em;top:12.7987em;"><span class="stl_46 stl_12 stl_366">47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.7199em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0385em;">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:30.3344em;top:13.7199em;"><span class="stl_46 stl_12 stl_301">154  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6132em;top:13.7199em;"><span class="stl_46 stl_12 stl_768">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.6412em;"><span class="stl_46 stl_12 stl_95" 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:30.6982em;top:14.6412em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:14.6412em;"><span class="stl_46 stl_12 stl_100">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.5624em;"><span class="stl_46 stl_12 stl_117" 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_46 stl_12 stl_405">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9238em;top:15.5624em;"><span class="stl_46 stl_12 stl_405">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.4837em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:-0.0424em;">Net loss on disposed non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:16.4837em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:16.4837em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.4049em;"><span class="stl_46 stl_12 stl_322" 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:30.3013em;top:17.4049em;"><span class="stl_46 stl_12 stl_54">333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.935em;top:17.4049em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3187em;"><span class="stl_316 stl_08 stl_117" 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:30.2132em;top:18.3187em;"><span class="stl_316 stl_08 stl_378">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4357em;top:18.3187em;"><span class="stl_316 stl_08 stl_51">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.7955em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0312em;">In 2023/24, DKK 327m of the total impairment losses on non-current assets of DKK 333m relates to an  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5455em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">impairment of GI technologies reflecting the longer time required to penetrate the market. The impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.2955em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0302em;">ment losses are charged to 'special items'. Please 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:22.7955em;"><span class="stl_46 stl_12 stl_309" 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:24.2544em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:24.2469em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:24.2469em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.8056em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.67em;top:25.8056em;"><span class="stl_46 stl_12 stl_112">84  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:25.8056em;"><span class="stl_46 stl_12 stl_100">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.7269em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6825em;top:26.7269em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:26.7269em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.6481em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3513em;top:27.6481em;"><span class="stl_46 stl_12 stl_52">210  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5844em;top:27.6481em;"><span class="stl_46 stl_12 stl_334">188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.5694em;"><span class="stl_46 stl_12 stl_94" 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:28.5694em;"><span class="stl_46 stl_12 stl_351">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9244em;top:28.5694em;"><span class="stl_46 stl_12 stl_405">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.4906em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.315em;top:29.4906em;"><span class="stl_46 stl_12 stl_50">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9638em;top:29.4906em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.4044em;"><span class="stl_316 stl_08 stl_117" 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:30.2132em;top:30.4044em;"><span class="stl_316 stl_08 stl_378">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4357em;top:30.4044em;"><span class="stl_316 stl_08 stl_51">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8737em;"><span class="stl_316 stl_08 stl_619" 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:32.6312em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">For a description of accounting policies, please refer to notes 3.1, 3.2 and 3.3.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:10.478em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.2355em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.9855em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">ble net assets of the acquired company. Subsequently, goodwill is measured at cost, less accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:12.7355em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">impairment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.2355em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to bene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.9855em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0307em;">fit from the business combination; however, not to a level lower than the segment level and the level on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:15.7355em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">which goodwill is monitored, as part of the internal financial management. The Management has identi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.4855em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">fied 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:39.4482em;top:17.9855em;"><span class="stl_46 stl_12 stl_123" 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:39.4482em;top:18.7355em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:39.4482em;top:19.4855em;"><span class="stl_46 stl_12 stl_485" 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:39.4482em;top:20.2355em;"><span class="stl_46 stl_12 stl_278" 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:39.4482em;top:20.9855em;"><span class="stl_46 stl_12 stl_309" 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:39.4482em;top:22.4855em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">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:39.4482em;top:23.2355em;"><span class="stl_46 stl_12 stl_56" 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:39.4482em;top:23.9855em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">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:39.4482em;top:24.7355em;"><span class="stl_46 stl_12 stl_28" 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:51.0188em;top:9.965em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:10.7225em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Acquired technologies, trademarks and customer relations, pri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:11.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">marily comprising identified technologies, are recognised at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.2225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">value on the time of acquisition in connection with a business com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.9725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">bination. Any other intangible asset is recognised at cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:14.4725em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">Development and IT projects are recognised as intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.2225em;"><span class="stl_46 stl_12 stl_453" style="word-spacing:-0.0425em;">if they meet certain criteria. These projects must be clearly defined  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.9725em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">and identifiable, with proven technical feasibility and sufficient  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:16.7225em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">resources available for completion. Additionally, there should be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:17.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">a potential market or scope for the project, and the Group must  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.2225em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0403em;">intend to produce, market or use the project. The directly attrib-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.9725em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">utable cost should be reliably measurable, and there must be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:19.7225em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0361em;">certainty that future earnings or the net selling price will cover all  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:20.4725em;"><span class="stl_46 stl_12 stl_112">costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:21.965em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0418em;">Useful lifetime and residual value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:22.7225em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">Intangible assets, excl. goodwill, are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:23.4725em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">straight-line method over the expected useful lifetime of the indi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.2225em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0383em;">vidual asset. The residual value for all intangible assets is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.9725em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0367em;">as zero. The amortisation of the intangible asset commences upon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:25.7225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">completion of the project or when the asset is ready for use. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:26.4725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">basis of amortisation is reduced by impairment losses, if any. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.2225em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">useful life of the asset may subsequently be changed if the original  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.9725em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">assumptions, on which the useful life and any residual value are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:28.7225em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0322em;">based, have changed significantly.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:30.2225em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">The expected useful lifetime of intangible assets are as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:31.7225em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Acquired technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8769em;top:31.7225em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_187" style="word-spacing:-0.0152em;">15 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:32.4725em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8713em;top:32.4725em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_280" style="word-spacing:-0.0188em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.2225em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Distribution rights, patents and licenses etc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8213em;top:33.2225em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0311em;">5-20 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.9725em;"><span class="stl_46 stl_12 stl_676" style="word-spacing:-0.0528em;">IT software projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.1682em;top:33.9725em;"><span class="stl_46 stl_12 stl_351" 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:10.5312em;"><span class="stl_316 stl_08 stl_361" style="word-spacing:-0.0423em;">Result of impairment test other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">In 2023/24, a strategic review across our GI endoscopy business was conducted. This resulted in revised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">assumptions, based on the longer time required to penetrate the market, resulting in a re-evaluation of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">our short-term potential for GI. Despite this revision, we remain dedicated to solving unmet customer  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">needs within GI, unlocking potential on the mid to long term, by applying a focused approach in the years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_46 stl_12 stl_171" style="word-spacing:-0.028em;">to come.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">The technologies 'Colonoscopy' and 'Duodenoscopy' have been written down to their respective recover-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">able amount as a result of the strategic review performed across the GI endoscopy business, resulting in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">revised assumptions, based on the longer time required to penetrate this market.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">The recoverable amount is determined as the highest of fair value and value in use in accordance with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0335em;">Ambu’s accounting policies. The recoverable amount has been calculated on basis of the estimated fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;z-index:1149;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">value by use of the ‘relief from royalty’ method, except for the internal development project ‘Cholangio’,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">where project plans have been put on hold as a consequence of the strategic review.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0355em;">The total DKK 327m impairment loss on intangible assets has been charged to special items, as described  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">in note 2.6. Hereafter, the total carrying amount, as of 30 September 2024, for the GI technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_46 stl_12 stl_221" style="word-spacing:-0.0283em;">amounts to DKK 596m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5387em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">In 2022/23, an impairment loss of DKK 2m on in-progress development projects was recognised, due to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">ceased development plans, and an impairment loss of DKK 16m on intangible rights related to production  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.0387em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">was recognised, due to rights not expected to be used.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4812em;"><span class="stl_557 stl_17 stl_430" 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:11.2356em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0393em;">The sensitivity analysis assesses the impact of changes in key assumptions of the impairment test results.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7356em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">The ‘relief from royalty’ method estimates the discounted value of an intangible asset determined on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4856em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">expected royalty payments to an independent third party to be saved by owning the respective asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2356em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">instead of licensing it. When applying the ‘relief from royalty’ method in the impairment test for the GI  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9856em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0357em;">technologies, the fair value is measured over the useful lifetime of the individual assets and applying the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7356em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0349em;">main key assumptions as revenue, royalty rate and pre-tax discount rate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2356em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">Useful lifetime for GI technologies is 15 years from FDA approval of the first product generation, also cor-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9856em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">responding to the budgeted period used in the impairment test.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4856em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0367em;">The sensitivity shown for revenue is the amount of decrease in headroom, when reducing the expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">revenue in all budgeted years by 5 percentage points, everything else kept equal.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7356em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0372em;">The sensitivity shown for royalty rate is the amount of decrease in headroom, when reducing the applied  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4856em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">royalty rate by 5 percentage points, everything else kept equal.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9856em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">The sensitivity shown for pre-tax discount rate is the amount of decrease in headroom, when increasing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7356em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">the applied pre-tax discount rate by 1 percentage points, everything else kept equal.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.1868em;"><span class="stl_316 stl_08 stl_74" style="word-spacing:-0.0373em;">Key assumptions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:26.1868em;"><span class="stl_316 stl_08 stl_75">Description  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7456em;"><span class="stl_46 stl_12 stl_202">Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:27.7456em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:0.2253em;">• Revenue</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.882em;top:27.7456em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">in the budgeted period is based on a combination of expected quanti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:28.4956em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">ties sold and the average selling price together with a 15 years of survival curve  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:29.2456em;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0332em;">for each technology, commencing upon first FDA approval  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.4268em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:30.4268em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:0.209em;">• Based</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.177em;top:30.4268em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">on an expected royalty rate paid to an independent third party to license  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:31.1768em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">the individual technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.3581em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">Discounted rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:32.3581em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:0.209em;">• Based</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.177em;top:32.3581em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">on 20-year government bonds  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.1081em;"><span class="stl_46 stl_12 stl_27">(pre-tax)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:33.1081em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:0.2076em;">• Equity</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.188em;top:33.1081em;"><span class="stl_46 stl_12 stl_90" style="word-spacing:-0.0052em;">risk premium: 8.1% (8.8%)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:33.8581em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:0.2253em;">• Premium</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.032em;top:33.8581em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">added to adjust for variability and associated risks of the in-market  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:34.6081em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">and pipeline products  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5312em;"><span class="stl_316 stl_08 stl_619" 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:11.2843em;"><span class="stl_557 stl_17 stl_475" style="word-spacing:-0.0431em;">Impairment testing other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0384em;"><span class="stl_910 stl_12 stl_124" style="word-spacing:-0.0404em;">At each reporting date, the Management performs an assessment of whether internal or external indications  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7676em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0387em;">of impairment of the identified intangible assets exist. If there is any indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4968em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">test is carried out. If an indication of impairment exists, the recoverable amount of the asset is determined, i.e.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.226em;"><span class="stl_910 stl_12 stl_517" style="word-spacing:-0.0416em;">the higher of the fair value of the asset less anticipated costs of disposal and its value-in-use.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.4277em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">Development projects in progress, either acquired or internally generated, are tested for impairment mini-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.157em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.038em;">mum on an annual basis and if any indication of impairment. For completed development projects, it is con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.8862em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.039em;">tinuously assessed whether there is any indication of impairment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0879em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0395em;">Impairment tests is either carried out by calculating the value in use, by use of discounted cashflow model,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8171em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.0389em;">or by calculating the fair value, depending on the type of intangible asset. If the initial impairment test shows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5463em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0389em;">a calculated amount lower than the carrying value of the asset, both fair value and value in use is calculated,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2756em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.0381em;">and an impairment loss is recognised at the higher amount of either fair value or value in use, if both calcu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0048em;"><span class="stl_910 stl_12 stl_105" style="word-spacing:-0.04em;">lated values are below the carrying amount of the asset. The impairment assessment, and possible following  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.734em;"><span class="stl_910 stl_12 stl_114" style="word-spacing:-0.0412em;">impairment test, is carried out per individual asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:10.4781em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.2356em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0333em;">Land and buildings, plant and machinery, as well as other plant, fix-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.9856em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">tures and fittings, tools and equipment are measured at cost, less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:12.7356em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">accumulated depreciation and impairment losses. Cost comprises  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:13.4856em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0394em;">the acquisition price and any costs directly attributable to the acqui-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.2356em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">sition until the date when the asset is ready for use. The cost of a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">total asset is divided into separate elements which are depreciated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:15.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">individually when the useful lives of the individual elements differ.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">The basis of depreciation is calculated in consideration of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.9856em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">residual value of the asset and is reduced by impairment losses,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:18.7356em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">if any. The residual value is fixed at the date of acquisition and is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:19.4856em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">subject to annual review. When the residual value exceeds the car-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.2356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">rying amount of the asset, depreciation will no longer take place. In  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">connection with changes in the depreciation period or the residual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:21.7356em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">value, the effect of depreciation is recognised in the future as a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:22.4856em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">change in the accounting estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:23.9856em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0397em;">The carrying amount of property, plant and equipment is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:24.7356em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">on an annual basis to establish whether there is any indication of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:25.4856em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">impairment. When such indication exists, an impairment test is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.2356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">performed. An impairment loss is recognised when the carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.9856em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">amount of an asset exceeds the recoverable amount of the asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:28.4856em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Property, plant and equipment are depreciated according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.2356em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0389em;">straight-line method over the expected useful lives of the assets/  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.9856em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">components as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:31.4856em;"><span class="stl_46 stl_12 stl_51">Buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.9361em;top:31.4856em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">10-40 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.2356em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Building installations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.9405em;top:32.2356em;"><span class="stl_46 stl_12 stl_231" style="word-spacing:-0.018em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.9856em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4268em;top:32.9856em;"><span class="stl_46 stl_12 stl_388" style="word-spacing:0.0086em;">2-10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:33.7356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">Other fixtures and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.6849em;top:33.7356em;"><span class="stl_46 stl_12 stl_351" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:35.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">Land is not depreciated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:36.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">Depreciation is recognised in the income statement under produc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:37.4856em;"><span class="stl_46 stl_12 stl_189" style="word-spacing:-0.041em;">tion costs, selling and distribution costs, development costs or man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:38.2356em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0343em;">agement 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:10.5387em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0411em;">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:11.9974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:11.9899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:11.9899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5487em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:13.5487em;"><span class="stl_46 stl_12 stl_369">474  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5494em;top:13.5487em;"><span class="stl_46 stl_12 stl_59">409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.4699em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3232em;top:14.4699em;"><span class="stl_46 stl_12 stl_240">869  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5475em;top:14.4699em;"><span class="stl_46 stl_12 stl_64">833  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.3912em;"><span class="stl_46 stl_12 stl_59" 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:15.3912em;"><span class="stl_46 stl_12 stl_377">81  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9507em;top:15.3912em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.3124em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3132em;top:16.3124em;"><span class="stl_46 stl_12 stl_212">339  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5613em;top:16.3124em;"><span class="stl_46 stl_12 stl_189">302  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2337em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.89em;top:17.2337em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:17.2337em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.1474em;"><span class="stl_316 stl_08 stl_105" style="word-spacing:-0.04em;">Total staff expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.66em;top:18.1474em;"><span class="stl_316 stl_08 stl_376">1,762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.86em;top:18.1474em;"><span class="stl_316 stl_08 stl_446">1,628  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.588em;"><span class="stl_46 stl_12 stl_383" 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:30.3544em;top:19.588em;"><span class="stl_46 stl_12 stl_894">132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5938em;top:19.588em;"><span class="stl_46 stl_12 stl_115">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5093em;"><span class="stl_46 stl_12 stl_60" 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:20.5093em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:20.5093em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.423em;"><span class="stl_316 stl_08 stl_430" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6163em;top:21.423em;"><span class="stl_316 stl_08 stl_388">1,897  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8482em;top:21.423em;"><span class="stl_316 stl_08 stl_89">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4849em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Staff costs are distributed between the Executive Management, the Board of Directors and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_46 stl_12 stl_291" style="word-spacing:-0.0323em;">other 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:12.6868em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:12.6868em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_46 stl_12 stl_619">Remuneration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4069em;top:14.2456em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6626em;top:14.2456em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_46 stl_12 stl_29" 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_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:15.1668em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.0881em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:16.0881em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:16.0881em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0093em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:17.0093em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:17.0093em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9306em;"><span class="stl_46 stl_12 stl_125" 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:65.7769em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8443em;"><span class="stl_316 stl_08 stl_362" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3219em;top:18.8443em;"><span class="stl_316 stl_08 stl_54">33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5788em;top:18.8443em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.285em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5076em;top:20.285em;"><span class="stl_46 stl_12 stl_159">1,630  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7707em;top:20.285em;"><span class="stl_46 stl_12 stl_438">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.2062em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4144em;top:21.2062em;"><span class="stl_46 stl_12 stl_53">91  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:21.2062em;"><span class="stl_46 stl_12 stl_541">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.1275em;"><span class="stl_46 stl_12 stl_657" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1269em;top:22.1275em;"><span class="stl_46 stl_12 stl_397">116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3269em;top:22.1275em;"><span class="stl_46 stl_12 stl_339">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.0487em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4101em;top:23.0487em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6888em;top:23.0487em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.97em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7763em;top:23.97em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:23.97em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:24.8837em;"><span class="stl_316 stl_08 stl_430" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3401em;top:24.8837em;"><span class="stl_316 stl_08 stl_708">1,897  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5719em;top:24.8837em;"><span class="stl_316 stl_08 stl_290">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:26.3243em;"><span class="stl_46 stl_12 stl_51" 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:64.5038em;top:26.3243em;"><span class="stl_46 stl_12 stl_241">4,894  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7201em;top:26.3243em;"><span class="stl_46 stl_12 stl_361">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:27.2456em;"><span class="stl_46 stl_12 stl_314" 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:64.5963em;top:27.2456em;"><span class="stl_46 stl_12 stl_895">5,196  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8226em;top:27.2456em;"><span class="stl_46 stl_12 stl_843">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:28.7149em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 40m (DKK 29m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.2075em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.9649em;"><span class="stl_46 stl_12 stl_558" 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:39.4482em;top:31.7149em;"><span class="stl_46 stl_12 stl_63" 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:39.4482em;top:32.465em;"><span class="stl_46 stl_12 stl_34">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0413em;">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_46 stl_12 stl_95" style="word-spacing:-0.0356em;">with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7282em;top:12.7987em;"><span class="stl_46 stl_12 stl_397">61  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9569em;top:12.7987em;"><span class="stl_46 stl_12 stl_366">47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.7199em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0385em;">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:30.3344em;top:13.7199em;"><span class="stl_46 stl_12 stl_301">154  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6132em;top:13.7199em;"><span class="stl_46 stl_12 stl_768">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.6412em;"><span class="stl_46 stl_12 stl_95" 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:30.6982em;top:14.6412em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:14.6412em;"><span class="stl_46 stl_12 stl_100">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.5624em;"><span class="stl_46 stl_12 stl_117" 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_46 stl_12 stl_405">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9238em;top:15.5624em;"><span class="stl_46 stl_12 stl_405">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.4837em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:-0.0424em;">Net loss on disposed non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:16.4837em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:16.4837em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.4049em;"><span class="stl_46 stl_12 stl_322" 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:30.3013em;top:17.4049em;"><span class="stl_46 stl_12 stl_54">333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.935em;top:17.4049em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3187em;"><span class="stl_316 stl_08 stl_117" 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:30.2132em;top:18.3187em;"><span class="stl_316 stl_08 stl_378">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4357em;top:18.3187em;"><span class="stl_316 stl_08 stl_51">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.7955em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0312em;">In 2023/24, DKK 327m of the total impairment losses on non-current assets of DKK 333m relates to an  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5455em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">impairment of GI technologies reflecting the longer time required to penetrate the market. The impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.2955em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0302em;">ment losses are charged to 'special items'. Please 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:22.7955em;"><span class="stl_46 stl_12 stl_309" 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:24.2544em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:24.2469em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:24.2469em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.8056em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.67em;top:25.8056em;"><span class="stl_46 stl_12 stl_112">84  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:25.8056em;"><span class="stl_46 stl_12 stl_100">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.7269em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6825em;top:26.7269em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:26.7269em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.6481em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3513em;top:27.6481em;"><span class="stl_46 stl_12 stl_52">210  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5844em;top:27.6481em;"><span class="stl_46 stl_12 stl_334">188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.5694em;"><span class="stl_46 stl_12 stl_94" 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:28.5694em;"><span class="stl_46 stl_12 stl_351">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9244em;top:28.5694em;"><span class="stl_46 stl_12 stl_405">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.4906em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.315em;top:29.4906em;"><span class="stl_46 stl_12 stl_50">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9638em;top:29.4906em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.4044em;"><span class="stl_316 stl_08 stl_117" 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:30.2132em;top:30.4044em;"><span class="stl_316 stl_08 stl_378">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4357em;top:30.4044em;"><span class="stl_316 stl_08 stl_51">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8737em;"><span class="stl_316 stl_08 stl_619" 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:32.6312em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">For a description of accounting policies, please refer to notes 3.1, 3.2 and 3.3.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.641em;top:23.2011em;"><span class="stl_224 stl_08 stl_307" 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:24.4727em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:24.4652em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:24.4652em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.024em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0337em;">Impairment of acquired technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3107em;top:26.024em;"><span class="stl_46 stl_12 stl_231">206  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:26.024em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.9452em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">Impairment of completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.365em;top:26.9452em;"><span class="stl_46 stl_12 stl_172">121  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:26.9452em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.8665em;"><span class="stl_46 stl_12 stl_34" 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:31.2213em;top:27.8665em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9694em;top:27.8665em;"><span class="stl_46 stl_12 stl_97">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.7877em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Impairment of plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:28.7877em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:28.7877em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.709em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Write-down of inventories  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:29.709em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:29.709em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.6302em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0349em;">Remeasurement of technology debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:30.6302em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8094em;top:30.6302em;"><span class="stl_46 stl_12 stl_324">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:31.5515em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">Severance costs and reversals hereof  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8907em;top:31.5515em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.305em;top:31.5515em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:32.4652em;"><span class="stl_316 stl_08 stl_48" style="word-spacing:-0.0321em;">Total special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1844em;top:32.4652em;"><span class="stl_316 stl_08 stl_51">334  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2657em;top:32.4652em;"><span class="stl_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:10.4852em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">In 2023/24, special items represent a net expense of DKK 334m, relating to an impairment within gastro-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:11.2352em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">enterology (GI). A strategic review has been performed across the GI endoscopy business, resulting in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:11.9852em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">revised assumptions, based on the longer time required to penetrate this market.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:13.4852em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0351em;">Impairment tests have been carried out for each GI technology. 'Colonoscopy' and 'Duodenoscopy' were  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:14.2352em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">written down to their recoverable amounts, and 'Cholangio' was fully written down, due to project plans  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:14.9852em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0351em;">being put on hold as a consequence of the strategic review, resulting in total impairment losses of DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:15.7352em;"><span class="stl_46 stl_12 stl_896">327m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.2352em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">Furthermore, related assets have been revaluated, resulting in excess production equipment and excess  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.9852em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0345em;">inventories written down by, respectively, DKK 5m and DKK 3m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:19.4852em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0305em;">In 2022/23, a remeasurement of a historical technology acquisition amounted to an income of DKK 19m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:20.9852em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">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:39.4494em;top:21.7352em;"><span class="stl_46 stl_12 stl_485" 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:23.1943em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:23.1868em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:23.1868em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7456em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:24.7456em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1976em;top:24.7456em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.6668em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:25.6668em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8376em;top:25.6668em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.5881em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0557em;top:26.5881em;"><span class="stl_46 stl_12 stl_378">326  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6838em;top:26.5881em;"><span class="stl_46 stl_12 stl_69">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.5018em;"><span class="stl_316 stl_08 stl_48" style="word-spacing:-0.0321em;">Total special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9082em;top:27.5018em;"><span class="stl_316 stl_08 stl_51">334  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9894em;top:27.5018em;"><span class="stl_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.9712em;"><span class="stl_316 stl_08 stl_619" 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:29.7287em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">Special items comprise costs or income that cannot be attributed directly to the Group's ordinary acti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.4787em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">vities and are non-recurring of nature, e.g., strategic re-evaluation. Such costs include the cost related to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.2287em;"><span class="stl_46 stl_12 stl_517" style="word-spacing:-0.0416em;">significant restructuring of the cost base and processes, as well as restructuring costs related to resigna-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.9787em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0343em;">tion of employees. Further special items include redundancy costs' related to the Group's Management,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.7287em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">impairment of assets and remeasurement of technology debt.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5387em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0411em;">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:11.9974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:11.9899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:11.9899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5487em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3757em;top:13.5487em;"><span class="stl_46 stl_12 stl_369">474  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5494em;top:13.5487em;"><span class="stl_46 stl_12 stl_59">409  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.4699em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3232em;top:14.4699em;"><span class="stl_46 stl_12 stl_240">869  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5475em;top:14.4699em;"><span class="stl_46 stl_12 stl_64">833  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.3912em;"><span class="stl_46 stl_12 stl_59" 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:15.3912em;"><span class="stl_46 stl_12 stl_377">81  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9507em;top:15.3912em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.3124em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0377em;">Management and administrative costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3132em;top:16.3124em;"><span class="stl_46 stl_12 stl_212">339  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5613em;top:16.3124em;"><span class="stl_46 stl_12 stl_189">302  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2337em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.89em;top:17.2337em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:17.2337em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.1474em;"><span class="stl_316 stl_08 stl_105" style="word-spacing:-0.04em;">Total staff expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.66em;top:18.1474em;"><span class="stl_316 stl_08 stl_376">1,762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.86em;top:18.1474em;"><span class="stl_316 stl_08 stl_446">1,628  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.588em;"><span class="stl_46 stl_12 stl_383" 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:30.3544em;top:19.588em;"><span class="stl_46 stl_12 stl_894">132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5938em;top:19.588em;"><span class="stl_46 stl_12 stl_115">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5093em;"><span class="stl_46 stl_12 stl_60" 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:20.5093em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:20.5093em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.423em;"><span class="stl_316 stl_08 stl_430" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6163em;top:21.423em;"><span class="stl_316 stl_08 stl_388">1,897  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8482em;top:21.423em;"><span class="stl_316 stl_08 stl_89">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4849em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Staff costs are distributed between the Executive Management, the Board of Directors and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2349em;"><span class="stl_46 stl_12 stl_291" style="word-spacing:-0.0323em;">other 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:12.6868em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:12.6868em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2456em;"><span class="stl_46 stl_12 stl_619">Remuneration  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4069em;top:14.2456em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6626em;top:14.2456em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.1668em;"><span class="stl_46 stl_12 stl_29" 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_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:15.1668em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.0881em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0321em;">Resignation payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:16.0881em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:16.0881em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.0093em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0327em;">Severance payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:17.0093em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8663em;top:17.0093em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9306em;"><span class="stl_46 stl_12 stl_125" 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:65.7769em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:17.9306em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8443em;"><span class="stl_316 stl_08 stl_362" style="word-spacing:-0.0453em;">Staff costs, Executive Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3219em;top:18.8443em;"><span class="stl_316 stl_08 stl_54">33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5788em;top:18.8443em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.285em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Wages and salaries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5076em;top:20.285em;"><span class="stl_46 stl_12 stl_159">1,630  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7707em;top:20.285em;"><span class="stl_46 stl_12 stl_438">1,562  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.2062em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0329em;">Pension contributions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4144em;top:21.2062em;"><span class="stl_46 stl_12 stl_53">91  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6894em;top:21.2062em;"><span class="stl_46 stl_12 stl_541">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.1275em;"><span class="stl_46 stl_12 stl_657" style="word-spacing:-0.0471em;">Social security costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1269em;top:22.1275em;"><span class="stl_46 stl_12 stl_397">116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3269em;top:22.1275em;"><span class="stl_46 stl_12 stl_339">129  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.0487em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">Share-based payment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4101em;top:23.0487em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6888em;top:23.0487em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.97em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">Remuneration, Board of Directors  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7763em;top:23.97em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:23.97em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:24.8837em;"><span class="stl_316 stl_08 stl_430" style="word-spacing:-0.0463em;">Total staff costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3401em;top:24.8837em;"><span class="stl_316 stl_08 stl_708">1,897  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5719em;top:24.8837em;"><span class="stl_316 stl_08 stl_290">1,802  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:26.3243em;"><span class="stl_46 stl_12 stl_51" 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:64.5038em;top:26.3243em;"><span class="stl_46 stl_12 stl_241">4,894  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7201em;top:26.3243em;"><span class="stl_46 stl_12 stl_361">4,385  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:27.2456em;"><span class="stl_46 stl_12 stl_314" 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:64.5963em;top:27.2456em;"><span class="stl_46 stl_12 stl_895">5,196  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8226em;top:27.2456em;"><span class="stl_46 stl_12 stl_843">4,616  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:28.7149em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">Remuneration to the Executive Management and the Board of Directors totalled DKK 40m (DKK 29m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.2075em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.9649em;"><span class="stl_46 stl_12 stl_558" 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:39.4482em;top:31.7149em;"><span class="stl_46 stl_12 stl_63" 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:39.4482em;top:32.465em;"><span class="stl_46 stl_12 stl_34">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0413em;">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_46 stl_12 stl_95" style="word-spacing:-0.0356em;">with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7282em;top:12.7987em;"><span class="stl_46 stl_12 stl_397">61  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9569em;top:12.7987em;"><span class="stl_46 stl_12 stl_366">47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.7199em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0385em;">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:30.3344em;top:13.7199em;"><span class="stl_46 stl_12 stl_301">154  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6132em;top:13.7199em;"><span class="stl_46 stl_12 stl_768">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.6412em;"><span class="stl_46 stl_12 stl_95" 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:30.6982em;top:14.6412em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:14.6412em;"><span class="stl_46 stl_12 stl_100">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.5624em;"><span class="stl_46 stl_12 stl_117" 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_46 stl_12 stl_405">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9238em;top:15.5624em;"><span class="stl_46 stl_12 stl_405">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.4837em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:-0.0424em;">Net loss on disposed non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:16.4837em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:16.4837em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.4049em;"><span class="stl_46 stl_12 stl_322" 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:30.3013em;top:17.4049em;"><span class="stl_46 stl_12 stl_54">333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.935em;top:17.4049em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3187em;"><span class="stl_316 stl_08 stl_117" 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:30.2132em;top:18.3187em;"><span class="stl_316 stl_08 stl_378">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4357em;top:18.3187em;"><span class="stl_316 stl_08 stl_51">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.7955em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0312em;">In 2023/24, DKK 327m of the total impairment losses on non-current assets of DKK 333m relates to an  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5455em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">impairment of GI technologies reflecting the longer time required to penetrate the market. The impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.2955em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0302em;">ment losses are charged to 'special items'. Please 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:22.7955em;"><span class="stl_46 stl_12 stl_309" 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:24.2544em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:24.2469em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:24.2469em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.8056em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.67em;top:25.8056em;"><span class="stl_46 stl_12 stl_112">84  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:25.8056em;"><span class="stl_46 stl_12 stl_100">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.7269em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6825em;top:26.7269em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:26.7269em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.6481em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3513em;top:27.6481em;"><span class="stl_46 stl_12 stl_52">210  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5844em;top:27.6481em;"><span class="stl_46 stl_12 stl_334">188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.5694em;"><span class="stl_46 stl_12 stl_94" 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:28.5694em;"><span class="stl_46 stl_12 stl_351">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9244em;top:28.5694em;"><span class="stl_46 stl_12 stl_405">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.4906em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.315em;top:29.4906em;"><span class="stl_46 stl_12 stl_50">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9638em;top:29.4906em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.4044em;"><span class="stl_316 stl_08 stl_117" 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:30.2132em;top:30.4044em;"><span class="stl_316 stl_08 stl_378">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4357em;top:30.4044em;"><span class="stl_316 stl_08 stl_51">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8737em;"><span class="stl_316 stl_08 stl_619" 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:32.6312em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">For a description of accounting policies, please refer to notes 3.1, 3.2 and 3.3.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.2075em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.9649em;"><span class="stl_46 stl_12 stl_558" 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:39.4482em;top:31.7149em;"><span class="stl_46 stl_12 stl_63" 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:39.4482em;top:32.465em;"><span class="stl_46 stl_12 stl_34">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:26.9162em;"><span class="stl_316 stl_08 stl_520" style="word-spacing:-0.0376em;">§ Accounting policy  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:27.6737em;"><span class="stl_46 stl_12 stl_122" 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:39.4474em;top:28.4237em;"><span class="stl_46 stl_12 stl_80" 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:39.4474em;top:29.1737em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0381em;">This value is expensed over the service period for each of the respective schemes and taken to equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:29.9237em;"><span class="stl_46 stl_12 stl_122" 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:39.4474em;top:30.6737em;"><span class="stl_46 stl_12 stl_619" 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:39.4474em;top:31.4237em;"><span class="stl_46 stl_12 stl_28" 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:39.4474em;top:32.1737em;"><span class="stl_46 stl_12 stl_27" 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:39.4474em;top:32.9237em;"><span class="stl_46 stl_12 stl_80" 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:39.4474em;top:34.4237em;"><span class="stl_46 stl_12 stl_95" 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:39.4474em;top:35.1737em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">respective scheme end of the period is expensed to the income statement. This includes any changes to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:35.9237em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">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:39.4482em;top:30.2075em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.9649em;"><span class="stl_46 stl_12 stl_558" 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:39.4482em;top:31.7149em;"><span class="stl_46 stl_12 stl_63" 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:39.4482em;top:32.465em;"><span class="stl_46 stl_12 stl_34">plans.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8737em;"><span class="stl_316 stl_08 stl_619" 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:32.6312em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">For a description of accounting policies, please refer 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_224 stl_08 stl_619" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0413em;">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_46 stl_12 stl_95" style="word-spacing:-0.0356em;">with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7282em;top:12.7987em;"><span class="stl_46 stl_12 stl_397">61  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9569em;top:12.7987em;"><span class="stl_46 stl_12 stl_366">47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.7199em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0385em;">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:30.3344em;top:13.7199em;"><span class="stl_46 stl_12 stl_301">154  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6132em;top:13.7199em;"><span class="stl_46 stl_12 stl_768">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.6412em;"><span class="stl_46 stl_12 stl_95" 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:30.6982em;top:14.6412em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:14.6412em;"><span class="stl_46 stl_12 stl_100">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.5624em;"><span class="stl_46 stl_12 stl_117" 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_46 stl_12 stl_405">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9238em;top:15.5624em;"><span class="stl_46 stl_12 stl_405">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.4837em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:-0.0424em;">Net loss on disposed non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:16.4837em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:16.4837em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.4049em;"><span class="stl_46 stl_12 stl_322" 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:30.3013em;top:17.4049em;"><span class="stl_46 stl_12 stl_54">333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.935em;top:17.4049em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3187em;"><span class="stl_316 stl_08 stl_117" 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:30.2132em;top:18.3187em;"><span class="stl_316 stl_08 stl_378">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4357em;top:18.3187em;"><span class="stl_316 stl_08 stl_51">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.7955em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0312em;">In 2023/24, DKK 327m of the total impairment losses on non-current assets of DKK 333m relates to an  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5455em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">impairment of GI technologies reflecting the longer time required to penetrate the market. The impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.2955em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0302em;">ment losses are charged to 'special items'. Please 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:22.7955em;"><span class="stl_46 stl_12 stl_309" 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:24.2544em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:24.2469em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:24.2469em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.8056em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.67em;top:25.8056em;"><span class="stl_46 stl_12 stl_112">84  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:25.8056em;"><span class="stl_46 stl_12 stl_100">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.7269em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6825em;top:26.7269em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:26.7269em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.6481em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3513em;top:27.6481em;"><span class="stl_46 stl_12 stl_52">210  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5844em;top:27.6481em;"><span class="stl_46 stl_12 stl_334">188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.5694em;"><span class="stl_46 stl_12 stl_94" 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:28.5694em;"><span class="stl_46 stl_12 stl_351">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9244em;top:28.5694em;"><span class="stl_46 stl_12 stl_405">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.4906em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.315em;top:29.4906em;"><span class="stl_46 stl_12 stl_50">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9638em;top:29.4906em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.4044em;"><span class="stl_316 stl_08 stl_117" 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:30.2132em;top:30.4044em;"><span class="stl_316 stl_08 stl_378">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4357em;top:30.4044em;"><span class="stl_316 stl_08 stl_51">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8737em;"><span class="stl_316 stl_08 stl_619" 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:32.6312em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">For a description of accounting policies, please refer 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;z-index:47;"><span class="stl_224 stl_08 stl_156">3</span><span class="stl_224 stl_08 stl_893">.</span><span class="stl_224 stl_08 stl_15">1 </span><span class="stl_224 stl_08 stl_65">G</span><span class="stl_224 stl_08 stl_109">oodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5769em;top:10.4899em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.78em;top:12.0487em;"><span class="stl_46 stl_12 stl_241">1,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0582em;top:12.0487em;"><span class="stl_46 stl_12 stl_110">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4663em;top:12.9699em;"><span class="stl_46 stl_12 stl_65">-38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7188em;top:12.9699em;"><span class="stl_46 stl_12 stl_116">-58  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.8837em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6188em;top:13.8837em;"><span class="stl_316 stl_08 stl_259">1,527  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8457em;top:13.8837em;"><span class="stl_316 stl_08 stl_214">1,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.3605em;"><span class="stl_46 stl_12 stl_497" style="word-spacing:-0.0316em;">The carrying amount of goodwill at DKK 1,527m (DKK 1,565m) stems primarily from the business combi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.1105em;"><span class="stl_46 stl_12 stl_121" 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:4.7238em;top:17.6062em;"><span class="stl_557 stl_17 stl_322" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.3605em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">As described in section 2.1, the Ambu Group is managed as one single unit, for which reason the Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.1105em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">ment monitors goodwill as a whole, at Group level. Consequently, the impairment test is based on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.8605em;"><span class="stl_46 stl_12 stl_188" style="word-spacing:-0.0234em;">Group’s market value. The market value of Ambu A/S’s shares is based on the quoted price of DKK 131.15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.6105em;"><span class="stl_46 stl_12 stl_221" style="word-spacing:-0.0285em;">per share on Nasdaq Copenhagen at 30 September 2024 (DKK 73.86 per share at 30 September 2023).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.3605em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0243em;">Based on this market value approximation, Ambu's equity value is DKK 34.9bn (DKK 19.9bn), which leaves  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.1105em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0301em;">DKK 29.3bn (DKK 14.5bn) in headroom to the carrying amount of equity. Therefore, the Management has  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.8605em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">concluded that the net selling price, calculated on the basis of a level 1 fair value measurement, proves  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.6105em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0337em;">that there is no indication of impairment of goodwill.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:10.478em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.2355em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.9855em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">ble net assets of the acquired company. Subsequently, goodwill is measured at cost, less accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:12.7355em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">impairment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.2355em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to bene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.9855em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0307em;">fit from the business combination; however, not to a level lower than the segment level and the level on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:15.7355em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">which goodwill is monitored, as part of the internal financial management. The Management has identi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.4855em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">fied 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:39.4482em;top:17.9855em;"><span class="stl_46 stl_12 stl_123" 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:39.4482em;top:18.7355em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:39.4482em;top:19.4855em;"><span class="stl_46 stl_12 stl_485" 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:39.4482em;top:20.2355em;"><span class="stl_46 stl_12 stl_278" 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:39.4482em;top:20.9855em;"><span class="stl_46 stl_12 stl_309" 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:39.4482em;top:22.4855em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">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:39.4482em;top:23.2355em;"><span class="stl_46 stl_12 stl_56" 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:39.4482em;top:23.9855em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">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:39.4482em;top:24.7355em;"><span class="stl_46 stl_12 stl_28" 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_224 stl_08 stl_34" 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:24.9875em;top:10.0175em;"><span class="stl_316 stl_08 stl_94">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.5682em;top:10.7675em;"><span class="stl_316 stl_08 stl_28">technologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.2613em;top:10.7675em;"><span class="stl_316 stl_08 stl_497">Development  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.2163em;top:11.5175em;"><span class="stl_316 stl_08 stl_465">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3319em;top:11.5175em;"><span class="stl_316 stl_08 stl_321">Completed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.5775em;top:11.5175em;"><span class="stl_316 stl_08 stl_472" style="word-spacing:-0.0476em;">projects and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9819em;top:12.2675em;"><span class="stl_316 stl_08 stl_107" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.649em;top:12.2675em;"><span class="stl_316 stl_08 stl_497">development  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0425em;top:12.2675em;"><span class="stl_316 stl_08 stl_291" style="word-spacing:-0.0324em;">Other, incl.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.6588em;top:12.2675em;"><span class="stl_316 stl_08 stl_547" style="word-spacing:-0.0509em;">other assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.025em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0775em;top:13.0175em;"><span class="stl_316 stl_08 stl_453">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2382em;top:13.0175em;"><span class="stl_316 stl_08 stl_255">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0025em;top:13.0175em;"><span class="stl_316 stl_08 stl_707" style="word-spacing:-0.0577em;">IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.9457em;top:13.0175em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6975em;top:13.0175em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:14.545em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.4269em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7669em;top:15.4269em;"><span class="stl_46 stl_12 stl_266">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2282em;top:15.4269em;"><span class="stl_46 stl_12 stl_53">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4682em;top:15.4269em;"><span class="stl_46 stl_12 stl_110">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.3788em;top:15.4269em;"><span class="stl_46 stl_12 stl_627">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6869em;top:15.4269em;"><span class="stl_46 stl_12 stl_770">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.3012em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2825em;top:16.3012em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.4694em;top:16.3012em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3625em;top:16.3012em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.9919em;top:16.3012em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6525em;top:16.3012em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.1756em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6775em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6382em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3625em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.4319em;top:17.1756em;"><span class="stl_46 stl_12 stl_364">201  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.1563em;top:17.1756em;"><span class="stl_46 stl_12 stl_364">201  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.05em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6769em;top:18.05em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7563em;top:18.05em;"><span class="stl_46 stl_12 stl_859">269  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8269em;top:18.05em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2369em;top:18.05em;"><span class="stl_46 stl_12 stl_53">-294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.0469em;top:18.05em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.9169em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.645em;top:18.9169em;"><span class="stl_316 stl_08 stl_166">923  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0763em;top:18.9169em;"><span class="stl_316 stl_08 stl_376">1,762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3344em;top:18.9169em;"><span class="stl_316 stl_08 stl_102">282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2888em;top:18.9169em;"><span class="stl_316 stl_08 stl_55">350  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4519em;top:18.9169em;"><span class="stl_316 stl_08 stl_334">3,317  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:20.2631em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0405em;">Amortisation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.58em;top:20.2631em;"><span class="stl_46 stl_12 stl_258">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.4838em;top:20.2631em;"><span class="stl_46 stl_12 stl_899">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3138em;top:20.2631em;"><span class="stl_46 stl_12 stl_760">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3219em;top:20.2631em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.5182em;top:20.2631em;"><span class="stl_46 stl_12 stl_900">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:21.1375em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.5069em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.0006em;top:21.1375em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.8769em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:22.0119em;"><span class="stl_46 stl_12 stl_619" 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:26.5738em;top:22.0119em;"><span class="stl_46 stl_12 stl_243">-206  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6175em;top:22.0119em;"><span class="stl_46 stl_12 stl_354">-121  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3607em;top:22.0119em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:22.0119em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9432em;top:22.0119em;"><span class="stl_46 stl_12 stl_89">-327  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:22.8862em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9563em;top:22.8862em;"><span class="stl_46 stl_12 stl_370">-</span><span class="stl_46 stl_12 stl_397">6</span><span class="stl_46 stl_12 stl_397">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6075em;top:22.8862em;"><span class="stl_46 stl_12 stl_781">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6313em;top:22.8862em;"><span class="stl_46 stl_12 stl_385">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:22.8862em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9913em;top:22.8862em;"><span class="stl_46 stl_12 stl_624">-215  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:23.7531em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0419em;">Amortisation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4375em;top:23.7531em;"><span class="stl_316 stl_08 stl_246">-547  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3957em;top:23.7531em;"><span class="stl_316 stl_08 stl_169">-857  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1607em;top:23.7531em;"><span class="stl_316 stl_08 stl_284">-210  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3125em;top:23.7531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3313em;top:23.7531em;"><span class="stl_316 stl_08 stl_172">-1,614  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:24.6275em;"><span class="stl_316 stl_08 stl_318" style="word-spacing:-0.0422em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6938em;top:24.6275em;"><span class="stl_316 stl_08 stl_366">376  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6007em;top:24.6275em;"><span class="stl_316 stl_08 stl_109">905  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.7507em;top:24.6275em;"><span class="stl_316 stl_08 stl_57">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2882em;top:24.6275em;"><span class="stl_316 stl_08 stl_55">350  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4532em;top:24.6275em;"><span class="stl_316 stl_08 stl_901">1,703  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:26.3756em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:27.2575em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7625em;top:27.2575em;"><span class="stl_46 stl_12 stl_166">944  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2125em;top:27.2575em;"><span class="stl_46 stl_12 stl_526">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4907em;top:27.2575em;"><span class="stl_46 stl_12 stl_339">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.3913em;top:27.2575em;"><span class="stl_46 stl_12 stl_349">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.5813em;top:27.2575em;"><span class="stl_46 stl_12 stl_310">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:28.1318em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.005em;top:28.1318em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3607em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.375em;top:28.1318em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:29.0062em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6757em;top:29.0062em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:29.0062em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8563em;top:29.0062em;"><span class="stl_46 stl_12 stl_138">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.4388em;top:29.0062em;"><span class="stl_46 stl_12 stl_352">242  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.1363em;top:29.0062em;"><span class="stl_46 stl_12 stl_251">255  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:29.8806em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6757em;top:29.8806em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.305em;top:29.8806em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.0007em;top:29.8806em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:29.8806em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6644em;top:29.8806em;"><span class="stl_46 stl_12 stl_107">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:30.755em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.675em;top:30.755em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7244em;top:30.755em;"><span class="stl_46 stl_12 stl_169">233  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8113em;top:30.755em;"><span class="stl_46 stl_12 stl_405">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2463em;top:30.755em;"><span class="stl_46 stl_12 stl_437">-281  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.045em;top:30.755em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:31.6218em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6463em;top:31.6218em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0194em;top:31.6218em;"><span class="stl_316 stl_08 stl_15">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3513em;top:31.6218em;"><span class="stl_316 stl_08 stl_49">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2657em;top:31.6218em;"><span class="stl_316 stl_08 stl_323">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4844em;top:31.6218em;"><span class="stl_316 stl_08 stl_902">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:32.9681em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0405em;">Amortisation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6175em;top:32.9681em;"><span class="stl_46 stl_12 stl_904">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5213em;top:32.9681em;"><span class="stl_46 stl_12 stl_169">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3325em;top:32.9681em;"><span class="stl_46 stl_12 stl_786">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:32.9681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9069em;top:32.9681em;"><span class="stl_46 stl_12 stl_362">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:33.8425em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1738em;top:33.8425em;"><span class="stl_46 stl_12 stl_71">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6357em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.36em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3207em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5438em;top:33.8425em;"><span class="stl_46 stl_12 stl_71">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:34.7168em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6744em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.4663em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.1907em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.8757em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:35.5912em;"><span class="stl_46 stl_12 stl_619" 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:27.6744em;top:35.5912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.275em;top:35.5912em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6932em;top:35.5912em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:35.5912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3725em;top:35.5912em;"><span class="stl_46 stl_12 stl_138">-18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:36.4656em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9288em;top:36.4656em;"><span class="stl_46 stl_12 stl_156">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6013em;top:36.4656em;"><span class="stl_46 stl_12 stl_907">-107  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6025em;top:36.4656em;"><span class="stl_46 stl_12 stl_337">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3194em;top:36.4656em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.99em;top:36.4656em;"><span class="stl_46 stl_12 stl_908">-184  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:37.3325em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0419em;">Amortisation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4394em;top:37.3325em;"><span class="stl_316 stl_08 stl_62">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3607em;top:37.3325em;"><span class="stl_316 stl_08 stl_112">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1888em;top:37.3325em;"><span class="stl_316 stl_08 stl_906">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3107em;top:37.3325em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3082em;top:37.3325em;"><span class="stl_316 stl_08 stl_909">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:38.2068em;"><span class="stl_316 stl_08 stl_318" style="word-spacing:-0.0422em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6225em;top:38.2068em;"><span class="stl_316 stl_08 stl_112">643  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6025em;top:38.2068em;"><span class="stl_316 stl_08 stl_156">888  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.7519em;top:38.2068em;"><span class="stl_316 stl_08 stl_301">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2644em;top:38.2068em;"><span class="stl_316 stl_08 stl_323">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3788em;top:38.2068em;"><span class="stl_316 stl_08 stl_59">2,046  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:9.965em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:10.7225em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Acquired technologies, trademarks and customer relations, pri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:11.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">marily comprising identified technologies, are recognised at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.2225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">value on the time of acquisition in connection with a business com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.9725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">bination. Any other intangible asset is recognised at cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:14.4725em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">Development and IT projects are recognised as intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.2225em;"><span class="stl_46 stl_12 stl_453" style="word-spacing:-0.0425em;">if they meet certain criteria. These projects must be clearly defined  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.9725em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">and identifiable, with proven technical feasibility and sufficient  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:16.7225em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">resources available for completion. Additionally, there should be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:17.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">a potential market or scope for the project, and the Group must  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.2225em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0403em;">intend to produce, market or use the project. The directly attrib-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.9725em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">utable cost should be reliably measurable, and there must be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:19.7225em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0361em;">certainty that future earnings or the net selling price will cover all  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:20.4725em;"><span class="stl_46 stl_12 stl_112">costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:21.965em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0418em;">Useful lifetime and residual value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:22.7225em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">Intangible assets, excl. goodwill, are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:23.4725em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">straight-line method over the expected useful lifetime of the indi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.2225em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0383em;">vidual asset. The residual value for all intangible assets is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.9725em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0367em;">as zero. The amortisation of the intangible asset commences upon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:25.7225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">completion of the project or when the asset is ready for use. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:26.4725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">basis of amortisation is reduced by impairment losses, if any. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.2225em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">useful life of the asset may subsequently be changed if the original  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.9725em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">assumptions, on which the useful life and any residual value are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:28.7225em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0322em;">based, have changed significantly.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:30.2225em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">The expected useful lifetime of intangible assets are as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:31.7225em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Acquired technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8769em;top:31.7225em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_187" style="word-spacing:-0.0152em;">15 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:32.4725em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8713em;top:32.4725em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_280" style="word-spacing:-0.0188em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.2225em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Distribution rights, patents and licenses etc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8213em;top:33.2225em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0311em;">5-20 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.9725em;"><span class="stl_46 stl_12 stl_676" style="word-spacing:-0.0528em;">IT software projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.1682em;top:33.9725em;"><span class="stl_46 stl_12 stl_351" 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:10.5312em;"><span class="stl_316 stl_08 stl_361" style="word-spacing:-0.0423em;">Result of impairment test other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">In 2023/24, a strategic review across our GI endoscopy business was conducted. This resulted in revised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">assumptions, based on the longer time required to penetrate the market, resulting in a re-evaluation of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">our short-term potential for GI. Despite this revision, we remain dedicated to solving unmet customer  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">needs within GI, unlocking potential on the mid to long term, by applying a focused approach in the years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_46 stl_12 stl_171" style="word-spacing:-0.028em;">to come.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">The technologies 'Colonoscopy' and 'Duodenoscopy' have been written down to their respective recover-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">able amount as a result of the strategic review performed across the GI endoscopy business, resulting in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">revised assumptions, based on the longer time required to penetrate this market.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">The recoverable amount is determined as the highest of fair value and value in use in accordance with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0335em;">Ambu’s accounting policies. The recoverable amount has been calculated on basis of the estimated fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;z-index:1149;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">value by use of the ‘relief from royalty’ method, except for the internal development project ‘Cholangio’,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">where project plans have been put on hold as a consequence of the strategic review.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0355em;">The total DKK 327m impairment loss on intangible assets has been charged to special items, as described  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">in note 2.6. Hereafter, the total carrying amount, as of 30 September 2024, for the GI technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_46 stl_12 stl_221" style="word-spacing:-0.0283em;">amounts to DKK 596m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5387em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">In 2022/23, an impairment loss of DKK 2m on in-progress development projects was recognised, due to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">ceased development plans, and an impairment loss of DKK 16m on intangible rights related to production  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.0387em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">was recognised, due to rights not expected to be used.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4812em;"><span class="stl_557 stl_17 stl_430" 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:11.2356em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0393em;">The sensitivity analysis assesses the impact of changes in key assumptions of the impairment test results.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7356em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">The ‘relief from royalty’ method estimates the discounted value of an intangible asset determined on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4856em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">expected royalty payments to an independent third party to be saved by owning the respective asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2356em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">instead of licensing it. When applying the ‘relief from royalty’ method in the impairment test for the GI  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9856em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0357em;">technologies, the fair value is measured over the useful lifetime of the individual assets and applying the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7356em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0349em;">main key assumptions as revenue, royalty rate and pre-tax discount rate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2356em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">Useful lifetime for GI technologies is 15 years from FDA approval of the first product generation, also cor-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9856em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">responding to the budgeted period used in the impairment test.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4856em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0367em;">The sensitivity shown for revenue is the amount of decrease in headroom, when reducing the expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">revenue in all budgeted years by 5 percentage points, everything else kept equal.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7356em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0372em;">The sensitivity shown for royalty rate is the amount of decrease in headroom, when reducing the applied  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4856em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">royalty rate by 5 percentage points, everything else kept equal.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9856em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">The sensitivity shown for pre-tax discount rate is the amount of decrease in headroom, when increasing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7356em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">the applied pre-tax discount rate by 1 percentage points, everything else kept equal.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.1868em;"><span class="stl_316 stl_08 stl_74" style="word-spacing:-0.0373em;">Key assumptions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:26.1868em;"><span class="stl_316 stl_08 stl_75">Description  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7456em;"><span class="stl_46 stl_12 stl_202">Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:27.7456em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:0.2253em;">• Revenue</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.882em;top:27.7456em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">in the budgeted period is based on a combination of expected quanti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:28.4956em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">ties sold and the average selling price together with a 15 years of survival curve  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:29.2456em;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0332em;">for each technology, commencing upon first FDA approval  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.4268em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:30.4268em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:0.209em;">• Based</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.177em;top:30.4268em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">on an expected royalty rate paid to an independent third party to license  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:31.1768em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">the individual technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.3581em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">Discounted rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:32.3581em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:0.209em;">• Based</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.177em;top:32.3581em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">on 20-year government bonds  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.1081em;"><span class="stl_46 stl_12 stl_27">(pre-tax)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:33.1081em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:0.2076em;">• Equity</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.188em;top:33.1081em;"><span class="stl_46 stl_12 stl_90" style="word-spacing:-0.0052em;">risk premium: 8.1% (8.8%)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:33.8581em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:0.2253em;">• Premium</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.032em;top:33.8581em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">added to adjust for variability and associated risks of the in-market  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:34.6081em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">and pipeline products  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.6719em;top:10.4899em;"><span class="stl_316 stl_08 stl_278">Cholangio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.32em;top:10.4899em;"><span class="stl_316 stl_08 stl_116">Colon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.52em;top:10.4899em;"><span class="stl_316 stl_08 stl_558">Duodeno  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.5469em;top:10.4899em;"><span class="stl_316 stl_08 stl_577">Gastro  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0412em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Carrying amount, tested technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1894em;top:12.9699em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0557em;top:12.9699em;"><span class="stl_46 stl_12 stl_166">254  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3813em;top:12.9699em;"><span class="stl_46 stl_12 stl_138">416  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.575em;top:12.9699em;"><span class="stl_46 stl_12 stl_385">227  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8912em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0156em;">Impairment loss (-) / headroom (+)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.9982em;top:13.8912em;"><span class="stl_46 stl_12 stl_334">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9363em;top:13.8912em;"><span class="stl_46 stl_12 stl_343">-162  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.19em;top:13.8912em;"><span class="stl_46 stl_12 stl_666">-139  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.965em;top:13.8912em;"><span class="stl_46 stl_12 stl_541">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.8124em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7163em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4257em;top:14.8124em;"><span class="stl_46 stl_12 stl_171">92  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3257em;top:14.8124em;"><span class="stl_46 stl_12 stl_329">277  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5744em;top:14.8124em;"><span class="stl_46 stl_12 stl_385">227  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.2381em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">Budget period  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:17.1668em;"><span class="stl_46 stl_12 stl_217" style="word-spacing:-0.0195em;">Revenue (CAGR)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9163em;top:17.1668em;"><span class="stl_46 stl_12 stl_365">19%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2257em;top:17.1668em;"><span class="stl_46 stl_12 stl_912">61%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4063em;top:17.1668em;"><span class="stl_46 stl_12 stl_335">27%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.0881em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8875em;top:18.0881em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1544em;top:18.0881em;"><span class="stl_46 stl_12 stl_327">25%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3913em;top:18.0881em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:19.0093em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4713em;top:19.0093em;"><span class="stl_46 stl_12 stl_911">14.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6875em;top:19.0093em;"><span class="stl_46 stl_12 stl_10">11.5%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9394em;top:19.0093em;"><span class="stl_46 stl_12 stl_10">11.5%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:20.4349em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0391em;">Sensitivity analysis – impacted headroom</span><sup style="top: -0.2077em;"><span class="stl_755 stl_08 stl_845" style="word-spacing:-0.0671em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3642em;"><span class="stl_46 stl_12 stl_191">Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.5857em;top:21.3642em;"><span class="stl_46 stl_12 stl_323">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.555em;top:21.3642em;"><span class="stl_46 stl_12 stl_360">-14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8075em;top:21.3642em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:22.2854em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2507em;top:22.2854em;"><span class="stl_46 stl_12 stl_334">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4663em;top:22.2854em;"><span class="stl_46 stl_12 stl_105">-56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7025em;top:22.2854em;"><span class="stl_46 stl_12 stl_608">-80  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:23.2067em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6219em;top:23.2067em;"><span class="stl_46 stl_12 stl_366">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5507em;top:23.2067em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8075em;top:23.2067em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:25.0417em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:25.9704em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Carrying amount, tested technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.19em;top:25.9704em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1082em;top:25.9704em;"><span class="stl_46 stl_12 stl_279">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3263em;top:25.9704em;"><span class="stl_46 stl_12 stl_79">425  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5763em;top:25.9704em;"><span class="stl_46 stl_12 stl_240">232  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:26.8917em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0156em;">Impairment loss (-) / headroom (+)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0907em;top:26.8917em;"><span class="stl_46 stl_12 stl_336">135  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4038em;top:26.8917em;"><span class="stl_46 stl_12 stl_397">116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5544em;top:26.8917em;"><span class="stl_46 stl_12 stl_118">330  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:27.8129em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Carrying amount, 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.19em;top:27.8129em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1082em;top:27.8129em;"><span class="stl_46 stl_12 stl_279">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3263em;top:27.8129em;"><span class="stl_46 stl_12 stl_79">425  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5763em;top:27.8129em;"><span class="stl_46 stl_12 stl_240">232  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:29.2385em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">Budget period  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:30.1673em;"><span class="stl_46 stl_12 stl_217" style="word-spacing:-0.0195em;">Revenue (CAGR)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9157em;top:30.1673em;"><span class="stl_46 stl_12 stl_533">47%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1438em;top:30.1673em;"><span class="stl_46 stl_12 stl_212">62%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4075em;top:30.1673em;"><span class="stl_46 stl_12 stl_335">27%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:31.0885em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8888em;top:31.0885em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1557em;top:31.0885em;"><span class="stl_46 stl_12 stl_327">25%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3925em;top:31.0885em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.0098em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.3975em;top:32.0098em;"><span class="stl_46 stl_12 stl_334">15.4%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6419em;top:32.0098em;"><span class="stl_46 stl_12 stl_618">12.8%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8938em;top:32.0098em;"><span class="stl_46 stl_12 stl_618">12.8%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.4354em;"><span class="stl_316 stl_08 stl_59" style="word-spacing:-0.039em;">Sensitivity analysis – impacted headroom</span><sup style="top: -0.2074em;"><span class="stl_755 stl_08 stl_913" style="word-spacing:-0.0669em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.3649em;"><span class="stl_46 stl_12 stl_191">Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2394em;top:34.3649em;"><span class="stl_46 stl_12 stl_385">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4919em;top:34.3649em;"><span class="stl_46 stl_12 stl_240">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7169em;top:34.3649em;"><span class="stl_46 stl_12 stl_337">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2862em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0094em;top:35.2862em;"><span class="stl_46 stl_12 stl_621">-111  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2407em;top:35.2862em;"><span class="stl_46 stl_12 stl_914">-116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4319em;top:35.2862em;"><span class="stl_46 stl_12 stl_540">-150  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.2074em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2494em;top:36.2074em;"><span class="stl_46 stl_12 stl_200">-27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.49em;top:36.2074em;"><span class="stl_46 stl_12 stl_257">-31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7163em;top:36.2074em;"><span class="stl_46 stl_12 stl_64">-33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.838em;"><span class="stl_915 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:37.7995em;"><span class="stl_210 stl_12 stl_676" style="word-spacing:-0.0516em;">Sensitivity for revenue and royalty rate is based on a 5 percentage points decrease, and pre-tax discount rate is based on a 1 per-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:38.5495em;"><span class="stl_210 stl_12 stl_421" style="word-spacing:-0.0504em;">centage point increase  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5312em;"><span class="stl_316 stl_08 stl_619" 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:11.2843em;"><span class="stl_557 stl_17 stl_475" style="word-spacing:-0.0431em;">Impairment testing other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0384em;"><span class="stl_910 stl_12 stl_124" style="word-spacing:-0.0404em;">At each reporting date, the Management performs an assessment of whether internal or external indications  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7676em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0387em;">of impairment of the identified intangible assets exist. If there is any indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4968em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">test is carried out. If an indication of impairment exists, the recoverable amount of the asset is determined, i.e.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.226em;"><span class="stl_910 stl_12 stl_517" style="word-spacing:-0.0416em;">the higher of the fair value of the asset less anticipated costs of disposal and its value-in-use.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.4277em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">Development projects in progress, either acquired or internally generated, are tested for impairment mini-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.157em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.038em;">mum on an annual basis and if any indication of impairment. For completed development projects, it is con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.8862em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.039em;">tinuously assessed whether there is any indication of impairment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0879em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0395em;">Impairment tests is either carried out by calculating the value in use, by use of discounted cashflow model,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8171em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.0389em;">or by calculating the fair value, depending on the type of intangible asset. If the initial impairment test shows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5463em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0389em;">a calculated amount lower than the carrying value of the asset, both fair value and value in use is calculated,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2756em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.0381em;">and an impairment loss is recognised at the higher amount of either fair value or value in use, if both calcu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0048em;"><span class="stl_910 stl_12 stl_105" style="word-spacing:-0.04em;">lated values are below the carrying amount of the asset. The impairment assessment, and possible following  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.734em;"><span class="stl_910 stl_12 stl_114" style="word-spacing:-0.0412em;">impairment test, is carried out per individual asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.9277em;"><span class="stl_316 stl_08 stl_114" style="word-spacing:-0.0413em;">! Material accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.6808em;"><span class="stl_557 stl_17 stl_456" style="word-spacing:-0.0435em;">Impairment test of other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.4348em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0394em;">The Management assesses the risk of impairment of the Ambu Group’s intangible assets. This requires judg-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.1641em;"><span class="stl_910 stl_12 stl_60" style="word-spacing:-0.0396em;">ment in relation to the underlying assumptions of the future expected cashflow, of the individual assets, to be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.8933em;"><span class="stl_910 stl_12 stl_51" style="word-spacing:-0.0321em;">applied in the Group’s impairment model.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.095em;"><span class="stl_910 stl_12 stl_130" style="word-spacing:-0.0408em;">An impairment test is performed at least once a year for development projects in progress. The impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.8242em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0395em;">test is for each development project in progress determined on the basis of certain key assumptions, i.e. pay-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.5534em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0386em;">back time, net present value and actual development costs realised, compared to the business case.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.7551em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.0391em;">For acquired and completed development projects related to the GI technologies, the impairment test is con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.4844em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0388em;">ducted by use of the ‘relief from royalty’ method as the valuation model for determining the fair value. This is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.2136em;"><span class="stl_910 stl_12 stl_315" style="word-spacing:-0.0383em;">consistent with the valuation method applied when the technologies were acquired.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.4153em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0386em;">The fair value hierarchy, by use of the ‘relief from royalty’ method, is level 3, as unobservable inputs are used  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.1445em;"><span class="stl_910 stl_12 stl_13" style="word-spacing:-0.0373em;">to measure the fair value to the extent that relevant observable inputs are not available, which includes any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.8737em;"><span class="stl_910 stl_12 stl_13" style="word-spacing:-0.0371em;">information about market participant assumptions that is reasonably available.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:35.0754em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0388em;">The recoverable amount of each identified intangible asset, related to the GI technologies, is determined  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:35.8047em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0388em;">on the basis of certain key assumptions, i.e., expected revenue, royalty rate and discount rate, etc. The cash  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.5339em;"><span class="stl_910 stl_12 stl_319" style="word-spacing:-0.0438em;">flow projections for the individual assets, applied in the short-, mid- and long-term perspective, reflect Man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.2631em;"><span class="stl_910 stl_12 stl_105" style="word-spacing:-0.0399em;">agement’s best estimate, including Group-strategic initiatives, local initiatives, past experience and external  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.9923em;"><span class="stl_910 stl_12 stl_558" style="word-spacing:-0.0384em;">sources of information, where possible and relevant for the individual assets.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_224 stl_08 stl_109" 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:35.0025em;top:10.4899em;"><span class="stl_316 stl_08 stl_518" style="word-spacing:1.127em;">Other Property,</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:40.877em;top:10.4899em;"><span class="stl_316 stl_08 stl_278">plant  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.5132em;top:11.2399em;"><span class="stl_316 stl_08 stl_399" style="word-spacing:-0.0444em;">Land and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1294em;top:11.2399em;"><span class="stl_316 stl_08 stl_47" style="word-spacing:-0.0343em;">Plant and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.019em;top:11.2399em;"><span class="stl_316 stl_08 stl_711" style="word-spacing:-0.0531em;">fixtures and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.708em;top:11.2399em;"><span class="stl_316 stl_08 stl_13" style="word-spacing:-0.0372em;">and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.4025em;top:11.9899em;"><span class="stl_316 stl_08 stl_29">buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.77em;top:11.9899em;"><span class="stl_316 stl_08 stl_471">machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3882em;top:11.9899em;"><span class="stl_316 stl_08 stl_116">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.9457em;top:11.9899em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6975em;top:11.9899em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:13.5174em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:14.3993em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3175em;top:14.3993em;"><span class="stl_46 stl_12 stl_334">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0307em;top:14.3993em;"><span class="stl_46 stl_12 stl_257">537  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.7457em;top:14.3993em;"><span class="stl_46 stl_12 stl_251">285  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7957em;top:14.3993em;"><span class="stl_46 stl_12 stl_200">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.7019em;top:14.3993em;"><span class="stl_46 stl_12 stl_860">1,188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.2737em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0369em;top:15.2737em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7613em;top:15.2737em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9875em;top:15.2737em;"><span class="stl_46 stl_12 stl_898">-13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.9925em;top:15.2737em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6507em;top:15.2737em;"><span class="stl_46 stl_12 stl_371">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.148em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2057em;top:16.148em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7613em;top:16.148em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6544em;top:16.148em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7788em;top:16.148em;"><span class="stl_46 stl_12 stl_278">86  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5em;top:16.148em;"><span class="stl_46 stl_12 stl_518">88  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.0224em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.845em;top:17.0224em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2007em;top:17.0224em;"><span class="stl_46 stl_12 stl_240">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9282em;top:17.0224em;"><span class="stl_46 stl_12 stl_329">-20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3238em;top:17.0224em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3338em;top:17.0224em;"><span class="stl_46 stl_12 stl_365">-51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.8968em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0363em;top:17.8968em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3851em;top:17.8968em;"><span class="stl_46 stl_12 stl_54">68  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1494em;top:17.8968em;"><span class="stl_46 stl_12 stl_138">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.5657em;top:17.8968em;"><span class="stl_46 stl_12 stl_458">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.0482em;top:17.8968em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7637em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1857em;top:18.7637em;"><span class="stl_316 stl_08 stl_73">291  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8963em;top:18.7637em;"><span class="stl_316 stl_08 stl_55">583  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6225em;top:18.7637em;"><span class="stl_316 stl_08 stl_166">265  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7057em;top:18.7637em;"><span class="stl_316 stl_08 stl_102">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4332em;top:18.7637em;"><span class="stl_316 stl_08 stl_385">1,221  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.1099em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">Depreciation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2275em;top:20.1099em;"><span class="stl_46 stl_12 stl_916">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8025em;top:20.1099em;"><span class="stl_46 stl_12 stl_54">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.625em;top:20.1099em;"><span class="stl_46 stl_12 stl_781">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3232em;top:20.1099em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.8944em;top:20.1099em;"><span class="stl_46 stl_12 stl_899">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.9843em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2044em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5688em;top:20.9843em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4844em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3225em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.8782em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.8587em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0357em;top:21.8587em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3932em;top:21.8587em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1444em;top:21.8587em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3225em;top:21.8587em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.4913em;top:21.8587em;"><span class="stl_46 stl_12 stl_637">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.733em;"><span class="stl_46 stl_12 stl_619" 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:27.2044em;top:22.733em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5451em;top:22.733em;"><span class="stl_46 stl_12 stl_323">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3219em;top:22.733em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3226em;top:22.733em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6519em;top:22.733em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.6074em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8069em;top:23.6074em;"><span class="stl_46 stl_12 stl_371">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1444em;top:23.6074em;"><span class="stl_46 stl_12 stl_917">-43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9332em;top:23.6074em;"><span class="stl_46 stl_12 stl_200">-28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3225em;top:23.6074em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3457em;top:23.6074em;"><span class="stl_46 stl_12 stl_339">-75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:24.4743em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0391em;">Depreciation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0844em;top:24.4743em;"><span class="stl_316 stl_08 stl_918">-114  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.685em;top:24.4743em;"><span class="stl_316 stl_08 stl_188">-387  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4813em;top:24.4743em;"><span class="stl_316 stl_08 stl_355">-138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3144em;top:24.4743em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.7813em;top:24.4743em;"><span class="stl_316 stl_08 stl_465">-639  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:25.3487em;"><span class="stl_316 stl_08 stl_476" style="word-spacing:-0.0432em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.23em;top:25.3487em;"><span class="stl_316 stl_08 stl_172">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9425em;top:25.3487em;"><span class="stl_316 stl_08 stl_857">196  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6669em;top:25.3487em;"><span class="stl_316 stl_08 stl_857">127  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.705em;top:25.3487em;"><span class="stl_316 stl_08 stl_102">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.0207em;top:25.3487em;"><span class="stl_316 stl_08 stl_212">582  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.0968em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.9787em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3044em;top:27.9787em;"><span class="stl_46 stl_12 stl_100">301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0107em;top:27.9787em;"><span class="stl_46 stl_12 stl_109">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.745em;top:27.9787em;"><span class="stl_46 stl_12 stl_241">222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.4419em;top:27.9787em;"><span class="stl_46 stl_12 stl_101">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6763em;top:27.9787em;"><span class="stl_46 stl_12 stl_804">1,217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:28.853em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4769em;top:28.853em;"><span class="stl_46 stl_12 stl_79">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1488em;top:28.853em;"><span class="stl_46 stl_12 stl_919">-46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.0069em;top:28.853em;"><span class="stl_46 stl_12 stl_326">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.9407em;top:28.853em;"><span class="stl_46 stl_12 stl_107">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.2744em;top:28.853em;"><span class="stl_46 stl_12 stl_845">-83  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:29.7274em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2032em;top:29.7274em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7588em;top:29.7274em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4832em;top:29.7274em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7769em;top:29.7274em;"><span class="stl_46 stl_12 stl_54">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.53em;top:29.7274em;"><span class="stl_46 stl_12 stl_540">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:30.6018em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2025em;top:30.6018em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5363em;top:30.6018em;"><span class="stl_46 stl_12 stl_328">-8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.2863em;top:30.6018em;"><span class="stl_46 stl_12 stl_15">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3207em;top:30.6018em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3882em;top:30.6018em;"><span class="stl_46 stl_12 stl_921">-17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:31.4762em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0338em;top:31.4762em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.4007em;top:31.4762em;"><span class="stl_46 stl_12 stl_431">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1494em;top:31.4762em;"><span class="stl_46 stl_12 stl_360">76  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2769em;top:31.4762em;"><span class="stl_46 stl_12 stl_920">-134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.045em;top:31.4762em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:32.343em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1875em;top:32.343em;"><span class="stl_316 stl_08 stl_327">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9069em;top:32.343em;"><span class="stl_316 stl_08 stl_73">537  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6188em;top:32.343em;"><span class="stl_316 stl_08 stl_156">285  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7088em;top:32.343em;"><span class="stl_316 stl_08 stl_240">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.51em;top:32.343em;"><span class="stl_316 stl_08 stl_922">1,188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:33.6893em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">Depreciation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.145em;top:33.6893em;"><span class="stl_46 stl_12 stl_923">-108  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7988em;top:33.6893em;"><span class="stl_46 stl_12 stl_54">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6794em;top:33.6893em;"><span class="stl_46 stl_12 stl_924">-117  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:33.6893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9107em;top:33.6893em;"><span class="stl_46 stl_12 stl_320">-585  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:34.5637em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0332em;top:34.5637em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3826em;top:34.5637em;"><span class="stl_46 stl_12 stl_51">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4819em;top:34.5637em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:34.5637em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.4888em;top:34.5637em;"><span class="stl_46 stl_12 stl_637">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:35.438em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2019em;top:35.438em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7576em;top:35.438em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4819em;top:35.438em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:35.438em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5363em;top:35.438em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:36.3124em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.5563em;top:36.3124em;"><span class="stl_46 stl_12 stl_326">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1901em;top:36.3124em;"><span class="stl_46 stl_12 stl_262">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9219em;top:36.3124em;"><span class="stl_46 stl_12 stl_240">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:36.3124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3307em;top:36.3124em;"><span class="stl_46 stl_12 stl_78">-77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:37.1793em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0391em;">Depreciation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0813em;top:37.1793em;"><span class="stl_316 stl_08 stl_918">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6688em;top:37.1793em;"><span class="stl_316 stl_08 stl_29">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4813em;top:37.1793em;"><span class="stl_316 stl_08 stl_602">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3107em;top:37.1793em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.7701em;top:37.1793em;"><span class="stl_316 stl_08 stl_112">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7201em;top:38.0537em;"><span class="stl_316 stl_08 stl_476" style="word-spacing:-0.0432em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2376em;top:38.0537em;"><span class="stl_316 stl_08 stl_369">175  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9507em;top:38.0537em;"><span class="stl_316 stl_08 stl_172">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6457em;top:38.0537em;"><span class="stl_316 stl_08 stl_359">153  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7076em;top:38.0537em;"><span class="stl_316 stl_08 stl_240">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.0119em;top:38.0537em;"><span class="stl_316 stl_08 stl_166">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:10.4781em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.2356em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0333em;">Land and buildings, plant and machinery, as well as other plant, fix-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.9856em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">tures and fittings, tools and equipment are measured at cost, less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:12.7356em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">accumulated depreciation and impairment losses. Cost comprises  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:13.4856em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0394em;">the acquisition price and any costs directly attributable to the acqui-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.2356em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">sition until the date when the asset is ready for use. The cost of a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">total asset is divided into separate elements which are depreciated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:15.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">individually when the useful lives of the individual elements differ.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">The basis of depreciation is calculated in consideration of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.9856em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">residual value of the asset and is reduced by impairment losses,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:18.7356em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">if any. The residual value is fixed at the date of acquisition and is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:19.4856em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">subject to annual review. When the residual value exceeds the car-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.2356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">rying amount of the asset, depreciation will no longer take place. In  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">connection with changes in the depreciation period or the residual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:21.7356em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">value, the effect of depreciation is recognised in the future as a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:22.4856em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">change in the accounting estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:23.9856em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0397em;">The carrying amount of property, plant and equipment is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:24.7356em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">on an annual basis to establish whether there is any indication of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:25.4856em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">impairment. When such indication exists, an impairment test is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.2356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">performed. An impairment loss is recognised when the carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.9856em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">amount of an asset exceeds the recoverable amount of the asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:28.4856em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Property, plant and equipment are depreciated according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.2356em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0389em;">straight-line method over the expected useful lives of the assets/  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.9856em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">components as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:31.4856em;"><span class="stl_46 stl_12 stl_51">Buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.9361em;top:31.4856em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">10-40 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.2356em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Building installations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.9405em;top:32.2356em;"><span class="stl_46 stl_12 stl_231" style="word-spacing:-0.018em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.9856em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4268em;top:32.9856em;"><span class="stl_46 stl_12 stl_388" style="word-spacing:0.0086em;">2-10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:33.7356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">Other fixtures and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.6849em;top:33.7356em;"><span class="stl_46 stl_12 stl_351" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:35.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">Land is not depreciated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:36.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">Depreciation is recognised in the income statement under produc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:37.4856em;"><span class="stl_46 stl_12 stl_189" style="word-spacing:-0.041em;">tion costs, selling and distribution costs, development costs or man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:38.2356em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0343em;">agement 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:9.2256em;"><span class="stl_224 stl_08 stl_619" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0413em;">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_46 stl_12 stl_95" style="word-spacing:-0.0356em;">with business combinations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7282em;top:12.7987em;"><span class="stl_46 stl_12 stl_397">61  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9569em;top:12.7987em;"><span class="stl_46 stl_12 stl_366">47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.7199em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0385em;">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:30.3344em;top:13.7199em;"><span class="stl_46 stl_12 stl_301">154  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6132em;top:13.7199em;"><span class="stl_46 stl_12 stl_768">137  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.6412em;"><span class="stl_46 stl_12 stl_95" 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:30.6982em;top:14.6412em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:14.6412em;"><span class="stl_46 stl_12 stl_100">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.5624em;"><span class="stl_46 stl_12 stl_117" 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_46 stl_12 stl_405">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9238em;top:15.5624em;"><span class="stl_46 stl_12 stl_405">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.4837em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:-0.0424em;">Net loss on disposed non-current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:16.4837em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:16.4837em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.4049em;"><span class="stl_46 stl_12 stl_322" 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:30.3013em;top:17.4049em;"><span class="stl_46 stl_12 stl_54">333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.935em;top:17.4049em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.3187em;"><span class="stl_316 stl_08 stl_117" 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:30.2132em;top:18.3187em;"><span class="stl_316 stl_08 stl_378">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4357em;top:18.3187em;"><span class="stl_316 stl_08 stl_51">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.7955em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0312em;">In 2023/24, DKK 327m of the total impairment losses on non-current assets of DKK 333m relates to an  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.5455em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">impairment of GI technologies reflecting the longer time required to penetrate the market. The impair-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.2955em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0302em;">ment losses are charged to 'special items'. Please 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:22.7955em;"><span class="stl_46 stl_12 stl_309" 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:24.2544em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:24.2469em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:24.2469em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.8056em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.67em;top:25.8056em;"><span class="stl_46 stl_12 stl_112">84  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9382em;top:25.8056em;"><span class="stl_46 stl_12 stl_100">77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.7269em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6825em;top:26.7269em;"><span class="stl_46 stl_12 stl_241">22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:26.7269em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.6481em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3513em;top:27.6481em;"><span class="stl_46 stl_12 stl_52">210  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5844em;top:27.6481em;"><span class="stl_46 stl_12 stl_334">188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.5694em;"><span class="stl_46 stl_12 stl_94" 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:28.5694em;"><span class="stl_46 stl_12 stl_351">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9244em;top:28.5694em;"><span class="stl_46 stl_12 stl_405">40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.4906em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.315em;top:29.4906em;"><span class="stl_46 stl_12 stl_50">332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9638em;top:29.4906em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.4044em;"><span class="stl_316 stl_08 stl_117" 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:30.2132em;top:30.4044em;"><span class="stl_316 stl_08 stl_378">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4357em;top:30.4044em;"><span class="stl_316 stl_08 stl_51">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8737em;"><span class="stl_316 stl_08 stl_619" 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:32.6312em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">For a description of accounting policies, please refer 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:24.4727em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:24.4652em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:24.4652em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.024em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0337em;">Impairment of acquired technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3107em;top:26.024em;"><span class="stl_46 stl_12 stl_231">206  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:26.024em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.9452em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">Impairment of completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.365em;top:26.9452em;"><span class="stl_46 stl_12 stl_172">121  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:26.9452em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.8665em;"><span class="stl_46 stl_12 stl_34" 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:31.2213em;top:27.8665em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9694em;top:27.8665em;"><span class="stl_46 stl_12 stl_97">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.7877em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Impairment of plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:28.7877em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:28.7877em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.709em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Write-down of inventories  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:29.709em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:29.709em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.6302em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0349em;">Remeasurement of technology debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:30.6302em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8094em;top:30.6302em;"><span class="stl_46 stl_12 stl_324">-19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:31.5515em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">Severance costs and reversals hereof  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8907em;top:31.5515em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.305em;top:31.5515em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:32.4652em;"><span class="stl_316 stl_08 stl_48" style="word-spacing:-0.0321em;">Total special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1844em;top:32.4652em;"><span class="stl_316 stl_08 stl_51">334  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2657em;top:32.4652em;"><span class="stl_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:20.9852em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">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:39.4494em;top:21.7352em;"><span class="stl_46 stl_12 stl_485" 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:23.1943em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:23.1868em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:23.1868em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7456em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:24.7456em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1976em;top:24.7456em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.6668em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:25.6668em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8376em;top:25.6668em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.5881em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Development costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0557em;top:26.5881em;"><span class="stl_46 stl_12 stl_378">326  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6838em;top:26.5881em;"><span class="stl_46 stl_12 stl_69">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.5018em;"><span class="stl_316 stl_08 stl_48" style="word-spacing:-0.0321em;">Total special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9082em;top:27.5018em;"><span class="stl_316 stl_08 stl_51">334  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9894em;top:27.5018em;"><span class="stl_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:17.6062em;"><span class="stl_557 stl_17 stl_322" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.3605em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">As described in section 2.1, the Ambu Group is managed as one single unit, for which reason the Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.1105em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">ment monitors goodwill as a whole, at Group level. Consequently, the impairment test is based on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.8605em;"><span class="stl_46 stl_12 stl_188" style="word-spacing:-0.0234em;">Group’s market value. The market value of Ambu A/S’s shares is based on the quoted price of DKK 131.15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.6105em;"><span class="stl_46 stl_12 stl_221" style="word-spacing:-0.0285em;">per share on Nasdaq Copenhagen at 30 September 2024 (DKK 73.86 per share at 30 September 2023).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.3605em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0243em;">Based on this market value approximation, Ambu's equity value is DKK 34.9bn (DKK 19.9bn), which leaves  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.1105em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0301em;">DKK 29.3bn (DKK 14.5bn) in headroom to the carrying amount of equity. Therefore, the Management has  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.8605em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">concluded that the net selling price, calculated on the basis of a level 1 fair value measurement, proves  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.6105em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0337em;">that there is no indication of impairment of goodwill.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9875em;top:10.0175em;"><span class="stl_316 stl_08 stl_94">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.5682em;top:10.7675em;"><span class="stl_316 stl_08 stl_28">technologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.2613em;top:10.7675em;"><span class="stl_316 stl_08 stl_497">Development  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.2163em;top:11.5175em;"><span class="stl_316 stl_08 stl_465">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3319em;top:11.5175em;"><span class="stl_316 stl_08 stl_321">Completed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.5775em;top:11.5175em;"><span class="stl_316 stl_08 stl_472" style="word-spacing:-0.0476em;">projects and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9819em;top:12.2675em;"><span class="stl_316 stl_08 stl_107" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.649em;top:12.2675em;"><span class="stl_316 stl_08 stl_497">development  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0425em;top:12.2675em;"><span class="stl_316 stl_08 stl_291" style="word-spacing:-0.0324em;">Other, incl.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.6588em;top:12.2675em;"><span class="stl_316 stl_08 stl_547" style="word-spacing:-0.0509em;">other assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.025em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0775em;top:13.0175em;"><span class="stl_316 stl_08 stl_453">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2382em;top:13.0175em;"><span class="stl_316 stl_08 stl_255">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0025em;top:13.0175em;"><span class="stl_316 stl_08 stl_707" style="word-spacing:-0.0577em;">IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.9457em;top:13.0175em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6975em;top:13.0175em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:14.545em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.4269em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7669em;top:15.4269em;"><span class="stl_46 stl_12 stl_266">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2282em;top:15.4269em;"><span class="stl_46 stl_12 stl_53">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4682em;top:15.4269em;"><span class="stl_46 stl_12 stl_110">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.3788em;top:15.4269em;"><span class="stl_46 stl_12 stl_627">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6869em;top:15.4269em;"><span class="stl_46 stl_12 stl_770">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.3012em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2825em;top:16.3012em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.4694em;top:16.3012em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3625em;top:16.3012em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.9919em;top:16.3012em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6525em;top:16.3012em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.1756em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6775em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6382em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3625em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.4319em;top:17.1756em;"><span class="stl_46 stl_12 stl_364">201  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.1563em;top:17.1756em;"><span class="stl_46 stl_12 stl_364">201  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.05em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6769em;top:18.05em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7563em;top:18.05em;"><span class="stl_46 stl_12 stl_859">269  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8269em;top:18.05em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2369em;top:18.05em;"><span class="stl_46 stl_12 stl_53">-294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.0469em;top:18.05em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.9169em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.645em;top:18.9169em;"><span class="stl_316 stl_08 stl_166">923  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0763em;top:18.9169em;"><span class="stl_316 stl_08 stl_376">1,762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3344em;top:18.9169em;"><span class="stl_316 stl_08 stl_102">282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2888em;top:18.9169em;"><span class="stl_316 stl_08 stl_55">350  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4519em;top:18.9169em;"><span class="stl_316 stl_08 stl_334">3,317  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:20.2631em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0405em;">Amortisation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.58em;top:20.2631em;"><span class="stl_46 stl_12 stl_258">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.4838em;top:20.2631em;"><span class="stl_46 stl_12 stl_899">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3138em;top:20.2631em;"><span class="stl_46 stl_12 stl_760">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3219em;top:20.2631em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.5182em;top:20.2631em;"><span class="stl_46 stl_12 stl_900">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:21.1375em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.5069em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.0006em;top:21.1375em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.8769em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:22.0119em;"><span class="stl_46 stl_12 stl_619" 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:26.5738em;top:22.0119em;"><span class="stl_46 stl_12 stl_243">-206  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6175em;top:22.0119em;"><span class="stl_46 stl_12 stl_354">-121  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3607em;top:22.0119em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:22.0119em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9432em;top:22.0119em;"><span class="stl_46 stl_12 stl_89">-327  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:22.8862em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9563em;top:22.8862em;"><span class="stl_46 stl_12 stl_370">-</span><span class="stl_46 stl_12 stl_397">6</span><span class="stl_46 stl_12 stl_397">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6075em;top:22.8862em;"><span class="stl_46 stl_12 stl_781">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6313em;top:22.8862em;"><span class="stl_46 stl_12 stl_385">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:22.8862em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9913em;top:22.8862em;"><span class="stl_46 stl_12 stl_624">-215  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:23.7531em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0419em;">Amortisation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4375em;top:23.7531em;"><span class="stl_316 stl_08 stl_246">-547  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3957em;top:23.7531em;"><span class="stl_316 stl_08 stl_169">-857  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1607em;top:23.7531em;"><span class="stl_316 stl_08 stl_284">-210  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3125em;top:23.7531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3313em;top:23.7531em;"><span class="stl_316 stl_08 stl_172">-1,614  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:24.6275em;"><span class="stl_316 stl_08 stl_318" style="word-spacing:-0.0422em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6938em;top:24.6275em;"><span class="stl_316 stl_08 stl_366">376  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6007em;top:24.6275em;"><span class="stl_316 stl_08 stl_109">905  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.7507em;top:24.6275em;"><span class="stl_316 stl_08 stl_57">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2882em;top:24.6275em;"><span class="stl_316 stl_08 stl_55">350  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4532em;top:24.6275em;"><span class="stl_316 stl_08 stl_901">1,703  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:26.3756em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:27.2575em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7625em;top:27.2575em;"><span class="stl_46 stl_12 stl_166">944  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2125em;top:27.2575em;"><span class="stl_46 stl_12 stl_526">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4907em;top:27.2575em;"><span class="stl_46 stl_12 stl_339">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.3913em;top:27.2575em;"><span class="stl_46 stl_12 stl_349">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.5813em;top:27.2575em;"><span class="stl_46 stl_12 stl_310">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:28.1318em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.005em;top:28.1318em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3607em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.375em;top:28.1318em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:29.0062em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6757em;top:29.0062em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:29.0062em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8563em;top:29.0062em;"><span class="stl_46 stl_12 stl_138">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.4388em;top:29.0062em;"><span class="stl_46 stl_12 stl_352">242  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.1363em;top:29.0062em;"><span class="stl_46 stl_12 stl_251">255  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:29.8806em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6757em;top:29.8806em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.305em;top:29.8806em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.0007em;top:29.8806em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:29.8806em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6644em;top:29.8806em;"><span class="stl_46 stl_12 stl_107">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:30.755em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.675em;top:30.755em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7244em;top:30.755em;"><span class="stl_46 stl_12 stl_169">233  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8113em;top:30.755em;"><span class="stl_46 stl_12 stl_405">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2463em;top:30.755em;"><span class="stl_46 stl_12 stl_437">-281  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.045em;top:30.755em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:31.6218em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6463em;top:31.6218em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0194em;top:31.6218em;"><span class="stl_316 stl_08 stl_15">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3513em;top:31.6218em;"><span class="stl_316 stl_08 stl_49">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2657em;top:31.6218em;"><span class="stl_316 stl_08 stl_323">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4844em;top:31.6218em;"><span class="stl_316 stl_08 stl_902">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:32.9681em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0405em;">Amortisation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6175em;top:32.9681em;"><span class="stl_46 stl_12 stl_904">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5213em;top:32.9681em;"><span class="stl_46 stl_12 stl_169">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3325em;top:32.9681em;"><span class="stl_46 stl_12 stl_786">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:32.9681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9069em;top:32.9681em;"><span class="stl_46 stl_12 stl_362">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:33.8425em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1738em;top:33.8425em;"><span class="stl_46 stl_12 stl_71">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6357em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.36em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3207em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5438em;top:33.8425em;"><span class="stl_46 stl_12 stl_71">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:34.7168em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6744em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.4663em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.1907em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.8757em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:35.5912em;"><span class="stl_46 stl_12 stl_619" 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:27.6744em;top:35.5912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.275em;top:35.5912em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6932em;top:35.5912em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:35.5912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3725em;top:35.5912em;"><span class="stl_46 stl_12 stl_138">-18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:36.4656em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9288em;top:36.4656em;"><span class="stl_46 stl_12 stl_156">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6013em;top:36.4656em;"><span class="stl_46 stl_12 stl_907">-107  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6025em;top:36.4656em;"><span class="stl_46 stl_12 stl_337">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3194em;top:36.4656em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.99em;top:36.4656em;"><span class="stl_46 stl_12 stl_908">-184  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:37.3325em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0419em;">Amortisation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4394em;top:37.3325em;"><span class="stl_316 stl_08 stl_62">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3607em;top:37.3325em;"><span class="stl_316 stl_08 stl_112">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1888em;top:37.3325em;"><span class="stl_316 stl_08 stl_906">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3107em;top:37.3325em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3082em;top:37.3325em;"><span class="stl_316 stl_08 stl_909">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:38.2068em;"><span class="stl_316 stl_08 stl_318" style="word-spacing:-0.0422em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6225em;top:38.2068em;"><span class="stl_316 stl_08 stl_112">643  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6025em;top:38.2068em;"><span class="stl_316 stl_08 stl_156">888  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.7519em;top:38.2068em;"><span class="stl_316 stl_08 stl_301">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2644em;top:38.2068em;"><span class="stl_316 stl_08 stl_323">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3788em;top:38.2068em;"><span class="stl_316 stl_08 stl_59">2,046  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.6719em;top:10.4899em;"><span class="stl_316 stl_08 stl_278">Cholangio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.32em;top:10.4899em;"><span class="stl_316 stl_08 stl_116">Colon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.52em;top:10.4899em;"><span class="stl_316 stl_08 stl_558">Duodeno  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.5469em;top:10.4899em;"><span class="stl_316 stl_08 stl_577">Gastro  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0412em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Carrying amount, tested technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1894em;top:12.9699em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0557em;top:12.9699em;"><span class="stl_46 stl_12 stl_166">254  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3813em;top:12.9699em;"><span class="stl_46 stl_12 stl_138">416  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.575em;top:12.9699em;"><span class="stl_46 stl_12 stl_385">227  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8912em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0156em;">Impairment loss (-) / headroom (+)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.9982em;top:13.8912em;"><span class="stl_46 stl_12 stl_334">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9363em;top:13.8912em;"><span class="stl_46 stl_12 stl_343">-162  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.19em;top:13.8912em;"><span class="stl_46 stl_12 stl_666">-139  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.965em;top:13.8912em;"><span class="stl_46 stl_12 stl_541">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.8124em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7163em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4257em;top:14.8124em;"><span class="stl_46 stl_12 stl_171">92  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3257em;top:14.8124em;"><span class="stl_46 stl_12 stl_329">277  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5744em;top:14.8124em;"><span class="stl_46 stl_12 stl_385">227  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.2381em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">Budget period  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:17.1668em;"><span class="stl_46 stl_12 stl_217" style="word-spacing:-0.0195em;">Revenue (CAGR)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9163em;top:17.1668em;"><span class="stl_46 stl_12 stl_365">19%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2257em;top:17.1668em;"><span class="stl_46 stl_12 stl_912">61%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4063em;top:17.1668em;"><span class="stl_46 stl_12 stl_335">27%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.0881em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8875em;top:18.0881em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1544em;top:18.0881em;"><span class="stl_46 stl_12 stl_327">25%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3913em;top:18.0881em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:19.0093em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4713em;top:19.0093em;"><span class="stl_46 stl_12 stl_911">14.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6875em;top:19.0093em;"><span class="stl_46 stl_12 stl_10">11.5%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9394em;top:19.0093em;"><span class="stl_46 stl_12 stl_10">11.5%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:20.4349em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0391em;">Sensitivity analysis – impacted headroom</span><sup style="top: -0.2077em;"><span class="stl_755 stl_08 stl_845" style="word-spacing:-0.0671em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3642em;"><span class="stl_46 stl_12 stl_191">Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.5857em;top:21.3642em;"><span class="stl_46 stl_12 stl_323">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.555em;top:21.3642em;"><span class="stl_46 stl_12 stl_360">-14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8075em;top:21.3642em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:22.2854em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2507em;top:22.2854em;"><span class="stl_46 stl_12 stl_334">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4663em;top:22.2854em;"><span class="stl_46 stl_12 stl_105">-56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7025em;top:22.2854em;"><span class="stl_46 stl_12 stl_608">-80  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:23.2067em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6219em;top:23.2067em;"><span class="stl_46 stl_12 stl_366">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5507em;top:23.2067em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8075em;top:23.2067em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:25.0417em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:25.9704em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Carrying amount, tested technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.19em;top:25.9704em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1082em;top:25.9704em;"><span class="stl_46 stl_12 stl_279">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3263em;top:25.9704em;"><span class="stl_46 stl_12 stl_79">425  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5763em;top:25.9704em;"><span class="stl_46 stl_12 stl_240">232  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:26.8917em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0156em;">Impairment loss (-) / headroom (+)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0907em;top:26.8917em;"><span class="stl_46 stl_12 stl_336">135  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4038em;top:26.8917em;"><span class="stl_46 stl_12 stl_397">116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5544em;top:26.8917em;"><span class="stl_46 stl_12 stl_118">330  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:27.8129em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Carrying amount, 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.19em;top:27.8129em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1082em;top:27.8129em;"><span class="stl_46 stl_12 stl_279">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3263em;top:27.8129em;"><span class="stl_46 stl_12 stl_79">425  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5763em;top:27.8129em;"><span class="stl_46 stl_12 stl_240">232  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:29.2385em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">Budget period  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:30.1673em;"><span class="stl_46 stl_12 stl_217" style="word-spacing:-0.0195em;">Revenue (CAGR)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9157em;top:30.1673em;"><span class="stl_46 stl_12 stl_533">47%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1438em;top:30.1673em;"><span class="stl_46 stl_12 stl_212">62%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4075em;top:30.1673em;"><span class="stl_46 stl_12 stl_335">27%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:31.0885em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8888em;top:31.0885em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1557em;top:31.0885em;"><span class="stl_46 stl_12 stl_327">25%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3925em;top:31.0885em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.0098em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.3975em;top:32.0098em;"><span class="stl_46 stl_12 stl_334">15.4%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6419em;top:32.0098em;"><span class="stl_46 stl_12 stl_618">12.8%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8938em;top:32.0098em;"><span class="stl_46 stl_12 stl_618">12.8%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.4354em;"><span class="stl_316 stl_08 stl_59" style="word-spacing:-0.039em;">Sensitivity analysis – impacted headroom</span><sup style="top: -0.2074em;"><span class="stl_755 stl_08 stl_913" style="word-spacing:-0.0669em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.3649em;"><span class="stl_46 stl_12 stl_191">Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2394em;top:34.3649em;"><span class="stl_46 stl_12 stl_385">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4919em;top:34.3649em;"><span class="stl_46 stl_12 stl_240">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7169em;top:34.3649em;"><span class="stl_46 stl_12 stl_337">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2862em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0094em;top:35.2862em;"><span class="stl_46 stl_12 stl_621">-111  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2407em;top:35.2862em;"><span class="stl_46 stl_12 stl_914">-116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4319em;top:35.2862em;"><span class="stl_46 stl_12 stl_540">-150  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.2074em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2494em;top:36.2074em;"><span class="stl_46 stl_12 stl_200">-27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.49em;top:36.2074em;"><span class="stl_46 stl_12 stl_257">-31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7163em;top:36.2074em;"><span class="stl_46 stl_12 stl_64">-33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.838em;"><span class="stl_915 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:37.7995em;"><span class="stl_210 stl_12 stl_676" style="word-spacing:-0.0516em;">Sensitivity for revenue and royalty rate is based on a 5 percentage points decrease, and pre-tax discount rate is based on a 1 per-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:38.5495em;"><span class="stl_210 stl_12 stl_421" style="word-spacing:-0.0504em;">centage point increase  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.0025em;top:10.4899em;"><span class="stl_316 stl_08 stl_518" style="word-spacing:1.127em;">Other Property,</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:40.877em;top:10.4899em;"><span class="stl_316 stl_08 stl_278">plant  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.5132em;top:11.2399em;"><span class="stl_316 stl_08 stl_399" style="word-spacing:-0.0444em;">Land and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1294em;top:11.2399em;"><span class="stl_316 stl_08 stl_47" style="word-spacing:-0.0343em;">Plant and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.019em;top:11.2399em;"><span class="stl_316 stl_08 stl_711" style="word-spacing:-0.0531em;">fixtures and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.708em;top:11.2399em;"><span class="stl_316 stl_08 stl_13" style="word-spacing:-0.0372em;">and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.4025em;top:11.9899em;"><span class="stl_316 stl_08 stl_29">buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.77em;top:11.9899em;"><span class="stl_316 stl_08 stl_471">machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3882em;top:11.9899em;"><span class="stl_316 stl_08 stl_116">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.9457em;top:11.9899em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6975em;top:11.9899em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:13.5174em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:14.3993em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3175em;top:14.3993em;"><span class="stl_46 stl_12 stl_334">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0307em;top:14.3993em;"><span class="stl_46 stl_12 stl_257">537  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.7457em;top:14.3993em;"><span class="stl_46 stl_12 stl_251">285  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7957em;top:14.3993em;"><span class="stl_46 stl_12 stl_200">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.7019em;top:14.3993em;"><span class="stl_46 stl_12 stl_860">1,188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.2737em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0369em;top:15.2737em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7613em;top:15.2737em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9875em;top:15.2737em;"><span class="stl_46 stl_12 stl_898">-13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.9925em;top:15.2737em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6507em;top:15.2737em;"><span class="stl_46 stl_12 stl_371">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.148em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2057em;top:16.148em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7613em;top:16.148em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6544em;top:16.148em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7788em;top:16.148em;"><span class="stl_46 stl_12 stl_278">86  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5em;top:16.148em;"><span class="stl_46 stl_12 stl_518">88  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.0224em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.845em;top:17.0224em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2007em;top:17.0224em;"><span class="stl_46 stl_12 stl_240">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9282em;top:17.0224em;"><span class="stl_46 stl_12 stl_329">-20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3238em;top:17.0224em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3338em;top:17.0224em;"><span class="stl_46 stl_12 stl_365">-51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.8968em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0363em;top:17.8968em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3851em;top:17.8968em;"><span class="stl_46 stl_12 stl_54">68  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1494em;top:17.8968em;"><span class="stl_46 stl_12 stl_138">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.5657em;top:17.8968em;"><span class="stl_46 stl_12 stl_458">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.0482em;top:17.8968em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7637em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1857em;top:18.7637em;"><span class="stl_316 stl_08 stl_73">291  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8963em;top:18.7637em;"><span class="stl_316 stl_08 stl_55">583  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6225em;top:18.7637em;"><span class="stl_316 stl_08 stl_166">265  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7057em;top:18.7637em;"><span class="stl_316 stl_08 stl_102">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4332em;top:18.7637em;"><span class="stl_316 stl_08 stl_385">1,221  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.1099em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">Depreciation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2275em;top:20.1099em;"><span class="stl_46 stl_12 stl_916">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8025em;top:20.1099em;"><span class="stl_46 stl_12 stl_54">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.625em;top:20.1099em;"><span class="stl_46 stl_12 stl_781">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3232em;top:20.1099em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.8944em;top:20.1099em;"><span class="stl_46 stl_12 stl_899">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.9843em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2044em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5688em;top:20.9843em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4844em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3225em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.8782em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.8587em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0357em;top:21.8587em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3932em;top:21.8587em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1444em;top:21.8587em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3225em;top:21.8587em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.4913em;top:21.8587em;"><span class="stl_46 stl_12 stl_637">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.733em;"><span class="stl_46 stl_12 stl_619" 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:27.2044em;top:22.733em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5451em;top:22.733em;"><span class="stl_46 stl_12 stl_323">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3219em;top:22.733em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3226em;top:22.733em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6519em;top:22.733em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.6074em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8069em;top:23.6074em;"><span class="stl_46 stl_12 stl_371">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1444em;top:23.6074em;"><span class="stl_46 stl_12 stl_917">-43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9332em;top:23.6074em;"><span class="stl_46 stl_12 stl_200">-28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3225em;top:23.6074em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3457em;top:23.6074em;"><span class="stl_46 stl_12 stl_339">-75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:24.4743em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0391em;">Depreciation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0844em;top:24.4743em;"><span class="stl_316 stl_08 stl_918">-114  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.685em;top:24.4743em;"><span class="stl_316 stl_08 stl_188">-387  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4813em;top:24.4743em;"><span class="stl_316 stl_08 stl_355">-138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3144em;top:24.4743em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.7813em;top:24.4743em;"><span class="stl_316 stl_08 stl_465">-639  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:25.3487em;"><span class="stl_316 stl_08 stl_476" style="word-spacing:-0.0432em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.23em;top:25.3487em;"><span class="stl_316 stl_08 stl_172">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9425em;top:25.3487em;"><span class="stl_316 stl_08 stl_857">196  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6669em;top:25.3487em;"><span class="stl_316 stl_08 stl_857">127  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.705em;top:25.3487em;"><span class="stl_316 stl_08 stl_102">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.0207em;top:25.3487em;"><span class="stl_316 stl_08 stl_212">582  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.0968em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.9787em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3044em;top:27.9787em;"><span class="stl_46 stl_12 stl_100">301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0107em;top:27.9787em;"><span class="stl_46 stl_12 stl_109">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.745em;top:27.9787em;"><span class="stl_46 stl_12 stl_241">222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.4419em;top:27.9787em;"><span class="stl_46 stl_12 stl_101">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6763em;top:27.9787em;"><span class="stl_46 stl_12 stl_804">1,217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:28.853em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4769em;top:28.853em;"><span class="stl_46 stl_12 stl_79">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1488em;top:28.853em;"><span class="stl_46 stl_12 stl_919">-46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.0069em;top:28.853em;"><span class="stl_46 stl_12 stl_326">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.9407em;top:28.853em;"><span class="stl_46 stl_12 stl_107">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.2744em;top:28.853em;"><span class="stl_46 stl_12 stl_845">-83  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:29.7274em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2032em;top:29.7274em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7588em;top:29.7274em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4832em;top:29.7274em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7769em;top:29.7274em;"><span class="stl_46 stl_12 stl_54">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.53em;top:29.7274em;"><span class="stl_46 stl_12 stl_540">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:30.6018em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2025em;top:30.6018em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5363em;top:30.6018em;"><span class="stl_46 stl_12 stl_328">-8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.2863em;top:30.6018em;"><span class="stl_46 stl_12 stl_15">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3207em;top:30.6018em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3882em;top:30.6018em;"><span class="stl_46 stl_12 stl_921">-17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:31.4762em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0338em;top:31.4762em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.4007em;top:31.4762em;"><span class="stl_46 stl_12 stl_431">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1494em;top:31.4762em;"><span class="stl_46 stl_12 stl_360">76  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2769em;top:31.4762em;"><span class="stl_46 stl_12 stl_920">-134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.045em;top:31.4762em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:32.343em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1875em;top:32.343em;"><span class="stl_316 stl_08 stl_327">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9069em;top:32.343em;"><span class="stl_316 stl_08 stl_73">537  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6188em;top:32.343em;"><span class="stl_316 stl_08 stl_156">285  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7088em;top:32.343em;"><span class="stl_316 stl_08 stl_240">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.51em;top:32.343em;"><span class="stl_316 stl_08 stl_922">1,188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:33.6893em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">Depreciation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.145em;top:33.6893em;"><span class="stl_46 stl_12 stl_923">-108  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7988em;top:33.6893em;"><span class="stl_46 stl_12 stl_54">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6794em;top:33.6893em;"><span class="stl_46 stl_12 stl_924">-117  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:33.6893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9107em;top:33.6893em;"><span class="stl_46 stl_12 stl_320">-585  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:34.5637em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0332em;top:34.5637em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3826em;top:34.5637em;"><span class="stl_46 stl_12 stl_51">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4819em;top:34.5637em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:34.5637em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.4888em;top:34.5637em;"><span class="stl_46 stl_12 stl_637">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:35.438em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2019em;top:35.438em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7576em;top:35.438em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4819em;top:35.438em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:35.438em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5363em;top:35.438em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:36.3124em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.5563em;top:36.3124em;"><span class="stl_46 stl_12 stl_326">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1901em;top:36.3124em;"><span class="stl_46 stl_12 stl_262">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9219em;top:36.3124em;"><span class="stl_46 stl_12 stl_240">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:36.3124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3307em;top:36.3124em;"><span class="stl_46 stl_12 stl_78">-77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:37.1793em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0391em;">Depreciation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0813em;top:37.1793em;"><span class="stl_316 stl_08 stl_918">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6688em;top:37.1793em;"><span class="stl_316 stl_08 stl_29">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4813em;top:37.1793em;"><span class="stl_316 stl_08 stl_602">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3107em;top:37.1793em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.7701em;top:37.1793em;"><span class="stl_316 stl_08 stl_112">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7201em;top:38.0537em;"><span class="stl_316 stl_08 stl_476" style="word-spacing:-0.0432em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2376em;top:38.0537em;"><span class="stl_316 stl_08 stl_369">175  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9507em;top:38.0537em;"><span class="stl_316 stl_08 stl_172">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6457em;top:38.0537em;"><span class="stl_316 stl_08 stl_359">153  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7076em;top:38.0537em;"><span class="stl_316 stl_08 stl_240">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.0119em;top:38.0537em;"><span class="stl_316 stl_08 stl_166">584  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_224 stl_08 stl_76" 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_557 stl_17 stl_518" 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:1391;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0323em;">The majority of Ambu's sales are invoiced in USD, EUR and GB</span><span class="stl_46 stl_12 stl_532">P</span><span class="stl_46 stl_12 stl_15" style="word-spacing:0em;">. </span><span class="stl_46 stl_12 stl_107">T</span><span class="stl_46 stl_12 stl_319" style="word-spacing:-0.0438em;">he majority of Ambus 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_46 stl_12 stl_118" 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_46 stl_12 stl_63" 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_46 stl_12 stl_27" 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_46 stl_12 stl_51" 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_46 stl_12 stl_278" 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_46 stl_12 stl_116" 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_557 stl_17 stl_430" 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_46 stl_12 stl_54" style="word-spacing:-0.0341em;">The following table shows the impact on the Group's net profit and other comprehensive income, 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_46 stl_12 stl_619" style="word-spacing:-0.0353em;">event of a 10% fluctuation in the main currencies, relative to the recognised financial instruments. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5387em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.035em;">fluctuation of 10% constitutes the Management’s assessment of a realistic exchange rate development  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2887em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">within the main currencies. The financial instruments comprised by the sensitivity analysis include trade  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0387em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">receivables, cash, payables, trade payables and intercompany balances. The sensitivity analysis does not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7887em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">take into consideration any translation 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_316 stl_08 stl_77" 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_316 stl_08 stl_183" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2151em;top:23.9899em;"><span class="stl_316 stl_08 stl_113" 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_316 stl_08 stl_113" style="word-spacing:-0.0386em;">in main currencies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.9169em;top:25.1712em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.1563em;top:25.1712em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:25.1712em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:25.1712em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.7299em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">Income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4413em;top:26.7299em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9351em;top:26.7299em;"><span class="stl_46 stl_12 stl_475">-34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9451em;top:26.7299em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6513em;top:26.7299em;"><span class="stl_46 stl_12 stl_278">34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:27.6512em;"><span class="stl_46 stl_12 stl_63" 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_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6926em;top:27.6512em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9444em;top:27.6512em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1963em;top:27.6512em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4319em;top:28.5649em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.8438em;top:28.5649em;"><span class="stl_316 stl_08 stl_349">-34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9357em;top:28.5649em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5744em;top:28.5649em;"><span class="stl_316 stl_08 stl_109">34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5343em;"><span class="stl_557 stl_17 stl_356" 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_46 stl_12 stl_309" style="word-spacing:-0.0362em;">Interest rate swaps have been entered to hedge when the Group has debt to credit institutions, converting  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">floating-rate debt into fixed-rate debt. Management has decided not to apply the rules of 'hedge account-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">ing' on the DKK 250m interest rate swap, and consequently, fair value adjustments are recognised in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0307em;">income statement, i.e., the treatment is the same when the Group has no debt. Please refer to note 4.1 and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0303em;">note 4.2.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7474em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.61em;top:15.7399em;"><span class="stl_316 stl_08 stl_356" 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:15.7399em;"><span class="stl_316 stl_08 stl_61" style="word-spacing:-0.0314em;">Fair value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.6em;top:16.9212em;"><span class="stl_316 stl_08 stl_159" style="word-spacing:1.9996em;">30.09.24 30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5763em;top:16.9212em;"><span class="stl_316 stl_08 stl_159" style="word-spacing:1.9996em;">30.09.24 30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.4724em;"><span class="stl_316 stl_08 stl_458" style="word-spacing:-0.0449em;">Interest rate swaps:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.4012em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">Interest rate swap, DKK 250m,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.1512em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">floating to fixed rate, maturity May 2025  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.3388em;top:20.1512em;"><span class="stl_46 stl_12 stl_283">250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.5907em;top:20.1512em;"><span class="stl_46 stl_12 stl_283">250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:20.1512em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9894em;top:20.1512em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.0649em;"><span class="stl_316 stl_08 stl_54" style="word-spacing:-0.0341em;">Total financial liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2157em;top:21.0649em;"><span class="stl_316 stl_08 stl_231">250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4675em;top:21.0649em;"><span class="stl_316 stl_08 stl_231">250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0125em;top:21.0649em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9019em;top:21.0649em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.2423em;"><span class="stl_557 stl_17 stl_86" 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:30.976em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">To counter any future tax disputes and disagreements with the tax authorities, the Managements makes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.7054em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">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:32.4348em;"><span class="stl_46 stl_12 stl_123" 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:33.1641em;"><span class="stl_46 stl_12 stl_314" 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:10.5343em;"><span class="stl_557 stl_17 stl_465" style="word-spacing:-0.0467em;">Credit risks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_46 stl_12 stl_74" 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:4.7244em;top:12.0387em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0383em;">pattern trends and ordinary follow-up routines to identify any indications that the initial expectations per-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0372em;">taining to credit losses on the individual receivables should be adjusted. This risk assessment is targeted  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">private customers.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">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:4.7244em;top:15.7887em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">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:4.7244em;top:16.5387em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.0411em;">expected credit losses on private customers, the Management estimates general macro risks on the port-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0395em;">folio of trade receivables. The Group does not use factoring in connection with the collection of debts.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;z-index:67;"><span class="stl_224 stl_08 stl_405">4</span><span class="stl_224 stl_08 stl_893">.</span><span class="stl_224 stl_08 stl_221" 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_46 stl_12 stl_13" 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_46 stl_12 stl_95" style="word-spacing:-0.0356em;">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_46 stl_12 stl_485" 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_46 stl_12 stl_315" 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:14.2843em;"><span class="stl_557 stl_17 stl_514" style="word-spacing:-0.0418em;">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_46 stl_12 stl_29" 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_46 stl_12 stl_119" style="word-spacing:-0.0338em;">tionally, the Group is exposed to changing raw materials prices and freight rates. Ambu's Global Procure-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">ment and Global Supply Chain functions, respectively, monitor these risk and work to mitigate them to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">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_46 stl_12 stl_520" 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:19.5343em;"><span class="stl_557 stl_17 stl_522" style="word-spacing:-0.0468em;">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_46 stl_12 stl_13" 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_46 stl_12 stl_117" style="word-spacing:-0.0388em;">is monitored on an on-going basis. Prior years' analyses and on-going 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_46 stl_12 stl_619" style="word-spacing:-0.0351em;">sure, using reckon statistical models, have 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_46 stl_12 stl_80" style="word-spacing:-0.0347em;">flow and financial targets. On this background, the Company continues to rely on natural hedging, given  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">the current mix of transaction in different foreign exchange rates. 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_46 stl_12 stl_51" style="word-spacing:-0.032em;">about foreign currency exposure, as well as the 'Outlook for 2024/25' section in the Management's review  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.7887em;"><span class="stl_46 stl_12 stl_362">section.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2843em;"><span class="stl_557 stl_17 stl_372" style="word-spacing:-0.0458em;">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_46 stl_12 stl_116" style="word-spacing:-0.0369em;">Ambu's policy is to hedge interest rate risk to mitigate fluctuating interest payments. Hedging is done  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.7887em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0363em;">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_46 stl_12 stl_94" style="word-spacing:-0.0377em;">facilities carry floating interest rate. 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_46 stl_12 stl_47">rate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.7887em;"><span class="stl_46 stl_12 stl_61" style="word-spacing:-0.0314em;">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_46 stl_12 stl_307" 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:2156;"><span class="stl_46 stl_12 stl_86" 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:33.7843em;"><span class="stl_557 stl_17 stl_319" style="word-spacing:-0.0438em;">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_46 stl_12 stl_34" 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_46 stl_12 stl_314" style="word-spacing:-0.0336em;">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:4.7244em;top:36.0387em;"><span class="stl_46 stl_12 stl_80" 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:4.7244em;top:36.7887em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0347em;">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:10.4812em;"><span class="stl_557 stl_17 stl_34" 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:11.2356em;"><span class="stl_46 stl_12 stl_61" 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:11.9856em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">facilitates a SCF programme. When participating in this programme, 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:12.7356em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.035em;">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:13.4856em;"><span class="stl_46 stl_12 stl_74" 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:14.2356em;"><span class="stl_46 stl_12 stl_408">re-course.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7356em;"><span class="stl_46 stl_12 stl_56" 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:16.4856em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0345em;">presented as trade payable until paid upon maturity. The trade payables covered by the SCF programme  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2356em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0389em;">arise in the ordinary course of business, from supply of goods and services, and the payment terms of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9856em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0361em;">the suppliers that are participating in the SCF programme are not significantly extended, compared to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.7356em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">trade payables not part of the SCF programme. At the end of 2023/24, trade payables covered by the pro-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4856em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">gramme amounted to DKK 48m (DKK 44m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9812em;"><span class="stl_557 stl_17 stl_430" 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:21.7356em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0327em;">To cover the Group’s liquidity needs, Ambu has committed credit facilities for a total of DKK 1,800m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4856em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">The facilities carry floating interest rates in the range of 0.58-2.98%, depending on the Group’s gearing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2356em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">and ESG performance. To mitigate the interest rate risk, DKK 250m was hedged in May 2022, through an  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9856em;"><span class="stl_46 stl_12 stl_168" style="word-spacing:-0.031em;">interest rate swap, until 2 May 2025, at a fixed interest rate of 1.24%. The credit facilities expires on 28 June  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7356em;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0331em;">2026 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:26.2356em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">The cash resources, that consist of cash at bank including short-term cash deposits, committed and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.9856em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0299em;">uncommited unutilised credit facilities in banks, is of DKK 2.5bn (DKK 2.1bn). Considering committed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7356em;"><span class="stl_46 stl_12 stl_497" style="word-spacing:-0.0317em;">facilities and cash at bank only, the cash resource was DKK 2.4bn (DKK 2.0bn).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2356em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">Cash-pool solutions are applied to some extent, and intercompany loans have been granted by Ambu A/S  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.9856em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">to a few subsidiaries. The liquidity risk is mitigated by a consistent focus on budgeted and realised cash  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.7356em;"><span class="stl_46 stl_12 stl_221">flow.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.2312em;"><span class="stl_557 stl_17 stl_399" style="word-spacing:-0.0445em;">Credit risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.9856em;"><span class="stl_46 stl_12 stl_105" 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:39.4488em;top:33.7356em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">sponds to the carrying amount. For many years, Ambu has not realised any significant losses on receiv-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.4856em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.0329em;">ables. 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:10.4812em;"><span class="stl_557 stl_17 stl_429" style="word-spacing:-0.0501em;">Counterparty risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2356em;"><span class="stl_46 stl_12 stl_320" style="word-spacing:-0.0405em;">Counterparty risk for cash and financial instruments is mitigated by Ambu setting cash limits for each  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9856em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0399em;">institution, based on their respective credit rating.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4812em;"><span class="stl_557 stl_17 stl_514" style="word-spacing:-0.0419em;">Capital management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2356em;"><span class="stl_46 stl_12 stl_122" 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:14.9856em;"><span class="stl_46 stl_12 stl_619" 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:16.4856em;"><span class="stl_46 stl_12 stl_619" 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:17.2356em;"><span class="stl_46 stl_12 stl_361" 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:18.7356em;"><span class="stl_46 stl_12 stl_113" 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:19.4856em;"><span class="stl_46 stl_12 stl_76" 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:20.2356em;"><span class="stl_46 stl_12 stl_76" 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_557 stl_17 stl_518" 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:1391;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0323em;">The majority of Ambu's sales are invoiced in USD, EUR and GB</span><span class="stl_46 stl_12 stl_532">P</span><span class="stl_46 stl_12 stl_15" style="word-spacing:0em;">. </span><span class="stl_46 stl_12 stl_107">T</span><span class="stl_46 stl_12 stl_319" style="word-spacing:-0.0438em;">he majority of Ambus 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_46 stl_12 stl_118" 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_46 stl_12 stl_63" 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_46 stl_12 stl_27" 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_46 stl_12 stl_51" 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_46 stl_12 stl_278" 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_46 stl_12 stl_116" 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_557 stl_17 stl_430" 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_46 stl_12 stl_54" style="word-spacing:-0.0341em;">The following table shows the impact on the Group's net profit and other comprehensive income, 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_46 stl_12 stl_619" style="word-spacing:-0.0353em;">event of a 10% fluctuation in the main currencies, relative to the recognised financial instruments. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5387em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.035em;">fluctuation of 10% constitutes the Management’s assessment of a realistic exchange rate development  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2887em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">within the main currencies. The financial instruments comprised by the sensitivity analysis include trade  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0387em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">receivables, cash, payables, trade payables and intercompany balances. The sensitivity analysis does not  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7887em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">take into consideration any translation 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_316 stl_08 stl_77" 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_316 stl_08 stl_183" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:55.2151em;top:23.9899em;"><span class="stl_316 stl_08 stl_113" 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_316 stl_08 stl_113" style="word-spacing:-0.0386em;">in main currencies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.9169em;top:25.1712em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.1563em;top:25.1712em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:25.1712em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:25.1712em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.7299em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">Income statement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4413em;top:26.7299em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.9351em;top:26.7299em;"><span class="stl_46 stl_12 stl_475">-34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9451em;top:26.7299em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6513em;top:26.7299em;"><span class="stl_46 stl_12 stl_278">34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:27.6512em;"><span class="stl_46 stl_12 stl_63" 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_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6926em;top:27.6512em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9444em;top:27.6512em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1963em;top:27.6512em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4319em;top:28.5649em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.8438em;top:28.5649em;"><span class="stl_316 stl_08 stl_349">-34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9357em;top:28.5649em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5744em;top:28.5649em;"><span class="stl_316 stl_08 stl_109">34  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9875em;top:10.0175em;"><span class="stl_316 stl_08 stl_94">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.5682em;top:10.7675em;"><span class="stl_316 stl_08 stl_28">technologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.2613em;top:10.7675em;"><span class="stl_316 stl_08 stl_497">Development  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.2163em;top:11.5175em;"><span class="stl_316 stl_08 stl_465">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3319em;top:11.5175em;"><span class="stl_316 stl_08 stl_321">Completed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.5775em;top:11.5175em;"><span class="stl_316 stl_08 stl_472" style="word-spacing:-0.0476em;">projects and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9819em;top:12.2675em;"><span class="stl_316 stl_08 stl_107" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.649em;top:12.2675em;"><span class="stl_316 stl_08 stl_497">development  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0425em;top:12.2675em;"><span class="stl_316 stl_08 stl_291" style="word-spacing:-0.0324em;">Other, incl.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.6588em;top:12.2675em;"><span class="stl_316 stl_08 stl_547" style="word-spacing:-0.0509em;">other assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.025em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0775em;top:13.0175em;"><span class="stl_316 stl_08 stl_453">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2382em;top:13.0175em;"><span class="stl_316 stl_08 stl_255">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0025em;top:13.0175em;"><span class="stl_316 stl_08 stl_707" style="word-spacing:-0.0577em;">IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.9457em;top:13.0175em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6975em;top:13.0175em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:14.545em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.4269em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7669em;top:15.4269em;"><span class="stl_46 stl_12 stl_266">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2282em;top:15.4269em;"><span class="stl_46 stl_12 stl_53">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4682em;top:15.4269em;"><span class="stl_46 stl_12 stl_110">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.3788em;top:15.4269em;"><span class="stl_46 stl_12 stl_627">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6869em;top:15.4269em;"><span class="stl_46 stl_12 stl_770">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.3012em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2825em;top:16.3012em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.4694em;top:16.3012em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3625em;top:16.3012em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.9919em;top:16.3012em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6525em;top:16.3012em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.1756em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6775em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6382em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3625em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.4319em;top:17.1756em;"><span class="stl_46 stl_12 stl_364">201  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.1563em;top:17.1756em;"><span class="stl_46 stl_12 stl_364">201  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.05em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6769em;top:18.05em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7563em;top:18.05em;"><span class="stl_46 stl_12 stl_859">269  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8269em;top:18.05em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2369em;top:18.05em;"><span class="stl_46 stl_12 stl_53">-294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.0469em;top:18.05em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.9169em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.645em;top:18.9169em;"><span class="stl_316 stl_08 stl_166">923  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0763em;top:18.9169em;"><span class="stl_316 stl_08 stl_376">1,762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3344em;top:18.9169em;"><span class="stl_316 stl_08 stl_102">282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2888em;top:18.9169em;"><span class="stl_316 stl_08 stl_55">350  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4519em;top:18.9169em;"><span class="stl_316 stl_08 stl_334">3,317  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:20.2631em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0405em;">Amortisation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.58em;top:20.2631em;"><span class="stl_46 stl_12 stl_258">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.4838em;top:20.2631em;"><span class="stl_46 stl_12 stl_899">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3138em;top:20.2631em;"><span class="stl_46 stl_12 stl_760">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3219em;top:20.2631em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.5182em;top:20.2631em;"><span class="stl_46 stl_12 stl_900">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:21.1375em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.5069em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.0006em;top:21.1375em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.8769em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:22.0119em;"><span class="stl_46 stl_12 stl_619" 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:26.5738em;top:22.0119em;"><span class="stl_46 stl_12 stl_243">-206  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6175em;top:22.0119em;"><span class="stl_46 stl_12 stl_354">-121  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3607em;top:22.0119em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:22.0119em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9432em;top:22.0119em;"><span class="stl_46 stl_12 stl_89">-327  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:22.8862em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9563em;top:22.8862em;"><span class="stl_46 stl_12 stl_370">-</span><span class="stl_46 stl_12 stl_397">6</span><span class="stl_46 stl_12 stl_397">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6075em;top:22.8862em;"><span class="stl_46 stl_12 stl_781">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6313em;top:22.8862em;"><span class="stl_46 stl_12 stl_385">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:22.8862em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9913em;top:22.8862em;"><span class="stl_46 stl_12 stl_624">-215  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:23.7531em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0419em;">Amortisation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4375em;top:23.7531em;"><span class="stl_316 stl_08 stl_246">-547  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3957em;top:23.7531em;"><span class="stl_316 stl_08 stl_169">-857  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1607em;top:23.7531em;"><span class="stl_316 stl_08 stl_284">-210  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3125em;top:23.7531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3313em;top:23.7531em;"><span class="stl_316 stl_08 stl_172">-1,614  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:24.6275em;"><span class="stl_316 stl_08 stl_318" style="word-spacing:-0.0422em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6938em;top:24.6275em;"><span class="stl_316 stl_08 stl_366">376  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6007em;top:24.6275em;"><span class="stl_316 stl_08 stl_109">905  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.7507em;top:24.6275em;"><span class="stl_316 stl_08 stl_57">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2882em;top:24.6275em;"><span class="stl_316 stl_08 stl_55">350  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4532em;top:24.6275em;"><span class="stl_316 stl_08 stl_901">1,703  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:26.3756em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:27.2575em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7625em;top:27.2575em;"><span class="stl_46 stl_12 stl_166">944  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2125em;top:27.2575em;"><span class="stl_46 stl_12 stl_526">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4907em;top:27.2575em;"><span class="stl_46 stl_12 stl_339">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.3913em;top:27.2575em;"><span class="stl_46 stl_12 stl_349">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.5813em;top:27.2575em;"><span class="stl_46 stl_12 stl_310">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:28.1318em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.005em;top:28.1318em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3607em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.375em;top:28.1318em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:29.0062em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6757em;top:29.0062em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:29.0062em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8563em;top:29.0062em;"><span class="stl_46 stl_12 stl_138">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.4388em;top:29.0062em;"><span class="stl_46 stl_12 stl_352">242  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.1363em;top:29.0062em;"><span class="stl_46 stl_12 stl_251">255  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:29.8806em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6757em;top:29.8806em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.305em;top:29.8806em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.0007em;top:29.8806em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:29.8806em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6644em;top:29.8806em;"><span class="stl_46 stl_12 stl_107">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:30.755em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.675em;top:30.755em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7244em;top:30.755em;"><span class="stl_46 stl_12 stl_169">233  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8113em;top:30.755em;"><span class="stl_46 stl_12 stl_405">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2463em;top:30.755em;"><span class="stl_46 stl_12 stl_437">-281  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.045em;top:30.755em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:31.6218em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6463em;top:31.6218em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0194em;top:31.6218em;"><span class="stl_316 stl_08 stl_15">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3513em;top:31.6218em;"><span class="stl_316 stl_08 stl_49">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2657em;top:31.6218em;"><span class="stl_316 stl_08 stl_323">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4844em;top:31.6218em;"><span class="stl_316 stl_08 stl_902">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:32.9681em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0405em;">Amortisation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6175em;top:32.9681em;"><span class="stl_46 stl_12 stl_904">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5213em;top:32.9681em;"><span class="stl_46 stl_12 stl_169">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3325em;top:32.9681em;"><span class="stl_46 stl_12 stl_786">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:32.9681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9069em;top:32.9681em;"><span class="stl_46 stl_12 stl_362">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:33.8425em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1738em;top:33.8425em;"><span class="stl_46 stl_12 stl_71">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6357em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.36em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3207em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5438em;top:33.8425em;"><span class="stl_46 stl_12 stl_71">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:34.7168em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6744em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.4663em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.1907em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.8757em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:35.5912em;"><span class="stl_46 stl_12 stl_619" 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:27.6744em;top:35.5912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.275em;top:35.5912em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6932em;top:35.5912em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:35.5912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3725em;top:35.5912em;"><span class="stl_46 stl_12 stl_138">-18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:36.4656em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9288em;top:36.4656em;"><span class="stl_46 stl_12 stl_156">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6013em;top:36.4656em;"><span class="stl_46 stl_12 stl_907">-107  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6025em;top:36.4656em;"><span class="stl_46 stl_12 stl_337">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3194em;top:36.4656em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.99em;top:36.4656em;"><span class="stl_46 stl_12 stl_908">-184  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:37.3325em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0419em;">Amortisation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4394em;top:37.3325em;"><span class="stl_316 stl_08 stl_62">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3607em;top:37.3325em;"><span class="stl_316 stl_08 stl_112">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1888em;top:37.3325em;"><span class="stl_316 stl_08 stl_906">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3107em;top:37.3325em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3082em;top:37.3325em;"><span class="stl_316 stl_08 stl_909">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:38.2068em;"><span class="stl_316 stl_08 stl_318" style="word-spacing:-0.0422em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6225em;top:38.2068em;"><span class="stl_316 stl_08 stl_112">643  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6025em;top:38.2068em;"><span class="stl_316 stl_08 stl_156">888  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.7519em;top:38.2068em;"><span class="stl_316 stl_08 stl_301">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2644em;top:38.2068em;"><span class="stl_316 stl_08 stl_323">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3788em;top:38.2068em;"><span class="stl_316 stl_08 stl_59">2,046  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.6719em;top:10.4899em;"><span class="stl_316 stl_08 stl_278">Cholangio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.32em;top:10.4899em;"><span class="stl_316 stl_08 stl_116">Colon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.52em;top:10.4899em;"><span class="stl_316 stl_08 stl_558">Duodeno  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.5469em;top:10.4899em;"><span class="stl_316 stl_08 stl_577">Gastro  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0412em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Carrying amount, tested technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1894em;top:12.9699em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0557em;top:12.9699em;"><span class="stl_46 stl_12 stl_166">254  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3813em;top:12.9699em;"><span class="stl_46 stl_12 stl_138">416  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.575em;top:12.9699em;"><span class="stl_46 stl_12 stl_385">227  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8912em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0156em;">Impairment loss (-) / headroom (+)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.9982em;top:13.8912em;"><span class="stl_46 stl_12 stl_334">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9363em;top:13.8912em;"><span class="stl_46 stl_12 stl_343">-162  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.19em;top:13.8912em;"><span class="stl_46 stl_12 stl_666">-139  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.965em;top:13.8912em;"><span class="stl_46 stl_12 stl_541">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.8124em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7163em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4257em;top:14.8124em;"><span class="stl_46 stl_12 stl_171">92  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3257em;top:14.8124em;"><span class="stl_46 stl_12 stl_329">277  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5744em;top:14.8124em;"><span class="stl_46 stl_12 stl_385">227  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.2381em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">Budget period  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:17.1668em;"><span class="stl_46 stl_12 stl_217" style="word-spacing:-0.0195em;">Revenue (CAGR)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9163em;top:17.1668em;"><span class="stl_46 stl_12 stl_365">19%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2257em;top:17.1668em;"><span class="stl_46 stl_12 stl_912">61%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4063em;top:17.1668em;"><span class="stl_46 stl_12 stl_335">27%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.0881em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8875em;top:18.0881em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1544em;top:18.0881em;"><span class="stl_46 stl_12 stl_327">25%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3913em;top:18.0881em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:19.0093em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4713em;top:19.0093em;"><span class="stl_46 stl_12 stl_911">14.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6875em;top:19.0093em;"><span class="stl_46 stl_12 stl_10">11.5%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9394em;top:19.0093em;"><span class="stl_46 stl_12 stl_10">11.5%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:20.4349em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0391em;">Sensitivity analysis – impacted headroom</span><sup style="top: -0.2077em;"><span class="stl_755 stl_08 stl_845" style="word-spacing:-0.0671em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3642em;"><span class="stl_46 stl_12 stl_191">Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.5857em;top:21.3642em;"><span class="stl_46 stl_12 stl_323">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.555em;top:21.3642em;"><span class="stl_46 stl_12 stl_360">-14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8075em;top:21.3642em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:22.2854em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2507em;top:22.2854em;"><span class="stl_46 stl_12 stl_334">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4663em;top:22.2854em;"><span class="stl_46 stl_12 stl_105">-56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7025em;top:22.2854em;"><span class="stl_46 stl_12 stl_608">-80  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:23.2067em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6219em;top:23.2067em;"><span class="stl_46 stl_12 stl_366">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5507em;top:23.2067em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8075em;top:23.2067em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:25.0417em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:25.9704em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Carrying amount, tested technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.19em;top:25.9704em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1082em;top:25.9704em;"><span class="stl_46 stl_12 stl_279">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3263em;top:25.9704em;"><span class="stl_46 stl_12 stl_79">425  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5763em;top:25.9704em;"><span class="stl_46 stl_12 stl_240">232  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:26.8917em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0156em;">Impairment loss (-) / headroom (+)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0907em;top:26.8917em;"><span class="stl_46 stl_12 stl_336">135  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4038em;top:26.8917em;"><span class="stl_46 stl_12 stl_397">116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5544em;top:26.8917em;"><span class="stl_46 stl_12 stl_118">330  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:27.8129em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Carrying amount, 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.19em;top:27.8129em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1082em;top:27.8129em;"><span class="stl_46 stl_12 stl_279">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3263em;top:27.8129em;"><span class="stl_46 stl_12 stl_79">425  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5763em;top:27.8129em;"><span class="stl_46 stl_12 stl_240">232  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:29.2385em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">Budget period  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:30.1673em;"><span class="stl_46 stl_12 stl_217" style="word-spacing:-0.0195em;">Revenue (CAGR)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9157em;top:30.1673em;"><span class="stl_46 stl_12 stl_533">47%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1438em;top:30.1673em;"><span class="stl_46 stl_12 stl_212">62%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4075em;top:30.1673em;"><span class="stl_46 stl_12 stl_335">27%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:31.0885em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8888em;top:31.0885em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1557em;top:31.0885em;"><span class="stl_46 stl_12 stl_327">25%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3925em;top:31.0885em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.0098em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.3975em;top:32.0098em;"><span class="stl_46 stl_12 stl_334">15.4%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6419em;top:32.0098em;"><span class="stl_46 stl_12 stl_618">12.8%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8938em;top:32.0098em;"><span class="stl_46 stl_12 stl_618">12.8%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.4354em;"><span class="stl_316 stl_08 stl_59" style="word-spacing:-0.039em;">Sensitivity analysis – impacted headroom</span><sup style="top: -0.2074em;"><span class="stl_755 stl_08 stl_913" style="word-spacing:-0.0669em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.3649em;"><span class="stl_46 stl_12 stl_191">Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2394em;top:34.3649em;"><span class="stl_46 stl_12 stl_385">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4919em;top:34.3649em;"><span class="stl_46 stl_12 stl_240">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7169em;top:34.3649em;"><span class="stl_46 stl_12 stl_337">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2862em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0094em;top:35.2862em;"><span class="stl_46 stl_12 stl_621">-111  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2407em;top:35.2862em;"><span class="stl_46 stl_12 stl_914">-116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4319em;top:35.2862em;"><span class="stl_46 stl_12 stl_540">-150  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.2074em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2494em;top:36.2074em;"><span class="stl_46 stl_12 stl_200">-27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.49em;top:36.2074em;"><span class="stl_46 stl_12 stl_257">-31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7163em;top:36.2074em;"><span class="stl_46 stl_12 stl_64">-33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.838em;"><span class="stl_915 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:37.7995em;"><span class="stl_210 stl_12 stl_676" style="word-spacing:-0.0516em;">Sensitivity for revenue and royalty rate is based on a 5 percentage points decrease, and pre-tax discount rate is based on a 1 per-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:38.5495em;"><span class="stl_210 stl_12 stl_421" style="word-spacing:-0.0504em;">centage point increase  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.0025em;top:10.4899em;"><span class="stl_316 stl_08 stl_518" style="word-spacing:1.127em;">Other Property,</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:40.877em;top:10.4899em;"><span class="stl_316 stl_08 stl_278">plant  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.5132em;top:11.2399em;"><span class="stl_316 stl_08 stl_399" style="word-spacing:-0.0444em;">Land and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1294em;top:11.2399em;"><span class="stl_316 stl_08 stl_47" style="word-spacing:-0.0343em;">Plant and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.019em;top:11.2399em;"><span class="stl_316 stl_08 stl_711" style="word-spacing:-0.0531em;">fixtures and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.708em;top:11.2399em;"><span class="stl_316 stl_08 stl_13" style="word-spacing:-0.0372em;">and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.4025em;top:11.9899em;"><span class="stl_316 stl_08 stl_29">buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.77em;top:11.9899em;"><span class="stl_316 stl_08 stl_471">machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3882em;top:11.9899em;"><span class="stl_316 stl_08 stl_116">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.9457em;top:11.9899em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6975em;top:11.9899em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:13.5174em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:14.3993em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3175em;top:14.3993em;"><span class="stl_46 stl_12 stl_334">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0307em;top:14.3993em;"><span class="stl_46 stl_12 stl_257">537  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.7457em;top:14.3993em;"><span class="stl_46 stl_12 stl_251">285  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7957em;top:14.3993em;"><span class="stl_46 stl_12 stl_200">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.7019em;top:14.3993em;"><span class="stl_46 stl_12 stl_860">1,188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.2737em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0369em;top:15.2737em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7613em;top:15.2737em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9875em;top:15.2737em;"><span class="stl_46 stl_12 stl_898">-13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.9925em;top:15.2737em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6507em;top:15.2737em;"><span class="stl_46 stl_12 stl_371">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.148em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2057em;top:16.148em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7613em;top:16.148em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6544em;top:16.148em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7788em;top:16.148em;"><span class="stl_46 stl_12 stl_278">86  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5em;top:16.148em;"><span class="stl_46 stl_12 stl_518">88  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.0224em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.845em;top:17.0224em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2007em;top:17.0224em;"><span class="stl_46 stl_12 stl_240">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9282em;top:17.0224em;"><span class="stl_46 stl_12 stl_329">-20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3238em;top:17.0224em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3338em;top:17.0224em;"><span class="stl_46 stl_12 stl_365">-51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.8968em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0363em;top:17.8968em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3851em;top:17.8968em;"><span class="stl_46 stl_12 stl_54">68  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1494em;top:17.8968em;"><span class="stl_46 stl_12 stl_138">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.5657em;top:17.8968em;"><span class="stl_46 stl_12 stl_458">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.0482em;top:17.8968em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7637em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1857em;top:18.7637em;"><span class="stl_316 stl_08 stl_73">291  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8963em;top:18.7637em;"><span class="stl_316 stl_08 stl_55">583  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6225em;top:18.7637em;"><span class="stl_316 stl_08 stl_166">265  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7057em;top:18.7637em;"><span class="stl_316 stl_08 stl_102">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4332em;top:18.7637em;"><span class="stl_316 stl_08 stl_385">1,221  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.1099em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">Depreciation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2275em;top:20.1099em;"><span class="stl_46 stl_12 stl_916">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8025em;top:20.1099em;"><span class="stl_46 stl_12 stl_54">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.625em;top:20.1099em;"><span class="stl_46 stl_12 stl_781">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3232em;top:20.1099em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.8944em;top:20.1099em;"><span class="stl_46 stl_12 stl_899">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.9843em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2044em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5688em;top:20.9843em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4844em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3225em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.8782em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.8587em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0357em;top:21.8587em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3932em;top:21.8587em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1444em;top:21.8587em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3225em;top:21.8587em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.4913em;top:21.8587em;"><span class="stl_46 stl_12 stl_637">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.733em;"><span class="stl_46 stl_12 stl_619" 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:27.2044em;top:22.733em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5451em;top:22.733em;"><span class="stl_46 stl_12 stl_323">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3219em;top:22.733em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3226em;top:22.733em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6519em;top:22.733em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.6074em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8069em;top:23.6074em;"><span class="stl_46 stl_12 stl_371">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1444em;top:23.6074em;"><span class="stl_46 stl_12 stl_917">-43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9332em;top:23.6074em;"><span class="stl_46 stl_12 stl_200">-28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3225em;top:23.6074em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3457em;top:23.6074em;"><span class="stl_46 stl_12 stl_339">-75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:24.4743em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0391em;">Depreciation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0844em;top:24.4743em;"><span class="stl_316 stl_08 stl_918">-114  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.685em;top:24.4743em;"><span class="stl_316 stl_08 stl_188">-387  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4813em;top:24.4743em;"><span class="stl_316 stl_08 stl_355">-138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3144em;top:24.4743em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.7813em;top:24.4743em;"><span class="stl_316 stl_08 stl_465">-639  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:25.3487em;"><span class="stl_316 stl_08 stl_476" style="word-spacing:-0.0432em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.23em;top:25.3487em;"><span class="stl_316 stl_08 stl_172">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9425em;top:25.3487em;"><span class="stl_316 stl_08 stl_857">196  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6669em;top:25.3487em;"><span class="stl_316 stl_08 stl_857">127  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.705em;top:25.3487em;"><span class="stl_316 stl_08 stl_102">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.0207em;top:25.3487em;"><span class="stl_316 stl_08 stl_212">582  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.0968em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.9787em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3044em;top:27.9787em;"><span class="stl_46 stl_12 stl_100">301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0107em;top:27.9787em;"><span class="stl_46 stl_12 stl_109">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.745em;top:27.9787em;"><span class="stl_46 stl_12 stl_241">222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.4419em;top:27.9787em;"><span class="stl_46 stl_12 stl_101">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6763em;top:27.9787em;"><span class="stl_46 stl_12 stl_804">1,217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:28.853em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4769em;top:28.853em;"><span class="stl_46 stl_12 stl_79">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1488em;top:28.853em;"><span class="stl_46 stl_12 stl_919">-46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.0069em;top:28.853em;"><span class="stl_46 stl_12 stl_326">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.9407em;top:28.853em;"><span class="stl_46 stl_12 stl_107">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.2744em;top:28.853em;"><span class="stl_46 stl_12 stl_845">-83  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:29.7274em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2032em;top:29.7274em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7588em;top:29.7274em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4832em;top:29.7274em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7769em;top:29.7274em;"><span class="stl_46 stl_12 stl_54">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.53em;top:29.7274em;"><span class="stl_46 stl_12 stl_540">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:30.6018em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2025em;top:30.6018em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5363em;top:30.6018em;"><span class="stl_46 stl_12 stl_328">-8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.2863em;top:30.6018em;"><span class="stl_46 stl_12 stl_15">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3207em;top:30.6018em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3882em;top:30.6018em;"><span class="stl_46 stl_12 stl_921">-17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:31.4762em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0338em;top:31.4762em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.4007em;top:31.4762em;"><span class="stl_46 stl_12 stl_431">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1494em;top:31.4762em;"><span class="stl_46 stl_12 stl_360">76  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2769em;top:31.4762em;"><span class="stl_46 stl_12 stl_920">-134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.045em;top:31.4762em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:32.343em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1875em;top:32.343em;"><span class="stl_316 stl_08 stl_327">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9069em;top:32.343em;"><span class="stl_316 stl_08 stl_73">537  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6188em;top:32.343em;"><span class="stl_316 stl_08 stl_156">285  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7088em;top:32.343em;"><span class="stl_316 stl_08 stl_240">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.51em;top:32.343em;"><span class="stl_316 stl_08 stl_922">1,188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:33.6893em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">Depreciation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.145em;top:33.6893em;"><span class="stl_46 stl_12 stl_923">-108  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7988em;top:33.6893em;"><span class="stl_46 stl_12 stl_54">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6794em;top:33.6893em;"><span class="stl_46 stl_12 stl_924">-117  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:33.6893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9107em;top:33.6893em;"><span class="stl_46 stl_12 stl_320">-585  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:34.5637em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0332em;top:34.5637em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3826em;top:34.5637em;"><span class="stl_46 stl_12 stl_51">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4819em;top:34.5637em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:34.5637em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.4888em;top:34.5637em;"><span class="stl_46 stl_12 stl_637">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:35.438em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2019em;top:35.438em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7576em;top:35.438em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4819em;top:35.438em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:35.438em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5363em;top:35.438em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:36.3124em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.5563em;top:36.3124em;"><span class="stl_46 stl_12 stl_326">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1901em;top:36.3124em;"><span class="stl_46 stl_12 stl_262">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9219em;top:36.3124em;"><span class="stl_46 stl_12 stl_240">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:36.3124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3307em;top:36.3124em;"><span class="stl_46 stl_12 stl_78">-77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:37.1793em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0391em;">Depreciation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0813em;top:37.1793em;"><span class="stl_316 stl_08 stl_918">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6688em;top:37.1793em;"><span class="stl_316 stl_08 stl_29">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4813em;top:37.1793em;"><span class="stl_316 stl_08 stl_602">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3107em;top:37.1793em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.7701em;top:37.1793em;"><span class="stl_316 stl_08 stl_112">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7201em;top:38.0537em;"><span class="stl_316 stl_08 stl_476" style="word-spacing:-0.0432em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2376em;top:38.0537em;"><span class="stl_316 stl_08 stl_369">175  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9507em;top:38.0537em;"><span class="stl_316 stl_08 stl_172">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6457em;top:38.0537em;"><span class="stl_316 stl_08 stl_359">153  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7076em;top:38.0537em;"><span class="stl_316 stl_08 stl_240">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.0119em;top:38.0537em;"><span class="stl_316 stl_08 stl_166">584  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.8737em;"><span class="stl_316 stl_08 stl_619" 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:32.6312em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">For a description of accounting policies, please refer to notes 3.1, 3.2 and 3.3.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:10.478em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.2355em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.9855em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">ble net assets of the acquired company. Subsequently, goodwill is measured at cost, less accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:12.7355em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">impairment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.2355em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to bene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.9855em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0307em;">fit from the business combination; however, not to a level lower than the segment level and the level on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:15.7355em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">which goodwill is monitored, as part of the internal financial management. The Management has identi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.4855em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">fied 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:39.4482em;top:17.9855em;"><span class="stl_46 stl_12 stl_123" 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:39.4482em;top:18.7355em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:39.4482em;top:19.4855em;"><span class="stl_46 stl_12 stl_485" 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:39.4482em;top:20.2355em;"><span class="stl_46 stl_12 stl_278" 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:39.4482em;top:20.9855em;"><span class="stl_46 stl_12 stl_309" 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:39.4482em;top:22.4855em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">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:39.4482em;top:23.2355em;"><span class="stl_46 stl_12 stl_56" 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:39.4482em;top:23.9855em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">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:39.4482em;top:24.7355em;"><span class="stl_46 stl_12 stl_28" 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:51.0188em;top:9.965em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:10.7225em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Acquired technologies, trademarks and customer relations, pri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:11.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">marily comprising identified technologies, are recognised at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.2225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">value on the time of acquisition in connection with a business com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.9725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">bination. Any other intangible asset is recognised at cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:14.4725em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">Development and IT projects are recognised as intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.2225em;"><span class="stl_46 stl_12 stl_453" style="word-spacing:-0.0425em;">if they meet certain criteria. These projects must be clearly defined  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.9725em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">and identifiable, with proven technical feasibility and sufficient  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:16.7225em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">resources available for completion. Additionally, there should be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:17.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">a potential market or scope for the project, and the Group must  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.2225em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0403em;">intend to produce, market or use the project. The directly attrib-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.9725em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">utable cost should be reliably measurable, and there must be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:19.7225em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0361em;">certainty that future earnings or the net selling price will cover all  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:20.4725em;"><span class="stl_46 stl_12 stl_112">costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:21.965em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0418em;">Useful lifetime and residual value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:22.7225em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">Intangible assets, excl. goodwill, are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:23.4725em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">straight-line method over the expected useful lifetime of the indi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.2225em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0383em;">vidual asset. The residual value for all intangible assets is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.9725em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0367em;">as zero. The amortisation of the intangible asset commences upon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:25.7225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">completion of the project or when the asset is ready for use. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:26.4725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">basis of amortisation is reduced by impairment losses, if any. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.2225em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">useful life of the asset may subsequently be changed if the original  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.9725em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">assumptions, on which the useful life and any residual value are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:28.7225em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0322em;">based, have changed significantly.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:30.2225em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">The expected useful lifetime of intangible assets are as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:31.7225em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Acquired technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8769em;top:31.7225em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_187" style="word-spacing:-0.0152em;">15 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:32.4725em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8713em;top:32.4725em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_280" style="word-spacing:-0.0188em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.2225em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Distribution rights, patents and licenses etc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8213em;top:33.2225em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0311em;">5-20 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.9725em;"><span class="stl_46 stl_12 stl_676" style="word-spacing:-0.0528em;">IT software projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.1682em;top:33.9725em;"><span class="stl_46 stl_12 stl_351" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5312em;"><span class="stl_316 stl_08 stl_619" 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:11.2843em;"><span class="stl_557 stl_17 stl_475" style="word-spacing:-0.0431em;">Impairment testing other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0384em;"><span class="stl_910 stl_12 stl_124" style="word-spacing:-0.0404em;">At each reporting date, the Management performs an assessment of whether internal or external indications  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7676em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0387em;">of impairment of the identified intangible assets exist. If there is any indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4968em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">test is carried out. If an indication of impairment exists, the recoverable amount of the asset is determined, i.e.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.226em;"><span class="stl_910 stl_12 stl_517" style="word-spacing:-0.0416em;">the higher of the fair value of the asset less anticipated costs of disposal and its value-in-use.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.4277em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">Development projects in progress, either acquired or internally generated, are tested for impairment mini-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.157em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.038em;">mum on an annual basis and if any indication of impairment. For completed development projects, it is con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.8862em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.039em;">tinuously assessed whether there is any indication of impairment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0879em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0395em;">Impairment tests is either carried out by calculating the value in use, by use of discounted cashflow model,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8171em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.0389em;">or by calculating the fair value, depending on the type of intangible asset. If the initial impairment test shows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5463em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0389em;">a calculated amount lower than the carrying value of the asset, both fair value and value in use is calculated,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2756em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.0381em;">and an impairment loss is recognised at the higher amount of either fair value or value in use, if both calcu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0048em;"><span class="stl_910 stl_12 stl_105" style="word-spacing:-0.04em;">lated values are below the carrying amount of the asset. The impairment assessment, and possible following  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.734em;"><span class="stl_910 stl_12 stl_114" style="word-spacing:-0.0412em;">impairment test, is carried out per individual asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:10.4781em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.2356em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0333em;">Land and buildings, plant and machinery, as well as other plant, fix-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.9856em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">tures and fittings, tools and equipment are measured at cost, less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:12.7356em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">accumulated depreciation and impairment losses. Cost comprises  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:13.4856em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0394em;">the acquisition price and any costs directly attributable to the acqui-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.2356em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">sition until the date when the asset is ready for use. The cost of a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">total asset is divided into separate elements which are depreciated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:15.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">individually when the useful lives of the individual elements differ.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">The basis of depreciation is calculated in consideration of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.9856em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">residual value of the asset and is reduced by impairment losses,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:18.7356em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">if any. The residual value is fixed at the date of acquisition and is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:19.4856em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">subject to annual review. When the residual value exceeds the car-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.2356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">rying amount of the asset, depreciation will no longer take place. In  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">connection with changes in the depreciation period or the residual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:21.7356em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">value, the effect of depreciation is recognised in the future as a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:22.4856em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">change in the accounting estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:23.9856em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0397em;">The carrying amount of property, plant and equipment is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:24.7356em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">on an annual basis to establish whether there is any indication of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:25.4856em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">impairment. When such indication exists, an impairment test is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.2356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">performed. An impairment loss is recognised when the carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.9856em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">amount of an asset exceeds the recoverable amount of the asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:28.4856em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Property, plant and equipment are depreciated according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.2356em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0389em;">straight-line method over the expected useful lives of the assets/  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.9856em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">components as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:31.4856em;"><span class="stl_46 stl_12 stl_51">Buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.9361em;top:31.4856em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">10-40 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.2356em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Building installations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.9405em;top:32.2356em;"><span class="stl_46 stl_12 stl_231" style="word-spacing:-0.018em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.9856em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4268em;top:32.9856em;"><span class="stl_46 stl_12 stl_388" style="word-spacing:0.0086em;">2-10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:33.7356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">Other fixtures and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.6849em;top:33.7356em;"><span class="stl_46 stl_12 stl_351" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:35.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">Land is not depreciated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:36.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">Depreciation is recognised in the income statement under produc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:37.4856em;"><span class="stl_46 stl_12 stl_189" style="word-spacing:-0.041em;">tion costs, selling and distribution costs, development costs or man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:38.2356em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0343em;">agement 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:31.8737em;"><span class="stl_316 stl_08 stl_619" 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:32.6312em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0286em;">For a description of accounting policies, please refer to notes 3.1, 3.2 and 3.3.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:10.478em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.2355em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.9855em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">ble net assets of the acquired company. Subsequently, goodwill is measured at cost, less accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:12.7355em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">impairment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.2355em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to bene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.9855em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0307em;">fit from the business combination; however, not to a level lower than the segment level and the level on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:15.7355em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">which goodwill is monitored, as part of the internal financial management. The Management has identi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.4855em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">fied 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:39.4482em;top:17.9855em;"><span class="stl_46 stl_12 stl_123" 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:39.4482em;top:18.7355em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:39.4482em;top:19.4855em;"><span class="stl_46 stl_12 stl_485" 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:39.4482em;top:20.2355em;"><span class="stl_46 stl_12 stl_278" 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:39.4482em;top:20.9855em;"><span class="stl_46 stl_12 stl_309" 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:39.4482em;top:22.4855em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">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:39.4482em;top:23.2355em;"><span class="stl_46 stl_12 stl_56" 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:39.4482em;top:23.9855em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">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:39.4482em;top:24.7355em;"><span class="stl_46 stl_12 stl_28" 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:51.0188em;top:9.965em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:10.7225em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Acquired technologies, trademarks and customer relations, pri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:11.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">marily comprising identified technologies, are recognised at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.2225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">value on the time of acquisition in connection with a business com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.9725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">bination. Any other intangible asset is recognised at cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:14.4725em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">Development and IT projects are recognised as intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.2225em;"><span class="stl_46 stl_12 stl_453" style="word-spacing:-0.0425em;">if they meet certain criteria. These projects must be clearly defined  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.9725em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">and identifiable, with proven technical feasibility and sufficient  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:16.7225em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">resources available for completion. Additionally, there should be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:17.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">a potential market or scope for the project, and the Group must  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.2225em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0403em;">intend to produce, market or use the project. The directly attrib-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.9725em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">utable cost should be reliably measurable, and there must be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:19.7225em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0361em;">certainty that future earnings or the net selling price will cover all  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:20.4725em;"><span class="stl_46 stl_12 stl_112">costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:21.965em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0418em;">Useful lifetime and residual value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:22.7225em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">Intangible assets, excl. goodwill, are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:23.4725em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">straight-line method over the expected useful lifetime of the indi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.2225em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0383em;">vidual asset. The residual value for all intangible assets is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.9725em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0367em;">as zero. The amortisation of the intangible asset commences upon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:25.7225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">completion of the project or when the asset is ready for use. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:26.4725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">basis of amortisation is reduced by impairment losses, if any. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.2225em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">useful life of the asset may subsequently be changed if the original  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.9725em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">assumptions, on which the useful life and any residual value are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:28.7225em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0322em;">based, have changed significantly.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:30.2225em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">The expected useful lifetime of intangible assets are as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:31.7225em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Acquired technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8769em;top:31.7225em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_187" style="word-spacing:-0.0152em;">15 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:32.4725em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8713em;top:32.4725em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_280" style="word-spacing:-0.0188em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.2225em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Distribution rights, patents and licenses etc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8213em;top:33.2225em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0311em;">5-20 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.9725em;"><span class="stl_46 stl_12 stl_676" style="word-spacing:-0.0528em;">IT software projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.1682em;top:33.9725em;"><span class="stl_46 stl_12 stl_351" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5312em;"><span class="stl_316 stl_08 stl_619" 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:11.2843em;"><span class="stl_557 stl_17 stl_475" style="word-spacing:-0.0431em;">Impairment testing other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0384em;"><span class="stl_910 stl_12 stl_124" style="word-spacing:-0.0404em;">At each reporting date, the Management performs an assessment of whether internal or external indications  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7676em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0387em;">of impairment of the identified intangible assets exist. If there is any indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4968em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">test is carried out. If an indication of impairment exists, the recoverable amount of the asset is determined, i.e.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.226em;"><span class="stl_910 stl_12 stl_517" style="word-spacing:-0.0416em;">the higher of the fair value of the asset less anticipated costs of disposal and its value-in-use.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.4277em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">Development projects in progress, either acquired or internally generated, are tested for impairment mini-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.157em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.038em;">mum on an annual basis and if any indication of impairment. For completed development projects, it is con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.8862em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.039em;">tinuously assessed whether there is any indication of impairment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0879em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0395em;">Impairment tests is either carried out by calculating the value in use, by use of discounted cashflow model,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8171em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.0389em;">or by calculating the fair value, depending on the type of intangible asset. If the initial impairment test shows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5463em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0389em;">a calculated amount lower than the carrying value of the asset, both fair value and value in use is calculated,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2756em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.0381em;">and an impairment loss is recognised at the higher amount of either fair value or value in use, if both calcu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0048em;"><span class="stl_910 stl_12 stl_105" style="word-spacing:-0.04em;">lated values are below the carrying amount of the asset. The impairment assessment, and possible following  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.734em;"><span class="stl_910 stl_12 stl_114" style="word-spacing:-0.0412em;">impairment test, is carried out per individual asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:10.4781em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.2356em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0333em;">Land and buildings, plant and machinery, as well as other plant, fix-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.9856em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">tures and fittings, tools and equipment are measured at cost, less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:12.7356em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">accumulated depreciation and impairment losses. Cost comprises  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:13.4856em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0394em;">the acquisition price and any costs directly attributable to the acqui-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.2356em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">sition until the date when the asset is ready for use. The cost of a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">total asset is divided into separate elements which are depreciated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:15.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">individually when the useful lives of the individual elements differ.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">The basis of depreciation is calculated in consideration of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.9856em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">residual value of the asset and is reduced by impairment losses,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:18.7356em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">if any. The residual value is fixed at the date of acquisition and is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:19.4856em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">subject to annual review. When the residual value exceeds the car-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.2356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">rying amount of the asset, depreciation will no longer take place. In  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">connection with changes in the depreciation period or the residual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:21.7356em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">value, the effect of depreciation is recognised in the future as a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:22.4856em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">change in the accounting estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:23.9856em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0397em;">The carrying amount of property, plant and equipment is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:24.7356em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">on an annual basis to establish whether there is any indication of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:25.4856em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">impairment. When such indication exists, an impairment test is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.2356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">performed. An impairment loss is recognised when the carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.9856em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">amount of an asset exceeds the recoverable amount of the asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:28.4856em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Property, plant and equipment are depreciated according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.2356em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0389em;">straight-line method over the expected useful lives of the assets/  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.9856em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">components as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:31.4856em;"><span class="stl_46 stl_12 stl_51">Buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.9361em;top:31.4856em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">10-40 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.2356em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Building installations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.9405em;top:32.2356em;"><span class="stl_46 stl_12 stl_231" style="word-spacing:-0.018em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.9856em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4268em;top:32.9856em;"><span class="stl_46 stl_12 stl_388" style="word-spacing:0.0086em;">2-10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:33.7356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">Other fixtures and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.6849em;top:33.7356em;"><span class="stl_46 stl_12 stl_351" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:35.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">Land is not depreciated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:36.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">Depreciation is recognised in the income statement under produc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:37.4856em;"><span class="stl_46 stl_12 stl_189" style="word-spacing:-0.041em;">tion costs, selling and distribution costs, development costs or man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:38.2356em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0343em;">agement 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:9.2256em;"><span class="stl_224 stl_08 stl_202" 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:10.5135em;"><span class="stl_557 stl_17 stl_34" style="word-spacing:-0.0364em;">Transparent tax management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2472em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">Ambu strives to meet the standard of being a good corporate citizen in all countries in which we operate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.5672em;"><span class="stl_46 stl_12 stl_74" 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:13.2966em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0375em;">through our own companies or in collaboration with third parties, naturally leading to cross-border trans-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.026em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">actions. In order to counter the inherent tax risk associated with being a multinational company, Ambu  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.7554em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0343em;">follows the OECD’s transfer pricing principles and general guidelines. Even though Ambu operates in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.4847em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">OECD member countries, a tax risk still exists, given the fact that applicable principles and guidelines are,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.2141em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0375em;">to some extent, subject to interpretation by the member countries, and also related to the fact that appli-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.9435em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0335em;">cable case law is not always clear and changes over time.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.2635em;"><span class="stl_46 stl_12 stl_320" style="word-spacing:-0.0406em;">Ambu utilises a straightforward transfer pricing system that adheres to the principal structure. In this  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.9929em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">arrangement, the Parent company earns residual profits, due to its ownership of intangible assets and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.7222em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0375em;">pays corporate income tax in the countries where we conduct business.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0379em;"><span class="stl_557 stl_17 stl_161" 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:21.7716em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0313em;">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:22.501em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">policy is to have a low tax risk appetite and to refrain from having business in tax havens or low tax juris-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2304em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">dictions for the purpose of conduction tax optimisation. Ambu does not have activities in tax havens, as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.9598em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0389em;">defined according to the EU list of non-cooperative jurisdictions for tax purposes.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.2798em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0391em;">In some jurisdictions where we operate, tax incentives are offered to all market participants. Our tax policy  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.0091em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">does not prevent us from making use of such incentives, in so far as our activities are business-driven and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.7385em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">not motivated by tax considerations. Tax incentives utilised by Ambu mainly relate to R&amp;D activities. Most  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.4679em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0369em;">of the current tax incentives relates to R&amp;D credit relief / uplift in Denmark entailing a R&amp;D uplift and addi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.1972em;"><span class="stl_46 stl_12 stl_173" style="word-spacing:-0.0222em;">tionally, a </span><span class="stl_46 stl_12 stl_70">1</span><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0327em;">16% depreciation of new equipment rolled forward. In USA, the tax incentive received relates to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:28.9266em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">R&amp;D tax credit and in Malaysia it regards reinvestment allowances.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.2423em;"><span class="stl_557 stl_17 stl_86" 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:30.976em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">To counter any future tax disputes and disagreements with the tax authorities, the Managements makes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.7054em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">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:32.4348em;"><span class="stl_46 stl_12 stl_123" 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:33.1641em;"><span class="stl_46 stl_12 stl_314" 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:10.5156em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:10.5081em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:10.5081em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0356em;"><span class="stl_316 stl_08 stl_77" 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:39.4488em;top:12.9175em;"><span class="stl_46 stl_12 stl_74" 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:65.0619em;top:12.9175em;"><span class="stl_46 stl_12 stl_352">140  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6926em;top:12.9175em;"><span class="stl_46 stl_12 stl_72">41  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.7919em;"><span class="stl_46 stl_12 stl_117" 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:65.2513em;top:13.7919em;"><span class="stl_46 stl_12 stl_387">-71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6932em;top:13.7919em;"><span class="stl_46 stl_12 stl_138">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:14.6662em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0372em;">Adjustment, previous years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.5482em;top:14.6662em;"><span class="stl_46 stl_12 stl_371">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5345em;top:14.6662em;"><span class="stl_46 stl_12 stl_368">-12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:15.5331em;"><span class="stl_316 stl_08 stl_485" 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:65.3201em;top:15.5331em;"><span class="stl_316 stl_08 stl_64">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5757em;top:15.5331em;"><span class="stl_316 stl_08 stl_109">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.9031em;"><span class="stl_46 stl_12 stl_55" 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:65.9457em;top:16.9031em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1976em;top:16.9031em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.7775em;"><span class="stl_46 stl_12 stl_582" 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:65.5501em;top:17.7775em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4782em;top:17.7775em;"><span class="stl_46 stl_12 stl_334">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.6444em;"><span class="stl_316 stl_08 stl_27" 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:65.5026em;top:18.6444em;"><span class="stl_316 stl_08 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.377em;top:18.6444em;"><span class="stl_316 stl_08 stl_438">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:20.3925em;"><span class="stl_316 stl_08 stl_51" 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:65.3388em;top:20.3925em;"><span class="stl_316 stl_08 stl_301">59  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6107em;top:20.3925em;"><span class="stl_316 stl_08 stl_541">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.5139em;top:22.5448em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0114em;top:22.5448em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:24.096em;"><span class="stl_316 stl_08 stl_458" style="word-spacing:-0.0451em;">Reconciliation of effective tax rate and tax:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.1033em;top:24.1035em;"><span class="stl_46 stl_12 stl_15">%</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.967em;top:24.1035em;"><span class="stl_46 stl_12 stl_226">DKKm  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.6076em;top:24.1035em;"><span class="stl_46 stl_12 stl_15">%</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.4714em;top:24.1035em;"><span class="stl_46 stl_12 stl_226">DKKm  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4495em;top:25.3266em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Profit before tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.7626em;top:25.3266em;"><span class="stl_46 stl_12 stl_107">300  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3289em;top:25.3266em;"><span class="stl_46 stl_12 stl_52">210  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:27.1691em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Applicable tax rate in Denmark, 22%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3726em;top:27.1691em;"><span class="stl_46 stl_12 stl_50">22.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.1476em;top:27.1691em;"><span class="stl_46 stl_12 stl_105">66  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.877em;top:27.1691em;"><span class="stl_46 stl_12 stl_50">22.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6476em;top:27.1691em;"><span class="stl_46 stl_12 stl_112">46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4495em;top:28.0904em;"><span class="stl_46 stl_12 stl_124" 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:56.497em;top:28.0904em;"><span class="stl_46 stl_12 stl_367">-0.2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.3626em;top:28.0904em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.2895em;top:28.0904em;z-index:3196;"><span class="stl_46 stl_12 stl_407">3.1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0289em;top:28.0904em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:29.0116em;"><span class="stl_46 stl_12 stl_65" 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:56.5589em;top:29.0116em;z-index:3226;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_140">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:29.0116em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1395em;top:29.0116em;"><span class="stl_46 stl_12 stl_897">-1.9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.8158em;top:29.0116em;"><span class="stl_46 stl_12 stl_107">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:29.9329em;"><span class="stl_46 stl_12 stl_405" style="word-spacing:-0.048em;">Non-deductible costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.722em;top:29.9329em;"><span class="stl_46 stl_12 stl_64">3.2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5239em;top:29.9329em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.2339em;top:29.9329em;"><span class="stl_46 stl_12 stl_171">3.8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0283em;top:29.9329em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:30.8541em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Adjustment, change in tax rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.5583em;top:30.8541em;z-index:3298;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_140">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6926em;top:30.8541em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9445em;top:30.8541em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1964em;top:30.8541em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:31.7754em;"><span class="stl_46 stl_12 stl_119" 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:56.5976em;top:31.7754em;"><span class="stl_46 stl_12 stl_890">-1.4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.2945em;top:31.7754em;"><span class="stl_46 stl_12 stl_371">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0745em;top:31.7754em;z-index:3354;"><span class="stl_46 stl_12 stl_549">-5.1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5326em;top:31.7754em;"><span class="stl_46 stl_12 stl_368">-12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:32.6966em;"><span class="stl_46 stl_12 stl_514" 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:56.6151em;top:32.6966em;"><span class="stl_46 stl_12 stl_172">-1.7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.3089em;top:32.6966em;"><span class="stl_46 stl_12 stl_323">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1389em;top:32.6966em;"><span class="stl_46 stl_12 stl_897">-1.9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.7989em;top:32.6966em;"><span class="stl_46 stl_12 stl_371">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:33.6104em;"><span class="stl_316 stl_08 stl_458" style="word-spacing:-0.045em;">Effective tax rate / income tax expense  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.2608em;top:33.6104em;"><span class="stl_316 stl_08 stl_832">21.7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.0664em;top:33.6104em;"><span class="stl_316 stl_08 stl_64">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.7139em;top:33.6104em;"><span class="stl_316 stl_08 stl_169">20.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5739em;top:33.6104em;"><span class="stl_316 stl_08 stl_109">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4812em;"><span class="stl_557 stl_17 stl_517" style="word-spacing:-0.0417em;">Current tax / income tax paid  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.3181em;top:11.9368em;"><span class="stl_316 stl_08 stl_458" style="word-spacing:-0.045em;">Current tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0875em;top:11.9368em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Income tax paid  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.1256em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.1456em;top:13.1181em;"><span class="stl_316 stl_08 stl_189" style="word-spacing:2.161em;">2023/24 2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.65em;top:13.1181em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8894em;top:13.1181em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:14.6531em;"><span class="stl_46 stl_12 stl_109">China  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5019em;top:14.6531em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7538em;top:14.6531em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0056em;top:14.6531em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9125em;top:14.6531em;"><span class="stl_46 stl_12 stl_69">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.5275em;"><span class="stl_46 stl_12 stl_34">Denmark  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1413em;top:15.5275em;"><span class="stl_46 stl_12 stl_49">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9225em;top:15.5275em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1744em;top:15.5275em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4263em;top:15.5275em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.4018em;"><span class="stl_46 stl_12 stl_109">France  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5019em;top:16.4018em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7538em;top:16.4018em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0056em;top:16.4018em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2575em;top:16.4018em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:17.2762em;"><span class="stl_46 stl_12 stl_310">Germany  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5019em;top:17.2762em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7537em;top:17.2762em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1744em;top:17.2762em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2575em;top:17.2762em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.1506em;"><span class="stl_46 stl_12 stl_458">Italy  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5019em;top:18.1506em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7537em;top:18.1506em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0056em;top:18.1506em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2575em;top:18.1506em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:19.025em;"><span class="stl_46 stl_12 stl_61">Malaysia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1875em;top:19.025em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7537em;top:19.025em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0056em;top:19.025em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2575em;top:19.025em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:19.8993em;"><span class="stl_46 stl_12 stl_34">Mexico  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5019em;top:19.8993em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9225em;top:19.8993em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1744em;top:19.8993em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2575em;top:19.8993em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:20.7737em;"><span class="stl_46 stl_12 stl_266">Spain  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5019em;top:20.7737em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7537em;top:20.7737em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0056em;top:20.7737em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4262em;top:20.7737em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:21.6481em;"><span class="stl_46 stl_12 stl_64">UK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5019em;top:21.6481em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7537em;top:21.6481em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0056em;top:21.6481em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2575em;top:21.6481em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:22.5224em;"><span class="stl_46 stl_12 stl_189">USA  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1419em;top:22.5224em;"><span class="stl_46 stl_12 stl_200">57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4137em;top:22.5224em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6394em;top:22.5224em;"><span class="stl_46 stl_12 stl_111">62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9187em;top:22.5224em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7256em;top:23.3968em;"><span class="stl_46 stl_12 stl_148" style="word-spacing:-0.0392em;">Other countries  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5025em;top:23.3968em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7544em;top:23.3968em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0062em;top:23.3968em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2581em;top:23.3968em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.6644em;top:24.2637em;"><span class="stl_316 stl_08 stl_334">140  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3331em;top:24.2637em;"><span class="stl_316 stl_08 stl_373">41  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5537em;top:24.2637em;"><span class="stl_316 stl_08 stl_171">90  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8275em;top:24.2637em;"><span class="stl_316 stl_08 stl_236">57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:25.6956em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">Income tax paid for the year was DKK 90m, of which DKK 0 was in Denmark. Ambu has not paid income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:26.4249em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">tax in Denmark, due to tax losses primarily incurred from high levels of tax deductible investments. There  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:27.1543em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">will be current year tax in Denmark in 2023/24, due to positive taxable income, which have been partly off-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:27.8837em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">set by tax losses under the Danish rules for tax loss restriction.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:10.4849em;"><span class="stl_557 stl_17 stl_27" style="word-spacing:-0.0368em;">Global minimum corporate tax rate – Pillar Two requirements  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:11.2187em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0321em;">The legislation implementing OECD’s proposals for a global minimum corporate tax rate (Pillar two) was  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:11.9481em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0357em;">enacted into Danish law by the end of 2023, with effect from 2024. Based on the financial strategic plan-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:12.6774em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">ning, we expect Ambu to be applicable to this legislation from 1 October 2026 and onwards.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:14.1568em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.0319em;">The Group has performed a high-level assessment of the Group’s potential exposure to Pillar Two income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:14.8862em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">taxes for periods from 1 October 2024.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:16.3656em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">The assessments of the potential exposure to Pillar Two income taxes are based on the most recent tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.095em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">filings and financial statements for the entities in the Group. Based on the assessments, the Pillar Two  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:17.8243em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0387em;">effective tax rates, in most of the jurisdictions in which the Group operates, are above 15%, and the tran-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:18.5537em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">sitional safe harbour relief is expected to apply. On this basis, the Group does not expect a material expo-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:19.2831em;"><span class="stl_46 stl_12 stl_126" style="word-spacing:-0.0289em;">sure to Pillar Two income taxes in any jurisdiction.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:20.7756em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:21.5331em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">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:39.4494em;top:22.2831em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">statement for the portion attributable to the profit for the year, and in equity for the portion attributable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:23.0331em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0398em;">to amounts recognised directly in equity. The tax effect of share-based payment is included in tax on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:23.7831em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0357em;">profit for the year, with the portion attributable to the Group’s deductible share of the cost from the Black-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:24.5331em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">Scholes or other applied valuation model and the remaining tax effect, being included in equity. Tax is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:25.2831em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">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:39.4494em;top:20.7756em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:21.5331em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">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:39.4494em;top:22.2831em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">statement for the portion attributable to the profit for the year, and in equity for the portion attributable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:23.0331em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0398em;">to amounts recognised directly in equity. The tax effect of share-based payment is included in tax on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:23.7831em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0357em;">profit for the year, with the portion attributable to the Group’s deductible share of the cost from the Black-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:24.5331em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">Scholes or other applied valuation model and the remaining tax effect, being included in equity. Tax is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:25.2831em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">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_224 stl_08 stl_28" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5769em;top:10.4899em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0249em;"><span class="stl_46 stl_12 stl_383" 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:30.685em;top:12.0249em;"><span class="stl_46 stl_12 stl_111">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:12.0249em;"><span class="stl_46 stl_12 stl_73">62  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.8756em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.84em;top:12.8756em;"><span class="stl_46 stl_12 stl_107">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:12.8756em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.7262em;"><span class="stl_46 stl_12 stl_123" 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:31.0525em;top:13.7262em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9457em;top:13.7262em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:14.5768em;"><span class="stl_46 stl_12 stl_34" 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:30.7063em;top:14.5768em;"><span class="stl_46 stl_12 stl_540">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8063em;top:14.5768em;"><span class="stl_46 stl_12 stl_898">-13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.4274em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">Adjustments in respect of previous years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2219em;top:15.4274em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.305em;top:15.4274em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.2706em;"><span class="stl_316 stl_08 stl_383" 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:30.2232em;top:16.2706em;"><span class="stl_316 stl_08 stl_101">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8563em;top:16.2706em;"><span class="stl_316 stl_08 stl_102">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:17.6093em;"><span class="stl_316 stl_08 stl_475" style="word-spacing:-0.0431em;">Deferred tax relates to:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.4674em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0417em;">Intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0894em;top:18.4674em;"><span class="stl_46 stl_12 stl_28">-333  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3382em;top:18.4674em;"><span class="stl_46 stl_12 stl_518">-383  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:19.318em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Property, plant and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5013em;top:19.318em;"><span class="stl_46 stl_12 stl_200">-28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7469em;top:19.318em;"><span class="stl_46 stl_12 stl_79">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:20.1687em;"><span class="stl_46 stl_12 stl_475" style="word-spacing:-0.0431em;">Current assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4057em;top:20.1687em;"><span class="stl_46 stl_12 stl_613">119  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9263em;top:20.1687em;"><span class="stl_46 stl_12 stl_64">54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0193em;"><span class="stl_46 stl_12 stl_123" 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:31.0525em;top:21.0193em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.0919em;top:21.0193em;"><span class="stl_46 stl_12 stl_350">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.8699em;"><span class="stl_46 stl_12 stl_51">Provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4782em;top:21.8699em;"><span class="stl_46 stl_12 stl_169">-32  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7438em;top:21.8699em;"><span class="stl_46 stl_12 stl_240">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.7205em;"><span class="stl_46 stl_12 stl_220">Payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6925em;top:22.7205em;"><span class="stl_46 stl_12 stl_200">27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9713em;top:22.7205em;"><span class="stl_46 stl_12 stl_360">19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.5712em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0412em;">Tax loss carry-forwards  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3232em;top:23.5712em;"><span class="stl_46 stl_12 stl_240">395  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5688em;top:23.5712em;"><span class="stl_46 stl_12 stl_103">447  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2225em;top:24.4143em;"><span class="stl_316 stl_08 stl_101">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8557em;top:24.4143em;"><span class="stl_316 stl_08 stl_102">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.753em;"><span class="stl_316 stl_08 stl_59" 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:4.7244em;top:26.6112em;"><span class="stl_46 stl_12 stl_475" style="word-spacing:-0.0431em;">Deferred tax asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3419em;top:26.6112em;"><span class="stl_46 stl_12 stl_115">160  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9244em;top:26.6112em;"><span class="stl_46 stl_12 stl_405">85  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.4618em;"><span class="stl_46 stl_12 stl_130" style="word-spacing:-0.0407em;">Deferred tax liability  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8232em;top:27.4618em;"><span class="stl_46 stl_12 stl_371">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.0919em;top:27.4618em;"><span class="stl_46 stl_12 stl_350">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2225em;top:28.3049em;"><span class="stl_316 stl_08 stl_101">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8557em;top:28.3049em;"><span class="stl_316 stl_08 stl_102">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.7299em;"><span class="stl_557 stl_17 stl_485" style="word-spacing:-0.0343em;">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_46 stl_12 stl_123" style="word-spacing:-0.0392em;">In recognising tax loss carry-forwards in Denmark, the Management has assessed whether convincing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.2343em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">evidence was present, as the Group has a history of recent losses in Denmark, due to high investment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:31.9843em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">levels, lower earnings 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:33.4843em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">Tax loss carry-forwards in Denmark, totalling DKK 395m (DKK 440m), were recognised by the end of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.2343em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0389em;">year. The tax loss carry-forwards are recognised on the basis of budgets and strategy plans for the indivi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.9843em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">dual activities approved by the Management, incl. tax planning opportunities aimed to advance the tax-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.7343em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0389em;">able profit. Estimates and assessments of future taxable income are thus consistent with the basis for the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.4843em;"><span class="stl_46 stl_12 stl_130" style="word-spacing:-0.0409em;">impairment tests.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.9843em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">In Germany, unrecognised tax assets amounted to DKK 30m (DKK 30m).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4812em;"><span class="stl_316 stl_08 stl_619" 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_46 stl_12 stl_558" style="word-spacing:-0.0384em;">Deferred tax is measured under the balance sheet liability method, on the basis of all temporary differen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9887em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0399em;">ces between the carrying amount and tax base of assets and liabilities. Deferred tax is not recognised on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7387em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0389em;">temporary differences, resulting from the initial recognition of goodwill. Deferred tax assets, including the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4887em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">tax base of tax loss carry-forwards, are recognised under other non-current assets at the expected usable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2387em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">value, either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9887em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">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_46 stl_12 stl_118" style="word-spacing:-0.0329em;">Adjustment is made to 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_46 stl_12 stl_408" 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_46 stl_12 stl_59" 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_46 stl_12 stl_59" style="word-spacing:-0.0389em;">basis of budgets, business plans, etc., is able to render probable that the value can be offset against tem-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2387em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">porary deferred tax liabilities or against future taxable income. Tax losses are recognised to the extent that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9887em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0381em;">the Management can render 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_46 stl_12 stl_123" style="word-spacing:-0.0393em;">Deferred tax is calculated on share-based payments, to the extent that the individual scheme is deducti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2387em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">ble for the Group. Deferred tax is calculated as the difference between the value of the share-based pay-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9887em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">ment at the time of allocation and the fair value, whichever is higher. Deferred tax assets from share-based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7387em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">payment schemes are recognised proportionately over the vesting period. The tax asset is recognised in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.4887em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0397em;">the income statement at a value corresponding to the tax deduction for the scheme-related costs, recog-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.2387em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">nised 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_46 stl_12 stl_74" 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_46 stl_12 stl_485" 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_46 stl_12 stl_558" 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_46 stl_12 stl_278" 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:39.4488em;top:10.4812em;"><span class="stl_316 stl_08 stl_619" 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_46 stl_12 stl_558" style="word-spacing:-0.0384em;">Deferred tax is measured under the balance sheet liability method, on the basis of all temporary differen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9887em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0399em;">ces between the carrying amount and tax base of assets and liabilities. Deferred tax is not recognised on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7387em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0389em;">temporary differences, resulting from the initial recognition of goodwill. Deferred tax assets, including the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4887em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">tax base of tax loss carry-forwards, are recognised under other non-current assets at the expected usable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2387em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">value, either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9887em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">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_46 stl_12 stl_118" style="word-spacing:-0.0329em;">Adjustment is made to 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_46 stl_12 stl_408" 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_46 stl_12 stl_59" 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_46 stl_12 stl_59" style="word-spacing:-0.0389em;">basis of budgets, business plans, etc., is able to render probable that the value can be offset against tem-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2387em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">porary deferred tax liabilities or against future taxable income. Tax losses are recognised to the extent that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9887em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0381em;">the Management can render 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_46 stl_12 stl_123" style="word-spacing:-0.0393em;">Deferred tax is calculated on share-based payments, to the extent that the individual scheme is deducti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2387em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">ble for the Group. Deferred tax is calculated as the difference between the value of the share-based pay-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9887em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">ment at the time of allocation and the fair value, whichever is higher. Deferred tax assets from share-based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7387em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">payment schemes are recognised proportionately over the vesting period. The tax asset is recognised in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.4887em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0397em;">the income statement at a value corresponding to the tax deduction for the scheme-related costs, recog-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.2387em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">nised 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_46 stl_12 stl_74" 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_46 stl_12 stl_485" 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_46 stl_12 stl_558" 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_46 stl_12 stl_278" 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:39.4488em;top:10.4812em;"><span class="stl_316 stl_08 stl_619" 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_46 stl_12 stl_558" style="word-spacing:-0.0384em;">Deferred tax is measured under the balance sheet liability method, on the basis of all temporary differen-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.9887em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0399em;">ces between the carrying amount and tax base of assets and liabilities. Deferred tax is not recognised on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7387em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0389em;">temporary differences, resulting from the initial recognition of goodwill. Deferred tax assets, including the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4887em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">tax base of tax loss carry-forwards, are recognised under other non-current assets at the expected usable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2387em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">value, either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9887em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">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_46 stl_12 stl_118" style="word-spacing:-0.0329em;">Adjustment is made to 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_46 stl_12 stl_408" 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_46 stl_12 stl_59" 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_46 stl_12 stl_59" style="word-spacing:-0.0389em;">basis of budgets, business plans, etc., is able to render probable that the value can be offset against tem-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2387em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">porary deferred tax liabilities or against future taxable income. Tax losses are recognised to the extent that  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9887em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0381em;">the Management can render 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_46 stl_12 stl_123" style="word-spacing:-0.0393em;">Deferred tax is calculated on share-based payments, to the extent that the individual scheme is deducti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.2387em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">ble for the Group. Deferred tax is calculated as the difference between the value of the share-based pay-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9887em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">ment at the time of allocation and the fair value, whichever is higher. Deferred tax assets from share-based  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7387em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">payment schemes are recognised proportionately over the vesting period. The tax asset is recognised in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.4887em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0397em;">the income statement at a value corresponding to the tax deduction for the scheme-related costs, recog-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.2387em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">nised 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_46 stl_12 stl_74" 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_46 stl_12 stl_485" 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_46 stl_12 stl_558" 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_46 stl_12 stl_278" 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_224 stl_08 stl_177" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_27" 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:30.3113em;top:12.0487em;"><span class="stl_46 stl_12 stl_251">235  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5938em;top:12.0487em;"><span class="stl_46 stl_12 stl_115">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.4818em;"><span class="stl_46 stl_12 stl_485" 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:29.0325em;top:13.4818em;"><span class="stl_46 stl_12 stl_204">266,331  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2675em;top:13.4818em;"><span class="stl_46 stl_12 stl_162">260,480  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.403em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Dilutive effect of outstanding share options, warrants and employee share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.153em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">programmes (’000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:15.153em;"><span class="stl_46 stl_12 stl_65">383  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.645em;top:15.153em;"><span class="stl_46 stl_12 stl_436">176  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.0668em;"><span class="stl_316 stl_08 stl_105" style="word-spacing:-0.04em;">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_316 stl_08 stl_538" 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:28.8163em;top:16.8168em;"><span class="stl_316 stl_08 stl_618">266,714  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0063em;top:16.8168em;"><span class="stl_316 stl_08 stl_330">260,656  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.2574em;"><span class="stl_46 stl_12 stl_497" 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:30.1319em;top:18.2574em;"><span class="stl_46 stl_12 stl_310">0.88  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3788em;top:18.2574em;"><span class="stl_46 stl_12 stl_113">0.64  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.1787em;"><span class="stl_46 stl_12 stl_54" 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:30.1319em;top:19.1787em;"><span class="stl_46 stl_12 stl_310">0.88  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3788em;top:19.1787em;"><span class="stl_46 stl_12 stl_113">0.64  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.6405em;"><span class="stl_316 stl_08 stl_619" 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_46 stl_12 stl_54" 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_46 stl_12 stl_485" 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_46 stl_12 stl_225" 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_46 stl_12 stl_105" 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_46 stl_12 stl_56" 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_46 stl_12 stl_74" 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_46 stl_12 stl_520" 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_46 stl_12 stl_80" 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_316 stl_08 stl_619" 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_46 stl_12 stl_54" 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_46 stl_12 stl_485" 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_46 stl_12 stl_225" 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_46 stl_12 stl_105" 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_46 stl_12 stl_56" 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_46 stl_12 stl_74" 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_46 stl_12 stl_520" 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_46 stl_12 stl_80" 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_224 stl_08 stl_156">3</span><span class="stl_224 stl_08 stl_893">.</span><span class="stl_224 stl_08 stl_15">1 </span><span class="stl_224 stl_08 stl_65">G</span><span class="stl_224 stl_08 stl_109">oodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5769em;top:10.4899em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.78em;top:12.0487em;"><span class="stl_46 stl_12 stl_241">1,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0582em;top:12.0487em;"><span class="stl_46 stl_12 stl_110">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4663em;top:12.9699em;"><span class="stl_46 stl_12 stl_65">-38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7188em;top:12.9699em;"><span class="stl_46 stl_12 stl_116">-58  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.8837em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6188em;top:13.8837em;"><span class="stl_316 stl_08 stl_259">1,527  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8457em;top:13.8837em;"><span class="stl_316 stl_08 stl_214">1,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.3605em;"><span class="stl_46 stl_12 stl_497" style="word-spacing:-0.0316em;">The carrying amount of goodwill at DKK 1,527m (DKK 1,565m) stems primarily from the business combi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.1105em;"><span class="stl_46 stl_12 stl_121" 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:4.7238em;top:17.6062em;"><span class="stl_557 stl_17 stl_322" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.3605em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">As described in section 2.1, the Ambu Group is managed as one single unit, for which reason the Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.1105em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">ment monitors goodwill as a whole, at Group level. Consequently, the impairment test is based on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.8605em;"><span class="stl_46 stl_12 stl_188" style="word-spacing:-0.0234em;">Group’s market value. The market value of Ambu A/S’s shares is based on the quoted price of DKK 131.15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.6105em;"><span class="stl_46 stl_12 stl_221" style="word-spacing:-0.0285em;">per share on Nasdaq Copenhagen at 30 September 2024 (DKK 73.86 per share at 30 September 2023).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.3605em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0243em;">Based on this market value approximation, Ambu's equity value is DKK 34.9bn (DKK 19.9bn), which leaves  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.1105em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0301em;">DKK 29.3bn (DKK 14.5bn) in headroom to the carrying amount of equity. Therefore, the Management has  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.8605em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">concluded that the net selling price, calculated on the basis of a level 1 fair value measurement, proves  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.6105em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0337em;">that there is no indication of impairment of goodwill.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:10.478em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.2355em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.9855em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">ble net assets of the acquired company. Subsequently, goodwill is measured at cost, less accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:12.7355em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">impairment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.2355em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to bene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.9855em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0307em;">fit from the business combination; however, not to a level lower than the segment level and the level on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:15.7355em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">which goodwill is monitored, as part of the internal financial management. The Management has identi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.4855em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">fied 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:39.4482em;top:17.9855em;"><span class="stl_46 stl_12 stl_123" 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:39.4482em;top:18.7355em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:39.4482em;top:19.4855em;"><span class="stl_46 stl_12 stl_485" 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:39.4482em;top:20.2355em;"><span class="stl_46 stl_12 stl_278" 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:39.4482em;top:20.9855em;"><span class="stl_46 stl_12 stl_309" 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:39.4482em;top:22.4855em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">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:39.4482em;top:23.2355em;"><span class="stl_46 stl_12 stl_56" 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:39.4482em;top:23.9855em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">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:39.4482em;top:24.7355em;"><span class="stl_46 stl_12 stl_28" 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;z-index:47;"><span class="stl_224 stl_08 stl_156">3</span><span class="stl_224 stl_08 stl_893">.</span><span class="stl_224 stl_08 stl_15">1 </span><span class="stl_224 stl_08 stl_65">G</span><span class="stl_224 stl_08 stl_109">oodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5769em;top:10.4899em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.78em;top:12.0487em;"><span class="stl_46 stl_12 stl_241">1,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0582em;top:12.0487em;"><span class="stl_46 stl_12 stl_110">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4663em;top:12.9699em;"><span class="stl_46 stl_12 stl_65">-38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7188em;top:12.9699em;"><span class="stl_46 stl_12 stl_116">-58  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.8837em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6188em;top:13.8837em;"><span class="stl_316 stl_08 stl_259">1,527  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8457em;top:13.8837em;"><span class="stl_316 stl_08 stl_214">1,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.3605em;"><span class="stl_46 stl_12 stl_497" style="word-spacing:-0.0316em;">The carrying amount of goodwill at DKK 1,527m (DKK 1,565m) stems primarily from the business combi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.1105em;"><span class="stl_46 stl_12 stl_121" 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:4.7238em;top:17.6062em;"><span class="stl_557 stl_17 stl_322" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.3605em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">As described in section 2.1, the Ambu Group is managed as one single unit, for which reason the Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.1105em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">ment monitors goodwill as a whole, at Group level. Consequently, the impairment test is based on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.8605em;"><span class="stl_46 stl_12 stl_188" style="word-spacing:-0.0234em;">Group’s market value. The market value of Ambu A/S’s shares is based on the quoted price of DKK 131.15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.6105em;"><span class="stl_46 stl_12 stl_221" style="word-spacing:-0.0285em;">per share on Nasdaq Copenhagen at 30 September 2024 (DKK 73.86 per share at 30 September 2023).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.3605em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0243em;">Based on this market value approximation, Ambu's equity value is DKK 34.9bn (DKK 19.9bn), which leaves  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.1105em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0301em;">DKK 29.3bn (DKK 14.5bn) in headroom to the carrying amount of equity. Therefore, the Management has  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.8605em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">concluded that the net selling price, calculated on the basis of a level 1 fair value measurement, proves  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.6105em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0337em;">that there is no indication of impairment of goodwill.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:10.478em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.2355em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.9855em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">ble net assets of the acquired company. Subsequently, goodwill is measured at cost, less accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:12.7355em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">impairment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.2355em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to bene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.9855em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0307em;">fit from the business combination; however, not to a level lower than the segment level and the level on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:15.7355em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">which goodwill is monitored, as part of the internal financial management. The Management has identi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.4855em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">fied 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:39.4482em;top:17.9855em;"><span class="stl_46 stl_12 stl_123" 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:39.4482em;top:18.7355em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:39.4482em;top:19.4855em;"><span class="stl_46 stl_12 stl_485" 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:39.4482em;top:20.2355em;"><span class="stl_46 stl_12 stl_278" 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:39.4482em;top:20.9855em;"><span class="stl_46 stl_12 stl_309" 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:39.4482em;top:22.4855em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">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:39.4482em;top:23.2355em;"><span class="stl_46 stl_12 stl_56" 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:39.4482em;top:23.9855em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">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:39.4482em;top:24.7355em;"><span class="stl_46 stl_12 stl_28" 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_224 stl_08 stl_34" 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:24.9875em;top:10.0175em;"><span class="stl_316 stl_08 stl_94">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.5682em;top:10.7675em;"><span class="stl_316 stl_08 stl_28">technologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.2613em;top:10.7675em;"><span class="stl_316 stl_08 stl_497">Development  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.2163em;top:11.5175em;"><span class="stl_316 stl_08 stl_465">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3319em;top:11.5175em;"><span class="stl_316 stl_08 stl_321">Completed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.5775em;top:11.5175em;"><span class="stl_316 stl_08 stl_472" style="word-spacing:-0.0476em;">projects and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9819em;top:12.2675em;"><span class="stl_316 stl_08 stl_107" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.649em;top:12.2675em;"><span class="stl_316 stl_08 stl_497">development  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0425em;top:12.2675em;"><span class="stl_316 stl_08 stl_291" style="word-spacing:-0.0324em;">Other, incl.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.6588em;top:12.2675em;"><span class="stl_316 stl_08 stl_547" style="word-spacing:-0.0509em;">other assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.025em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0775em;top:13.0175em;"><span class="stl_316 stl_08 stl_453">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2382em;top:13.0175em;"><span class="stl_316 stl_08 stl_255">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0025em;top:13.0175em;"><span class="stl_316 stl_08 stl_707" style="word-spacing:-0.0577em;">IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.9457em;top:13.0175em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6975em;top:13.0175em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:14.545em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.4269em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7669em;top:15.4269em;"><span class="stl_46 stl_12 stl_266">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2282em;top:15.4269em;"><span class="stl_46 stl_12 stl_53">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4682em;top:15.4269em;"><span class="stl_46 stl_12 stl_110">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.3788em;top:15.4269em;"><span class="stl_46 stl_12 stl_627">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6869em;top:15.4269em;"><span class="stl_46 stl_12 stl_770">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.3012em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2825em;top:16.3012em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.4694em;top:16.3012em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3625em;top:16.3012em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.9919em;top:16.3012em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6525em;top:16.3012em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.1756em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6775em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6382em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3625em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.4319em;top:17.1756em;"><span class="stl_46 stl_12 stl_364">201  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.1563em;top:17.1756em;"><span class="stl_46 stl_12 stl_364">201  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.05em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6769em;top:18.05em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7563em;top:18.05em;"><span class="stl_46 stl_12 stl_859">269  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8269em;top:18.05em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2369em;top:18.05em;"><span class="stl_46 stl_12 stl_53">-294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.0469em;top:18.05em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.9169em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.645em;top:18.9169em;"><span class="stl_316 stl_08 stl_166">923  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0763em;top:18.9169em;"><span class="stl_316 stl_08 stl_376">1,762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3344em;top:18.9169em;"><span class="stl_316 stl_08 stl_102">282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2888em;top:18.9169em;"><span class="stl_316 stl_08 stl_55">350  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4519em;top:18.9169em;"><span class="stl_316 stl_08 stl_334">3,317  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:20.2631em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0405em;">Amortisation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.58em;top:20.2631em;"><span class="stl_46 stl_12 stl_258">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.4838em;top:20.2631em;"><span class="stl_46 stl_12 stl_899">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3138em;top:20.2631em;"><span class="stl_46 stl_12 stl_760">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3219em;top:20.2631em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.5182em;top:20.2631em;"><span class="stl_46 stl_12 stl_900">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:21.1375em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.5069em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.0006em;top:21.1375em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.8769em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:22.0119em;"><span class="stl_46 stl_12 stl_619" 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:26.5738em;top:22.0119em;"><span class="stl_46 stl_12 stl_243">-206  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6175em;top:22.0119em;"><span class="stl_46 stl_12 stl_354">-121  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3607em;top:22.0119em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:22.0119em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9432em;top:22.0119em;"><span class="stl_46 stl_12 stl_89">-327  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:22.8862em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9563em;top:22.8862em;"><span class="stl_46 stl_12 stl_370">-</span><span class="stl_46 stl_12 stl_397">6</span><span class="stl_46 stl_12 stl_397">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6075em;top:22.8862em;"><span class="stl_46 stl_12 stl_781">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6313em;top:22.8862em;"><span class="stl_46 stl_12 stl_385">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:22.8862em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9913em;top:22.8862em;"><span class="stl_46 stl_12 stl_624">-215  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:23.7531em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0419em;">Amortisation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4375em;top:23.7531em;"><span class="stl_316 stl_08 stl_246">-547  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3957em;top:23.7531em;"><span class="stl_316 stl_08 stl_169">-857  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1607em;top:23.7531em;"><span class="stl_316 stl_08 stl_284">-210  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3125em;top:23.7531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3313em;top:23.7531em;"><span class="stl_316 stl_08 stl_172">-1,614  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:24.6275em;"><span class="stl_316 stl_08 stl_318" style="word-spacing:-0.0422em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6938em;top:24.6275em;"><span class="stl_316 stl_08 stl_366">376  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6007em;top:24.6275em;"><span class="stl_316 stl_08 stl_109">905  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.7507em;top:24.6275em;"><span class="stl_316 stl_08 stl_57">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2882em;top:24.6275em;"><span class="stl_316 stl_08 stl_55">350  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4532em;top:24.6275em;"><span class="stl_316 stl_08 stl_901">1,703  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:26.3756em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:27.2575em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7625em;top:27.2575em;"><span class="stl_46 stl_12 stl_166">944  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2125em;top:27.2575em;"><span class="stl_46 stl_12 stl_526">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4907em;top:27.2575em;"><span class="stl_46 stl_12 stl_339">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.3913em;top:27.2575em;"><span class="stl_46 stl_12 stl_349">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.5813em;top:27.2575em;"><span class="stl_46 stl_12 stl_310">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:28.1318em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.005em;top:28.1318em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3607em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.375em;top:28.1318em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:29.0062em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6757em;top:29.0062em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:29.0062em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8563em;top:29.0062em;"><span class="stl_46 stl_12 stl_138">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.4388em;top:29.0062em;"><span class="stl_46 stl_12 stl_352">242  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.1363em;top:29.0062em;"><span class="stl_46 stl_12 stl_251">255  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:29.8806em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6757em;top:29.8806em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.305em;top:29.8806em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.0007em;top:29.8806em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:29.8806em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6644em;top:29.8806em;"><span class="stl_46 stl_12 stl_107">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:30.755em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.675em;top:30.755em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7244em;top:30.755em;"><span class="stl_46 stl_12 stl_169">233  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8113em;top:30.755em;"><span class="stl_46 stl_12 stl_405">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2463em;top:30.755em;"><span class="stl_46 stl_12 stl_437">-281  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.045em;top:30.755em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:31.6218em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6463em;top:31.6218em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0194em;top:31.6218em;"><span class="stl_316 stl_08 stl_15">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3513em;top:31.6218em;"><span class="stl_316 stl_08 stl_49">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2657em;top:31.6218em;"><span class="stl_316 stl_08 stl_323">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4844em;top:31.6218em;"><span class="stl_316 stl_08 stl_902">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:32.9681em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0405em;">Amortisation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6175em;top:32.9681em;"><span class="stl_46 stl_12 stl_904">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5213em;top:32.9681em;"><span class="stl_46 stl_12 stl_169">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3325em;top:32.9681em;"><span class="stl_46 stl_12 stl_786">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:32.9681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9069em;top:32.9681em;"><span class="stl_46 stl_12 stl_362">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:33.8425em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1738em;top:33.8425em;"><span class="stl_46 stl_12 stl_71">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6357em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.36em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3207em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5438em;top:33.8425em;"><span class="stl_46 stl_12 stl_71">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:34.7168em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6744em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.4663em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.1907em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.8757em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:35.5912em;"><span class="stl_46 stl_12 stl_619" 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:27.6744em;top:35.5912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.275em;top:35.5912em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6932em;top:35.5912em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:35.5912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3725em;top:35.5912em;"><span class="stl_46 stl_12 stl_138">-18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:36.4656em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9288em;top:36.4656em;"><span class="stl_46 stl_12 stl_156">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6013em;top:36.4656em;"><span class="stl_46 stl_12 stl_907">-107  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6025em;top:36.4656em;"><span class="stl_46 stl_12 stl_337">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3194em;top:36.4656em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.99em;top:36.4656em;"><span class="stl_46 stl_12 stl_908">-184  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:37.3325em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0419em;">Amortisation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4394em;top:37.3325em;"><span class="stl_316 stl_08 stl_62">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3607em;top:37.3325em;"><span class="stl_316 stl_08 stl_112">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1888em;top:37.3325em;"><span class="stl_316 stl_08 stl_906">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3107em;top:37.3325em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3082em;top:37.3325em;"><span class="stl_316 stl_08 stl_909">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:38.2068em;"><span class="stl_316 stl_08 stl_318" style="word-spacing:-0.0422em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6225em;top:38.2068em;"><span class="stl_316 stl_08 stl_112">643  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6025em;top:38.2068em;"><span class="stl_316 stl_08 stl_156">888  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.7519em;top:38.2068em;"><span class="stl_316 stl_08 stl_301">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2644em;top:38.2068em;"><span class="stl_316 stl_08 stl_323">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3788em;top:38.2068em;"><span class="stl_316 stl_08 stl_59">2,046  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:9.965em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:10.7225em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Acquired technologies, trademarks and customer relations, pri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:11.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">marily comprising identified technologies, are recognised at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.2225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">value on the time of acquisition in connection with a business com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.9725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">bination. Any other intangible asset is recognised at cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:14.4725em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">Development and IT projects are recognised as intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.2225em;"><span class="stl_46 stl_12 stl_453" style="word-spacing:-0.0425em;">if they meet certain criteria. These projects must be clearly defined  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.9725em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">and identifiable, with proven technical feasibility and sufficient  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:16.7225em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">resources available for completion. Additionally, there should be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:17.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">a potential market or scope for the project, and the Group must  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.2225em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0403em;">intend to produce, market or use the project. The directly attrib-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.9725em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">utable cost should be reliably measurable, and there must be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:19.7225em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0361em;">certainty that future earnings or the net selling price will cover all  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:20.4725em;"><span class="stl_46 stl_12 stl_112">costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:21.965em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0418em;">Useful lifetime and residual value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:22.7225em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">Intangible assets, excl. goodwill, are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:23.4725em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">straight-line method over the expected useful lifetime of the indi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.2225em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0383em;">vidual asset. The residual value for all intangible assets is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.9725em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0367em;">as zero. The amortisation of the intangible asset commences upon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:25.7225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">completion of the project or when the asset is ready for use. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:26.4725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">basis of amortisation is reduced by impairment losses, if any. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.2225em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">useful life of the asset may subsequently be changed if the original  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.9725em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">assumptions, on which the useful life and any residual value are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:28.7225em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0322em;">based, have changed significantly.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:30.2225em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">The expected useful lifetime of intangible assets are as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:31.7225em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Acquired technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8769em;top:31.7225em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_187" style="word-spacing:-0.0152em;">15 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:32.4725em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8713em;top:32.4725em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_280" style="word-spacing:-0.0188em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.2225em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Distribution rights, patents and licenses etc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8213em;top:33.2225em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0311em;">5-20 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.9725em;"><span class="stl_46 stl_12 stl_676" style="word-spacing:-0.0528em;">IT software projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.1682em;top:33.9725em;"><span class="stl_46 stl_12 stl_351" 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:10.5312em;"><span class="stl_316 stl_08 stl_361" style="word-spacing:-0.0423em;">Result of impairment test other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">In 2023/24, a strategic review across our GI endoscopy business was conducted. This resulted in revised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">assumptions, based on the longer time required to penetrate the market, resulting in a re-evaluation of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">our short-term potential for GI. Despite this revision, we remain dedicated to solving unmet customer  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">needs within GI, unlocking potential on the mid to long term, by applying a focused approach in the years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_46 stl_12 stl_171" style="word-spacing:-0.028em;">to come.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">The technologies 'Colonoscopy' and 'Duodenoscopy' have been written down to their respective recover-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">able amount as a result of the strategic review performed across the GI endoscopy business, resulting in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">revised assumptions, based on the longer time required to penetrate this market.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">The recoverable amount is determined as the highest of fair value and value in use in accordance with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0335em;">Ambu’s accounting policies. The recoverable amount has been calculated on basis of the estimated fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;z-index:1149;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">value by use of the ‘relief from royalty’ method, except for the internal development project ‘Cholangio’,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">where project plans have been put on hold as a consequence of the strategic review.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0355em;">The total DKK 327m impairment loss on intangible assets has been charged to special items, as described  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">in note 2.6. Hereafter, the total carrying amount, as of 30 September 2024, for the GI technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_46 stl_12 stl_221" style="word-spacing:-0.0283em;">amounts to DKK 596m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5387em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">In 2022/23, an impairment loss of DKK 2m on in-progress development projects was recognised, due to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">ceased development plans, and an impairment loss of DKK 16m on intangible rights related to production  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.0387em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">was recognised, due to rights not expected to be used.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4812em;"><span class="stl_557 stl_17 stl_430" 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:11.2356em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0393em;">The sensitivity analysis assesses the impact of changes in key assumptions of the impairment test results.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7356em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">The ‘relief from royalty’ method estimates the discounted value of an intangible asset determined on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4856em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">expected royalty payments to an independent third party to be saved by owning the respective asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2356em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">instead of licensing it. When applying the ‘relief from royalty’ method in the impairment test for the GI  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9856em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0357em;">technologies, the fair value is measured over the useful lifetime of the individual assets and applying the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7356em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0349em;">main key assumptions as revenue, royalty rate and pre-tax discount rate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2356em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">Useful lifetime for GI technologies is 15 years from FDA approval of the first product generation, also cor-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9856em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">responding to the budgeted period used in the impairment test.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4856em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0367em;">The sensitivity shown for revenue is the amount of decrease in headroom, when reducing the expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">revenue in all budgeted years by 5 percentage points, everything else kept equal.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7356em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0372em;">The sensitivity shown for royalty rate is the amount of decrease in headroom, when reducing the applied  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4856em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">royalty rate by 5 percentage points, everything else kept equal.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9856em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">The sensitivity shown for pre-tax discount rate is the amount of decrease in headroom, when increasing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7356em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">the applied pre-tax discount rate by 1 percentage points, everything else kept equal.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.1868em;"><span class="stl_316 stl_08 stl_74" style="word-spacing:-0.0373em;">Key assumptions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:26.1868em;"><span class="stl_316 stl_08 stl_75">Description  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7456em;"><span class="stl_46 stl_12 stl_202">Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:27.7456em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:0.2253em;">• Revenue</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.882em;top:27.7456em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">in the budgeted period is based on a combination of expected quanti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:28.4956em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">ties sold and the average selling price together with a 15 years of survival curve  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:29.2456em;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0332em;">for each technology, commencing upon first FDA approval  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.4268em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:30.4268em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:0.209em;">• Based</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.177em;top:30.4268em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">on an expected royalty rate paid to an independent third party to license  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:31.1768em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">the individual technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.3581em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">Discounted rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:32.3581em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:0.209em;">• Based</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.177em;top:32.3581em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">on 20-year government bonds  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.1081em;"><span class="stl_46 stl_12 stl_27">(pre-tax)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:33.1081em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:0.2076em;">• Equity</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.188em;top:33.1081em;"><span class="stl_46 stl_12 stl_90" style="word-spacing:-0.0052em;">risk premium: 8.1% (8.8%)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:33.8581em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:0.2253em;">• Premium</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.032em;top:33.8581em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">added to adjust for variability and associated risks of the in-market  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:34.6081em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">and pipeline products  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.6719em;top:10.4899em;"><span class="stl_316 stl_08 stl_278">Cholangio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.32em;top:10.4899em;"><span class="stl_316 stl_08 stl_116">Colon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.52em;top:10.4899em;"><span class="stl_316 stl_08 stl_558">Duodeno  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.5469em;top:10.4899em;"><span class="stl_316 stl_08 stl_577">Gastro  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0412em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Carrying amount, tested technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1894em;top:12.9699em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0557em;top:12.9699em;"><span class="stl_46 stl_12 stl_166">254  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3813em;top:12.9699em;"><span class="stl_46 stl_12 stl_138">416  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.575em;top:12.9699em;"><span class="stl_46 stl_12 stl_385">227  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8912em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0156em;">Impairment loss (-) / headroom (+)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.9982em;top:13.8912em;"><span class="stl_46 stl_12 stl_334">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9363em;top:13.8912em;"><span class="stl_46 stl_12 stl_343">-162  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.19em;top:13.8912em;"><span class="stl_46 stl_12 stl_666">-139  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.965em;top:13.8912em;"><span class="stl_46 stl_12 stl_541">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.8124em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7163em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4257em;top:14.8124em;"><span class="stl_46 stl_12 stl_171">92  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3257em;top:14.8124em;"><span class="stl_46 stl_12 stl_329">277  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5744em;top:14.8124em;"><span class="stl_46 stl_12 stl_385">227  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.2381em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">Budget period  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:17.1668em;"><span class="stl_46 stl_12 stl_217" style="word-spacing:-0.0195em;">Revenue (CAGR)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9163em;top:17.1668em;"><span class="stl_46 stl_12 stl_365">19%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2257em;top:17.1668em;"><span class="stl_46 stl_12 stl_912">61%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4063em;top:17.1668em;"><span class="stl_46 stl_12 stl_335">27%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.0881em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8875em;top:18.0881em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1544em;top:18.0881em;"><span class="stl_46 stl_12 stl_327">25%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3913em;top:18.0881em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:19.0093em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4713em;top:19.0093em;"><span class="stl_46 stl_12 stl_911">14.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6875em;top:19.0093em;"><span class="stl_46 stl_12 stl_10">11.5%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9394em;top:19.0093em;"><span class="stl_46 stl_12 stl_10">11.5%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:20.4349em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0391em;">Sensitivity analysis – impacted headroom</span><sup style="top: -0.2077em;"><span class="stl_755 stl_08 stl_845" style="word-spacing:-0.0671em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3642em;"><span class="stl_46 stl_12 stl_191">Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.5857em;top:21.3642em;"><span class="stl_46 stl_12 stl_323">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.555em;top:21.3642em;"><span class="stl_46 stl_12 stl_360">-14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8075em;top:21.3642em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:22.2854em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2507em;top:22.2854em;"><span class="stl_46 stl_12 stl_334">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4663em;top:22.2854em;"><span class="stl_46 stl_12 stl_105">-56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7025em;top:22.2854em;"><span class="stl_46 stl_12 stl_608">-80  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:23.2067em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6219em;top:23.2067em;"><span class="stl_46 stl_12 stl_366">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5507em;top:23.2067em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8075em;top:23.2067em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:25.0417em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:25.9704em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Carrying amount, tested technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.19em;top:25.9704em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1082em;top:25.9704em;"><span class="stl_46 stl_12 stl_279">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3263em;top:25.9704em;"><span class="stl_46 stl_12 stl_79">425  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5763em;top:25.9704em;"><span class="stl_46 stl_12 stl_240">232  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:26.8917em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0156em;">Impairment loss (-) / headroom (+)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0907em;top:26.8917em;"><span class="stl_46 stl_12 stl_336">135  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4038em;top:26.8917em;"><span class="stl_46 stl_12 stl_397">116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5544em;top:26.8917em;"><span class="stl_46 stl_12 stl_118">330  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:27.8129em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Carrying amount, 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.19em;top:27.8129em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1082em;top:27.8129em;"><span class="stl_46 stl_12 stl_279">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3263em;top:27.8129em;"><span class="stl_46 stl_12 stl_79">425  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5763em;top:27.8129em;"><span class="stl_46 stl_12 stl_240">232  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:29.2385em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">Budget period  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:30.1673em;"><span class="stl_46 stl_12 stl_217" style="word-spacing:-0.0195em;">Revenue (CAGR)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9157em;top:30.1673em;"><span class="stl_46 stl_12 stl_533">47%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1438em;top:30.1673em;"><span class="stl_46 stl_12 stl_212">62%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4075em;top:30.1673em;"><span class="stl_46 stl_12 stl_335">27%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:31.0885em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8888em;top:31.0885em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1557em;top:31.0885em;"><span class="stl_46 stl_12 stl_327">25%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3925em;top:31.0885em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.0098em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.3975em;top:32.0098em;"><span class="stl_46 stl_12 stl_334">15.4%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6419em;top:32.0098em;"><span class="stl_46 stl_12 stl_618">12.8%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8938em;top:32.0098em;"><span class="stl_46 stl_12 stl_618">12.8%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.4354em;"><span class="stl_316 stl_08 stl_59" style="word-spacing:-0.039em;">Sensitivity analysis – impacted headroom</span><sup style="top: -0.2074em;"><span class="stl_755 stl_08 stl_913" style="word-spacing:-0.0669em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.3649em;"><span class="stl_46 stl_12 stl_191">Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2394em;top:34.3649em;"><span class="stl_46 stl_12 stl_385">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4919em;top:34.3649em;"><span class="stl_46 stl_12 stl_240">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7169em;top:34.3649em;"><span class="stl_46 stl_12 stl_337">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2862em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0094em;top:35.2862em;"><span class="stl_46 stl_12 stl_621">-111  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2407em;top:35.2862em;"><span class="stl_46 stl_12 stl_914">-116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4319em;top:35.2862em;"><span class="stl_46 stl_12 stl_540">-150  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.2074em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2494em;top:36.2074em;"><span class="stl_46 stl_12 stl_200">-27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.49em;top:36.2074em;"><span class="stl_46 stl_12 stl_257">-31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7163em;top:36.2074em;"><span class="stl_46 stl_12 stl_64">-33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.838em;"><span class="stl_915 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:37.7995em;"><span class="stl_210 stl_12 stl_676" style="word-spacing:-0.0516em;">Sensitivity for revenue and royalty rate is based on a 5 percentage points decrease, and pre-tax discount rate is based on a 1 per-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:38.5495em;"><span class="stl_210 stl_12 stl_421" style="word-spacing:-0.0504em;">centage point increase  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5312em;"><span class="stl_316 stl_08 stl_619" 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:11.2843em;"><span class="stl_557 stl_17 stl_475" style="word-spacing:-0.0431em;">Impairment testing other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0384em;"><span class="stl_910 stl_12 stl_124" style="word-spacing:-0.0404em;">At each reporting date, the Management performs an assessment of whether internal or external indications  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7676em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0387em;">of impairment of the identified intangible assets exist. If there is any indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4968em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">test is carried out. If an indication of impairment exists, the recoverable amount of the asset is determined, i.e.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.226em;"><span class="stl_910 stl_12 stl_517" style="word-spacing:-0.0416em;">the higher of the fair value of the asset less anticipated costs of disposal and its value-in-use.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.4277em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">Development projects in progress, either acquired or internally generated, are tested for impairment mini-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.157em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.038em;">mum on an annual basis and if any indication of impairment. For completed development projects, it is con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.8862em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.039em;">tinuously assessed whether there is any indication of impairment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0879em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0395em;">Impairment tests is either carried out by calculating the value in use, by use of discounted cashflow model,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8171em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.0389em;">or by calculating the fair value, depending on the type of intangible asset. If the initial impairment test shows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5463em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0389em;">a calculated amount lower than the carrying value of the asset, both fair value and value in use is calculated,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2756em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.0381em;">and an impairment loss is recognised at the higher amount of either fair value or value in use, if both calcu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0048em;"><span class="stl_910 stl_12 stl_105" style="word-spacing:-0.04em;">lated values are below the carrying amount of the asset. The impairment assessment, and possible following  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.734em;"><span class="stl_910 stl_12 stl_114" style="word-spacing:-0.0412em;">impairment test, is carried out per individual asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.9277em;"><span class="stl_316 stl_08 stl_114" style="word-spacing:-0.0413em;">! Material accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.6808em;"><span class="stl_557 stl_17 stl_456" style="word-spacing:-0.0435em;">Impairment test of other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.4348em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0394em;">The Management assesses the risk of impairment of the Ambu Group’s intangible assets. This requires judg-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.1641em;"><span class="stl_910 stl_12 stl_60" style="word-spacing:-0.0396em;">ment in relation to the underlying assumptions of the future expected cashflow, of the individual assets, to be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.8933em;"><span class="stl_910 stl_12 stl_51" style="word-spacing:-0.0321em;">applied in the Group’s impairment model.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.095em;"><span class="stl_910 stl_12 stl_130" style="word-spacing:-0.0408em;">An impairment test is performed at least once a year for development projects in progress. The impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.8242em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0395em;">test is for each development project in progress determined on the basis of certain key assumptions, i.e. pay-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.5534em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0386em;">back time, net present value and actual development costs realised, compared to the business case.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.7551em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.0391em;">For acquired and completed development projects related to the GI technologies, the impairment test is con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.4844em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0388em;">ducted by use of the ‘relief from royalty’ method as the valuation model for determining the fair value. This is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.2136em;"><span class="stl_910 stl_12 stl_315" style="word-spacing:-0.0383em;">consistent with the valuation method applied when the technologies were acquired.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.4153em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0386em;">The fair value hierarchy, by use of the ‘relief from royalty’ method, is level 3, as unobservable inputs are used  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.1445em;"><span class="stl_910 stl_12 stl_13" style="word-spacing:-0.0373em;">to measure the fair value to the extent that relevant observable inputs are not available, which includes any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.8737em;"><span class="stl_910 stl_12 stl_13" style="word-spacing:-0.0371em;">information about market participant assumptions that is reasonably available.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:35.0754em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0388em;">The recoverable amount of each identified intangible asset, related to the GI technologies, is determined  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:35.8047em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0388em;">on the basis of certain key assumptions, i.e., expected revenue, royalty rate and discount rate, etc. The cash  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.5339em;"><span class="stl_910 stl_12 stl_319" style="word-spacing:-0.0438em;">flow projections for the individual assets, applied in the short-, mid- and long-term perspective, reflect Man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.2631em;"><span class="stl_910 stl_12 stl_105" style="word-spacing:-0.0399em;">agement’s best estimate, including Group-strategic initiatives, local initiatives, past experience and external  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.9923em;"><span class="stl_910 stl_12 stl_558" style="word-spacing:-0.0384em;">sources of information, where possible and relevant for the individual assets.  </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_224 stl_08 stl_156">3</span><span class="stl_224 stl_08 stl_893">.</span><span class="stl_224 stl_08 stl_15">1 </span><span class="stl_224 stl_08 stl_65">G</span><span class="stl_224 stl_08 stl_109">oodwill  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5769em;top:10.4899em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.78em;top:12.0487em;"><span class="stl_46 stl_12 stl_241">1,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0582em;top:12.0487em;"><span class="stl_46 stl_12 stl_110">1,623  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4663em;top:12.9699em;"><span class="stl_46 stl_12 stl_65">-38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7188em;top:12.9699em;"><span class="stl_46 stl_12 stl_116">-58  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.8837em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6188em;top:13.8837em;"><span class="stl_316 stl_08 stl_259">1,527  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8457em;top:13.8837em;"><span class="stl_316 stl_08 stl_214">1,565  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.3605em;"><span class="stl_46 stl_12 stl_497" style="word-spacing:-0.0316em;">The carrying amount of goodwill at DKK 1,527m (DKK 1,565m) stems primarily from the business combi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.1105em;"><span class="stl_46 stl_12 stl_121" 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:4.7238em;top:17.6062em;"><span class="stl_557 stl_17 stl_322" style="word-spacing:-0.0413em;">Impairment testing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.3605em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">As described in section 2.1, the Ambu Group is managed as one single unit, for which reason the Manage-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.1105em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">ment monitors goodwill as a whole, at Group level. Consequently, the impairment test is based on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.8605em;"><span class="stl_46 stl_12 stl_188" style="word-spacing:-0.0234em;">Group’s market value. The market value of Ambu A/S’s shares is based on the quoted price of DKK 131.15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.6105em;"><span class="stl_46 stl_12 stl_221" style="word-spacing:-0.0285em;">per share on Nasdaq Copenhagen at 30 September 2024 (DKK 73.86 per share at 30 September 2023).  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.3605em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0243em;">Based on this market value approximation, Ambu's equity value is DKK 34.9bn (DKK 19.9bn), which leaves  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.1105em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0301em;">DKK 29.3bn (DKK 14.5bn) in headroom to the carrying amount of equity. Therefore, the Management has  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.8605em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">concluded that the net selling price, calculated on the basis of a level 1 fair value measurement, proves  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.6105em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0337em;">that there is no indication of impairment of goodwill.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:10.478em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.2355em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.9855em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">ble net assets of the acquired company. Subsequently, goodwill is measured at cost, less accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:12.7355em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">impairment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.2355em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to bene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.9855em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0307em;">fit from the business combination; however, not to a level lower than the segment level and the level on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:15.7355em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">which goodwill is monitored, as part of the internal financial management. The Management has identi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.4855em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">fied 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:39.4482em;top:17.9855em;"><span class="stl_46 stl_12 stl_123" 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:39.4482em;top:18.7355em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:39.4482em;top:19.4855em;"><span class="stl_46 stl_12 stl_485" 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:39.4482em;top:20.2355em;"><span class="stl_46 stl_12 stl_278" 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:39.4482em;top:20.9855em;"><span class="stl_46 stl_12 stl_309" 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:39.4482em;top:22.4855em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">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:39.4482em;top:23.2355em;"><span class="stl_46 stl_12 stl_56" 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:39.4482em;top:23.9855em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">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:39.4482em;top:24.7355em;"><span class="stl_46 stl_12 stl_28" 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:39.4482em;top:10.478em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.2355em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.9855em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">ble net assets of the acquired company. Subsequently, goodwill is measured at cost, less accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:12.7355em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">impairment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.2355em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to bene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.9855em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0307em;">fit from the business combination; however, not to a level lower than the segment level and the level on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:15.7355em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">which goodwill is monitored, as part of the internal financial management. The Management has identi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.4855em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">fied 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:39.4482em;top:17.9855em;"><span class="stl_46 stl_12 stl_123" 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:39.4482em;top:18.7355em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:39.4482em;top:19.4855em;"><span class="stl_46 stl_12 stl_485" 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:39.4482em;top:20.2355em;"><span class="stl_46 stl_12 stl_278" 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:39.4482em;top:20.9855em;"><span class="stl_46 stl_12 stl_309" 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:39.4482em;top:22.4855em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">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:39.4482em;top:23.2355em;"><span class="stl_46 stl_12 stl_56" 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:39.4482em;top:23.9855em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">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:39.4482em;top:24.7355em;"><span class="stl_46 stl_12 stl_28" 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:51.0188em;top:9.965em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:10.7225em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Acquired technologies, trademarks and customer relations, pri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:11.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">marily comprising identified technologies, are recognised at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.2225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">value on the time of acquisition in connection with a business com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.9725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">bination. Any other intangible asset is recognised at cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:14.4725em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">Development and IT projects are recognised as intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.2225em;"><span class="stl_46 stl_12 stl_453" style="word-spacing:-0.0425em;">if they meet certain criteria. These projects must be clearly defined  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.9725em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">and identifiable, with proven technical feasibility and sufficient  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:16.7225em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">resources available for completion. Additionally, there should be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:17.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">a potential market or scope for the project, and the Group must  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.2225em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0403em;">intend to produce, market or use the project. The directly attrib-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.9725em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">utable cost should be reliably measurable, and there must be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:19.7225em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0361em;">certainty that future earnings or the net selling price will cover all  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:20.4725em;"><span class="stl_46 stl_12 stl_112">costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:21.965em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0418em;">Useful lifetime and residual value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:22.7225em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">Intangible assets, excl. goodwill, are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:23.4725em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">straight-line method over the expected useful lifetime of the indi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.2225em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0383em;">vidual asset. The residual value for all intangible assets is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.9725em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0367em;">as zero. The amortisation of the intangible asset commences upon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:25.7225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">completion of the project or when the asset is ready for use. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:26.4725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">basis of amortisation is reduced by impairment losses, if any. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.2225em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">useful life of the asset may subsequently be changed if the original  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.9725em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">assumptions, on which the useful life and any residual value are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:28.7225em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0322em;">based, have changed significantly.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:30.2225em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">The expected useful lifetime of intangible assets are as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:31.7225em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Acquired technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8769em;top:31.7225em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_187" style="word-spacing:-0.0152em;">15 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:32.4725em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8713em;top:32.4725em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_280" style="word-spacing:-0.0188em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.2225em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Distribution rights, patents and licenses etc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8213em;top:33.2225em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0311em;">5-20 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.9725em;"><span class="stl_46 stl_12 stl_676" style="word-spacing:-0.0528em;">IT software projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.1682em;top:33.9725em;"><span class="stl_46 stl_12 stl_351" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5312em;"><span class="stl_316 stl_08 stl_619" 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:11.2843em;"><span class="stl_557 stl_17 stl_475" style="word-spacing:-0.0431em;">Impairment testing other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0384em;"><span class="stl_910 stl_12 stl_124" style="word-spacing:-0.0404em;">At each reporting date, the Management performs an assessment of whether internal or external indications  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7676em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0387em;">of impairment of the identified intangible assets exist. If there is any indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4968em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">test is carried out. If an indication of impairment exists, the recoverable amount of the asset is determined, i.e.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.226em;"><span class="stl_910 stl_12 stl_517" style="word-spacing:-0.0416em;">the higher of the fair value of the asset less anticipated costs of disposal and its value-in-use.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.4277em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">Development projects in progress, either acquired or internally generated, are tested for impairment mini-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.157em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.038em;">mum on an annual basis and if any indication of impairment. For completed development projects, it is con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.8862em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.039em;">tinuously assessed whether there is any indication of impairment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0879em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0395em;">Impairment tests is either carried out by calculating the value in use, by use of discounted cashflow model,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8171em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.0389em;">or by calculating the fair value, depending on the type of intangible asset. If the initial impairment test shows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5463em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0389em;">a calculated amount lower than the carrying value of the asset, both fair value and value in use is calculated,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2756em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.0381em;">and an impairment loss is recognised at the higher amount of either fair value or value in use, if both calcu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0048em;"><span class="stl_910 stl_12 stl_105" style="word-spacing:-0.04em;">lated values are below the carrying amount of the asset. The impairment assessment, and possible following  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.734em;"><span class="stl_910 stl_12 stl_114" style="word-spacing:-0.0412em;">impairment test, is carried out per individual asset.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:10.478em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.2355em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.9855em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">ble net assets of the acquired company. Subsequently, goodwill is measured at cost, less accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:12.7355em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">impairment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.2355em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to bene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.9855em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0307em;">fit from the business combination; however, not to a level lower than the segment level and the level on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:15.7355em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">which goodwill is monitored, as part of the internal financial management. The Management has identi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.4855em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">fied 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:39.4482em;top:17.9855em;"><span class="stl_46 stl_12 stl_123" 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:39.4482em;top:18.7355em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:39.4482em;top:19.4855em;"><span class="stl_46 stl_12 stl_485" 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:39.4482em;top:20.2355em;"><span class="stl_46 stl_12 stl_278" 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:39.4482em;top:20.9855em;"><span class="stl_46 stl_12 stl_309" 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:39.4482em;top:22.4855em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">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:39.4482em;top:23.2355em;"><span class="stl_46 stl_12 stl_56" 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:39.4482em;top:23.9855em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">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:39.4482em;top:24.7355em;"><span class="stl_46 stl_12 stl_28" 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:39.4482em;top:10.478em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.2355em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.9855em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">ble net assets of the acquired company. Subsequently, goodwill is measured at cost, less accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:12.7355em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">impairment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.2355em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to bene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.9855em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0307em;">fit from the business combination; however, not to a level lower than the segment level and the level on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:15.7355em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">which goodwill is monitored, as part of the internal financial management. The Management has identi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.4855em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">fied 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:39.4482em;top:17.9855em;"><span class="stl_46 stl_12 stl_123" 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:39.4482em;top:18.7355em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:39.4482em;top:19.4855em;"><span class="stl_46 stl_12 stl_485" 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:39.4482em;top:20.2355em;"><span class="stl_46 stl_12 stl_278" 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:39.4482em;top:20.9855em;"><span class="stl_46 stl_12 stl_309" 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:39.4482em;top:22.4855em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">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:39.4482em;top:23.2355em;"><span class="stl_46 stl_12 stl_56" 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:39.4482em;top:23.9855em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">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:39.4482em;top:24.7355em;"><span class="stl_46 stl_12 stl_28" 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:39.4482em;top:10.478em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.2355em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.9855em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">ble net assets of the acquired company. Subsequently, goodwill is measured at cost, less accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:12.7355em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">impairment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.2355em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to bene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.9855em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0307em;">fit from the business combination; however, not to a level lower than the segment level and the level on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:15.7355em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">which goodwill is monitored, as part of the internal financial management. The Management has identi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.4855em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">fied 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:39.4482em;top:17.9855em;"><span class="stl_46 stl_12 stl_123" 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:39.4482em;top:18.7355em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:39.4482em;top:19.4855em;"><span class="stl_46 stl_12 stl_485" 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:39.4482em;top:20.2355em;"><span class="stl_46 stl_12 stl_278" 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:39.4482em;top:20.9855em;"><span class="stl_46 stl_12 stl_309" 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:39.4482em;top:22.4855em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">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:39.4482em;top:23.2355em;"><span class="stl_46 stl_12 stl_56" 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:39.4482em;top:23.9855em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">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:39.4482em;top:24.7355em;"><span class="stl_46 stl_12 stl_28" 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:39.4482em;top:10.478em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.2355em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">On recognition, goodwill represents the excess cost of an acquisition over the fair value of the identifia-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:11.9855em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">ble net assets of the acquired company. Subsequently, goodwill is measured at cost, less accumulated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:12.7355em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0401em;">impairment losses. Goodwill is not amortised.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.2355em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">At the time of acquisition, goodwill is attributed to the cash-generating units, which are expected to bene-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.9855em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0307em;">fit from the business combination; however, not to a level lower than the segment level and the level on  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:15.7355em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">which goodwill is monitored, as part of the internal financial management. The Management has identi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.4855em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">fied 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:39.4482em;top:17.9855em;"><span class="stl_46 stl_12 stl_123" 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:39.4482em;top:18.7355em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">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:39.4482em;top:19.4855em;"><span class="stl_46 stl_12 stl_485" 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:39.4482em;top:20.2355em;"><span class="stl_46 stl_12 stl_278" 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:39.4482em;top:20.9855em;"><span class="stl_46 stl_12 stl_309" 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:39.4482em;top:22.4855em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">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:39.4482em;top:23.2355em;"><span class="stl_46 stl_12 stl_56" 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:39.4482em;top:23.9855em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">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:39.4482em;top:24.7355em;"><span class="stl_46 stl_12 stl_28" 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:51.0188em;top:9.965em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:10.7225em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Acquired technologies, trademarks and customer relations, pri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:11.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">marily comprising identified technologies, are recognised at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.2225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">value on the time of acquisition in connection with a business com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.9725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">bination. Any other intangible asset is recognised at cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:14.4725em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">Development and IT projects are recognised as intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.2225em;"><span class="stl_46 stl_12 stl_453" style="word-spacing:-0.0425em;">if they meet certain criteria. These projects must be clearly defined  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.9725em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">and identifiable, with proven technical feasibility and sufficient  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:16.7225em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">resources available for completion. Additionally, there should be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:17.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">a potential market or scope for the project, and the Group must  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.2225em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0403em;">intend to produce, market or use the project. The directly attrib-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.9725em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">utable cost should be reliably measurable, and there must be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:19.7225em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0361em;">certainty that future earnings or the net selling price will cover all  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:20.4725em;"><span class="stl_46 stl_12 stl_112">costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:21.965em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0418em;">Useful lifetime and residual value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:22.7225em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">Intangible assets, excl. goodwill, are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:23.4725em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">straight-line method over the expected useful lifetime of the indi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.2225em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0383em;">vidual asset. The residual value for all intangible assets is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.9725em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0367em;">as zero. The amortisation of the intangible asset commences upon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:25.7225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">completion of the project or when the asset is ready for use. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:26.4725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">basis of amortisation is reduced by impairment losses, if any. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.2225em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">useful life of the asset may subsequently be changed if the original  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.9725em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">assumptions, on which the useful life and any residual value are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:28.7225em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0322em;">based, have changed significantly.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:30.2225em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">The expected useful lifetime of intangible assets are as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:31.7225em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Acquired technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8769em;top:31.7225em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_187" style="word-spacing:-0.0152em;">15 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:32.4725em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8713em;top:32.4725em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_280" style="word-spacing:-0.0188em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.2225em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Distribution rights, patents and licenses etc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8213em;top:33.2225em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0311em;">5-20 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.9725em;"><span class="stl_46 stl_12 stl_676" style="word-spacing:-0.0528em;">IT software projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.1682em;top:33.9725em;"><span class="stl_46 stl_12 stl_351" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5312em;"><span class="stl_316 stl_08 stl_619" 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:11.2843em;"><span class="stl_557 stl_17 stl_475" style="word-spacing:-0.0431em;">Impairment testing other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0384em;"><span class="stl_910 stl_12 stl_124" style="word-spacing:-0.0404em;">At each reporting date, the Management performs an assessment of whether internal or external indications  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7676em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0387em;">of impairment of the identified intangible assets exist. If there is any indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4968em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">test is carried out. If an indication of impairment exists, the recoverable amount of the asset is determined, i.e.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.226em;"><span class="stl_910 stl_12 stl_517" style="word-spacing:-0.0416em;">the higher of the fair value of the asset less anticipated costs of disposal and its value-in-use.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.4277em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">Development projects in progress, either acquired or internally generated, are tested for impairment mini-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.157em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.038em;">mum on an annual basis and if any indication of impairment. For completed development projects, it is con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.8862em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.039em;">tinuously assessed whether there is any indication of impairment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0879em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0395em;">Impairment tests is either carried out by calculating the value in use, by use of discounted cashflow model,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8171em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.0389em;">or by calculating the fair value, depending on the type of intangible asset. If the initial impairment test shows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5463em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0389em;">a calculated amount lower than the carrying value of the asset, both fair value and value in use is calculated,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2756em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.0381em;">and an impairment loss is recognised at the higher amount of either fair value or value in use, if both calcu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0048em;"><span class="stl_910 stl_12 stl_105" style="word-spacing:-0.04em;">lated values are below the carrying amount of the asset. The impairment assessment, and possible following  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.734em;"><span class="stl_910 stl_12 stl_114" style="word-spacing:-0.0412em;">impairment test, is carried out per individual asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:10.4781em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.2356em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0333em;">Land and buildings, plant and machinery, as well as other plant, fix-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.9856em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">tures and fittings, tools and equipment are measured at cost, less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:12.7356em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">accumulated depreciation and impairment losses. Cost comprises  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:13.4856em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0394em;">the acquisition price and any costs directly attributable to the acqui-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.2356em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">sition until the date when the asset is ready for use. The cost of a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">total asset is divided into separate elements which are depreciated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:15.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">individually when the useful lives of the individual elements differ.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">The basis of depreciation is calculated in consideration of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.9856em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">residual value of the asset and is reduced by impairment losses,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:18.7356em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">if any. The residual value is fixed at the date of acquisition and is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:19.4856em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">subject to annual review. When the residual value exceeds the car-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.2356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">rying amount of the asset, depreciation will no longer take place. In  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">connection with changes in the depreciation period or the residual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:21.7356em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">value, the effect of depreciation is recognised in the future as a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:22.4856em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">change in the accounting estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:23.9856em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0397em;">The carrying amount of property, plant and equipment is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:24.7356em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">on an annual basis to establish whether there is any indication of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:25.4856em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">impairment. When such indication exists, an impairment test is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.2356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">performed. An impairment loss is recognised when the carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.9856em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">amount of an asset exceeds the recoverable amount of the asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:28.4856em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Property, plant and equipment are depreciated according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.2356em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0389em;">straight-line method over the expected useful lives of the assets/  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.9856em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">components as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:31.4856em;"><span class="stl_46 stl_12 stl_51">Buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.9361em;top:31.4856em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">10-40 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.2356em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Building installations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.9405em;top:32.2356em;"><span class="stl_46 stl_12 stl_231" style="word-spacing:-0.018em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.9856em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4268em;top:32.9856em;"><span class="stl_46 stl_12 stl_388" style="word-spacing:0.0086em;">2-10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:33.7356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">Other fixtures and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.6849em;top:33.7356em;"><span class="stl_46 stl_12 stl_351" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:35.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">Land is not depreciated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:36.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">Depreciation is recognised in the income statement under produc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:37.4856em;"><span class="stl_46 stl_12 stl_189" style="word-spacing:-0.041em;">tion costs, selling and distribution costs, development costs or man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:38.2356em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0343em;">agement 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:9.2256em;"><span class="stl_224 stl_08 stl_34" 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:24.9875em;top:10.0175em;"><span class="stl_316 stl_08 stl_94">Acquired  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.5682em;top:10.7675em;"><span class="stl_316 stl_08 stl_28">technologies,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.2613em;top:10.7675em;"><span class="stl_316 stl_08 stl_497">Development  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.2163em;top:11.5175em;"><span class="stl_316 stl_08 stl_465">trademarks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3319em;top:11.5175em;"><span class="stl_316 stl_08 stl_321">Completed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.5775em;top:11.5175em;"><span class="stl_316 stl_08 stl_472" style="word-spacing:-0.0476em;">projects and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.9819em;top:12.2675em;"><span class="stl_316 stl_08 stl_107" style="word-spacing:-0.052em;">and cust.</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.649em;top:12.2675em;"><span class="stl_316 stl_08 stl_497">development  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0425em;top:12.2675em;"><span class="stl_316 stl_08 stl_291" style="word-spacing:-0.0324em;">Other, incl.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.6588em;top:12.2675em;"><span class="stl_316 stl_08 stl_547" style="word-spacing:-0.0509em;">other assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.025em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.0775em;top:13.0175em;"><span class="stl_316 stl_08 stl_453">relations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2382em;top:13.0175em;"><span class="stl_316 stl_08 stl_255">projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0025em;top:13.0175em;"><span class="stl_316 stl_08 stl_707" style="word-spacing:-0.0577em;">IT software  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.9457em;top:13.0175em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6975em;top:13.0175em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:14.545em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.4269em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7669em;top:15.4269em;"><span class="stl_46 stl_12 stl_266">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2282em;top:15.4269em;"><span class="stl_46 stl_12 stl_53">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4682em;top:15.4269em;"><span class="stl_46 stl_12 stl_110">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.3788em;top:15.4269em;"><span class="stl_46 stl_12 stl_627">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6869em;top:15.4269em;"><span class="stl_46 stl_12 stl_770">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.3012em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2825em;top:16.3012em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.4694em;top:16.3012em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3625em;top:16.3012em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.9919em;top:16.3012em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6525em;top:16.3012em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.1756em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6775em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6382em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3625em;top:17.1756em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.4319em;top:17.1756em;"><span class="stl_46 stl_12 stl_364">201  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.1563em;top:17.1756em;"><span class="stl_46 stl_12 stl_364">201  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.05em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6769em;top:18.05em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7563em;top:18.05em;"><span class="stl_46 stl_12 stl_859">269  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8269em;top:18.05em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2369em;top:18.05em;"><span class="stl_46 stl_12 stl_53">-294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.0469em;top:18.05em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.9169em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.645em;top:18.9169em;"><span class="stl_316 stl_08 stl_166">923  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0763em;top:18.9169em;"><span class="stl_316 stl_08 stl_376">1,762  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3344em;top:18.9169em;"><span class="stl_316 stl_08 stl_102">282  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2888em;top:18.9169em;"><span class="stl_316 stl_08 stl_55">350  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4519em;top:18.9169em;"><span class="stl_316 stl_08 stl_334">3,317  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:20.2631em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0405em;">Amortisation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.58em;top:20.2631em;"><span class="stl_46 stl_12 stl_258">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.4838em;top:20.2631em;"><span class="stl_46 stl_12 stl_899">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3138em;top:20.2631em;"><span class="stl_46 stl_12 stl_760">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3219em;top:20.2631em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.5182em;top:20.2631em;"><span class="stl_46 stl_12 stl_900">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:21.1375em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.5069em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.0006em;top:21.1375em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.8769em;top:21.1375em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:22.0119em;"><span class="stl_46 stl_12 stl_619" 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:26.5738em;top:22.0119em;"><span class="stl_46 stl_12 stl_243">-206  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6175em;top:22.0119em;"><span class="stl_46 stl_12 stl_354">-121  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3607em;top:22.0119em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:22.0119em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9432em;top:22.0119em;"><span class="stl_46 stl_12 stl_89">-327  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:22.8862em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9563em;top:22.8862em;"><span class="stl_46 stl_12 stl_370">-</span><span class="stl_46 stl_12 stl_397">6</span><span class="stl_46 stl_12 stl_397">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6075em;top:22.8862em;"><span class="stl_46 stl_12 stl_781">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6313em;top:22.8862em;"><span class="stl_46 stl_12 stl_385">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:22.8862em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9913em;top:22.8862em;"><span class="stl_46 stl_12 stl_624">-215  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:23.7531em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0419em;">Amortisation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4375em;top:23.7531em;"><span class="stl_316 stl_08 stl_246">-547  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3957em;top:23.7531em;"><span class="stl_316 stl_08 stl_169">-857  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1607em;top:23.7531em;"><span class="stl_316 stl_08 stl_284">-210  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3125em;top:23.7531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3313em;top:23.7531em;"><span class="stl_316 stl_08 stl_172">-1,614  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:24.6275em;"><span class="stl_316 stl_08 stl_318" style="word-spacing:-0.0422em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6938em;top:24.6275em;"><span class="stl_316 stl_08 stl_366">376  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6007em;top:24.6275em;"><span class="stl_316 stl_08 stl_109">905  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.7507em;top:24.6275em;"><span class="stl_316 stl_08 stl_57">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2882em;top:24.6275em;"><span class="stl_316 stl_08 stl_55">350  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4532em;top:24.6275em;"><span class="stl_316 stl_08 stl_901">1,703  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:26.3756em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:27.2575em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7625em;top:27.2575em;"><span class="stl_46 stl_12 stl_166">944  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2125em;top:27.2575em;"><span class="stl_46 stl_12 stl_526">1,260  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4907em;top:27.2575em;"><span class="stl_46 stl_12 stl_339">198  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.3913em;top:27.2575em;"><span class="stl_46 stl_12 stl_349">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.5813em;top:27.2575em;"><span class="stl_46 stl_12 stl_310">2,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:28.1318em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.005em;top:28.1318em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.3607em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:28.1318em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.375em;top:28.1318em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:29.0062em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6757em;top:29.0062em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6363em;top:29.0062em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8563em;top:29.0062em;"><span class="stl_46 stl_12 stl_138">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.4388em;top:29.0062em;"><span class="stl_46 stl_12 stl_352">242  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.1363em;top:29.0062em;"><span class="stl_46 stl_12 stl_251">255  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:29.8806em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6757em;top:29.8806em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.305em;top:29.8806em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.0007em;top:29.8806em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3213em;top:29.8806em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6644em;top:29.8806em;"><span class="stl_46 stl_12 stl_107">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:30.755em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.675em;top:30.755em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7244em;top:30.755em;"><span class="stl_46 stl_12 stl_169">233  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.8113em;top:30.755em;"><span class="stl_46 stl_12 stl_405">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2463em;top:30.755em;"><span class="stl_46 stl_12 stl_437">-281  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.045em;top:30.755em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:31.6218em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6463em;top:31.6218em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0194em;top:31.6218em;"><span class="stl_316 stl_08 stl_15">1,492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3513em;top:31.6218em;"><span class="stl_316 stl_08 stl_49">257  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2657em;top:31.6218em;"><span class="stl_316 stl_08 stl_323">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4844em;top:31.6218em;"><span class="stl_316 stl_08 stl_902">3,122  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:32.9681em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0405em;">Amortisation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6175em;top:32.9681em;"><span class="stl_46 stl_12 stl_904">-251  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5213em;top:32.9681em;"><span class="stl_46 stl_12 stl_169">-496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3325em;top:32.9681em;"><span class="stl_46 stl_12 stl_786">-142  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:32.9681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9069em;top:32.9681em;"><span class="stl_46 stl_12 stl_362">-889  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:33.8425em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.1738em;top:33.8425em;"><span class="stl_46 stl_12 stl_71">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.6357em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.36em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3207em;top:33.8425em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5438em;top:33.8425em;"><span class="stl_46 stl_12 stl_71">12  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:34.7168em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6744em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.4663em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.1907em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.8757em;top:34.7168em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:35.5912em;"><span class="stl_46 stl_12 stl_619" 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:27.6744em;top:35.5912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.275em;top:35.5912em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6932em;top:35.5912em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.32em;top:35.5912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3725em;top:35.5912em;"><span class="stl_46 stl_12 stl_138">-18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:36.4656em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Amortisation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9288em;top:36.4656em;"><span class="stl_46 stl_12 stl_156">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6013em;top:36.4656em;"><span class="stl_46 stl_12 stl_907">-107  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6025em;top:36.4656em;"><span class="stl_46 stl_12 stl_337">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3194em;top:36.4656em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.99em;top:36.4656em;"><span class="stl_46 stl_12 stl_908">-184  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:37.3325em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0419em;">Amortisation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4394em;top:37.3325em;"><span class="stl_316 stl_08 stl_62">-286  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3607em;top:37.3325em;"><span class="stl_316 stl_08 stl_112">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1888em;top:37.3325em;"><span class="stl_316 stl_08 stl_906">-186  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3107em;top:37.3325em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3082em;top:37.3325em;"><span class="stl_316 stl_08 stl_909">-1,076  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.72em;top:38.2068em;"><span class="stl_316 stl_08 stl_318" style="word-spacing:-0.0422em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6225em;top:38.2068em;"><span class="stl_316 stl_08 stl_112">643  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6025em;top:38.2068em;"><span class="stl_316 stl_08 stl_156">888  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.7519em;top:38.2068em;"><span class="stl_316 stl_08 stl_301">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2644em;top:38.2068em;"><span class="stl_316 stl_08 stl_323">444  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.3788em;top:38.2068em;"><span class="stl_316 stl_08 stl_59">2,046  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:9.965em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:10.7225em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Acquired technologies, trademarks and customer relations, pri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:11.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">marily comprising identified technologies, are recognised at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.2225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">value on the time of acquisition in connection with a business com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.9725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">bination. Any other intangible asset is recognised at cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:14.4725em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">Development and IT projects are recognised as intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.2225em;"><span class="stl_46 stl_12 stl_453" style="word-spacing:-0.0425em;">if they meet certain criteria. These projects must be clearly defined  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.9725em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">and identifiable, with proven technical feasibility and sufficient  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:16.7225em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">resources available for completion. Additionally, there should be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:17.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">a potential market or scope for the project, and the Group must  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.2225em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0403em;">intend to produce, market or use the project. The directly attrib-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.9725em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">utable cost should be reliably measurable, and there must be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:19.7225em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0361em;">certainty that future earnings or the net selling price will cover all  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:20.4725em;"><span class="stl_46 stl_12 stl_112">costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:21.965em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0418em;">Useful lifetime and residual value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:22.7225em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">Intangible assets, excl. goodwill, are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:23.4725em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">straight-line method over the expected useful lifetime of the indi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.2225em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0383em;">vidual asset. The residual value for all intangible assets is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.9725em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0367em;">as zero. The amortisation of the intangible asset commences upon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:25.7225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">completion of the project or when the asset is ready for use. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:26.4725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">basis of amortisation is reduced by impairment losses, if any. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.2225em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">useful life of the asset may subsequently be changed if the original  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.9725em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">assumptions, on which the useful life and any residual value are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:28.7225em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0322em;">based, have changed significantly.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:30.2225em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">The expected useful lifetime of intangible assets are as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:31.7225em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Acquired technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8769em;top:31.7225em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_187" style="word-spacing:-0.0152em;">15 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:32.4725em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8713em;top:32.4725em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_280" style="word-spacing:-0.0188em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.2225em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Distribution rights, patents and licenses etc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8213em;top:33.2225em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0311em;">5-20 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.9725em;"><span class="stl_46 stl_12 stl_676" style="word-spacing:-0.0528em;">IT software projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.1682em;top:33.9725em;"><span class="stl_46 stl_12 stl_351" 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:10.5312em;"><span class="stl_316 stl_08 stl_361" style="word-spacing:-0.0423em;">Result of impairment test other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">In 2023/24, a strategic review across our GI endoscopy business was conducted. This resulted in revised  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">assumptions, based on the longer time required to penetrate the market, resulting in a re-evaluation of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">our short-term potential for GI. Despite this revision, we remain dedicated to solving unmet customer  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">needs within GI, unlocking potential on the mid to long term, by applying a focused approach in the years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2887em;"><span class="stl_46 stl_12 stl_171" style="word-spacing:-0.028em;">to come.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">The technologies 'Colonoscopy' and 'Duodenoscopy' have been written down to their respective recover-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">able amount as a result of the strategic review performed across the GI endoscopy business, resulting in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">revised assumptions, based on the longer time required to penetrate this market.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7887em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">The recoverable amount is determined as the highest of fair value and value in use in accordance with  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5387em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0335em;">Ambu’s accounting policies. The recoverable amount has been calculated on basis of the estimated fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;z-index:1149;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">value by use of the ‘relief from royalty’ method, except for the internal development project ‘Cholangio’,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">where project plans have been put on hold as a consequence of the strategic review.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0355em;">The total DKK 327m impairment loss on intangible assets has been charged to special items, as described  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">in note 2.6. Hereafter, the total carrying amount, as of 30 September 2024, for the GI technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.0387em;"><span class="stl_46 stl_12 stl_221" style="word-spacing:-0.0283em;">amounts to DKK 596m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.5387em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">In 2022/23, an impairment loss of DKK 2m on in-progress development projects was recognised, due to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.2887em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">ceased development plans, and an impairment loss of DKK 16m on intangible rights related to production  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.0387em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">was recognised, due to rights not expected to be used.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.4812em;"><span class="stl_557 stl_17 stl_430" 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:11.2356em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0393em;">The sensitivity analysis assesses the impact of changes in key assumptions of the impairment test results.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7356em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">The ‘relief from royalty’ method estimates the discounted value of an intangible asset determined on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4856em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">expected royalty payments to an independent third party to be saved by owning the respective asset  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2356em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">instead of licensing it. When applying the ‘relief from royalty’ method in the impairment test for the GI  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.9856em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0357em;">technologies, the fair value is measured over the useful lifetime of the individual assets and applying the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7356em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0349em;">main key assumptions as revenue, royalty rate and pre-tax discount rate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.2356em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">Useful lifetime for GI technologies is 15 years from FDA approval of the first product generation, also cor-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.9856em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">responding to the budgeted period used in the impairment test.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.4856em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0367em;">The sensitivity shown for revenue is the amount of decrease in headroom, when reducing the expected  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">revenue in all budgeted years by 5 percentage points, everything else kept equal.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.7356em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0372em;">The sensitivity shown for royalty rate is the amount of decrease in headroom, when reducing the applied  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.4856em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">royalty rate by 5 percentage points, everything else kept equal.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.9856em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">The sensitivity shown for pre-tax discount rate is the amount of decrease in headroom, when increasing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.7356em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">the applied pre-tax discount rate by 1 percentage points, everything else kept equal.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:26.1868em;"><span class="stl_316 stl_08 stl_74" style="word-spacing:-0.0373em;">Key assumptions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:26.1868em;"><span class="stl_316 stl_08 stl_75">Description  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.7456em;"><span class="stl_46 stl_12 stl_202">Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:27.7456em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:0.2253em;">• Revenue</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.882em;top:27.7456em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">in the budgeted period is based on a combination of expected quanti-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:28.4956em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">ties sold and the average selling price together with a 15 years of survival curve  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:29.2456em;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0332em;">for each technology, commencing upon first FDA approval  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.4268em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:30.4268em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:0.209em;">• Based</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.177em;top:30.4268em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">on an expected royalty rate paid to an independent third party to license  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:31.1768em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">the individual technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.3581em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">Discounted rates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:32.3581em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:0.209em;">• Based</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.177em;top:32.3581em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">on 20-year government bonds  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.1081em;"><span class="stl_46 stl_12 stl_27">(pre-tax)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:33.1081em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:0.2076em;">• Equity</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.188em;top:33.1081em;"><span class="stl_46 stl_12 stl_90" style="word-spacing:-0.0052em;">risk premium: 8.1% (8.8%)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5357em;top:33.8581em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:0.2253em;">• Premium</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.032em;top:33.8581em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">added to adjust for variability and associated risks of the in-market  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.1607em;top:34.6081em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">and pipeline products  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.6719em;top:10.4899em;"><span class="stl_316 stl_08 stl_278">Cholangio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.32em;top:10.4899em;"><span class="stl_316 stl_08 stl_116">Colon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.52em;top:10.4899em;"><span class="stl_316 stl_08 stl_558">Duodeno  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.5469em;top:10.4899em;"><span class="stl_316 stl_08 stl_577">Gastro  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0412em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Carrying amount, tested technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1894em;top:12.9699em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0557em;top:12.9699em;"><span class="stl_46 stl_12 stl_166">254  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3813em;top:12.9699em;"><span class="stl_46 stl_12 stl_138">416  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.575em;top:12.9699em;"><span class="stl_46 stl_12 stl_385">227  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8912em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0156em;">Impairment loss (-) / headroom (+)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.9982em;top:13.8912em;"><span class="stl_46 stl_12 stl_334">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9363em;top:13.8912em;"><span class="stl_46 stl_12 stl_343">-162  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.19em;top:13.8912em;"><span class="stl_46 stl_12 stl_666">-139  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.965em;top:13.8912em;"><span class="stl_46 stl_12 stl_541">67  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.8124em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7163em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4257em;top:14.8124em;"><span class="stl_46 stl_12 stl_171">92  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3257em;top:14.8124em;"><span class="stl_46 stl_12 stl_329">277  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5744em;top:14.8124em;"><span class="stl_46 stl_12 stl_385">227  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.2381em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">Budget period  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:17.1668em;"><span class="stl_46 stl_12 stl_217" style="word-spacing:-0.0195em;">Revenue (CAGR)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9163em;top:17.1668em;"><span class="stl_46 stl_12 stl_365">19%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2257em;top:17.1668em;"><span class="stl_46 stl_12 stl_912">61%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4063em;top:17.1668em;"><span class="stl_46 stl_12 stl_335">27%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.0881em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8875em;top:18.0881em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1544em;top:18.0881em;"><span class="stl_46 stl_12 stl_327">25%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3913em;top:18.0881em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:19.0093em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4713em;top:19.0093em;"><span class="stl_46 stl_12 stl_911">14.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6875em;top:19.0093em;"><span class="stl_46 stl_12 stl_10">11.5%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9394em;top:19.0093em;"><span class="stl_46 stl_12 stl_10">11.5%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:20.4349em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0391em;">Sensitivity analysis – impacted headroom</span><sup style="top: -0.2077em;"><span class="stl_755 stl_08 stl_845" style="word-spacing:-0.0671em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.3642em;"><span class="stl_46 stl_12 stl_191">Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.5857em;top:21.3642em;"><span class="stl_46 stl_12 stl_323">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.555em;top:21.3642em;"><span class="stl_46 stl_12 stl_360">-14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8075em;top:21.3642em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:22.2854em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2507em;top:22.2854em;"><span class="stl_46 stl_12 stl_334">-26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4663em;top:22.2854em;"><span class="stl_46 stl_12 stl_105">-56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7025em;top:22.2854em;"><span class="stl_46 stl_12 stl_608">-80  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:23.2067em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.6219em;top:23.2067em;"><span class="stl_46 stl_12 stl_366">-7  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5507em;top:23.2067em;"><span class="stl_46 stl_12 stl_363">-15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8075em;top:23.2067em;"><span class="stl_46 stl_12 stl_905">-16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:25.0417em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:25.9704em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Carrying amount, tested technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.19em;top:25.9704em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1082em;top:25.9704em;"><span class="stl_46 stl_12 stl_279">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3263em;top:25.9704em;"><span class="stl_46 stl_12 stl_79">425  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5763em;top:25.9704em;"><span class="stl_46 stl_12 stl_240">232  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:26.8917em;"><span class="stl_46 stl_12 stl_238" style="word-spacing:-0.0156em;">Impairment loss (-) / headroom (+)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0907em;top:26.8917em;"><span class="stl_46 stl_12 stl_336">135  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4038em;top:26.8917em;"><span class="stl_46 stl_12 stl_397">116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5544em;top:26.8917em;"><span class="stl_46 stl_12 stl_118">330  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:27.8129em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Carrying amount, 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.19em;top:27.8129em;"><span class="stl_46 stl_12 stl_58">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1082em;top:27.8129em;"><span class="stl_46 stl_12 stl_279">276  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3263em;top:27.8129em;"><span class="stl_46 stl_12 stl_79">425  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5763em;top:27.8129em;"><span class="stl_46 stl_12 stl_240">232  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:29.2385em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">Budget period  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:30.1673em;"><span class="stl_46 stl_12 stl_217" style="word-spacing:-0.0195em;">Revenue (CAGR)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9157em;top:30.1673em;"><span class="stl_46 stl_12 stl_533">47%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1438em;top:30.1673em;"><span class="stl_46 stl_12 stl_212">62%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4075em;top:30.1673em;"><span class="stl_46 stl_12 stl_335">27%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:31.0885em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8888em;top:31.0885em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1557em;top:31.0885em;"><span class="stl_46 stl_12 stl_327">25%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3925em;top:31.0885em;"><span class="stl_46 stl_12 stl_169">20%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:32.0098em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.3975em;top:32.0098em;"><span class="stl_46 stl_12 stl_334">15.4%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6419em;top:32.0098em;"><span class="stl_46 stl_12 stl_618">12.8%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8938em;top:32.0098em;"><span class="stl_46 stl_12 stl_618">12.8%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:33.4354em;"><span class="stl_316 stl_08 stl_59" style="word-spacing:-0.039em;">Sensitivity analysis – impacted headroom</span><sup style="top: -0.2074em;"><span class="stl_755 stl_08 stl_913" style="word-spacing:-0.0669em;">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:34.3649em;"><span class="stl_46 stl_12 stl_191">Revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2394em;top:34.3649em;"><span class="stl_46 stl_12 stl_385">-22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4919em;top:34.3649em;"><span class="stl_46 stl_12 stl_240">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7169em;top:34.3649em;"><span class="stl_46 stl_12 stl_337">-30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:35.2862em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0418em;">Royalty rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0094em;top:35.2862em;"><span class="stl_46 stl_12 stl_621">-111  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2407em;top:35.2862em;"><span class="stl_46 stl_12 stl_914">-116  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4319em;top:35.2862em;"><span class="stl_46 stl_12 stl_540">-150  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.2074em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">Pre-tax discount rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2494em;top:36.2074em;"><span class="stl_46 stl_12 stl_200">-27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.49em;top:36.2074em;"><span class="stl_46 stl_12 stl_257">-31  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7163em;top:36.2074em;"><span class="stl_46 stl_12 stl_64">-33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:37.838em;"><span class="stl_915 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:37.7995em;"><span class="stl_210 stl_12 stl_676" style="word-spacing:-0.0516em;">Sensitivity for revenue and royalty rate is based on a 5 percentage points decrease, and pre-tax discount rate is based on a 1 per-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1446em;top:38.5495em;"><span class="stl_210 stl_12 stl_421" style="word-spacing:-0.0504em;">centage point increase  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5312em;"><span class="stl_316 stl_08 stl_619" 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:11.2843em;"><span class="stl_557 stl_17 stl_475" style="word-spacing:-0.0431em;">Impairment testing other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0384em;"><span class="stl_910 stl_12 stl_124" style="word-spacing:-0.0404em;">At each reporting date, the Management performs an assessment of whether internal or external indications  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7676em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0387em;">of impairment of the identified intangible assets exist. If there is any indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4968em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">test is carried out. If an indication of impairment exists, the recoverable amount of the asset is determined, i.e.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.226em;"><span class="stl_910 stl_12 stl_517" style="word-spacing:-0.0416em;">the higher of the fair value of the asset less anticipated costs of disposal and its value-in-use.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.4277em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">Development projects in progress, either acquired or internally generated, are tested for impairment mini-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.157em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.038em;">mum on an annual basis and if any indication of impairment. For completed development projects, it is con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.8862em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.039em;">tinuously assessed whether there is any indication of impairment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0879em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0395em;">Impairment tests is either carried out by calculating the value in use, by use of discounted cashflow model,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8171em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.0389em;">or by calculating the fair value, depending on the type of intangible asset. If the initial impairment test shows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5463em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0389em;">a calculated amount lower than the carrying value of the asset, both fair value and value in use is calculated,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2756em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.0381em;">and an impairment loss is recognised at the higher amount of either fair value or value in use, if both calcu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0048em;"><span class="stl_910 stl_12 stl_105" style="word-spacing:-0.04em;">lated values are below the carrying amount of the asset. The impairment assessment, and possible following  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.734em;"><span class="stl_910 stl_12 stl_114" style="word-spacing:-0.0412em;">impairment test, is carried out per individual asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.9277em;"><span class="stl_316 stl_08 stl_114" style="word-spacing:-0.0413em;">! Material accounting estimates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:23.6808em;"><span class="stl_557 stl_17 stl_456" style="word-spacing:-0.0435em;">Impairment test of other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:24.4348em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0394em;">The Management assesses the risk of impairment of the Ambu Group’s intangible assets. This requires judg-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.1641em;"><span class="stl_910 stl_12 stl_60" style="word-spacing:-0.0396em;">ment in relation to the underlying assumptions of the future expected cashflow, of the individual assets, to be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:25.8933em;"><span class="stl_910 stl_12 stl_51" style="word-spacing:-0.0321em;">applied in the Group’s impairment model.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.095em;"><span class="stl_910 stl_12 stl_130" style="word-spacing:-0.0408em;">An impairment test is performed at least once a year for development projects in progress. The impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.8242em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0395em;">test is for each development project in progress determined on the basis of certain key assumptions, i.e. pay-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.5534em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0386em;">back time, net present value and actual development costs realised, compared to the business case.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.7551em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.0391em;">For acquired and completed development projects related to the GI technologies, the impairment test is con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.4844em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0388em;">ducted by use of the ‘relief from royalty’ method as the valuation model for determining the fair value. This is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.2136em;"><span class="stl_910 stl_12 stl_315" style="word-spacing:-0.0383em;">consistent with the valuation method applied when the technologies were acquired.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.4153em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0386em;">The fair value hierarchy, by use of the ‘relief from royalty’ method, is level 3, as unobservable inputs are used  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.1445em;"><span class="stl_910 stl_12 stl_13" style="word-spacing:-0.0373em;">to measure the fair value to the extent that relevant observable inputs are not available, which includes any  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:33.8737em;"><span class="stl_910 stl_12 stl_13" style="word-spacing:-0.0371em;">information about market participant assumptions that is reasonably available.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:35.0754em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0388em;">The recoverable amount of each identified intangible asset, related to the GI technologies, is determined  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:35.8047em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0388em;">on the basis of certain key assumptions, i.e., expected revenue, royalty rate and discount rate, etc. The cash  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:36.5339em;"><span class="stl_910 stl_12 stl_319" style="word-spacing:-0.0438em;">flow projections for the individual assets, applied in the short-, mid- and long-term perspective, reflect Man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.2631em;"><span class="stl_910 stl_12 stl_105" style="word-spacing:-0.0399em;">agement’s best estimate, including Group-strategic initiatives, local initiatives, past experience and external  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:37.9923em;"><span class="stl_910 stl_12 stl_558" style="word-spacing:-0.0384em;">sources of information, where possible and relevant for the individual assets.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:9.965em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:10.7225em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Acquired technologies, trademarks and customer relations, pri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:11.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">marily comprising identified technologies, are recognised at fair  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.2225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">value on the time of acquisition in connection with a business com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:12.9725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">bination. Any other intangible asset is recognised at cost.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:14.4725em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">Development and IT projects are recognised as intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.2225em;"><span class="stl_46 stl_12 stl_453" style="word-spacing:-0.0425em;">if they meet certain criteria. These projects must be clearly defined  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:15.9725em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">and identifiable, with proven technical feasibility and sufficient  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:16.7225em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">resources available for completion. Additionally, there should be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:17.4725em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">a potential market or scope for the project, and the Group must  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.2225em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0403em;">intend to produce, market or use the project. The directly attrib-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:18.9725em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">utable cost should be reliably measurable, and there must be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:19.7225em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0361em;">certainty that future earnings or the net selling price will cover all  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:20.4725em;"><span class="stl_46 stl_12 stl_112">costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:21.965em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0418em;">Useful lifetime and residual value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:22.7225em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">Intangible assets, excl. goodwill, are amortised according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:23.4725em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0371em;">straight-line method over the expected useful lifetime of the indi-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.2225em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0383em;">vidual asset. The residual value for all intangible assets is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:24.9725em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0367em;">as zero. The amortisation of the intangible asset commences upon  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:25.7225em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">completion of the project or when the asset is ready for use. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:26.4725em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">basis of amortisation is reduced by impairment losses, if any. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.2225em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">useful life of the asset may subsequently be changed if the original  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:27.9725em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">assumptions, on which the useful life and any residual value are  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:28.7225em;"><span class="stl_46 stl_12 stl_48" style="word-spacing:-0.0322em;">based, have changed significantly.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:30.2225em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">The expected useful lifetime of intangible assets are as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:31.7225em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Acquired technologies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8769em;top:31.7225em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_187" style="word-spacing:-0.0152em;">15 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:32.4725em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">Completed development projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8713em;top:32.4725em;"><span class="stl_46 stl_12 stl_903">5</span><span class="stl_46 stl_12 stl_324">-</span><span class="stl_46 stl_12 stl_280" style="word-spacing:-0.0188em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.2225em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Distribution rights, patents and licenses etc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8213em;top:33.2225em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0311em;">5-20 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0188em;top:33.9725em;"><span class="stl_46 stl_12 stl_676" style="word-spacing:-0.0528em;">IT software projects  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.1682em;top:33.9725em;"><span class="stl_46 stl_12 stl_351" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5312em;"><span class="stl_316 stl_08 stl_619" 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:11.2843em;"><span class="stl_557 stl_17 stl_475" style="word-spacing:-0.0431em;">Impairment testing other intangible assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0384em;"><span class="stl_910 stl_12 stl_124" style="word-spacing:-0.0404em;">At each reporting date, the Management performs an assessment of whether internal or external indications  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7676em;"><span class="stl_910 stl_12 stl_113" style="word-spacing:-0.0387em;">of impairment of the identified intangible assets exist. If there is any indication of impairment, an impairment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4968em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">test is carried out. If an indication of impairment exists, the recoverable amount of the asset is determined, i.e.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.226em;"><span class="stl_910 stl_12 stl_517" style="word-spacing:-0.0416em;">the higher of the fair value of the asset less anticipated costs of disposal and its value-in-use.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.4277em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0393em;">Development projects in progress, either acquired or internally generated, are tested for impairment mini-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.157em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.038em;">mum on an annual basis and if any indication of impairment. For completed development projects, it is con-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.8862em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.039em;">tinuously assessed whether there is any indication of impairment.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.0879em;"><span class="stl_910 stl_12 stl_28" style="word-spacing:-0.0395em;">Impairment tests is either carried out by calculating the value in use, by use of discounted cashflow model,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.8171em;"><span class="stl_910 stl_12 stl_59" style="word-spacing:-0.0389em;">or by calculating the fair value, depending on the type of intangible asset. If the initial impairment test shows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.5463em;"><span class="stl_910 stl_12 stl_117" style="word-spacing:-0.0389em;">a calculated amount lower than the carrying value of the asset, both fair value and value in use is calculated,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.2756em;"><span class="stl_910 stl_12 stl_65" style="word-spacing:-0.0381em;">and an impairment loss is recognised at the higher amount of either fair value or value in use, if both calcu-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.0048em;"><span class="stl_910 stl_12 stl_105" style="word-spacing:-0.04em;">lated values are below the carrying amount of the asset. The impairment assessment, and possible following  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.734em;"><span class="stl_910 stl_12 stl_114" style="word-spacing:-0.0412em;">impairment test, is carried out per individual asset.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_224 stl_08 stl_109" 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:35.0025em;top:10.4899em;"><span class="stl_316 stl_08 stl_518" style="word-spacing:1.127em;">Other Property,</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:40.877em;top:10.4899em;"><span class="stl_316 stl_08 stl_278">plant  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.5132em;top:11.2399em;"><span class="stl_316 stl_08 stl_399" style="word-spacing:-0.0444em;">Land and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1294em;top:11.2399em;"><span class="stl_316 stl_08 stl_47" style="word-spacing:-0.0343em;">Plant and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.019em;top:11.2399em;"><span class="stl_316 stl_08 stl_711" style="word-spacing:-0.0531em;">fixtures and</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:37.708em;top:11.2399em;"><span class="stl_316 stl_08 stl_13" style="word-spacing:-0.0372em;">and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.9974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.4025em;top:11.9899em;"><span class="stl_316 stl_08 stl_29">buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.77em;top:11.9899em;"><span class="stl_316 stl_08 stl_471">machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3882em;top:11.9899em;"><span class="stl_316 stl_08 stl_116">equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:38.9457em;top:11.9899em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0425em;">in progress  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6975em;top:11.9899em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:13.5174em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:14.3993em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3175em;top:14.3993em;"><span class="stl_46 stl_12 stl_334">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0307em;top:14.3993em;"><span class="stl_46 stl_12 stl_257">537  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.7457em;top:14.3993em;"><span class="stl_46 stl_12 stl_251">285  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7957em;top:14.3993em;"><span class="stl_46 stl_12 stl_200">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.7019em;top:14.3993em;"><span class="stl_46 stl_12 stl_860">1,188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.2737em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0369em;top:15.2737em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7613em;top:15.2737em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9875em;top:15.2737em;"><span class="stl_46 stl_12 stl_898">-13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.9925em;top:15.2737em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6507em;top:15.2737em;"><span class="stl_46 stl_12 stl_371">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:16.148em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2057em;top:16.148em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7613em;top:16.148em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.6544em;top:16.148em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7788em;top:16.148em;"><span class="stl_46 stl_12 stl_278">86  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5em;top:16.148em;"><span class="stl_46 stl_12 stl_518">88  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.0224em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.845em;top:17.0224em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2007em;top:17.0224em;"><span class="stl_46 stl_12 stl_240">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9282em;top:17.0224em;"><span class="stl_46 stl_12 stl_329">-20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3238em;top:17.0224em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3338em;top:17.0224em;"><span class="stl_46 stl_12 stl_365">-51  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.8968em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0363em;top:17.8968em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3851em;top:17.8968em;"><span class="stl_46 stl_12 stl_54">68  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1494em;top:17.8968em;"><span class="stl_46 stl_12 stl_138">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.5657em;top:17.8968em;"><span class="stl_46 stl_12 stl_458">-82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.0482em;top:17.8968em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7637em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1857em;top:18.7637em;"><span class="stl_316 stl_08 stl_73">291  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8963em;top:18.7637em;"><span class="stl_316 stl_08 stl_55">583  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6225em;top:18.7637em;"><span class="stl_316 stl_08 stl_166">265  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7057em;top:18.7637em;"><span class="stl_316 stl_08 stl_102">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.4332em;top:18.7637em;"><span class="stl_316 stl_08 stl_385">1,221  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.1099em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">Depreciation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2275em;top:20.1099em;"><span class="stl_46 stl_12 stl_916">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8025em;top:20.1099em;"><span class="stl_46 stl_12 stl_54">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.625em;top:20.1099em;"><span class="stl_46 stl_12 stl_781">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3232em;top:20.1099em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.8944em;top:20.1099em;"><span class="stl_46 stl_12 stl_899">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.9843em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2044em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5688em;top:20.9843em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4844em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3225em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.8782em;top:20.9843em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:21.8587em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0357em;top:21.8587em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3932em;top:21.8587em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1444em;top:21.8587em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3225em;top:21.8587em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.4913em;top:21.8587em;"><span class="stl_46 stl_12 stl_637">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.733em;"><span class="stl_46 stl_12 stl_619" 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:27.2044em;top:22.733em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5451em;top:22.733em;"><span class="stl_46 stl_12 stl_323">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.3219em;top:22.733em;"><span class="stl_46 stl_12 stl_554">-1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3226em;top:22.733em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.6519em;top:22.733em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:23.6074em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8069em;top:23.6074em;"><span class="stl_46 stl_12 stl_371">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1444em;top:23.6074em;"><span class="stl_46 stl_12 stl_917">-43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9332em;top:23.6074em;"><span class="stl_46 stl_12 stl_200">-28  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3225em;top:23.6074em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3457em;top:23.6074em;"><span class="stl_46 stl_12 stl_339">-75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:24.4743em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0391em;">Depreciation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0844em;top:24.4743em;"><span class="stl_316 stl_08 stl_918">-114  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.685em;top:24.4743em;"><span class="stl_316 stl_08 stl_188">-387  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4813em;top:24.4743em;"><span class="stl_316 stl_08 stl_355">-138  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3144em;top:24.4743em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.7813em;top:24.4743em;"><span class="stl_316 stl_08 stl_465">-639  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:25.3487em;"><span class="stl_316 stl_08 stl_476" style="word-spacing:-0.0432em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.23em;top:25.3487em;"><span class="stl_316 stl_08 stl_172">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9425em;top:25.3487em;"><span class="stl_316 stl_08 stl_857">196  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6669em;top:25.3487em;"><span class="stl_316 stl_08 stl_857">127  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.705em;top:25.3487em;"><span class="stl_316 stl_08 stl_102">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.0207em;top:25.3487em;"><span class="stl_316 stl_08 stl_212">582  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.0968em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:27.9787em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Cost at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.3044em;top:27.9787em;"><span class="stl_46 stl_12 stl_100">301  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0107em;top:27.9787em;"><span class="stl_46 stl_12 stl_109">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.745em;top:27.9787em;"><span class="stl_46 stl_12 stl_241">222  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.4419em;top:27.9787em;"><span class="stl_46 stl_12 stl_101">156  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.6763em;top:27.9787em;"><span class="stl_46 stl_12 stl_804">1,217  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:28.853em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.4769em;top:28.853em;"><span class="stl_46 stl_12 stl_79">-23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1488em;top:28.853em;"><span class="stl_46 stl_12 stl_919">-46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.0069em;top:28.853em;"><span class="stl_46 stl_12 stl_326">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.9407em;top:28.853em;"><span class="stl_46 stl_12 stl_107">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.2744em;top:28.853em;"><span class="stl_46 stl_12 stl_845">-83  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7225em;top:29.7274em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2032em;top:29.7274em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7588em;top:29.7274em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4832em;top:29.7274em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7769em;top:29.7274em;"><span class="stl_46 stl_12 stl_54">60  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.53em;top:29.7274em;"><span class="stl_46 stl_12 stl_540">71  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:30.6018em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2025em;top:30.6018em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5363em;top:30.6018em;"><span class="stl_46 stl_12 stl_328">-8  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.2863em;top:30.6018em;"><span class="stl_46 stl_12 stl_15">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3207em;top:30.6018em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3882em;top:30.6018em;"><span class="stl_46 stl_12 stl_921">-17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7219em;top:31.4762em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0338em;top:31.4762em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.4007em;top:31.4762em;"><span class="stl_46 stl_12 stl_431">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.1494em;top:31.4762em;"><span class="stl_46 stl_12 stl_360">76  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.2769em;top:31.4762em;"><span class="stl_46 stl_12 stl_920">-134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:47.045em;top:31.4762em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:32.343em;"><span class="stl_316 stl_08 stl_453" style="word-spacing:-0.0426em;">Cost at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1875em;top:32.343em;"><span class="stl_316 stl_08 stl_327">287  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9069em;top:32.343em;"><span class="stl_316 stl_08 stl_73">537  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6188em;top:32.343em;"><span class="stl_316 stl_08 stl_156">285  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7088em;top:32.343em;"><span class="stl_316 stl_08 stl_240">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.51em;top:32.343em;"><span class="stl_316 stl_08 stl_922">1,188  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:33.6893em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0371em;">Depreciation and impairment losses at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.145em;top:33.6893em;"><span class="stl_46 stl_12 stl_923">-108  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7988em;top:33.6893em;"><span class="stl_46 stl_12 stl_54">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6794em;top:33.6893em;"><span class="stl_46 stl_12 stl_924">-117  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:33.6893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.9107em;top:33.6893em;"><span class="stl_46 stl_12 stl_320">-585  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:34.5637em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.0332em;top:34.5637em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.3826em;top:34.5637em;"><span class="stl_46 stl_12 stl_51">30  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4819em;top:34.5637em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:34.5637em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.4888em;top:34.5637em;"><span class="stl_46 stl_12 stl_637">43  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:35.438em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Disposals during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.2019em;top:35.438em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7576em;top:35.438em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:36.4819em;top:35.438em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:35.438em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.5363em;top:35.438em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7213em;top:36.3124em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">Depreciation for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.5563em;top:36.3124em;"><span class="stl_46 stl_12 stl_326">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.1901em;top:36.3124em;"><span class="stl_46 stl_12 stl_262">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.9219em;top:36.3124em;"><span class="stl_46 stl_12 stl_240">-29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3201em;top:36.3124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.3307em;top:36.3124em;"><span class="stl_46 stl_12 stl_78">-77  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7207em;top:37.1793em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0391em;">Depreciation and impairment losses at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.0813em;top:37.1793em;"><span class="stl_316 stl_08 stl_918">-112  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6688em;top:37.1793em;"><span class="stl_316 stl_08 stl_29">-360  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4813em;top:37.1793em;"><span class="stl_316 stl_08 stl_602">-132  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:42.3107em;top:37.1793em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:45.7701em;top:37.1793em;"><span class="stl_316 stl_08 stl_112">-604  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7201em;top:38.0537em;"><span class="stl_316 stl_08 stl_476" style="word-spacing:-0.0432em;">Carrying amount at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2376em;top:38.0537em;"><span class="stl_316 stl_08 stl_369">175  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.9507em;top:38.0537em;"><span class="stl_316 stl_08 stl_172">177  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.6457em;top:38.0537em;"><span class="stl_316 stl_08 stl_359">153  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:41.7076em;top:38.0537em;"><span class="stl_316 stl_08 stl_240">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:46.0119em;top:38.0537em;"><span class="stl_316 stl_08 stl_166">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:10.4781em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.2356em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0333em;">Land and buildings, plant and machinery, as well as other plant, fix-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.9856em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">tures and fittings, tools and equipment are measured at cost, less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:12.7356em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">accumulated depreciation and impairment losses. Cost comprises  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:13.4856em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0394em;">the acquisition price and any costs directly attributable to the acqui-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.2356em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">sition until the date when the asset is ready for use. The cost of a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">total asset is divided into separate elements which are depreciated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:15.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">individually when the useful lives of the individual elements differ.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">The basis of depreciation is calculated in consideration of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.9856em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">residual value of the asset and is reduced by impairment losses,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:18.7356em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">if any. The residual value is fixed at the date of acquisition and is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:19.4856em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">subject to annual review. When the residual value exceeds the car-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.2356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">rying amount of the asset, depreciation will no longer take place. In  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">connection with changes in the depreciation period or the residual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:21.7356em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">value, the effect of depreciation is recognised in the future as a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:22.4856em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">change in the accounting estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:23.9856em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0397em;">The carrying amount of property, plant and equipment is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:24.7356em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">on an annual basis to establish whether there is any indication of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:25.4856em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">impairment. When such indication exists, an impairment test is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.2356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">performed. An impairment loss is recognised when the carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.9856em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">amount of an asset exceeds the recoverable amount of the asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:28.4856em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Property, plant and equipment are depreciated according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.2356em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0389em;">straight-line method over the expected useful lives of the assets/  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.9856em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">components as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:31.4856em;"><span class="stl_46 stl_12 stl_51">Buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.9361em;top:31.4856em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">10-40 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.2356em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Building installations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.9405em;top:32.2356em;"><span class="stl_46 stl_12 stl_231" style="word-spacing:-0.018em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.9856em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4268em;top:32.9856em;"><span class="stl_46 stl_12 stl_388" style="word-spacing:0.0086em;">2-10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:33.7356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">Other fixtures and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.6849em;top:33.7356em;"><span class="stl_46 stl_12 stl_351" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:35.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">Land is not depreciated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:36.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">Depreciation is recognised in the income statement under produc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:37.4856em;"><span class="stl_46 stl_12 stl_189" style="word-spacing:-0.041em;">tion costs, selling and distribution costs, development costs or man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:38.2356em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0343em;">agement and administrative expenses, as appropriate. See note 2.4.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:10.4781em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.2356em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0333em;">Land and buildings, plant and machinery, as well as other plant, fix-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:11.9856em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">tures and fittings, tools and equipment are measured at cost, less  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:12.7356em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0359em;">accumulated depreciation and impairment losses. Cost comprises  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:13.4856em;"><span class="stl_46 stl_12 stl_28" style="word-spacing:-0.0394em;">the acquisition price and any costs directly attributable to the acqui-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.2356em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">sition until the date when the asset is ready for use. The cost of a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:14.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">total asset is divided into separate elements which are depreciated  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:15.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">individually when the useful lives of the individual elements differ.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">The basis of depreciation is calculated in consideration of the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:17.9856em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">residual value of the asset and is reduced by impairment losses,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:18.7356em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">if any. The residual value is fixed at the date of acquisition and is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:19.4856em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">subject to annual review. When the residual value exceeds the car-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.2356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">rying amount of the asset, depreciation will no longer take place. In  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:20.9856em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">connection with changes in the depreciation period or the residual  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:21.7356em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0382em;">value, the effect of depreciation is recognised in the future as a  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:22.4856em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">change in the accounting estimate.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:23.9856em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0397em;">The carrying amount of property, plant and equipment is assessed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:24.7356em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">on an annual basis to establish whether there is any indication of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:25.4856em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">impairment. When such indication exists, an impairment test is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.2356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">performed. An impairment loss is recognised when the carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:26.9856em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">amount of an asset exceeds the recoverable amount of the asset.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:28.4856em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Property, plant and equipment are depreciated according to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.2356em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0389em;">straight-line method over the expected useful lives of the assets/  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:29.9856em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">components as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:31.4856em;"><span class="stl_46 stl_12 stl_51">Buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.9361em;top:31.4856em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">10-40 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.2356em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Building installations  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.9405em;top:32.2356em;"><span class="stl_46 stl_12 stl_231" style="word-spacing:-0.018em;">10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:32.9856em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Plant and machinery  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4268em;top:32.9856em;"><span class="stl_46 stl_12 stl_388" style="word-spacing:0.0086em;">2-10 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:33.7356em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.041em;">Other fixtures and equipment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.6849em;top:33.7356em;"><span class="stl_46 stl_12 stl_351" style="word-spacing:-0.046em;">3-5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:35.2356em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0354em;">Land is not depreciated.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:36.7356em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0359em;">Depreciation is recognised in the income statement under produc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:37.4856em;"><span class="stl_46 stl_12 stl_189" style="word-spacing:-0.041em;">tion costs, selling and distribution costs, development costs or man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0236em;top:38.2356em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0343em;">agement 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:9.2256em;"><span class="stl_224 stl_08 stl_119" style="word-spacing:-0.0337em;">3.4 Leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5769em;top:10.4899em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Land and buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3869em;top:12.0487em;"><span class="stl_46 stl_12 stl_71">516  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.555em;top:12.0487em;"><span class="stl_46 stl_12 stl_109">538  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_46 stl_12 stl_130" 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:30.6832em;top:12.9699em;"><span class="stl_46 stl_12 stl_50">29  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9288em;top:12.9699em;"><span class="stl_46 stl_12 stl_54">33  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8837em;"><span class="stl_316 stl_08 stl_351" 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:30.1763em;top:13.8837em;"><span class="stl_316 stl_08 stl_518">545  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4763em;top:13.8837em;"><span class="stl_316 stl_08 stl_347">571  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:15.3243em;"><span class="stl_46 stl_12 stl_65" 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:30.6794em;top:15.3243em;"><span class="stl_46 stl_12 stl_55">92  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.925em;top:15.3243em;"><span class="stl_46 stl_12 stl_351">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:17.0568em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5775em;top:17.0493em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8313em;top:17.0493em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:18.6005em;"><span class="stl_316 stl_08 stl_117" style="word-spacing:-0.0387em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:19.5293em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0351em;">Less than 1 year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7238em;top:19.5293em;"><span class="stl_46 stl_12 stl_375">74  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.945em;top:19.5293em;"><span class="stl_46 stl_12 stl_200">79  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:20.4505em;"><span class="stl_46 stl_12 stl_64" 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:30.3125em;top:20.4505em;"><span class="stl_46 stl_12 stl_251">285  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5757em;top:20.4505em;"><span class="stl_46 stl_12 stl_385">227  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:21.3718em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">More than 5 years  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2975em;top:21.3718em;"><span class="stl_46 stl_12 stl_105">308  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.6363em;top:21.3718em;"><span class="stl_46 stl_12 stl_925">419  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:22.2855em;"><span class="stl_316 stl_08 stl_13" style="word-spacing:-0.0372em;">Undiscounted lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2207em;top:22.2855em;"><span class="stl_316 stl_08 stl_352">667  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.455em;top:22.2855em;"><span class="stl_316 stl_08 stl_438">725  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:24.0255em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6982em;top:24.018em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9375em;top:24.018em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:25.5693em;"><span class="stl_316 stl_08 stl_322" 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:4.7257em;top:26.498em;"><span class="stl_46 stl_12 stl_113" 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:31.0538em;top:26.498em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3057em;top:26.498em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:27.4193em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0351em;">Interest on lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6875em;top:27.4193em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.98em;top:27.4193em;"><span class="stl_46 stl_12 stl_98">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:28.8449em;"><span class="stl_316 stl_08 stl_399" 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:4.7257em;top:29.7737em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Land and buildings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6832em;top:29.7737em;"><span class="stl_46 stl_12 stl_102">50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9238em;top:29.7737em;"><span class="stl_46 stl_12 stl_107">46  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:30.6949em;"><span class="stl_46 stl_12 stl_130" 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:30.7144em;top:30.6949em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9732em;top:30.6949em;"><span class="stl_46 stl_12 stl_360">19  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7263em;top:31.6087em;"><span class="stl_316 stl_08 stl_518" style="word-spacing:-0.0438em;">Depreciation of lease assets  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5969em;top:31.6087em;"><span class="stl_316 stl_08 stl_64">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8488em;top:31.6087em;"><span class="stl_316 stl_08 stl_64">65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:33.0418em;"><span class="stl_316 stl_08 stl_538" 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:4.7257em;top:33.9705em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Total cash outflow for leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6944em;top:33.9705em;"><span class="stl_46 stl_12 stl_58">87  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9388em;top:33.9705em;"><span class="stl_46 stl_12 stl_111">82  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:10.4774em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:11.2349em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">Lease assets are ‘right-of-use assets’, which refer to a contract or part of a contract that conveys the les-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:11.9849em;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0332em;">see’s right to use an asset for a period of time. At the commencement date, the Group recognises a lease  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:12.7349em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">liability and a corresponding right-of-use asset at the same amount. A right-of-use asset is initially mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:13.4849em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">sured at cost, which equals the initial lease liability and initial direct costs, less any lease incentives  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:14.2349em;"><span class="stl_46 stl_12 stl_13" 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:39.4507em;top:14.9849em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">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:39.4507em;top:15.7349em;"><span class="stl_46 stl_12 stl_130">terms.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:17.2349em;"><span class="stl_46 stl_12 stl_116" 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:39.4507em;top:17.9849em;"><span class="stl_46 stl_12 stl_74" 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:39.4507em;top:18.7349em;"><span class="stl_46 stl_12 stl_56" 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:39.4507em;top:19.4849em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">has chosen not to 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:39.4507em;top:20.2349em;"><span class="stl_46 stl_12 stl_558" 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:39.4507em;top:20.9849em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0345em;">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:39.4507em;top:10.4774em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:11.2349em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">Lease assets are ‘right-of-use assets’, which refer to a contract or part of a contract that conveys the les-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:11.9849em;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0332em;">see’s right to use an asset for a period of time. At the commencement date, the Group recognises a lease  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:12.7349em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.0361em;">liability and a corresponding right-of-use asset at the same amount. A right-of-use asset is initially mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:13.4849em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">sured at cost, which equals the initial lease liability and initial direct costs, less any lease incentives  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:14.2349em;"><span class="stl_46 stl_12 stl_13" 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:39.4507em;top:14.9849em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">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:39.4507em;top:15.7349em;"><span class="stl_46 stl_12 stl_130">terms.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4507em;top:17.2349em;"><span class="stl_46 stl_12 stl_116" 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:39.4507em;top:17.9849em;"><span class="stl_46 stl_12 stl_74" 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:39.4507em;top:18.7349em;"><span class="stl_46 stl_12 stl_56" 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:39.4507em;top:19.4849em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">has chosen not to 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:39.4507em;top:20.2349em;"><span class="stl_46 stl_12 stl_558" 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:39.4507em;top:20.9849em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0345em;">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:9.2256em;"><span class="stl_224 stl_08 stl_202" style="word-spacing:-0.0245em;">3.5 Inventories  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.5769em;top:10.4899em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8307em;top:10.4899em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">Raw materials and consumables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2907em;top:12.0487em;"><span class="stl_46 stl_12 stl_349">435  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5419em;top:12.0487em;"><span class="stl_46 stl_12 stl_420">430  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Finished goods  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2813em;top:12.9699em;"><span class="stl_46 stl_12 stl_664">643  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5907em;top:12.9699em;"><span class="stl_46 stl_12 stl_78">477  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6344em;top:13.8837em;"><span class="stl_316 stl_08 stl_926">1,078  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4544em;top:13.8837em;"><span class="stl_316 stl_08 stl_100">907  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.3243em;"><span class="stl_46 stl_12 stl_309" 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:30.4663em;top:15.3243em;"><span class="stl_46 stl_12 stl_65">-38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.7107em;top:15.3243em;"><span class="stl_46 stl_12 stl_350">-54  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:16.7574em;"><span class="stl_46 stl_12 stl_465" style="word-spacing:-0.0467em;">Direct production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7957em;top:16.7574em;"><span class="stl_46 stl_12 stl_257">1,689  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0694em;top:16.7574em;"><span class="stl_46 stl_12 stl_200">1,541  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:17.6787em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Unallocated indirect production costs, incl. inbound freight  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3357em;top:17.6787em;"><span class="stl_46 stl_12 stl_437">496  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5557em;top:17.6787em;"><span class="stl_46 stl_12 stl_86">489  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:18.5999em;"><span class="stl_46 stl_12 stl_75" 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:30.6932em;top:18.5999em;"><span class="stl_46 stl_12 stl_301">96  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5913em;top:18.5999em;"><span class="stl_46 stl_12 stl_859">134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.5137em;"><span class="stl_316 stl_08 stl_318" 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:29.5725em;top:19.5137em;"><span class="stl_316 stl_08 stl_55">2,281  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.8988em;top:19.5137em;z-index:426;"><span class="stl_316 stl_08 stl_112">2</span><span class="stl_316 stl_08 stl_621">,</span><span class="stl_316 stl_08 stl_359">164  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.9543em;"><span class="stl_46 stl_12 stl_63" 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:4.7244em;top:22.3874em;"><span class="stl_46 stl_12 stl_468" style="word-spacing:-0.0442em;">Production costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.85em;top:22.3874em;"><span class="stl_46 stl_12 stl_784">2,185  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0232em;top:22.3874em;"><span class="stl_46 stl_12 stl_198">2,030  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:23.3087em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Selling and distribution costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6944em;top:23.3087em;"><span class="stl_46 stl_12 stl_301">96  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5925em;top:23.3087em;"><span class="stl_46 stl_12 stl_859">134  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:24.2224em;"><span class="stl_316 stl_08 stl_318" 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:29.5738em;top:24.2224em;"><span class="stl_316 stl_08 stl_55">2,281  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.9em;top:24.2224em;z-index:598;"><span class="stl_316 stl_08 stl_112">2</span><span class="stl_316 stl_08 stl_621">,</span><span class="stl_316 stl_08 stl_359">164  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:25.6918em;"><span class="stl_316 stl_08 stl_619" 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:26.4493em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">Inventories are measured at the lower of cost, calculated according to the FIFO principle and net realis-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:27.1993em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">able value. The net realisable value is calculated as the selling price, less costs of completion and costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:27.9493em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">necessary to make the sale. The cost of goods for resale, as well as raw materials and consumables, com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:28.6993em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0405em;">prises the acquisition price plus delivery costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:30.1993em;"><span class="stl_46 stl_12 stl_123" 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:4.7257em;top:30.9493em;"><span class="stl_46 stl_12 stl_94" 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:4.7257em;top:31.6993em;"><span class="stl_46 stl_12 stl_94" 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:9.2258em;"><span class="stl_224 stl_08 stl_188" style="word-spacing:-0.0235em;">3.6 Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5387em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0304em;">Trade receivables fall due as follows:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.077em;top:11.2399em;"><span class="stl_316 stl_08 stl_105">Due  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.8563em;top:11.2399em;"><span class="stl_316 stl_08 stl_105">Due  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8719em;top:11.2399em;"><span class="stl_316 stl_08 stl_105">Due  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9313em;top:11.9899em;"><span class="stl_316 stl_08 stl_327">1-90  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.9563em;top:11.9899em;"><span class="stl_316 stl_08 stl_104">91-180  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3669em;top:11.9899em;"><span class="stl_316 stl_08 stl_58" style="word-spacing:0.018em;">&gt; 180  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.7474em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.0901em;top:12.7399em;"><span class="stl_316 stl_08 stl_105" style="word-spacing:-0.04em;">Not due  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8745em;top:12.7399em;"><span class="stl_316 stl_08 stl_171">days  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.6538em;top:12.7399em;"><span class="stl_316 stl_08 stl_171">days  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.6688em;top:12.7399em;"><span class="stl_316 stl_08 stl_171">days  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.8463em;top:12.7399em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:14.2912em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:15.2199em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0369em;">Trade receivables, amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.4769em;top:15.2199em;"><span class="stl_46 stl_12 stl_353">581  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2632em;top:15.2199em;"><span class="stl_46 stl_12 stl_301">154  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4207em;top:15.2199em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4363em;top:15.2199em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3138em;top:15.2199em;"><span class="stl_46 stl_12 stl_78">765  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:16.1412em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:-0.0423em;">Write-down for expected credit loss  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.0095em;top:16.1412em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.7513em;top:16.1412em;"><span class="stl_46 stl_12 stl_371">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5451em;top:16.1412em;"><span class="stl_46 stl_12 stl_323">-5  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.5795em;top:16.1412em;"><span class="stl_46 stl_12 stl_15">-9  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4701em;top:16.1412em;"><span class="stl_46 stl_12 stl_329">-20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:17.0549em;"><span class="stl_316 stl_08 stl_307" style="word-spacing:-0.0317em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.367em;top:17.0549em;"><span class="stl_316 stl_08 stl_533">579  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.1482em;top:17.0549em;"><span class="stl_316 stl_08 stl_365">150  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.3338em;top:17.0549em;"><span class="stl_316 stl_08 stl_366">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7363em;top:17.0549em;"><span class="stl_316 stl_08 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1888em;top:17.0549em;"><span class="stl_316 stl_08 stl_378">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:18.4956em;"><span class="stl_46 stl_12 stl_619" 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:69.4763em;top:18.4956em;"><span class="stl_46 stl_12 stl_200">-27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:19.4168em;"><span class="stl_46 stl_12 stl_291" 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:70.0276em;top:19.4168em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:20.3381em;"><span class="stl_46 stl_12 stl_118" 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:69.8007em;top:20.3381em;"><span class="stl_46 stl_12 stl_370">-6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:21.2593em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">Bad debt provision reversed  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:22.0093em;"><span class="stl_46 stl_12 stl_192" style="word-spacing:-0.0311em;">for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6826em;top:22.0093em;"><span class="stl_46 stl_12 stl_69">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:22.9306em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">Provision for bad debt at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4701em;top:22.9306em;"><span class="stl_46 stl_12 stl_329">-20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:24.7656em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:25.6943em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.0369em;">Trade receivables, amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.4501em;top:25.6943em;"><span class="stl_46 stl_12 stl_51">580  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2638em;top:25.6943em;"><span class="stl_46 stl_12 stl_437">163  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.3932em;top:25.6943em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4163em;top:25.6943em;"><span class="stl_46 stl_12 stl_200">27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2951em;top:25.6943em;"><span class="stl_46 stl_12 stl_295">793  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:26.6156em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:-0.0423em;">Write-down for expected credit loss  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:54.3701em;top:26.6156em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.752em;top:26.6156em;"><span class="stl_46 stl_12 stl_371">-4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.2526em;top:26.6156em;"><span class="stl_46 stl_12 stl_369">-10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.2776em;top:26.6156em;"><span class="stl_46 stl_12 stl_898">-13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.477em;top:26.6156em;"><span class="stl_46 stl_12 stl_200">-27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:27.5293em;"><span class="stl_316 stl_08 stl_307" style="word-spacing:-0.0317em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.3376em;top:27.5293em;"><span class="stl_316 stl_08 stl_191">580  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.1626em;top:27.5293em;"><span class="stl_316 stl_08 stl_300">159  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.3388em;top:27.5293em;"><span class="stl_316 stl_08 stl_889">13  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3576em;top:27.5293em;"><span class="stl_316 stl_08 stl_99">14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1988em;top:27.5293em;"><span class="stl_316 stl_08 stl_101">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:28.9699em;"><span class="stl_46 stl_12 stl_619" 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:69.4713em;top:28.9699em;"><span class="stl_46 stl_12 stl_110">-25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.8912em;"><span class="stl_46 stl_12 stl_291" 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:70.0288em;top:29.8912em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:30.8124em;"><span class="stl_46 stl_12 stl_118" 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:69.8163em;top:30.8124em;"><span class="stl_46 stl_12 stl_107">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:31.7337em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">Provision for bad debt at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4776em;top:31.7337em;"><span class="stl_46 stl_12 stl_200">-27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:10.5343em;"><span class="stl_557 stl_17 stl_465" style="word-spacing:-0.0467em;">Credit risks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_46 stl_12 stl_74" 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:4.7244em;top:12.0387em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0383em;">pattern trends and ordinary follow-up routines to identify any indications that the initial expectations per-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0372em;">taining to credit losses on the individual receivables should be adjusted. This risk assessment is targeted  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">private customers.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">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:4.7244em;top:15.7887em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">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:4.7244em;top:16.5387em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.0411em;">expected credit losses on private customers, the Management estimates general macro risks on the port-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0395em;">folio of trade receivables. The Group does not use factoring in connection with the collection of debts.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.7812em;"><span class="stl_316 stl_08 stl_619" 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:19.5387em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">Trade receivables are measured at amortised cost, less write-down for lifetime expected credit losses. To  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">measure the expected credit losses, trade receivables are grouped according to shared credit risk charac-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">teristics and days overdue. Furthermore, an allowance for lifetime credit losses for trade receivables is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0349em;">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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3074em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.063em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3149em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6643em;top:15.4681em;"><span class="stl_46 stl_12 stl_347">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9043em;top:15.4681em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3868em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6387em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3549em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4393em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6912em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1106em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3624em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.0405em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5749em;top:18.0531em;"><span class="stl_316 stl_08 stl_335">1,381  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8199em;top:18.0531em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6818em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3049em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5568em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:20.2437em;"><span class="stl_46 stl_12 stl_589" style="word-spacing:-0.0042em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_583" style="word-spacing:-0.0072em;">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_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4415em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7765em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0283em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4321em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7365em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9883em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" 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_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4402em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6921em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0421em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.294em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4471em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2983em;top:24.2695em;"><span class="stl_46 stl_12 stl_49">428  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2715em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5233em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0246em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2765em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1946em;top:25.9333em;"><span class="stl_316 stl_08 stl_104">918  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9165em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1683em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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_478 stl_12 stl_676" 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_478 stl_12 stl_591" 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_478 stl_12 stl_619" 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_478 stl_12 stl_405" style="word-spacing:-0.048em;">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_478 stl_12 stl_539" 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_478 stl_12 stl_81" 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_478 stl_12 stl_688" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5849em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3405em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5924em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9286em;top:15.4681em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2068em;top:15.4681em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7993em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.663em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9149em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" 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_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7155em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9674em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.041em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4361em;top:18.0531em;"><span class="stl_316 stl_08 stl_102">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1255em;top:18.0531em;"><span class="stl_316 stl_08 stl_373">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7593em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2293em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4811em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" 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_46 stl_12 stl_73" style="word-spacing:-0.0039em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_424" style="word-spacing:-0.0068em;">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_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.562em;top:23.3483em;"><span class="stl_46 stl_12 stl_111">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3264em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5783em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5364em;top:24.2695em;"><span class="stl_46 stl_12 stl_405">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3208em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5727em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4277em;top:25.9333em;"><span class="stl_316 stl_08 stl_168">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7602em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2095em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4614em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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:27.8677em;"><span class="stl_478 stl_12 stl_676" 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:7.1412em;top:28.4512em;"><span class="stl_478 stl_12 stl_591" 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:5.1447em;top:29.0347em;"><span class="stl_478 stl_12 stl_619" 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:29.0347em;"><span class="stl_478 stl_12 stl_405" style="word-spacing:-0.048em;">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:7.1412em;top:29.6182em;"><span class="stl_478 stl_12 stl_539" 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:5.1447em;top:30.2017em;"><span class="stl_478 stl_12 stl_81" 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:30.2017em;"><span class="stl_478 stl_12 stl_688" 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_316 stl_08 stl_114" 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_46 stl_12 stl_76" 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_46 stl_12 stl_310" 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_46 stl_12 stl_56">before.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_316 stl_08 stl_514" 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_557 stl_17 stl_399" 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_46 stl_12 stl_116" 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_46 stl_12 stl_130" style="word-spacing:-0.0408em;">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_46 stl_12 stl_124" style="word-spacing:-0.0404em;">observable market data.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:25.6918em;"><span class="stl_316 stl_08 stl_619" 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:26.4493em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">Inventories are measured at the lower of cost, calculated according to the FIFO principle and net realis-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:27.1993em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">able value. The net realisable value is calculated as the selling price, less costs of completion and costs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:27.9493em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0375em;">necessary to make the sale. The cost of goods for resale, as well as raw materials and consumables, com-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:28.6993em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0405em;">prises the acquisition price plus delivery costs.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7257em;top:30.1993em;"><span class="stl_46 stl_12 stl_123" 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:4.7257em;top:30.9493em;"><span class="stl_46 stl_12 stl_94" 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:4.7257em;top:31.6993em;"><span class="stl_46 stl_12 stl_94" 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:10.5343em;"><span class="stl_557 stl_17 stl_465" style="word-spacing:-0.0467em;">Credit risks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_46 stl_12 stl_74" 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:4.7244em;top:12.0387em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0383em;">pattern trends and ordinary follow-up routines to identify any indications that the initial expectations per-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0372em;">taining to credit losses on the individual receivables should be adjusted. This risk assessment is targeted  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0423em;">private customers.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">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:4.7244em;top:15.7887em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">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:4.7244em;top:16.5387em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.0411em;">expected credit losses on private customers, the Management estimates general macro risks on the port-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0395em;">folio of trade receivables. The Group does not use factoring in connection with the collection of debts.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.2312em;"><span class="stl_557 stl_17 stl_399" style="word-spacing:-0.0445em;">Credit risk  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:32.9856em;"><span class="stl_46 stl_12 stl_105" 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:39.4488em;top:33.7356em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">sponds to the carrying amount. For many years, Ambu has not realised any significant losses on receiv-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:34.4856em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.0329em;">ables. 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:18.7812em;"><span class="stl_316 stl_08 stl_619" 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:19.5387em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">Trade receivables are measured at amortised cost, less write-down for lifetime expected credit losses. To  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.2887em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">measure the expected credit losses, trade receivables are grouped according to shared credit risk charac-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.0387em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">teristics and days overdue. Furthermore, an allowance for lifetime credit losses for trade receivables is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.7887em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0349em;">recognised on initial recognition.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.2843em;"><span class="stl_557 stl_17 stl_514" style="word-spacing:-0.0418em;">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_46 stl_12 stl_29" 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_46 stl_12 stl_119" style="word-spacing:-0.0338em;">tionally, the Group is exposed to changing raw materials prices and freight rates. Ambu's Global Procure-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.5387em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">ment and Global Supply Chain functions, respectively, monitor these risk and work to mitigate them to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0355em;">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_46 stl_12 stl_520" 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:33.7843em;"><span class="stl_557 stl_17 stl_319" style="word-spacing:-0.0438em;">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_46 stl_12 stl_34" 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_46 stl_12 stl_314" style="word-spacing:-0.0336em;">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:4.7244em;top:36.0387em;"><span class="stl_46 stl_12 stl_80" 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:4.7244em;top:36.7887em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0347em;">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:9.2258em;"><span class="stl_224 stl_08 stl_619" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3074em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.063em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3149em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6643em;top:15.4681em;"><span class="stl_46 stl_12 stl_347">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9043em;top:15.4681em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3868em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6387em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3549em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4393em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6912em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1106em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3624em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.0405em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5749em;top:18.0531em;"><span class="stl_316 stl_08 stl_335">1,381  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8199em;top:18.0531em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6818em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3049em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5568em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:20.2437em;"><span class="stl_46 stl_12 stl_589" style="word-spacing:-0.0042em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_583" style="word-spacing:-0.0072em;">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_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4415em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7765em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0283em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4321em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7365em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9883em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" 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_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4402em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6921em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0421em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.294em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4471em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2983em;top:24.2695em;"><span class="stl_46 stl_12 stl_49">428  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2715em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5233em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0246em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2765em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1946em;top:25.9333em;"><span class="stl_316 stl_08 stl_104">918  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9165em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1683em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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_478 stl_12 stl_676" 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_478 stl_12 stl_591" 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_478 stl_12 stl_619" 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_478 stl_12 stl_405" style="word-spacing:-0.048em;">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_478 stl_12 stl_539" 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_478 stl_12 stl_81" 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_478 stl_12 stl_688" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5849em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3405em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5924em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9286em;top:15.4681em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2068em;top:15.4681em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7993em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.663em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9149em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" 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_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7155em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9674em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.041em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4361em;top:18.0531em;"><span class="stl_316 stl_08 stl_102">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1255em;top:18.0531em;"><span class="stl_316 stl_08 stl_373">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7593em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2293em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4811em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" 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_46 stl_12 stl_73" style="word-spacing:-0.0039em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_424" style="word-spacing:-0.0068em;">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_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.562em;top:23.3483em;"><span class="stl_46 stl_12 stl_111">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3264em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5783em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5364em;top:24.2695em;"><span class="stl_46 stl_12 stl_405">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3208em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5727em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4277em;top:25.9333em;"><span class="stl_316 stl_08 stl_168">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7602em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2095em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4614em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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:27.8677em;"><span class="stl_478 stl_12 stl_676" 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:7.1412em;top:28.4512em;"><span class="stl_478 stl_12 stl_591" 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:5.1447em;top:29.0347em;"><span class="stl_478 stl_12 stl_619" 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:29.0347em;"><span class="stl_478 stl_12 stl_405" style="word-spacing:-0.048em;">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:7.1412em;top:29.6182em;"><span class="stl_478 stl_12 stl_539" 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:5.1447em;top:30.2017em;"><span class="stl_478 stl_12 stl_81" 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:30.2017em;"><span class="stl_478 stl_12 stl_688" 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_316 stl_08 stl_114" 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_46 stl_12 stl_76" 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_46 stl_12 stl_310" 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_46 stl_12 stl_56">before.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_316 stl_08 stl_514" 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_557 stl_17 stl_399" 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_46 stl_12 stl_116" 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_46 stl_12 stl_130" style="word-spacing:-0.0408em;">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_46 stl_12 stl_124" 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:18.7281em;"><span class="stl_316 stl_08 stl_619" 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:19.4856em;"><span class="stl_46 stl_12 stl_76" 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:20.2356em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0377em;">proceeds received, less transaction costs paid. In subsequent periods, the financial liabilities are mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9856em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">sured 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:21.7356em;"><span class="stl_46 stl_12 stl_619" 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:22.4856em;"><span class="stl_46 stl_12 stl_95" 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:23.9856em;"><span class="stl_46 stl_12 stl_13" 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:24.7356em;"><span class="stl_46 stl_12 stl_34" 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:25.4856em;"><span class="stl_46 stl_12 stl_54" 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:26.9856em;"><span class="stl_46 stl_12 stl_63" 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:27.7356em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2356em;"><span class="stl_46 stl_12 stl_558" 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_224 stl_08 stl_619" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3074em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.063em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3149em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6643em;top:15.4681em;"><span class="stl_46 stl_12 stl_347">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9043em;top:15.4681em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3868em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6387em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3549em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4393em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6912em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1106em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3624em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.0405em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5749em;top:18.0531em;"><span class="stl_316 stl_08 stl_335">1,381  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8199em;top:18.0531em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6818em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3049em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5568em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:20.2437em;"><span class="stl_46 stl_12 stl_589" style="word-spacing:-0.0042em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_583" style="word-spacing:-0.0072em;">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_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4415em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7765em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0283em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4321em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7365em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9883em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" 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_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4402em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6921em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0421em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.294em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4471em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2983em;top:24.2695em;"><span class="stl_46 stl_12 stl_49">428  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2715em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5233em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0246em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2765em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1946em;top:25.9333em;"><span class="stl_316 stl_08 stl_104">918  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9165em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1683em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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_478 stl_12 stl_676" 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_478 stl_12 stl_591" 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_478 stl_12 stl_619" 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_478 stl_12 stl_405" style="word-spacing:-0.048em;">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_478 stl_12 stl_539" 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_478 stl_12 stl_81" 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_478 stl_12 stl_688" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5849em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3405em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5924em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9286em;top:15.4681em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2068em;top:15.4681em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7993em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.663em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9149em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" 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_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7155em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9674em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.041em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4361em;top:18.0531em;"><span class="stl_316 stl_08 stl_102">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1255em;top:18.0531em;"><span class="stl_316 stl_08 stl_373">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7593em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2293em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4811em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" 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_46 stl_12 stl_73" style="word-spacing:-0.0039em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_424" style="word-spacing:-0.0068em;">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_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.562em;top:23.3483em;"><span class="stl_46 stl_12 stl_111">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3264em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5783em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5364em;top:24.2695em;"><span class="stl_46 stl_12 stl_405">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3208em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5727em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4277em;top:25.9333em;"><span class="stl_316 stl_08 stl_168">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7602em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2095em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4614em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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:27.8677em;"><span class="stl_478 stl_12 stl_676" 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:7.1412em;top:28.4512em;"><span class="stl_478 stl_12 stl_591" 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:5.1447em;top:29.0347em;"><span class="stl_478 stl_12 stl_619" 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:29.0347em;"><span class="stl_478 stl_12 stl_405" style="word-spacing:-0.048em;">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:7.1412em;top:29.6182em;"><span class="stl_478 stl_12 stl_539" 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:5.1447em;top:30.2017em;"><span class="stl_478 stl_12 stl_81" 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:30.2017em;"><span class="stl_478 stl_12 stl_688" 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_316 stl_08 stl_114" 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_46 stl_12 stl_76" 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_46 stl_12 stl_310" 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_46 stl_12 stl_56">before.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_316 stl_08 stl_514" 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_557 stl_17 stl_399" 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_46 stl_12 stl_116" 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_46 stl_12 stl_130" style="word-spacing:-0.0408em;">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_46 stl_12 stl_124" 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:18.7281em;"><span class="stl_316 stl_08 stl_619" 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:19.4856em;"><span class="stl_46 stl_12 stl_76" 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:20.2356em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0377em;">proceeds received, less transaction costs paid. In subsequent periods, the financial liabilities are mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9856em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">sured 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:21.7356em;"><span class="stl_46 stl_12 stl_619" 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:22.4856em;"><span class="stl_46 stl_12 stl_95" 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:23.9856em;"><span class="stl_46 stl_12 stl_13" 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:24.7356em;"><span class="stl_46 stl_12 stl_34" 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:25.4856em;"><span class="stl_46 stl_12 stl_54" 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:26.9856em;"><span class="stl_46 stl_12 stl_63" 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:27.7356em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2356em;"><span class="stl_46 stl_12 stl_558" 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_224 stl_08 stl_619" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3074em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.063em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3149em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6643em;top:15.4681em;"><span class="stl_46 stl_12 stl_347">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9043em;top:15.4681em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3868em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6387em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3549em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4393em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6912em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1106em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3624em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.0405em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5749em;top:18.0531em;"><span class="stl_316 stl_08 stl_335">1,381  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8199em;top:18.0531em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6818em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3049em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5568em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:20.2437em;"><span class="stl_46 stl_12 stl_589" style="word-spacing:-0.0042em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_583" style="word-spacing:-0.0072em;">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_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4415em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7765em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0283em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4321em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7365em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9883em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" 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_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4402em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6921em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0421em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.294em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4471em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2983em;top:24.2695em;"><span class="stl_46 stl_12 stl_49">428  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2715em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5233em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0246em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2765em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1946em;top:25.9333em;"><span class="stl_316 stl_08 stl_104">918  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9165em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1683em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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_478 stl_12 stl_676" 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_478 stl_12 stl_591" 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_478 stl_12 stl_619" 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_478 stl_12 stl_405" style="word-spacing:-0.048em;">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_478 stl_12 stl_539" 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_478 stl_12 stl_81" 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_478 stl_12 stl_688" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5849em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3405em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5924em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9286em;top:15.4681em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2068em;top:15.4681em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7993em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.663em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9149em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" 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_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7155em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9674em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.041em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4361em;top:18.0531em;"><span class="stl_316 stl_08 stl_102">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1255em;top:18.0531em;"><span class="stl_316 stl_08 stl_373">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7593em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2293em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4811em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" 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_46 stl_12 stl_73" style="word-spacing:-0.0039em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_424" style="word-spacing:-0.0068em;">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_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.562em;top:23.3483em;"><span class="stl_46 stl_12 stl_111">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3264em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5783em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5364em;top:24.2695em;"><span class="stl_46 stl_12 stl_405">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3208em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5727em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4277em;top:25.9333em;"><span class="stl_316 stl_08 stl_168">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7602em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2095em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4614em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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:27.8677em;"><span class="stl_478 stl_12 stl_676" 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:7.1412em;top:28.4512em;"><span class="stl_478 stl_12 stl_591" 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:5.1447em;top:29.0347em;"><span class="stl_478 stl_12 stl_619" 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:29.0347em;"><span class="stl_478 stl_12 stl_405" style="word-spacing:-0.048em;">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:7.1412em;top:29.6182em;"><span class="stl_478 stl_12 stl_539" 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:5.1447em;top:30.2017em;"><span class="stl_478 stl_12 stl_81" 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:30.2017em;"><span class="stl_478 stl_12 stl_688" 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_316 stl_08 stl_114" 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_46 stl_12 stl_76" 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_46 stl_12 stl_310" 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_46 stl_12 stl_56">before.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_316 stl_08 stl_514" 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_557 stl_17 stl_399" 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_46 stl_12 stl_116" 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_46 stl_12 stl_130" style="word-spacing:-0.0408em;">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_46 stl_12 stl_124" 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:18.7281em;"><span class="stl_316 stl_08 stl_619" 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:19.4856em;"><span class="stl_46 stl_12 stl_76" 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:20.2356em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0377em;">proceeds received, less transaction costs paid. In subsequent periods, the financial liabilities are mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9856em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">sured 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:21.7356em;"><span class="stl_46 stl_12 stl_619" 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:22.4856em;"><span class="stl_46 stl_12 stl_95" 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:23.9856em;"><span class="stl_46 stl_12 stl_13" 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:24.7356em;"><span class="stl_46 stl_12 stl_34" 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:25.4856em;"><span class="stl_46 stl_12 stl_54" 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:26.9856em;"><span class="stl_46 stl_12 stl_63" 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:27.7356em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2356em;"><span class="stl_46 stl_12 stl_558" 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_224 stl_08 stl_619" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3074em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.063em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3149em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6643em;top:15.4681em;"><span class="stl_46 stl_12 stl_347">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9043em;top:15.4681em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3868em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6387em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3549em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4393em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6912em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1106em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3624em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.0405em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5749em;top:18.0531em;"><span class="stl_316 stl_08 stl_335">1,381  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8199em;top:18.0531em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6818em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3049em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5568em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:20.2437em;"><span class="stl_46 stl_12 stl_589" style="word-spacing:-0.0042em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_583" style="word-spacing:-0.0072em;">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_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4415em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7765em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0283em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4321em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7365em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9883em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" 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_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4402em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6921em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0421em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.294em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4471em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2983em;top:24.2695em;"><span class="stl_46 stl_12 stl_49">428  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2715em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5233em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0246em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2765em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1946em;top:25.9333em;"><span class="stl_316 stl_08 stl_104">918  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9165em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1683em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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_478 stl_12 stl_676" 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_478 stl_12 stl_591" 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_478 stl_12 stl_619" 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_478 stl_12 stl_405" style="word-spacing:-0.048em;">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_478 stl_12 stl_539" 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_478 stl_12 stl_81" 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_478 stl_12 stl_688" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5849em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3405em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5924em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9286em;top:15.4681em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2068em;top:15.4681em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7993em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.663em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9149em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" 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_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7155em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9674em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.041em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4361em;top:18.0531em;"><span class="stl_316 stl_08 stl_102">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1255em;top:18.0531em;"><span class="stl_316 stl_08 stl_373">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7593em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2293em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4811em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" 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_46 stl_12 stl_73" style="word-spacing:-0.0039em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_424" style="word-spacing:-0.0068em;">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_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.562em;top:23.3483em;"><span class="stl_46 stl_12 stl_111">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3264em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5783em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5364em;top:24.2695em;"><span class="stl_46 stl_12 stl_405">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3208em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5727em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4277em;top:25.9333em;"><span class="stl_316 stl_08 stl_168">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7602em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2095em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4614em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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:27.8677em;"><span class="stl_478 stl_12 stl_676" 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:7.1412em;top:28.4512em;"><span class="stl_478 stl_12 stl_591" 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:5.1447em;top:29.0347em;"><span class="stl_478 stl_12 stl_619" 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:29.0347em;"><span class="stl_478 stl_12 stl_405" style="word-spacing:-0.048em;">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:7.1412em;top:29.6182em;"><span class="stl_478 stl_12 stl_539" 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:5.1447em;top:30.2017em;"><span class="stl_478 stl_12 stl_81" 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:30.2017em;"><span class="stl_478 stl_12 stl_688" 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_316 stl_08 stl_114" 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_46 stl_12 stl_76" 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_46 stl_12 stl_310" 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_46 stl_12 stl_56">before.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_316 stl_08 stl_514" 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_557 stl_17 stl_399" 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_46 stl_12 stl_116" 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_46 stl_12 stl_130" style="word-spacing:-0.0408em;">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_46 stl_12 stl_124" 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:18.7281em;"><span class="stl_316 stl_08 stl_619" 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:19.4856em;"><span class="stl_46 stl_12 stl_76" 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:20.2356em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0377em;">proceeds received, less transaction costs paid. In subsequent periods, the financial liabilities are mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9856em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">sured 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:21.7356em;"><span class="stl_46 stl_12 stl_619" 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:22.4856em;"><span class="stl_46 stl_12 stl_95" 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:23.9856em;"><span class="stl_46 stl_12 stl_13" 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:24.7356em;"><span class="stl_46 stl_12 stl_34" 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:25.4856em;"><span class="stl_46 stl_12 stl_54" 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:26.9856em;"><span class="stl_46 stl_12 stl_63" 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:27.7356em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2356em;"><span class="stl_46 stl_12 stl_558" 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_224 stl_08 stl_619" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3013em;top:10.4899em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:10.4899em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0487em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0157em;top:12.0487em;"><span class="stl_46 stl_12 stl_405">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3657em;top:12.0487em;"><span class="stl_46 stl_12 stl_554">512  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.9624em;"><span class="stl_316 stl_08 stl_361" 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:64.9057em;top:12.9624em;"><span class="stl_316 stl_08 stl_278">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2213em;top:12.9624em;"><span class="stl_316 stl_08 stl_622">512  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.403em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4226em;top:14.403em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6707em;top:14.403em;"><span class="stl_46 stl_12 stl_437">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.3168em;"><span class="stl_316 stl_08 stl_453" 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:65.3482em;top:15.3168em;"><span class="stl_316 stl_08 stl_52">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5869em;top:15.3168em;"><span class="stl_316 stl_08 stl_57">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.7499em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0408em;">Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9144em;top:16.7499em;"><span class="stl_316 stl_08 stl_189">558  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1651em;top:16.7499em;"><span class="stl_316 stl_08 stl_166">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:18.2268em;"><span class="stl_46 stl_12 stl_485" 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:19.6854em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3013em;top:19.6779em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:19.6779em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.2366em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0363em;">Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0319em;top:21.2366em;"><span class="stl_46 stl_12 stl_166">558  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2763em;top:21.2366em;"><span class="stl_46 stl_12 stl_76">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.1579em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8863em;top:22.1579em;"><span class="stl_46 stl_12 stl_370">-</span><span class="stl_46 stl_12 stl_397">6</span><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1663em;top:22.1579em;"><span class="stl_46 stl_12 stl_666">-157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.0716em;"><span class="stl_316 stl_08 stl_64" style="word-spacing:-0.042em;">Net interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1188em;top:23.0716em;"><span class="stl_316 stl_08 stl_135">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1763em;top:23.0716em;"><span class="stl_316 stl_08 stl_295">427  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_224 stl_08 stl_619" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3074em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.063em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3149em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6643em;top:15.4681em;"><span class="stl_46 stl_12 stl_347">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9043em;top:15.4681em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3868em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6387em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3549em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4393em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6912em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1106em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3624em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.0405em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5749em;top:18.0531em;"><span class="stl_316 stl_08 stl_335">1,381  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8199em;top:18.0531em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6818em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3049em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5568em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:20.2437em;"><span class="stl_46 stl_12 stl_589" style="word-spacing:-0.0042em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_583" style="word-spacing:-0.0072em;">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_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4415em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7765em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0283em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4321em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7365em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9883em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" 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_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4402em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6921em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0421em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.294em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4471em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2983em;top:24.2695em;"><span class="stl_46 stl_12 stl_49">428  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2715em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5233em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0246em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2765em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1946em;top:25.9333em;"><span class="stl_316 stl_08 stl_104">918  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9165em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1683em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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_478 stl_12 stl_676" 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_478 stl_12 stl_591" 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_478 stl_12 stl_619" 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_478 stl_12 stl_405" style="word-spacing:-0.048em;">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_478 stl_12 stl_539" 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_478 stl_12 stl_81" 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_478 stl_12 stl_688" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5849em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3405em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5924em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9286em;top:15.4681em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2068em;top:15.4681em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7993em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.663em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9149em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" 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_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7155em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9674em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.041em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4361em;top:18.0531em;"><span class="stl_316 stl_08 stl_102">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1255em;top:18.0531em;"><span class="stl_316 stl_08 stl_373">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7593em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2293em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4811em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" 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_46 stl_12 stl_73" style="word-spacing:-0.0039em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_424" style="word-spacing:-0.0068em;">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_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.562em;top:23.3483em;"><span class="stl_46 stl_12 stl_111">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3264em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5783em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5364em;top:24.2695em;"><span class="stl_46 stl_12 stl_405">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3208em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5727em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4277em;top:25.9333em;"><span class="stl_316 stl_08 stl_168">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7602em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2095em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4614em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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:27.8677em;"><span class="stl_478 stl_12 stl_676" 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:7.1412em;top:28.4512em;"><span class="stl_478 stl_12 stl_591" 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:5.1447em;top:29.0347em;"><span class="stl_478 stl_12 stl_619" 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:29.0347em;"><span class="stl_478 stl_12 stl_405" style="word-spacing:-0.048em;">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:7.1412em;top:29.6182em;"><span class="stl_478 stl_12 stl_539" 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:5.1447em;top:30.2017em;"><span class="stl_478 stl_12 stl_81" 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:30.2017em;"><span class="stl_478 stl_12 stl_688" 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_316 stl_08 stl_114" 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_46 stl_12 stl_76" 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_46 stl_12 stl_310" 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_46 stl_12 stl_56">before.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_316 stl_08 stl_514" 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_557 stl_17 stl_399" 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_46 stl_12 stl_116" 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_46 stl_12 stl_130" style="word-spacing:-0.0408em;">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_46 stl_12 stl_124" 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:18.7281em;"><span class="stl_316 stl_08 stl_619" 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:19.4856em;"><span class="stl_46 stl_12 stl_76" 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:20.2356em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0377em;">proceeds received, less transaction costs paid. In subsequent periods, the financial liabilities are mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9856em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">sured 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:21.7356em;"><span class="stl_46 stl_12 stl_619" 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:22.4856em;"><span class="stl_46 stl_12 stl_95" 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:23.9856em;"><span class="stl_46 stl_12 stl_13" 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:24.7356em;"><span class="stl_46 stl_12 stl_34" 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:25.4856em;"><span class="stl_46 stl_12 stl_54" 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:26.9856em;"><span class="stl_46 stl_12 stl_63" 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:27.7356em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2356em;"><span class="stl_46 stl_12 stl_558" 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_224 stl_08 stl_619" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3074em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.063em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3149em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6643em;top:15.4681em;"><span class="stl_46 stl_12 stl_347">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9043em;top:15.4681em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3868em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6387em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3549em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4393em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6912em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1106em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3624em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.0405em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5749em;top:18.0531em;"><span class="stl_316 stl_08 stl_335">1,381  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8199em;top:18.0531em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6818em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3049em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5568em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:20.2437em;"><span class="stl_46 stl_12 stl_589" style="word-spacing:-0.0042em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_583" style="word-spacing:-0.0072em;">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_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4415em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7765em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0283em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4321em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7365em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9883em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" 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_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4402em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6921em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0421em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.294em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4471em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2983em;top:24.2695em;"><span class="stl_46 stl_12 stl_49">428  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2715em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5233em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0246em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2765em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1946em;top:25.9333em;"><span class="stl_316 stl_08 stl_104">918  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9165em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1683em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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_478 stl_12 stl_676" 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_478 stl_12 stl_591" 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_478 stl_12 stl_619" 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_478 stl_12 stl_405" style="word-spacing:-0.048em;">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_478 stl_12 stl_539" 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_478 stl_12 stl_81" 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_478 stl_12 stl_688" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5849em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3405em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5924em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9286em;top:15.4681em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2068em;top:15.4681em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7993em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.663em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9149em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" 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_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7155em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9674em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.041em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4361em;top:18.0531em;"><span class="stl_316 stl_08 stl_102">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1255em;top:18.0531em;"><span class="stl_316 stl_08 stl_373">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7593em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2293em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4811em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" 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_46 stl_12 stl_73" style="word-spacing:-0.0039em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_424" style="word-spacing:-0.0068em;">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_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.562em;top:23.3483em;"><span class="stl_46 stl_12 stl_111">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3264em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5783em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5364em;top:24.2695em;"><span class="stl_46 stl_12 stl_405">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3208em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5727em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4277em;top:25.9333em;"><span class="stl_316 stl_08 stl_168">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7602em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2095em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4614em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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:27.8677em;"><span class="stl_478 stl_12 stl_676" 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:7.1412em;top:28.4512em;"><span class="stl_478 stl_12 stl_591" 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:5.1447em;top:29.0347em;"><span class="stl_478 stl_12 stl_619" 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:29.0347em;"><span class="stl_478 stl_12 stl_405" style="word-spacing:-0.048em;">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:7.1412em;top:29.6182em;"><span class="stl_478 stl_12 stl_539" 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:5.1447em;top:30.2017em;"><span class="stl_478 stl_12 stl_81" 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:30.2017em;"><span class="stl_478 stl_12 stl_688" 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_316 stl_08 stl_114" 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_46 stl_12 stl_76" 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_46 stl_12 stl_310" 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_46 stl_12 stl_56">before.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_316 stl_08 stl_514" 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_557 stl_17 stl_399" 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_46 stl_12 stl_116" 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_46 stl_12 stl_130" style="word-spacing:-0.0408em;">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_46 stl_12 stl_124" 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:18.7281em;"><span class="stl_316 stl_08 stl_619" 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:19.4856em;"><span class="stl_46 stl_12 stl_76" 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:20.2356em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0377em;">proceeds received, less transaction costs paid. In subsequent periods, the financial liabilities are mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9856em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">sured 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:21.7356em;"><span class="stl_46 stl_12 stl_619" 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:22.4856em;"><span class="stl_46 stl_12 stl_95" 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:23.9856em;"><span class="stl_46 stl_12 stl_13" 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:24.7356em;"><span class="stl_46 stl_12 stl_34" 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:25.4856em;"><span class="stl_46 stl_12 stl_54" 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:26.9856em;"><span class="stl_46 stl_12 stl_63" 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:27.7356em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2356em;"><span class="stl_46 stl_12 stl_558" 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_224 stl_08 stl_619" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3074em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.063em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3149em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6643em;top:15.4681em;"><span class="stl_46 stl_12 stl_347">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9043em;top:15.4681em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3868em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6387em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3549em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4393em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6912em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1106em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3624em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.0405em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5749em;top:18.0531em;"><span class="stl_316 stl_08 stl_335">1,381  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8199em;top:18.0531em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6818em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3049em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5568em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:20.2437em;"><span class="stl_46 stl_12 stl_589" style="word-spacing:-0.0042em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_583" style="word-spacing:-0.0072em;">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_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4415em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7765em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0283em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4321em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7365em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9883em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" 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_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4402em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6921em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0421em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.294em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4471em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2983em;top:24.2695em;"><span class="stl_46 stl_12 stl_49">428  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2715em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5233em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0246em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2765em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1946em;top:25.9333em;"><span class="stl_316 stl_08 stl_104">918  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9165em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1683em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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_478 stl_12 stl_676" 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_478 stl_12 stl_591" 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_478 stl_12 stl_619" 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_478 stl_12 stl_405" style="word-spacing:-0.048em;">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_478 stl_12 stl_539" 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_478 stl_12 stl_81" 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_478 stl_12 stl_688" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5849em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3405em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5924em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9286em;top:15.4681em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2068em;top:15.4681em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7993em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.663em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9149em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" 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_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7155em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9674em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.041em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4361em;top:18.0531em;"><span class="stl_316 stl_08 stl_102">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1255em;top:18.0531em;"><span class="stl_316 stl_08 stl_373">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7593em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2293em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4811em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" 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_46 stl_12 stl_73" style="word-spacing:-0.0039em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_424" style="word-spacing:-0.0068em;">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_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.562em;top:23.3483em;"><span class="stl_46 stl_12 stl_111">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3264em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5783em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5364em;top:24.2695em;"><span class="stl_46 stl_12 stl_405">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3208em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5727em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4277em;top:25.9333em;"><span class="stl_316 stl_08 stl_168">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7602em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2095em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4614em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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:27.8677em;"><span class="stl_478 stl_12 stl_676" 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:7.1412em;top:28.4512em;"><span class="stl_478 stl_12 stl_591" 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:5.1447em;top:29.0347em;"><span class="stl_478 stl_12 stl_619" 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:29.0347em;"><span class="stl_478 stl_12 stl_405" style="word-spacing:-0.048em;">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:7.1412em;top:29.6182em;"><span class="stl_478 stl_12 stl_539" 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:5.1447em;top:30.2017em;"><span class="stl_478 stl_12 stl_81" 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:30.2017em;"><span class="stl_478 stl_12 stl_688" 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_316 stl_08 stl_114" 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_46 stl_12 stl_76" 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_46 stl_12 stl_310" 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_46 stl_12 stl_56">before.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_316 stl_08 stl_514" 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_557 stl_17 stl_399" 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_46 stl_12 stl_116" 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_46 stl_12 stl_130" style="word-spacing:-0.0408em;">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_46 stl_12 stl_124" 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:18.7281em;"><span class="stl_316 stl_08 stl_619" 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:19.4856em;"><span class="stl_46 stl_12 stl_76" 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:20.2356em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0377em;">proceeds received, less transaction costs paid. In subsequent periods, the financial liabilities are mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9856em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">sured 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:21.7356em;"><span class="stl_46 stl_12 stl_619" 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:22.4856em;"><span class="stl_46 stl_12 stl_95" 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:23.9856em;"><span class="stl_46 stl_12 stl_13" 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:24.7356em;"><span class="stl_46 stl_12 stl_34" 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:25.4856em;"><span class="stl_46 stl_12 stl_54" 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:26.9856em;"><span class="stl_46 stl_12 stl_63" 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:27.7356em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2356em;"><span class="stl_46 stl_12 stl_558" 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_224 stl_08 stl_619" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3074em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.063em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3149em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6643em;top:15.4681em;"><span class="stl_46 stl_12 stl_347">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9043em;top:15.4681em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3868em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6387em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3549em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4393em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6912em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1106em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3624em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.0405em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5749em;top:18.0531em;"><span class="stl_316 stl_08 stl_335">1,381  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8199em;top:18.0531em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6818em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3049em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5568em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:20.2437em;"><span class="stl_46 stl_12 stl_589" style="word-spacing:-0.0042em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_583" style="word-spacing:-0.0072em;">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_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4415em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7765em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0283em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4321em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7365em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9883em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" 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_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4402em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6921em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0421em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.294em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4471em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2983em;top:24.2695em;"><span class="stl_46 stl_12 stl_49">428  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2715em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5233em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0246em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2765em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1946em;top:25.9333em;"><span class="stl_316 stl_08 stl_104">918  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9165em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1683em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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_478 stl_12 stl_676" 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_478 stl_12 stl_591" 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_478 stl_12 stl_619" 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_478 stl_12 stl_405" style="word-spacing:-0.048em;">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_478 stl_12 stl_539" 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_478 stl_12 stl_81" 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_478 stl_12 stl_688" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5849em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3405em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5924em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9286em;top:15.4681em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2068em;top:15.4681em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7993em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.663em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9149em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" 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_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7155em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9674em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.041em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4361em;top:18.0531em;"><span class="stl_316 stl_08 stl_102">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1255em;top:18.0531em;"><span class="stl_316 stl_08 stl_373">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7593em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2293em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4811em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" 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_46 stl_12 stl_73" style="word-spacing:-0.0039em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_424" style="word-spacing:-0.0068em;">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_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.562em;top:23.3483em;"><span class="stl_46 stl_12 stl_111">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3264em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5783em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5364em;top:24.2695em;"><span class="stl_46 stl_12 stl_405">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3208em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5727em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4277em;top:25.9333em;"><span class="stl_316 stl_08 stl_168">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7602em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2095em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4614em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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:27.8677em;"><span class="stl_478 stl_12 stl_676" 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:7.1412em;top:28.4512em;"><span class="stl_478 stl_12 stl_591" 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:5.1447em;top:29.0347em;"><span class="stl_478 stl_12 stl_619" 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:29.0347em;"><span class="stl_478 stl_12 stl_405" style="word-spacing:-0.048em;">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:7.1412em;top:29.6182em;"><span class="stl_478 stl_12 stl_539" 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:5.1447em;top:30.2017em;"><span class="stl_478 stl_12 stl_81" 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:30.2017em;"><span class="stl_478 stl_12 stl_688" 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_316 stl_08 stl_114" 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_46 stl_12 stl_76" 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_46 stl_12 stl_310" 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_46 stl_12 stl_56">before.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_316 stl_08 stl_514" 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_557 stl_17 stl_399" 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_46 stl_12 stl_116" 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_46 stl_12 stl_130" style="word-spacing:-0.0408em;">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_46 stl_12 stl_124" 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:18.7281em;"><span class="stl_316 stl_08 stl_619" 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:19.4856em;"><span class="stl_46 stl_12 stl_76" 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:20.2356em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0377em;">proceeds received, less transaction costs paid. In subsequent periods, the financial liabilities are mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9856em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">sured 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:21.7356em;"><span class="stl_46 stl_12 stl_619" 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:22.4856em;"><span class="stl_46 stl_12 stl_95" 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:23.9856em;"><span class="stl_46 stl_12 stl_13" 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:24.7356em;"><span class="stl_46 stl_12 stl_34" 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:25.4856em;"><span class="stl_46 stl_12 stl_54" 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:26.9856em;"><span class="stl_46 stl_12 stl_63" 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:27.7356em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2356em;"><span class="stl_46 stl_12 stl_558" 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_224 stl_08 stl_619" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:50.8662em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.9612em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:13.6181em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3074em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4405em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6924em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.063em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3149em;top:14.5468em;"><span class="stl_46 stl_12 stl_859">745  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.6643em;top:15.4681em;"><span class="stl_46 stl_12 stl_347">21  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.9043em;top:15.4681em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6918em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.3868em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6387em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4468em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.3549em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4393em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6912em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1106em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3624em;top:16.3893em;"><span class="stl_46 stl_12 stl_324">615  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.0405em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.5749em;top:18.0531em;"><span class="stl_316 stl_08 stl_335">1,381  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.8199em;top:18.0531em;"><span class="stl_316 stl_08 stl_231">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6818em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3049em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.5568em;top:18.0531em;"><span class="stl_316 stl_08 stl_142">1,404  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4462em;top:20.2437em;"><span class="stl_46 stl_12 stl_589" style="word-spacing:-0.0042em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_583" style="word-spacing:-0.0072em;">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_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4415em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6933em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7765em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0283em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4483em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4321em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.684em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7365em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9883em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" 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_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.4402em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.6921em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0421em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.294em;top:23.3483em;"><span class="stl_46 stl_12 stl_295">490  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4471em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.2983em;top:24.2695em;"><span class="stl_46 stl_12 stl_49">428  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2715em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.5233em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0246em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2765em;top:24.2695em;"><span class="stl_46 stl_12 stl_118">439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.1946em;top:25.9333em;"><span class="stl_316 stl_08 stl_104">918  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:57.2327em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:61.4846em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9165em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1683em;top:25.9333em;"><span class="stl_316 stl_08 stl_251">929  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.8691em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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_478 stl_12 stl_676" 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_478 stl_12 stl_591" 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_478 stl_12 stl_619" 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_478 stl_12 stl_405" style="word-spacing:-0.048em;">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_478 stl_12 stl_539" 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_478 stl_12 stl_81" 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_478 stl_12 stl_688" 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_316 stl_08 stl_522" 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_316 stl_08 stl_711">Carrying  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7243em;top:12.0743em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1418em;top:12.0668em;"><span class="stl_316 stl_08 stl_930">0</span><span class="stl_316 stl_08 stl_436">-</span><span class="stl_316 stl_08 stl_55" 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_316 stl_08 stl_51" 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_316 stl_08 stl_116" 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_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.2368em;top:12.0668em;"><span class="stl_316 stl_08 stl_13">amount  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:13.6181em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7236em;top:14.5468em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">Trade receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5849em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7161em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.968em;top:14.5468em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3405em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5924em;top:14.5468em;"><span class="stl_46 stl_12 stl_347">766  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:15.4681em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0403em;">Other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.9286em;top:15.4681em;"><span class="stl_46 stl_12 stl_73">25  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2068em;top:15.4681em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7993em;top:15.4681em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.663em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9149em;top:15.4681em;"><span class="stl_46 stl_12 stl_637">44  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.723em;top:16.3893em;"><span class="stl_46 stl_12 stl_322" 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_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.7155em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9674em;top:16.3893em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3511em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.603em;top:16.3893em;"><span class="stl_46 stl_12 stl_857">157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:17.3031em;"><span class="stl_316 stl_08 stl_337" style="word-spacing:-0.041em;">Financial assets measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:18.0531em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4361em;top:18.0531em;"><span class="stl_316 stl_08 stl_102">948  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1255em;top:18.0531em;"><span class="stl_316 stl_08 stl_373">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7593em;top:18.0531em;"><span class="stl_316 stl_08 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2293em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4811em;top:18.0531em;"><span class="stl_316 stl_08 stl_376">967  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7224em;top:19.4937em;"><span class="stl_46 stl_12 stl_60" 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_46 stl_12 stl_73" style="word-spacing:-0.0039em;">(level 2)</span><sup style="top: -0.2079em;"><span class="stl_703 stl_12 stl_424" style="word-spacing:-0.0068em;">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_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:20.2439em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7377em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9895em;top:20.2439em;"><span class="stl_46 stl_12 stl_70">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:21.1577em;"><span class="stl_316 stl_08 stl_468" 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_316 stl_08 stl_320" 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_316 stl_08 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9595em;top:21.9077em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6495em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9014em;top:21.9077em;"><span class="stl_316 stl_08 stl_879">11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:23.3483em;"><span class="stl_46 stl_12 stl_202" style="word-spacing:-0.0245em;">Trade payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.562em;top:23.3483em;"><span class="stl_46 stl_12 stl_111">357  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9689em;top:23.3483em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3264em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5783em;top:23.3483em;"><span class="stl_46 stl_12 stl_329">359  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:24.2695em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Other payables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.5364em;top:24.2695em;"><span class="stl_46 stl_12 stl_405">485  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5483em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8002em;top:24.2695em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3208em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5727em;top:24.2695em;"><span class="stl_46 stl_12 stl_257">492  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.1833em;"><span class="stl_316 stl_08 stl_116" style="word-spacing:-0.037em;">Financial liabilities measured  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:25.9333em;"><span class="stl_316 stl_08 stl_356" style="word-spacing:-0.047em;">at amortised cost  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.4277em;top:25.9333em;"><span class="stl_316 stl_08 stl_168">842  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.5083em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7602em;top:25.9333em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2095em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4614em;top:25.9333em;"><span class="stl_316 stl_08 stl_53">851  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.9061em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1447em;top:27.8677em;"><span class="stl_478 stl_12 stl_238" 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:27.8677em;"><span class="stl_478 stl_12 stl_676" 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:7.1412em;top:28.4512em;"><span class="stl_478 stl_12 stl_591" 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:5.1447em;top:29.0347em;"><span class="stl_478 stl_12 stl_619" 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:29.0347em;"><span class="stl_478 stl_12 stl_405" style="word-spacing:-0.048em;">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:7.1412em;top:29.6182em;"><span class="stl_478 stl_12 stl_539" 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:5.1447em;top:30.2017em;"><span class="stl_478 stl_12 stl_81" 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:30.2017em;"><span class="stl_478 stl_12 stl_688" 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_316 stl_08 stl_114" 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_46 stl_12 stl_76" 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_46 stl_12 stl_310" 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_46 stl_12 stl_56">before.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.2281em;"><span class="stl_316 stl_08 stl_514" 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_557 stl_17 stl_399" 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_46 stl_12 stl_116" 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_46 stl_12 stl_130" style="word-spacing:-0.0408em;">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_46 stl_12 stl_124" 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:18.7281em;"><span class="stl_316 stl_08 stl_619" 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:19.4856em;"><span class="stl_46 stl_12 stl_76" 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:20.2356em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0377em;">proceeds received, less transaction costs paid. In subsequent periods, the financial liabilities are mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9856em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">sured 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:21.7356em;"><span class="stl_46 stl_12 stl_619" 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:22.4856em;"><span class="stl_46 stl_12 stl_95" 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:23.9856em;"><span class="stl_46 stl_12 stl_13" 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:24.7356em;"><span class="stl_46 stl_12 stl_34" 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:25.4856em;"><span class="stl_46 stl_12 stl_54" 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:26.9856em;"><span class="stl_46 stl_12 stl_63" 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:27.7356em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2356em;"><span class="stl_46 stl_12 stl_558" 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:18.7281em;"><span class="stl_316 stl_08 stl_619" 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:19.4856em;"><span class="stl_46 stl_12 stl_76" 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:20.2356em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0377em;">proceeds received, less transaction costs paid. In subsequent periods, the financial liabilities are mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9856em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">sured 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:21.7356em;"><span class="stl_46 stl_12 stl_619" 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:22.4856em;"><span class="stl_46 stl_12 stl_95" 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:23.9856em;"><span class="stl_46 stl_12 stl_13" 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:24.7356em;"><span class="stl_46 stl_12 stl_34" 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:25.4856em;"><span class="stl_46 stl_12 stl_54" 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:26.9856em;"><span class="stl_46 stl_12 stl_63" 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:27.7356em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2356em;"><span class="stl_46 stl_12 stl_558" 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:18.7281em;"><span class="stl_316 stl_08 stl_619" 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:19.4856em;"><span class="stl_46 stl_12 stl_76" 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:20.2356em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0377em;">proceeds received, less transaction costs paid. In subsequent periods, the financial liabilities are mea-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.9856em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">sured 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:21.7356em;"><span class="stl_46 stl_12 stl_619" 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:22.4856em;"><span class="stl_46 stl_12 stl_95" 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:23.9856em;"><span class="stl_46 stl_12 stl_13" 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:24.7356em;"><span class="stl_46 stl_12 stl_34" 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:25.4856em;"><span class="stl_46 stl_12 stl_54" 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:26.9856em;"><span class="stl_46 stl_12 stl_63" 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:27.7356em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0384em;">income statement.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:29.2356em;"><span class="stl_46 stl_12 stl_558" 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:9.2258em;"><span class="stl_224 stl_08 stl_76" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Interest income, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7169em;top:12.0487em;"><span class="stl_46 stl_12 stl_97">14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:12.0487em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.9699em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">Interest income, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:12.9699em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4725em;top:12.9699em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.8912em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.03em;">Foreign exchange gains, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:13.8912em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4725em;top:13.8912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.8124em;"><span class="stl_46 stl_12 stl_122" 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:31.2207em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.7262em;"><span class="stl_316 stl_08 stl_47" style="word-spacing:-0.0343em;">Financial income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6338em;top:15.7262em;"><span class="stl_316 stl_08 stl_541">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2638em;top:15.7262em;"><span class="stl_316 stl_08 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.1955em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.953em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign cur-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.703em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">rencies and amortisation of financial assets and liabilities, including leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.1617em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:20.1542em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:20.1542em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.713em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Interest expenses, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:21.713em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9438em;top:21.713em;"><span class="stl_46 stl_12 stl_49">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.6342em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Interest expenses, leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:22.6342em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9788em;top:22.6342em;"><span class="stl_46 stl_12 stl_98">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.5555em;"><span class="stl_46 stl_12 stl_517" 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:23.5555em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:23.5555em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.4767em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">Foreign exchange loss, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:24.4767em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:24.4767em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.398em;"><span class="stl_46 stl_12 stl_123" 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:31.2213em;top:25.398em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:25.398em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.3117em;"><span class="stl_316 stl_08 stl_122" style="word-spacing:-0.0355em;">Financial expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6144em;top:26.3117em;"><span class="stl_316 stl_08 stl_301">27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8544em;top:26.3117em;"><span class="stl_316 stl_08 stl_231">86  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_224 stl_08 stl_76" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Interest income, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7169em;top:12.0487em;"><span class="stl_46 stl_12 stl_97">14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:12.0487em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.9699em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">Interest income, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:12.9699em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4725em;top:12.9699em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.8912em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.03em;">Foreign exchange gains, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:13.8912em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4725em;top:13.8912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.8124em;"><span class="stl_46 stl_12 stl_122" 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:31.2207em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.7262em;"><span class="stl_316 stl_08 stl_47" style="word-spacing:-0.0343em;">Financial income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6338em;top:15.7262em;"><span class="stl_316 stl_08 stl_541">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2638em;top:15.7262em;"><span class="stl_316 stl_08 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.1955em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.953em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign cur-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.703em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">rencies and amortisation of financial assets and liabilities, including leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.1617em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:20.1542em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:20.1542em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.713em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Interest expenses, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:21.713em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9438em;top:21.713em;"><span class="stl_46 stl_12 stl_49">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.6342em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Interest expenses, leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:22.6342em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9788em;top:22.6342em;"><span class="stl_46 stl_12 stl_98">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.5555em;"><span class="stl_46 stl_12 stl_517" 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:23.5555em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:23.5555em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.4767em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">Foreign exchange loss, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:24.4767em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:24.4767em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.398em;"><span class="stl_46 stl_12 stl_123" 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:31.2213em;top:25.398em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:25.398em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.3117em;"><span class="stl_316 stl_08 stl_122" style="word-spacing:-0.0355em;">Financial expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6144em;top:26.3117em;"><span class="stl_316 stl_08 stl_301">27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8544em;top:26.3117em;"><span class="stl_316 stl_08 stl_231">86  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_224 stl_08 stl_76" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Interest income, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7169em;top:12.0487em;"><span class="stl_46 stl_12 stl_97">14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:12.0487em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.9699em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">Interest income, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:12.9699em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4725em;top:12.9699em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.8912em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.03em;">Foreign exchange gains, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:13.8912em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4725em;top:13.8912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.8124em;"><span class="stl_46 stl_12 stl_122" 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:31.2207em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.7262em;"><span class="stl_316 stl_08 stl_47" style="word-spacing:-0.0343em;">Financial income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6338em;top:15.7262em;"><span class="stl_316 stl_08 stl_541">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2638em;top:15.7262em;"><span class="stl_316 stl_08 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.1955em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.953em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign cur-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.703em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">rencies and amortisation of financial assets and liabilities, including leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.1617em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:20.1542em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:20.1542em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.713em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Interest expenses, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:21.713em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9438em;top:21.713em;"><span class="stl_46 stl_12 stl_49">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.6342em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Interest expenses, leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:22.6342em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9788em;top:22.6342em;"><span class="stl_46 stl_12 stl_98">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.5555em;"><span class="stl_46 stl_12 stl_517" 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:23.5555em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:23.5555em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.4767em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">Foreign exchange loss, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:24.4767em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:24.4767em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.398em;"><span class="stl_46 stl_12 stl_123" 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:31.2213em;top:25.398em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:25.398em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.3117em;"><span class="stl_316 stl_08 stl_122" style="word-spacing:-0.0355em;">Financial expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6144em;top:26.3117em;"><span class="stl_316 stl_08 stl_301">27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8544em;top:26.3117em;"><span class="stl_316 stl_08 stl_231">86  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_224 stl_08 stl_76" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Interest income, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7169em;top:12.0487em;"><span class="stl_46 stl_12 stl_97">14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:12.0487em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.9699em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">Interest income, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:12.9699em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4725em;top:12.9699em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.8912em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.03em;">Foreign exchange gains, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:13.8912em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4725em;top:13.8912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.8124em;"><span class="stl_46 stl_12 stl_122" 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:31.2207em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.7262em;"><span class="stl_316 stl_08 stl_47" style="word-spacing:-0.0343em;">Financial income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6338em;top:15.7262em;"><span class="stl_316 stl_08 stl_541">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2638em;top:15.7262em;"><span class="stl_316 stl_08 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.1955em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.953em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign cur-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.703em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">rencies and amortisation of financial assets and liabilities, including leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.1617em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:20.1542em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:20.1542em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.713em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Interest expenses, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:21.713em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9438em;top:21.713em;"><span class="stl_46 stl_12 stl_49">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.6342em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Interest expenses, leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:22.6342em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9788em;top:22.6342em;"><span class="stl_46 stl_12 stl_98">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.5555em;"><span class="stl_46 stl_12 stl_517" 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:23.5555em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:23.5555em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.4767em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">Foreign exchange loss, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:24.4767em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:24.4767em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.398em;"><span class="stl_46 stl_12 stl_123" 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:31.2213em;top:25.398em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:25.398em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.3117em;"><span class="stl_316 stl_08 stl_122" style="word-spacing:-0.0355em;">Financial expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6144em;top:26.3117em;"><span class="stl_316 stl_08 stl_301">27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8544em;top:26.3117em;"><span class="stl_316 stl_08 stl_231">86  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_224 stl_08 stl_76" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.0349em;">Interest income, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7169em;top:12.0487em;"><span class="stl_46 stl_12 stl_97">14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:12.0487em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:12.9699em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">Interest income, others  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:12.9699em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4725em;top:12.9699em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:13.8912em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.03em;">Foreign exchange gains, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:13.8912em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4725em;top:13.8912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:14.8124em;"><span class="stl_46 stl_12 stl_122" 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:31.2207em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:15.7262em;"><span class="stl_316 stl_08 stl_47" style="word-spacing:-0.0343em;">Financial income  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6338em;top:15.7262em;"><span class="stl_316 stl_08 stl_541">16  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.2638em;top:15.7262em;"><span class="stl_316 stl_08 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.1955em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.953em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign cur-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.703em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">rencies and amortisation of financial assets and liabilities, including leases.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.1617em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:20.1542em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:20.1542em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.713em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Interest expenses, banks  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:21.713em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9438em;top:21.713em;"><span class="stl_46 stl_12 stl_49">42  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.6342em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0415em;">Interest expenses, leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6863em;top:22.6342em;"><span class="stl_46 stl_12 stl_100">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9788em;top:22.6342em;"><span class="stl_46 stl_12 stl_98">17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.5555em;"><span class="stl_46 stl_12 stl_517" 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:23.5555em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:23.5555em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.4767em;"><span class="stl_46 stl_12 stl_51" style="word-spacing:-0.032em;">Foreign exchange loss, net  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:24.4767em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:24.4767em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:25.398em;"><span class="stl_46 stl_12 stl_123" 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:31.2213em;top:25.398em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:25.398em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.3117em;"><span class="stl_316 stl_08 stl_122" style="word-spacing:-0.0355em;">Financial expenses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6144em;top:26.3117em;"><span class="stl_316 stl_08 stl_301">27  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8544em;top:26.3117em;"><span class="stl_316 stl_08 stl_231">86  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_224 stl_08 stl_619" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3013em;top:10.4899em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:10.4899em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0487em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0157em;top:12.0487em;"><span class="stl_46 stl_12 stl_405">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3657em;top:12.0487em;"><span class="stl_46 stl_12 stl_554">512  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.9624em;"><span class="stl_316 stl_08 stl_361" 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:64.9057em;top:12.9624em;"><span class="stl_316 stl_08 stl_278">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2213em;top:12.9624em;"><span class="stl_316 stl_08 stl_622">512  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.403em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4226em;top:14.403em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6707em;top:14.403em;"><span class="stl_46 stl_12 stl_437">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.3168em;"><span class="stl_316 stl_08 stl_453" 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:65.3482em;top:15.3168em;"><span class="stl_316 stl_08 stl_52">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5869em;top:15.3168em;"><span class="stl_316 stl_08 stl_57">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.7499em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0408em;">Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9144em;top:16.7499em;"><span class="stl_316 stl_08 stl_189">558  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1651em;top:16.7499em;"><span class="stl_316 stl_08 stl_166">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:18.2268em;"><span class="stl_46 stl_12 stl_485" 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:19.6854em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3013em;top:19.6779em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:19.6779em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.2366em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0363em;">Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0319em;top:21.2366em;"><span class="stl_46 stl_12 stl_166">558  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2763em;top:21.2366em;"><span class="stl_46 stl_12 stl_76">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.1579em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8863em;top:22.1579em;"><span class="stl_46 stl_12 stl_370">-</span><span class="stl_46 stl_12 stl_397">6</span><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1663em;top:22.1579em;"><span class="stl_46 stl_12 stl_666">-157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.0716em;"><span class="stl_316 stl_08 stl_64" style="word-spacing:-0.042em;">Net interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1188em;top:23.0716em;"><span class="stl_316 stl_08 stl_135">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1763em;top:23.0716em;"><span class="stl_316 stl_08 stl_295">427  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_224 stl_08 stl_619" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3013em;top:10.4899em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:10.4899em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0487em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0157em;top:12.0487em;"><span class="stl_46 stl_12 stl_405">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3657em;top:12.0487em;"><span class="stl_46 stl_12 stl_554">512  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.9624em;"><span class="stl_316 stl_08 stl_361" 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:64.9057em;top:12.9624em;"><span class="stl_316 stl_08 stl_278">483  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2213em;top:12.9624em;"><span class="stl_316 stl_08 stl_622">512  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.403em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4226em;top:14.403em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6707em;top:14.403em;"><span class="stl_46 stl_12 stl_437">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.3168em;"><span class="stl_316 stl_08 stl_453" 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:65.3482em;top:15.3168em;"><span class="stl_316 stl_08 stl_52">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5869em;top:15.3168em;"><span class="stl_316 stl_08 stl_57">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.7499em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0408em;">Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9144em;top:16.7499em;"><span class="stl_316 stl_08 stl_189">558  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1651em;top:16.7499em;"><span class="stl_316 stl_08 stl_166">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:18.2268em;"><span class="stl_46 stl_12 stl_485" 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:19.6854em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.3013em;top:19.6779em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.5551em;top:19.6779em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.2366em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0363em;">Interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0319em;top:21.2366em;"><span class="stl_46 stl_12 stl_166">558  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2763em;top:21.2366em;"><span class="stl_46 stl_12 stl_76">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:22.1579em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8863em;top:22.1579em;"><span class="stl_46 stl_12 stl_370">-</span><span class="stl_46 stl_12 stl_397">6</span><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1663em;top:22.1579em;"><span class="stl_46 stl_12 stl_666">-157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.0716em;"><span class="stl_316 stl_08 stl_64" style="word-spacing:-0.042em;">Net interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1188em;top:23.0716em;"><span class="stl_316 stl_08 stl_135">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1763em;top:23.0716em;"><span class="stl_316 stl_08 stl_295">427  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_224 stl_08 stl_47" 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_316 stl_08 stl_59">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2474em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1144em;top:11.2399em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0938em;top:11.2399em;"><span class="stl_316 stl_08 stl_362" 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_316 stl_08 stl_113">Adjustments</span><sup style="top: -0.2081em;"><span class="stl_755 stl_08 stl_665">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6473em;top:11.2399em;"><span class="stl_316 stl_08 stl_361" style="word-spacing:-0.0423em;">of leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8285em;top:11.2399em;"><span class="stl_316 stl_08 stl_242">30.09.24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7242em;top:12.7987em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8354em;top:12.7987em;"><span class="stl_46 stl_12 stl_76">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2329em;top:12.7987em;"><span class="stl_46 stl_12 stl_932">-65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.2135em;top:12.7987em;"><span class="stl_46 stl_12 stl_105">-56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6873em;top:12.7987em;"><span class="stl_46 stl_12 stl_15">95  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5598em;top:12.7987em;"><span class="stl_46 stl_12 stl_166">558  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.7248em;top:13.7124em;"><span class="stl_316 stl_08 stl_166">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.1479em;top:13.7124em;"><span class="stl_316 stl_08 stl_331">-65  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.1248em;top:13.7124em;"><span class="stl_316 stl_08 stl_337">-56  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6117em;top:13.7124em;"><span class="stl_316 stl_08 stl_53">95  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4429em;top:13.7124em;"><span class="stl_316 stl_08 stl_189">558  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0535em;top:16.2638em;"><span class="stl_316 stl_08 stl_59">Raising  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:17.0212em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.1148em;top:17.0137em;"><span class="stl_316 stl_08 stl_582">30.09.22  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.0942em;top:17.0137em;"><span class="stl_316 stl_08 stl_362" style="word-spacing:-0.0453em;">Cash flow</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.856em;top:17.0137em;"><span class="stl_316 stl_08 stl_558">Adjustments</span><sup style="top: -0.208em;"><span class="stl_755 stl_08 stl_608">1  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6473em;top:17.0138em;"><span class="stl_316 stl_08 stl_361" style="word-spacing:-0.0423em;">of leases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.8304em;top:17.0138em;"><span class="stl_316 stl_08 stl_582">30.09.23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7242em;top:18.5726em;"><span class="stl_46 stl_12 stl_117">Borrowings  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3304em;top:18.5726em;"><span class="stl_46 stl_12 stl_100">1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.4198em;top:18.5726em;"><span class="stl_46 stl_12 stl_301">-1,250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9692em;top:18.5726em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.221em;top:18.5726em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4729em;top:18.5726em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7242em;top:19.4938em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.8704em;top:19.4938em;"><span class="stl_46 stl_12 stl_359">595  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.231em;top:19.4938em;"><span class="stl_46 stl_12 stl_928">-63  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7998em;top:19.4938em;"><span class="stl_46 stl_12 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.6717em;top:19.4938em;"><span class="stl_46 stl_12 stl_351">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.551em;top:19.4938em;"><span class="stl_46 stl_12 stl_76">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.1204em;top:20.4076em;"><span class="stl_316 stl_08 stl_246">1,845  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.256em;top:20.4076em;"><span class="stl_316 stl_08 stl_376">-1,313  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7604em;top:20.4076em;"><span class="stl_316 stl_08 stl_15">4</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5973em;top:20.4076em;"><span class="stl_316 stl_08 stl_54">48  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.441em;top:20.4076em;"><span class="stl_316 stl_08 stl_166">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:21.879em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:5.1969em;top:21.8405em;"><span class="stl_478 stl_12 stl_892" style="word-spacing:-0.0541em;">Non-cash transactions mainly related to foreign currency translation.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.1955em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.953em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign cur-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.703em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">rencies and amortisation of financial assets and liabilities, including leases.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.1955em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.953em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign cur-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.703em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">rencies and amortisation of financial assets and liabilities, including leases.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.1955em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:17.953em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">Financial income and expenses comprise interest, exchange gains and losses, transactions in foreign cur-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:18.703em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">rencies and amortisation of financial assets and liabilities, including leases.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2258em;"><span class="stl_224 stl_08 stl_520" 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:10.5312em;"><span class="stl_316 stl_08 stl_95" style="word-spacing:-0.0356em;">Development in the number of shares:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.4964em;top:11.9899em;"><span class="stl_316 stl_08 stl_383" 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:11.9899em;"><span class="stl_316 stl_08 stl_383" style="word-spacing:-0.0429em;">Class B shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5826em;top:11.9899em;"><span class="stl_316 stl_08 stl_280" style="word-spacing:-0.0189em;">Total ('000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.4607em;top:13.053em;"><span class="stl_316 stl_08 stl_189" style="word-spacing:1.594em;">2023/24 2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2564em;top:13.053em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.1414em;top:13.053em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.052em;top:13.053em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.937em;top:13.053em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:14.5074em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">Number of shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:15.2574em;"><span class="stl_46 stl_12 stl_476" style="word-spacing:-0.0433em;">issued 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.1576em;top:15.2574em;"><span class="stl_46 stl_12 stl_177">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.0551em;top:15.2574em;"><span class="stl_46 stl_12 stl_177">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.6664em;top:15.2574em;"><span class="stl_46 stl_12 stl_549">234,974  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4982em;top:15.2574em;"><span class="stl_46 stl_12 stl_488">223,396  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.4564em;top:15.2574em;"><span class="stl_46 stl_12 stl_901">269,294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.4314em;top:15.2574em;"><span class="stl_46 stl_12 stl_895">257,716  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:16.1787em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">Capital increase,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:16.9287em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">private placement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9851em;top:16.9287em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.8826em;top:16.9287em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.7801em;top:16.9287em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9601em;top:16.9287em;"><span class="stl_46 stl_12 stl_824">11</span><span class="stl_46 stl_12 stl_608">,</span><span class="stl_46 stl_12 stl_352">578  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5751em;top:16.9287em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.7551em;top:16.9287em;"><span class="stl_46 stl_12 stl_824">11</span><span class="stl_46 stl_12 stl_608">,</span><span class="stl_46 stl_12 stl_352">578  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:17.8424em;"><span class="stl_316 stl_08 stl_130" style="word-spacing:-0.0407em;">Number of shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:18.5924em;"><span class="stl_316 stl_08 stl_322" style="word-spacing:-0.0414em;">issued 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.9107em;top:18.5924em;"><span class="stl_316 stl_08 stl_619">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.8082em;top:18.5924em;"><span class="stl_316 stl_08 stl_619">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.3739em;top:18.5924em;"><span class="stl_316 stl_08 stl_395">234,974  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2714em;top:18.5924em;"><span class="stl_316 stl_08 stl_395">234,974  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1664em;top:18.5924em;"><span class="stl_316 stl_08 stl_353">269,294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0639em;top:18.5924em;"><span class="stl_316 stl_08 stl_353">269,294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:20.8118em;"><span class="stl_316 stl_08 stl_75" style="word-spacing:-0.0402em;">Development in treasury shares:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2998em;top:21.5203em;"><span class="stl_316 stl_08 stl_13" style="word-spacing:-0.0372em;">Nominal value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6954em;top:21.5203em;"><span class="stl_316 stl_08 stl_65" style="word-spacing:-0.038em;">In %  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.2267em;top:22.2703em;"><span class="stl_316 stl_08 stl_203" style="word-spacing:-0.0251em;">No. ('000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.3529em;top:22.2703em;"><span class="stl_316 stl_08 stl_84">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.9429em;top:22.2703em;"><span class="stl_316 stl_08 stl_399" style="word-spacing:-0.0444em;">of share capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.4604em;top:23.3334em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3454em;top:23.3334em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.256em;top:23.3334em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.141em;top:23.3334em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0517em;top:23.3334em;"><span class="stl_316 stl_08 stl_189" style="word-spacing:1.594em;">2023/24 2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:24.7878em;"><span class="stl_46 stl_12 stl_465" style="word-spacing:-0.0467em;">1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.5673em;top:24.7878em;"><span class="stl_46 stl_12 stl_327">2,993  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.4254em;top:24.7878em;"><span class="stl_46 stl_12 stl_86">3,642  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.0985em;top:24.7878em;"><span class="stl_46 stl_12 stl_58">1.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9785em;top:24.7878em;"><span class="stl_46 stl_12 stl_283">2.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4473em;top:24.7878em;"><span class="stl_46 stl_12 stl_324">1.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.2698em;top:24.7878em;"><span class="stl_46 stl_12 stl_411">1.4%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:25.7091em;"><span class="stl_46 stl_12 stl_75">Disposals,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:26.4591em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">private placements  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9854em;top:26.4591em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.786em;top:26.4591em;"><span class="stl_46 stl_12 stl_199">-250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.7804em;top:26.4591em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7954em;top:26.4591em;z-index:632;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_140">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5754em;top:26.4591em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0892em;top:26.4591em;z-index:637;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_324">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:27.3803em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0404em;">Disposals, long-term  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:28.1303em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0353em;">incentive schemes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9854em;top:28.1303em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.1379em;top:28.1303em;"><span class="stl_46 stl_12 stl_156">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.781em;top:28.1303em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.796em;top:28.1303em;z-index:687;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_140">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.576em;top:28.1303em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0898em;top:28.1303em;z-index:692;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_324">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7254em;top:29.0516em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Disposals, employee  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7254em;top:29.8016em;"><span class="stl_46 stl_12 stl_25" style="word-spacing:-0.0232em;">shares (matching shares)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.2167em;top:29.8016em;"><span class="stl_46 stl_12 stl_862">-88  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.1473em;top:29.8016em;"><span class="stl_46 stl_12 stl_262">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.781em;top:29.8016em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6785em;top:29.8016em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.576em;top:29.8016em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4735em;top:29.8016em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:30.7228em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Disposals, share options  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9854em;top:30.7228em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.8123em;top:30.7228em;"><span class="stl_46 stl_12 stl_652">-315  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.7804em;top:30.7228em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7329em;top:30.7228em;"><span class="stl_46 stl_12 stl_367">-0.2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5754em;top:30.7228em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0892em;top:30.7228em;z-index:791;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_324">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:31.6366em;"><span class="stl_316 stl_08 stl_60" style="word-spacing:-0.0396em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3542em;top:31.6366em;"><span class="stl_316 stl_08 stl_50">2,905  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2523em;top:31.6366em;"><span class="stl_316 stl_08 stl_135">2,993  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.9798em;top:31.6366em;"><span class="stl_316 stl_08 stl_353">1.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8773em;top:31.6366em;"><span class="stl_316 stl_08 stl_353">1.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2992em;top:31.6366em;"><span class="stl_316 stl_08 stl_931">1.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1967em;top:31.6366em;"><span class="stl_316 stl_08 stl_931">1.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:11.9809em;"><span class="stl_557 stl_17 stl_476" style="word-spacing:-0.0432em;">Share capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:12.7353em;"><span class="stl_46 stl_12 stl_155" style="word-spacing:-0.029em;">Ambu’s share capital is DKK 135m (DKK 135m), 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:39.4492em;top:13.4853em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">value of DKK 0.50.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:14.9853em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.0339em;">A Class A share carries 10 votes per share, while a Class B share carries one vote per share. There is no  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:15.7353em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">difference between the economic rights pertaining to the individual share classes. All shares are paid-up  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:16.4853em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0308em;">in full.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:17.9809em;"><span class="stl_557 stl_17 stl_468" style="word-spacing:-0.0443em;">Capital increases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:18.7353em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0335em;">Last year, on 24 March 2023, Ambu concluded its accelerated bookbuild offering to increase the share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:19.4853em;z-index:1379;"><span class="stl_46 stl_12 stl_221" style="word-spacing:-0.0285em;">capital by a nominal amount of DKK 5,788,979 through direct issue of </span><span class="stl_46 stl_12 stl_70">1</span><span class="stl_46 stl_12 stl_99">1</span><span class="stl_46 stl_12 stl_608">,</span><span class="stl_46 stl_12 stl_329">57</span><span class="stl_46 stl_12 stl_348">7</span><span class="stl_46 stl_12 stl_161" style="word-spacing:-0.0242em;">,957 Class B shares and sale  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:20.2353em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.0341em;">of 250,000 treasury Class B shares, by a nominal amount of DKK 125,000. The sale price was DKK 93 per  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:20.9853em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0299em;">share and DKK 91.10 per share net total transactions costs of DKK 23m. Total net proceeds raised was  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:21.7353em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">DKK 1,054m from increase of share capital, and net proceeds raised from sale of treasury shares was DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:22.4853em;"><span class="stl_46 stl_12 stl_217">23m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:23.9778em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:24.7353em;"><span class="stl_46 stl_12 stl_13" 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:39.4492em;top:25.4853em;"><span class="stl_46 stl_12 stl_278" 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:39.4492em;top:26.2353em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">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:39.4492em;top:26.9853em;"><span class="stl_46 stl_12 stl_27" 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:9.2258em;"><span class="stl_224 stl_08 stl_520" 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:10.5312em;"><span class="stl_316 stl_08 stl_95" style="word-spacing:-0.0356em;">Development in the number of shares:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.4964em;top:11.9899em;"><span class="stl_316 stl_08 stl_383" 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:11.9899em;"><span class="stl_316 stl_08 stl_383" style="word-spacing:-0.0429em;">Class B shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5826em;top:11.9899em;"><span class="stl_316 stl_08 stl_280" style="word-spacing:-0.0189em;">Total ('000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.4607em;top:13.053em;"><span class="stl_316 stl_08 stl_189" style="word-spacing:1.594em;">2023/24 2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2564em;top:13.053em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.1414em;top:13.053em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.052em;top:13.053em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.937em;top:13.053em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:14.5074em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">Number of shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:15.2574em;"><span class="stl_46 stl_12 stl_476" style="word-spacing:-0.0433em;">issued 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.1576em;top:15.2574em;"><span class="stl_46 stl_12 stl_177">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.0551em;top:15.2574em;"><span class="stl_46 stl_12 stl_177">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.6664em;top:15.2574em;"><span class="stl_46 stl_12 stl_549">234,974  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4982em;top:15.2574em;"><span class="stl_46 stl_12 stl_488">223,396  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.4564em;top:15.2574em;"><span class="stl_46 stl_12 stl_901">269,294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.4314em;top:15.2574em;"><span class="stl_46 stl_12 stl_895">257,716  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:16.1787em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">Capital increase,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:16.9287em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">private placement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9851em;top:16.9287em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.8826em;top:16.9287em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.7801em;top:16.9287em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9601em;top:16.9287em;"><span class="stl_46 stl_12 stl_824">11</span><span class="stl_46 stl_12 stl_608">,</span><span class="stl_46 stl_12 stl_352">578  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5751em;top:16.9287em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.7551em;top:16.9287em;"><span class="stl_46 stl_12 stl_824">11</span><span class="stl_46 stl_12 stl_608">,</span><span class="stl_46 stl_12 stl_352">578  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:17.8424em;"><span class="stl_316 stl_08 stl_130" style="word-spacing:-0.0407em;">Number of shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:18.5924em;"><span class="stl_316 stl_08 stl_322" style="word-spacing:-0.0414em;">issued 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.9107em;top:18.5924em;"><span class="stl_316 stl_08 stl_619">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.8082em;top:18.5924em;"><span class="stl_316 stl_08 stl_619">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.3739em;top:18.5924em;"><span class="stl_316 stl_08 stl_395">234,974  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2714em;top:18.5924em;"><span class="stl_316 stl_08 stl_395">234,974  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1664em;top:18.5924em;"><span class="stl_316 stl_08 stl_353">269,294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0639em;top:18.5924em;"><span class="stl_316 stl_08 stl_353">269,294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:20.8118em;"><span class="stl_316 stl_08 stl_75" style="word-spacing:-0.0402em;">Development in treasury shares:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2998em;top:21.5203em;"><span class="stl_316 stl_08 stl_13" style="word-spacing:-0.0372em;">Nominal value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6954em;top:21.5203em;"><span class="stl_316 stl_08 stl_65" style="word-spacing:-0.038em;">In %  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.2267em;top:22.2703em;"><span class="stl_316 stl_08 stl_203" style="word-spacing:-0.0251em;">No. ('000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.3529em;top:22.2703em;"><span class="stl_316 stl_08 stl_84">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.9429em;top:22.2703em;"><span class="stl_316 stl_08 stl_399" style="word-spacing:-0.0444em;">of share capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.4604em;top:23.3334em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3454em;top:23.3334em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.256em;top:23.3334em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.141em;top:23.3334em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0517em;top:23.3334em;"><span class="stl_316 stl_08 stl_189" style="word-spacing:1.594em;">2023/24 2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:24.7878em;"><span class="stl_46 stl_12 stl_465" style="word-spacing:-0.0467em;">1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.5673em;top:24.7878em;"><span class="stl_46 stl_12 stl_327">2,993  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.4254em;top:24.7878em;"><span class="stl_46 stl_12 stl_86">3,642  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.0985em;top:24.7878em;"><span class="stl_46 stl_12 stl_58">1.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9785em;top:24.7878em;"><span class="stl_46 stl_12 stl_283">2.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4473em;top:24.7878em;"><span class="stl_46 stl_12 stl_324">1.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.2698em;top:24.7878em;"><span class="stl_46 stl_12 stl_411">1.4%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:25.7091em;"><span class="stl_46 stl_12 stl_75">Disposals,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:26.4591em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">private placements  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9854em;top:26.4591em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.786em;top:26.4591em;"><span class="stl_46 stl_12 stl_199">-250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.7804em;top:26.4591em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7954em;top:26.4591em;z-index:632;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_140">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5754em;top:26.4591em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0892em;top:26.4591em;z-index:637;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_324">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:27.3803em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0404em;">Disposals, long-term  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:28.1303em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0353em;">incentive schemes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9854em;top:28.1303em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.1379em;top:28.1303em;"><span class="stl_46 stl_12 stl_156">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.781em;top:28.1303em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.796em;top:28.1303em;z-index:687;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_140">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.576em;top:28.1303em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0898em;top:28.1303em;z-index:692;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_324">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7254em;top:29.0516em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Disposals, employee  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7254em;top:29.8016em;"><span class="stl_46 stl_12 stl_25" style="word-spacing:-0.0232em;">shares (matching shares)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.2167em;top:29.8016em;"><span class="stl_46 stl_12 stl_862">-88  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.1473em;top:29.8016em;"><span class="stl_46 stl_12 stl_262">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.781em;top:29.8016em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6785em;top:29.8016em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.576em;top:29.8016em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4735em;top:29.8016em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:30.7228em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Disposals, share options  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9854em;top:30.7228em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.8123em;top:30.7228em;"><span class="stl_46 stl_12 stl_652">-315  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.7804em;top:30.7228em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7329em;top:30.7228em;"><span class="stl_46 stl_12 stl_367">-0.2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5754em;top:30.7228em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0892em;top:30.7228em;z-index:791;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_324">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:31.6366em;"><span class="stl_316 stl_08 stl_60" style="word-spacing:-0.0396em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3542em;top:31.6366em;"><span class="stl_316 stl_08 stl_50">2,905  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2523em;top:31.6366em;"><span class="stl_316 stl_08 stl_135">2,993  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.9798em;top:31.6366em;"><span class="stl_316 stl_08 stl_353">1.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8773em;top:31.6366em;"><span class="stl_316 stl_08 stl_353">1.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2992em;top:31.6366em;"><span class="stl_316 stl_08 stl_931">1.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1967em;top:31.6366em;"><span class="stl_316 stl_08 stl_931">1.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:11.9809em;"><span class="stl_557 stl_17 stl_476" style="word-spacing:-0.0432em;">Share capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:12.7353em;"><span class="stl_46 stl_12 stl_155" style="word-spacing:-0.029em;">Ambu’s share capital is DKK 135m (DKK 135m), 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:39.4492em;top:13.4853em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">value of DKK 0.50.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:14.9853em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.0339em;">A Class A share carries 10 votes per share, while a Class B share carries one vote per share. There is no  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:15.7353em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">difference between the economic rights pertaining to the individual share classes. All shares are paid-up  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:16.4853em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0308em;">in full.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:17.9809em;"><span class="stl_557 stl_17 stl_468" style="word-spacing:-0.0443em;">Capital increases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:18.7353em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0335em;">Last year, on 24 March 2023, Ambu concluded its accelerated bookbuild offering to increase the share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:19.4853em;z-index:1379;"><span class="stl_46 stl_12 stl_221" style="word-spacing:-0.0285em;">capital by a nominal amount of DKK 5,788,979 through direct issue of </span><span class="stl_46 stl_12 stl_70">1</span><span class="stl_46 stl_12 stl_99">1</span><span class="stl_46 stl_12 stl_608">,</span><span class="stl_46 stl_12 stl_329">57</span><span class="stl_46 stl_12 stl_348">7</span><span class="stl_46 stl_12 stl_161" style="word-spacing:-0.0242em;">,957 Class B shares and sale  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:20.2353em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.0341em;">of 250,000 treasury Class B shares, by a nominal amount of DKK 125,000. The sale price was DKK 93 per  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:20.9853em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0299em;">share and DKK 91.10 per share net total transactions costs of DKK 23m. Total net proceeds raised was  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:21.7353em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">DKK 1,054m from increase of share capital, and net proceeds raised from sale of treasury shares was DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:22.4853em;"><span class="stl_46 stl_12 stl_217">23m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:23.9778em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:24.7353em;"><span class="stl_46 stl_12 stl_13" 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:39.4492em;top:25.4853em;"><span class="stl_46 stl_12 stl_278" 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:39.4492em;top:26.2353em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">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:39.4492em;top:26.9853em;"><span class="stl_46 stl_12 stl_27" 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:9.2258em;"><span class="stl_224 stl_08 stl_520" 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:10.5312em;"><span class="stl_316 stl_08 stl_95" style="word-spacing:-0.0356em;">Development in the number of shares:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.4964em;top:11.9899em;"><span class="stl_316 stl_08 stl_383" 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:11.9899em;"><span class="stl_316 stl_08 stl_383" style="word-spacing:-0.0429em;">Class B shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5826em;top:11.9899em;"><span class="stl_316 stl_08 stl_280" style="word-spacing:-0.0189em;">Total ('000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.4607em;top:13.053em;"><span class="stl_316 stl_08 stl_189" style="word-spacing:1.594em;">2023/24 2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.2564em;top:13.053em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.1414em;top:13.053em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.052em;top:13.053em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.937em;top:13.053em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:14.5074em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">Number of shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:15.2574em;"><span class="stl_46 stl_12 stl_476" style="word-spacing:-0.0433em;">issued 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.1576em;top:15.2574em;"><span class="stl_46 stl_12 stl_177">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.0551em;top:15.2574em;"><span class="stl_46 stl_12 stl_177">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.6664em;top:15.2574em;"><span class="stl_46 stl_12 stl_549">234,974  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4982em;top:15.2574em;"><span class="stl_46 stl_12 stl_488">223,396  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.4564em;top:15.2574em;"><span class="stl_46 stl_12 stl_901">269,294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.4314em;top:15.2574em;"><span class="stl_46 stl_12 stl_895">257,716  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:16.1787em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">Capital increase,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:16.9287em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">private placement  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9851em;top:16.9287em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.8826em;top:16.9287em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.7801em;top:16.9287em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.9601em;top:16.9287em;"><span class="stl_46 stl_12 stl_824">11</span><span class="stl_46 stl_12 stl_608">,</span><span class="stl_46 stl_12 stl_352">578  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5751em;top:16.9287em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.7551em;top:16.9287em;"><span class="stl_46 stl_12 stl_824">11</span><span class="stl_46 stl_12 stl_608">,</span><span class="stl_46 stl_12 stl_352">578  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:17.8424em;"><span class="stl_316 stl_08 stl_130" style="word-spacing:-0.0407em;">Number of shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:18.5924em;"><span class="stl_316 stl_08 stl_322" style="word-spacing:-0.0414em;">issued 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.9107em;top:18.5924em;"><span class="stl_316 stl_08 stl_619">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.8082em;top:18.5924em;"><span class="stl_316 stl_08 stl_619">34,320  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.3739em;top:18.5924em;"><span class="stl_316 stl_08 stl_395">234,974  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.2714em;top:18.5924em;"><span class="stl_316 stl_08 stl_395">234,974  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1664em;top:18.5924em;"><span class="stl_316 stl_08 stl_353">269,294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0639em;top:18.5924em;"><span class="stl_316 stl_08 stl_353">269,294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7232em;top:20.8118em;"><span class="stl_316 stl_08 stl_75" style="word-spacing:-0.0402em;">Development in treasury shares:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2998em;top:21.5203em;"><span class="stl_316 stl_08 stl_13" style="word-spacing:-0.0372em;">Nominal value  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6954em;top:21.5203em;"><span class="stl_316 stl_08 stl_65" style="word-spacing:-0.038em;">In %  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.2267em;top:22.2703em;"><span class="stl_316 stl_08 stl_203" style="word-spacing:-0.0251em;">No. ('000)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.3529em;top:22.2703em;"><span class="stl_316 stl_08 stl_84">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.9429em;top:22.2703em;"><span class="stl_316 stl_08 stl_399" style="word-spacing:-0.0444em;">of share capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:13.4604em;top:23.3334em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.3454em;top:23.3334em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.256em;top:23.3334em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.141em;top:23.3334em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.0517em;top:23.3334em;"><span class="stl_316 stl_08 stl_189" style="word-spacing:1.594em;">2023/24 2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:24.7878em;"><span class="stl_46 stl_12 stl_465" style="word-spacing:-0.0467em;">1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.5673em;top:24.7878em;"><span class="stl_46 stl_12 stl_327">2,993  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.4254em;top:24.7878em;"><span class="stl_46 stl_12 stl_86">3,642  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.0985em;top:24.7878em;"><span class="stl_46 stl_12 stl_58">1.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.9785em;top:24.7878em;"><span class="stl_46 stl_12 stl_283">2.0  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.4473em;top:24.7878em;"><span class="stl_46 stl_12 stl_324">1.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.2698em;top:24.7878em;"><span class="stl_46 stl_12 stl_411">1.4%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:25.7091em;"><span class="stl_46 stl_12 stl_75">Disposals,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:26.4591em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0392em;">private placements  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9854em;top:26.4591em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.786em;top:26.4591em;"><span class="stl_46 stl_12 stl_199">-250  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.7804em;top:26.4591em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7954em;top:26.4591em;z-index:632;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_140">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5754em;top:26.4591em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0892em;top:26.4591em;z-index:637;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_324">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:27.3803em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0404em;">Disposals, long-term  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:28.1303em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0353em;">incentive schemes  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9854em;top:28.1303em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.1379em;top:28.1303em;"><span class="stl_46 stl_12 stl_156">-47  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.781em;top:28.1303em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.796em;top:28.1303em;z-index:687;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_140">1  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.576em;top:28.1303em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0898em;top:28.1303em;z-index:692;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_324">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7254em;top:29.0516em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Disposals, employee  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7254em;top:29.8016em;"><span class="stl_46 stl_12 stl_25" style="word-spacing:-0.0232em;">shares (matching shares)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.2167em;top:29.8016em;"><span class="stl_46 stl_12 stl_862">-88  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:19.1473em;top:29.8016em;"><span class="stl_46 stl_12 stl_262">-37  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.781em;top:29.8016em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.6785em;top:29.8016em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.576em;top:29.8016em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4735em;top:29.8016em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:30.7228em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Disposals, share options  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.9854em;top:30.7228em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.8123em;top:30.7228em;"><span class="stl_46 stl_12 stl_652">-315  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.7804em;top:30.7228em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.7329em;top:30.7228em;"><span class="stl_46 stl_12 stl_367">-0.2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.5754em;top:30.7228em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.0892em;top:30.7228em;z-index:791;"><span class="stl_46 stl_12 stl_346">-0</span><span class="stl_46 stl_12 stl_140">.</span><span class="stl_46 stl_12 stl_324">1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7248em;top:31.6366em;"><span class="stl_316 stl_08 stl_60" style="word-spacing:-0.0396em;">30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.3542em;top:31.6366em;"><span class="stl_316 stl_08 stl_50">2,905  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2523em;top:31.6366em;"><span class="stl_316 stl_08 stl_135">2,993  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.9798em;top:31.6366em;"><span class="stl_316 stl_08 stl_353">1.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.8773em;top:31.6366em;"><span class="stl_316 stl_08 stl_353">1.6  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.2992em;top:31.6366em;"><span class="stl_316 stl_08 stl_931">1.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.1967em;top:31.6366em;"><span class="stl_316 stl_08 stl_931">1.1%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:11.9809em;"><span class="stl_557 stl_17 stl_476" style="word-spacing:-0.0432em;">Share capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:12.7353em;"><span class="stl_46 stl_12 stl_155" style="word-spacing:-0.029em;">Ambu’s share capital is DKK 135m (DKK 135m), 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:39.4492em;top:13.4853em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">value of DKK 0.50.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:14.9853em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.0339em;">A Class A share carries 10 votes per share, while a Class B share carries one vote per share. There is no  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:15.7353em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0388em;">difference between the economic rights pertaining to the individual share classes. All shares are paid-up  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:16.4853em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0308em;">in full.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:17.9809em;"><span class="stl_557 stl_17 stl_468" style="word-spacing:-0.0443em;">Capital increases  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:18.7353em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0335em;">Last year, on 24 March 2023, Ambu concluded its accelerated bookbuild offering to increase the share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:19.4853em;z-index:1379;"><span class="stl_46 stl_12 stl_221" style="word-spacing:-0.0285em;">capital by a nominal amount of DKK 5,788,979 through direct issue of </span><span class="stl_46 stl_12 stl_70">1</span><span class="stl_46 stl_12 stl_99">1</span><span class="stl_46 stl_12 stl_608">,</span><span class="stl_46 stl_12 stl_329">57</span><span class="stl_46 stl_12 stl_348">7</span><span class="stl_46 stl_12 stl_161" style="word-spacing:-0.0242em;">,957 Class B shares and sale  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:20.2353em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.0341em;">of 250,000 treasury Class B shares, by a nominal amount of DKK 125,000. The sale price was DKK 93 per  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:20.9853em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0299em;">share and DKK 91.10 per share net total transactions costs of DKK 23m. Total net proceeds raised was  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:21.7353em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">DKK 1,054m from increase of share capital, and net proceeds raised from sale of treasury shares was DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:22.4853em;"><span class="stl_46 stl_12 stl_217">23m.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:23.9778em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:24.7353em;"><span class="stl_46 stl_12 stl_13" 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:39.4492em;top:25.4853em;"><span class="stl_46 stl_12 stl_278" 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:39.4492em;top:26.2353em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">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:39.4492em;top:26.9853em;"><span class="stl_46 stl_12 stl_27" 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:39.4492em;top:23.9778em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:24.7353em;"><span class="stl_46 stl_12 stl_13" 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:39.4492em;top:25.4853em;"><span class="stl_46 stl_12 stl_278" 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:39.4492em;top:26.2353em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">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:39.4492em;top:26.9853em;"><span class="stl_46 stl_12 stl_27" 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:39.4492em;top:23.9778em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4492em;top:24.7353em;"><span class="stl_46 stl_12 stl_13" 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:39.4492em;top:25.4853em;"><span class="stl_46 stl_12 stl_278" 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:39.4492em;top:26.2353em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">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:39.4492em;top:26.9853em;"><span class="stl_46 stl_12 stl_27" 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_224 stl_08 stl_214" 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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">Provisions at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7119em;top:12.0487em;"><span class="stl_46 stl_12 stl_99">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.9375em;top:12.0487em;"><span class="stl_46 stl_12 stl_111">23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.033em;">Additions during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:12.9699em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.965em;top:12.9699em;"><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8912em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Used during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.84em;top:13.8912em;"><span class="stl_46 stl_12 stl_107">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:13.8912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.8124em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0302em;">Value adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.8613em;top:14.8124em;"><span class="stl_46 stl_12 stl_200">-2  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8163em;top:14.8124em;"><span class="stl_46 stl_12 stl_921">-17  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7337em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Currency translation adjustment  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.2213em;top:15.7337em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.0919em;top:15.7337em;"><span class="stl_46 stl_12 stl_350">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:16.6474em;"><span class="stl_316 stl_08 stl_558" style="word-spacing:-0.0383em;">Provisions at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5994em;top:16.6474em;"><span class="stl_316 stl_08 stl_171">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8832em;top:16.6474em;"><span class="stl_316 stl_08 stl_373">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0805em;"><span class="stl_316 stl_08 stl_520" 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:4.7244em;top:19.0093em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">Non-current liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.7169em;top:19.0093em;"><span class="stl_46 stl_12 stl_97">14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:19.0093em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:19.9305em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">Current liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0519em;top:19.9305em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3038em;top:19.9305em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:20.8443em;"><span class="stl_316 stl_08 stl_558" style="word-spacing:-0.0383em;">Provisions at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.5988em;top:20.8443em;"><span class="stl_316 stl_08 stl_171">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8825em;top:20.8443em;"><span class="stl_316 stl_08 stl_373">18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:22.3212em;"><span class="stl_46 stl_12 stl_95" 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:4.7238em;top:23.0712em;"><span class="stl_46 stl_12 stl_56" 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:4.7238em;top:24.5712em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0287em;">In 2022/23, value adjustments net amounted to DKK 17m. Hereof, the value of remeasured debt from  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:25.3212em;"><span class="stl_46 stl_12 stl_485" style="word-spacing:-0.0342em;">technology acquisition was DKK 19m, which was reported as an income in special items.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:26.8137em;"><span class="stl_316 stl_08 stl_619" 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:27.5712em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">Provisions are recognised when the Group, as a result of an event having occurred before or on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.3212em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0345em;">balance sheet date, has incurred a legal or actual liability, and it is probable that economic benefits will  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:29.0712em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">flow from the Group in order to settle the liability. If the effect of the time value of money is significant,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:29.8212em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">provisions are discounted using a pre-tax discount rate. When applying a discount rate, the change in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:30.5712em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0353em;">provisions, 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_224 stl_08 stl_48" 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_46 stl_12 stl_119" style="word-spacing:-0.0337em;">Share-based payment is governed by the Remuneration Policy, approved by the Board of Directors and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0366em;">adopted at the annual general meeting. 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:12.7812em;"><span class="stl_316 stl_08 stl_28" 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:14.2474em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:14.2399em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:14.2399em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7987em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.0401em;">Performance Share Units, amortised cost during  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:16.5487em;"><span class="stl_46 stl_12 stl_76" style="word-spacing:-0.035em;">the period, based on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7769em;top:16.5487em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:16.5487em;"><span class="stl_46 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:17.4699em;"><span class="stl_46 stl_12 stl_117" 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:18.2199em;"><span class="stl_46 stl_12 stl_307">management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.9457em;top:18.2199em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0288em;top:18.2199em;"><span class="stl_46 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.1337em;"><span class="stl_316 stl_08 stl_60" 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:19.1337em;"><span class="stl_316 stl_08 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.9894em;top:19.1337em;"><span class="stl_316 stl_08 stl_15">5</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:20.5743em;"><span class="stl_46 stl_12 stl_75" style="word-spacing:-0.0402em;">Performance Share Units, amortised cost during vesting-period,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:21.3243em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">based on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4413em;top:21.3243em;"><span class="stl_46 stl_12 stl_97">14  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:21.3243em;"><span class="stl_46 stl_12 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.2455em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0385em;">Employee shares, amortised cost during vesting-period,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:22.9955em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0338em;">based on value at grant date  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7763em;top:22.9955em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:22.9955em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:23.9093em;"><span class="stl_316 stl_08 stl_28" 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:65.3313em;top:23.9093em;"><span class="stl_316 stl_08 stl_73">26  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5757em;top:23.9093em;"><span class="stl_316 stl_08 stl_171">20  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:25.3818em;"><span class="stl_557 stl_17 stl_315" style="word-spacing:-0.0383em;">Performance Share Units (PSU)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:26.1362em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">In 2023/24, 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:39.4482em;top:26.8862em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">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:39.4482em;top:27.6362em;"><span class="stl_46 stl_12 stl_206" style="word-spacing:-0.0305em;">into the performance was organic revenue growth (50%) and EBIT margin before special items (50%),  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:28.3862em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0244em;">which was achieved by 91% of maximum potential. The fair value per PSU at grant date was DKK 99.10. The  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:29.1362em;z-index:2449;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0333em;">programme will vest in January 202</span><span class="stl_46 stl_12 stl_348">7</span><span class="stl_46 stl_12 stl_15" style="word-spacing:0em;">, </span><span class="stl_46 stl_12 stl_51">a</span><span class="stl_46 stl_12 stl_320" style="word-spacing:-0.0405em;">fter a three-year vesting period.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.6362em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0303em;">In 2022/23, a PSU programme was granted under the same conditions as in 2023/24. The fair value per  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:31.3862em;"><span class="stl_46 stl_12 stl_203" style="word-spacing:-0.0252em;">PSU at grant date was DKK 91.12. The financial target was organic revenue growth (50%) and EBIT margin  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:32.1362em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0294em;">before special items (50%), which was achieved by 68% of maximum potential.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:15.8152em;top:10.5081em;"><span class="stl_316 stl_08 stl_105">Executive  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.1702em;top:10.5081em;"><span class="stl_316 stl_08 stl_468" 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:11.2581em;"><span class="stl_316 stl_08 stl_74">Management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:23.2009em;top:11.2581em;"><span class="stl_316 stl_08 stl_220">employees  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.7071em;top:11.2581em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.0515em;top:12.3212em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.8184em;top:12.3212em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.6109em;top:12.3212em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.3777em;top:12.3212em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1702em;top:12.3212em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9371em;top:12.3212em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:13.7756em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:-0.0425em;">Outstanding PSUs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:14.5256em;"><span class="stl_46 stl_12 stl_383" style="word-spacing:-0.0429em;">at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.7152em;top:14.5256em;"><span class="stl_46 stl_12 stl_351">84,648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.8721em;top:14.5256em;"><span class="stl_46 stl_12 stl_227">8,548  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.9159em;top:14.5256em;"><span class="stl_46 stl_12 stl_122">254,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.7715em;top:14.5256em;"><span class="stl_46 stl_12 stl_499">189,884  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5234em;top:14.5256em;"><span class="stl_46 stl_12 stl_283">339,533  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3071em;top:14.5256em;"><span class="stl_46 stl_12 stl_317">198,432  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7258em;top:15.4469em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">Allocated during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.8152em;top:15.4469em;"><span class="stl_46 stl_12 stl_393">89,624  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.6259em;top:15.4469em;"><span class="stl_46 stl_12 stl_934">76,100  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.9309em;top:15.4469em;"><span class="stl_46 stl_12 stl_171">236,439  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.8065em;top:15.4469em;"><span class="stl_46 stl_12 stl_431">238,917  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5046em;top:15.4469em;"><span class="stl_46 stl_12 stl_217">326,063  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3984em;top:15.4469em;"><span class="stl_46 stl_12 stl_935">315,017  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7258em;top:16.3681em;"><span class="stl_46 stl_12 stl_109" style="word-spacing:-0.0301em;">Transferred during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.604em;top:16.3681em;"><span class="stl_46 stl_12 stl_519">-21,030  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3565em;top:16.3681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.354em;top:16.3681em;"><span class="stl_46 stl_12 stl_513">21,030  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.9152em;top:16.3681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.6946em;top:16.3681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.474em;top:16.3681em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:17.2894em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">Exercised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5765em;top:17.2894em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3559em;top:17.2894em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.1352em;top:17.2894em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.619em;top:17.2894em;"><span class="stl_46 stl_12 stl_411">-168,070  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.694em;top:17.2894em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.1777em;top:17.2894em;"><span class="stl_46 stl_12 stl_411">-168,070  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7246em;top:18.2106em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.5759em;top:18.2106em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:20.3552em;top:18.2106em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:22.2371em;top:18.2106em;z-index:419;"><span class="stl_46 stl_12 stl_797">-17</span><span class="stl_46 stl_12 stl_331">,</span><span class="stl_46 stl_12 stl_54">303  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:26.224em;top:18.2106em;"><span class="stl_46 stl_12 stl_471">-5,846  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7965em;top:18.2106em;z-index:432;"><span class="stl_46 stl_12 stl_797">-17</span><span class="stl_46 stl_12 stl_331">,</span><span class="stl_46 stl_12 stl_54">303  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.7833em;top:18.2106em;"><span class="stl_46 stl_12 stl_471">-5,846  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:19.1244em;"><span class="stl_316 stl_08 stl_408" style="word-spacing:-0.0457em;">Outstanding PSUs  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:19.8744em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:14.1202em;top:19.8744em;"><span class="stl_316 stl_08 stl_251">153,242  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:18.2746em;top:19.8744em;"><span class="stl_316 stl_08 stl_123">84,648  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7115em;top:19.8744em;"><span class="stl_316 stl_08 stl_223">495,051  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:25.4333em;top:19.8744em;"><span class="stl_316 stl_08 stl_168">254,885  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.2052em;top:19.8744em;"><span class="stl_316 stl_08 stl_54">648,293  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.0359em;top:19.8744em;"><span class="stl_316 stl_08 stl_103">339,533  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:21.3512em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0343em;">Outstanding PSUs have, on average, 1.8 years and 1.7 years until contract expiry for the Executive Man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:22.1012em;"><span class="stl_46 stl_12 stl_61" style="word-spacing:-0.0314em;">agement and 'Other and former employees', respectively. The average market price on the date of exer-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:22.8512em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">cise was DKK 92 in 2022/23, and the exercise price in accordance with the policy was DKK 0.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:24.3469em;"><span class="stl_557 stl_17 stl_29" style="word-spacing:-0.0365em;">Employee shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:25.1012em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">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:4.7252em;top:25.8512em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">percentage of their annual base salary. The number of shares, with which an employee participates, is  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:26.6012em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0379em;">matched free of charge after two years (Restricted Stock Units). The Executive Management participates  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:27.3512em;"><span class="stl_46 stl_12 stl_307" style="word-spacing:-0.0318em;">with 1,200 (646) shares in the current employee share programmes currently under vesting. The total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:28.1012em;"><span class="stl_46 stl_12 stl_198" style="word-spacing:-0.0216em;">market value at the time of allocation in 2024 was DKK 6m (DKK 7m) at a fair value per share of DKK 129.96  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7252em;top:28.8512em;"><span class="stl_46 stl_12 stl_174" style="word-spacing:-0.0196em;">(DKK 108.69) at grant date.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.1695em;top:30.3025em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9364em;top:30.3025em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:31.8612em;"><span class="stl_46 stl_12 stl_318" style="word-spacing:-0.0422em;">Outstanding shares at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.6976em;top:31.8612em;"><span class="stl_46 stl_12 stl_541">179,159  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.3201em;top:31.8612em;"><span class="stl_46 stl_12 stl_586">162,053  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:32.7825em;"><span class="stl_46 stl_12 stl_80" style="word-spacing:-0.0348em;">Allocated during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.9264em;top:32.7825em;"><span class="stl_46 stl_12 stl_671">40,949  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.722em;top:32.7825em;z-index:1467;"><span class="stl_46 stl_12 stl_937">67</span><span class="stl_46 stl_12 stl_331">,</span><span class="stl_46 stl_12 stl_116">364  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:33.7037em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.0329em;">Released during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7476em;top:33.7037em;z-index:1498;"><span class="stl_46 stl_12 stl_826">-88</span><span class="stl_46 stl_12 stl_938">,</span><span class="stl_46 stl_12 stl_96">178  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.4976em;top:33.7037em;z-index:1505;"><span class="stl_46 stl_12 stl_262">-3</span><span class="stl_46 stl_12 stl_348">7</span><span class="stl_46 stl_12 stl_65">,</span><span class="stl_46 stl_12 stl_458">488  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7239em;top:34.625em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.7226em;top:34.625em;"><span class="stl_46 stl_12 stl_264">-20,728  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.5701em;top:34.625em;"><span class="stl_46 stl_12 stl_376">-12,770  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:35.5387em;"><span class="stl_316 stl_08 stl_538" style="word-spacing:-0.0434em;">Outstanding shares at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3377em;top:35.5387em;"><span class="stl_316 stl_08 stl_406">111,202  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:33.1939em;top:35.5387em;"><span class="stl_316 stl_08 stl_550">179,159  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.5387em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0378em;">Legacy incentive equity-based remuneration to current and prior employees, incl. prior Executive Man-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">agement, includes stock options and warrants. According to the current Remuneration Policy, Ambu only  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0387em;"><span class="stl_46 stl_12 stl_64" style="word-spacing:-0.042em;">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_316 stl_08 stl_105" 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_316 stl_08 stl_75">Warrants  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.4312em;top:13.4899em;"><span class="stl_316 stl_08 stl_135">Total  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.7755em;top:14.553em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.5424em;top:14.553em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.3349em;top:14.553em;"><span class="stl_316 stl_08 stl_189" style="word-spacing:1.405em;">2023/24 2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.8943em;top:14.553em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6612em;top:14.553em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4493em;top:16.0074em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0419em;">Outstanding shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4493em;top:16.7574em;"><span class="stl_46 stl_12 stl_383" style="word-spacing:-0.0429em;">at 1 October  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.6649em;top:16.7574em;"><span class="stl_46 stl_12 stl_334">1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.4643em;top:16.7574em;"><span class="stl_46 stl_12 stl_780">1,774,247  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8593em;top:16.7574em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.5124em;top:16.7574em;"><span class="stl_46 stl_12 stl_607">169,500  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.783em;top:16.7574em;"><span class="stl_46 stl_12 stl_334">1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6062em;top:16.7574em;"><span class="stl_46 stl_12 stl_783">1,943,747  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4493em;top:17.6787em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">Exercised during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.3005em;top:17.6787em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:52.7743em;top:17.6787em;"><span class="stl_46 stl_12 stl_936">-314,760  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8593em;top:17.6787em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6387em;top:17.6787em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.418em;top:17.6787em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8918em;top:17.6787em;"><span class="stl_46 stl_12 stl_936">-314,760  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4487em;top:18.5999em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Cancelled during the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.8305em;top:18.5999em;"><span class="stl_46 stl_12 stl_892">-445,553  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:53.093em;top:18.5999em;"><span class="stl_46 stl_12 stl_257">-21,330  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8587em;top:18.5999em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:60.3487em;top:18.5999em;"><span class="stl_46 stl_12 stl_345">-169,500  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.948em;top:18.5999em;"><span class="stl_46 stl_12 stl_892">-445,553  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.8574em;top:18.5999em;"><span class="stl_46 stl_12 stl_490">-190,830  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:19.5137em;"><span class="stl_316 stl_08 stl_465" style="word-spacing:-0.0465em;">Outstanding shares  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.448em;top:20.2637em;"><span class="stl_316 stl_08 stl_123" style="word-spacing:-0.0392em;">at 30 September  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:48.8074em;top:20.2637em;"><span class="stl_316 stl_08 stl_312" style="word-spacing:0.7253em;">992,604 1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8493em;top:20.2637em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6287em;top:20.2637em;"><span class="stl_316 stl_08 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.9249em;top:20.2637em;"><span class="stl_316 stl_08 stl_312" style="word-spacing:0.7253em;">992,604 1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:21.7043em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0398em;">Of which are vested  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:49.0849em;top:21.7043em;"><span class="stl_46 stl_12 stl_312" style="word-spacing:1.2651em;">992,604 1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:58.8574em;top:21.7043em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.6368em;top:21.7043em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.203em;top:21.7043em;"><span class="stl_46 stl_12 stl_312" style="word-spacing:1.2651em;">992,604 1,438,157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:23.1737em;"><span class="stl_46 stl_12 stl_77" style="word-spacing:-0.0303em;">The average market price on the date of exercise of share options was DKK 106.32 in 2022/23.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:24.6737em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">Outstanding share options have on average 0.7 years until contract expiry at an exercise price of DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:25.4237em;"><span class="stl_46 stl_12 stl_92" style="word-spacing:-0.0045em;">134.10 per option.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:26.9162em;"><span class="stl_316 stl_08 stl_520" style="word-spacing:-0.0376em;">§ Accounting policy  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:27.6737em;"><span class="stl_46 stl_12 stl_122" 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:39.4474em;top:28.4237em;"><span class="stl_46 stl_12 stl_80" 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:39.4474em;top:29.1737em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0381em;">This value is expensed over the service period for each of the respective schemes and taken to equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:29.9237em;"><span class="stl_46 stl_12 stl_122" 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:39.4474em;top:30.6737em;"><span class="stl_46 stl_12 stl_619" 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:39.4474em;top:31.4237em;"><span class="stl_46 stl_12 stl_28" 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:39.4474em;top:32.1737em;"><span class="stl_46 stl_12 stl_27" 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:39.4474em;top:32.9237em;"><span class="stl_46 stl_12 stl_80" 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:39.4474em;top:34.4237em;"><span class="stl_46 stl_12 stl_95" 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:39.4474em;top:35.1737em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">respective scheme end of the period is expensed to the income statement. This includes any changes to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:35.9237em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">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:4.7238em;top:26.8137em;"><span class="stl_316 stl_08 stl_619" 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:27.5712em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">Provisions are recognised when the Group, as a result of an event having occurred before or on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:28.3212em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0345em;">balance sheet date, has incurred a legal or actual liability, and it is probable that economic benefits will  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:29.0712em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">flow from the Group in order to settle the liability. If the effect of the time value of money is significant,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:29.8212em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0344em;">provisions are discounted using a pre-tax discount rate. When applying a discount rate, the change in  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7238em;top:30.5712em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0353em;">provisions, 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:39.4474em;top:26.9162em;"><span class="stl_316 stl_08 stl_520" style="word-spacing:-0.0376em;">§ Accounting policy  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:27.6737em;"><span class="stl_46 stl_12 stl_122" 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:39.4474em;top:28.4237em;"><span class="stl_46 stl_12 stl_80" 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:39.4474em;top:29.1737em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.0381em;">This value is expensed over the service period for each of the respective schemes and taken to equity.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:29.9237em;"><span class="stl_46 stl_12 stl_122" 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:39.4474em;top:30.6737em;"><span class="stl_46 stl_12 stl_619" 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:39.4474em;top:31.4237em;"><span class="stl_46 stl_12 stl_28" 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:39.4474em;top:32.1737em;"><span class="stl_46 stl_12 stl_27" 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:39.4474em;top:32.9237em;"><span class="stl_46 stl_12 stl_80" 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:39.4474em;top:34.4237em;"><span class="stl_46 stl_12 stl_95" 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:39.4474em;top:35.1737em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0373em;">respective scheme end of the period is expensed to the income statement. This includes any changes to  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4474em;top:35.9237em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">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_224 stl_08 stl_155" style="word-spacing:-0.029em;">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_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:10.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:10.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0487em;"><span class="stl_46 stl_12 stl_56" 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_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:12.0487em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.9699em;"><span class="stl_46 stl_12 stl_124" 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_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:12.9699em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.8912em;"><span class="stl_46 stl_12 stl_116" 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_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:13.8912em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:14.8124em;"><span class="stl_46 stl_12 stl_433" style="word-spacing:-0.0498em;">Other services  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:31.0525em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.4732em;top:14.8124em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7262em;"><span class="stl_316 stl_08 stl_179" 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_316 stl_08 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.265em;top:15.7262em;"><span class="stl_316 stl_08 stl_15">7</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.203em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0391em;">Fee for non-audit services provided to the Group by EY Statsautoriseret Revisionspartnerselskab,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.953em;"><span class="stl_46 stl_12 stl_220" style="word-spacing:-0.0308em;">Denmark, amounted to DKK 2m (DKK 1m), relating mainly to IT assessment and other assurance  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.703em;"><span class="stl_46 stl_12 stl_469" style="word-spacing:-0.0488em;">assessments and reports.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:20.8597em;"><span class="stl_224 stl_08 stl_164" 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:22.1726em;"><span class="stl_46 stl_12 stl_63" 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:30.417em;top:23.6238em;"><span class="stl_316 stl_08 stl_480">Activity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3301em;top:24.6869em;"><span class="stl_316 stl_08 stl_405">Owner-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.732em;top:25.3532em;"><span class="stl_316 stl_08 stl_538">Cur-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3301em;top:25.3538em;"><span class="stl_316 stl_08 stl_65">ship  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.3019em;top:25.361em;"><span class="stl_46 stl_12 stl_165">Produc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:26.02em;"><span class="stl_316 stl_08 stl_206">Company  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.2439em;top:26.02em;"><span class="stl_316 stl_08 stl_420" style="word-spacing:-0.051em;">Reg. office  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.732em;top:26.02em;"><span class="stl_316 stl_08 stl_469" style="word-spacing:1.0393em;">rency interest</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:27.354em;top:26.02em;"><span class="stl_46 stl_12 stl_317">Sales</span><sup style="top: -0.2086em;"><span class="stl_703 stl_12 stl_15" style="word-spacing:1.6498em;">1 </span></sup><span class="stl_46 stl_12 stl_165">tion</span><sup style="top: -0.2083em;"><span class="stl_703 stl_12 stl_15" style="word-spacing:2.1838em;">2 </span></sup><span class="stl_46 stl_12 stl_124" style="word-spacing:0.8257em;">R&amp;D Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:27.957em;"><span class="stl_316 stl_08 stl_119" style="word-spacing:-0.0338em;">Parent Company:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:28.862em;"><span class="stl_46 stl_12 stl_669" style="word-spacing:-0.056em;">Ambu A/S  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.2444em;top:28.862em;"><span class="stl_46 stl_12 stl_29">Denmark  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:28.862em;"><span class="stl_46 stl_12 stl_350">DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3306em;top:28.862em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.0744em;top:28.862em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3188em;top:28.862em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.5631em;top:28.862em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8075em;top:28.862em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7256em;top:30.6502em;"><span class="stl_316 stl_08 stl_95">Subsidiaries:  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7256em;top:31.5552em;"><span class="stl_46 stl_12 stl_117" style="word-spacing:-0.0387em;">Ambu Australia Pty. Ltd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.2456em;top:31.5552em;"><span class="stl_46 stl_12 stl_28">Australia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7338em;top:31.5552em;"><span class="stl_46 stl_12 stl_330">AUD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3319em;top:31.5552em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.0756em;top:31.5552em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7256em;top:32.4527em;"><span class="stl_46 stl_12 stl_94" 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:13.023em;top:32.4527em;"><span class="stl_46 stl_12 stl_65">Canada  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7338em;top:32.4527em;"><span class="stl_46 stl_12 stl_939">CAD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3319em;top:32.4527em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.0756em;top:32.4527em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7256em;top:33.3502em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Ambu Ltd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.2456em;top:33.3502em;"><span class="stl_46 stl_12 stl_109">China  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7338em;top:33.3502em;"><span class="stl_46 stl_12 stl_350">CNY  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3319em;top:33.3502em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3194em;top:33.3502em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.5638em;top:33.3502em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7256em;top:34.2477em;"><span class="stl_46 stl_12 stl_330" 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:17.2456em;top:34.2477em;"><span class="stl_46 stl_12 stl_109">China  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7338em;top:34.2477em;"><span class="stl_46 stl_12 stl_350">CNY  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3319em;top:34.2477em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.0756em;top:34.2477em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7256em;top:35.1452em;"><span class="stl_46 stl_12 stl_408" style="word-spacing:-0.0456em;">Ambu Nordic A/S  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.245em;top:35.1452em;"><span class="stl_46 stl_12 stl_29">Denmark  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7331em;top:35.1452em;"><span class="stl_46 stl_12 stl_350">DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3313em;top:35.1452em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8069em;top:35.1452em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.725em;top:36.0427em;"><span class="stl_46 stl_12 stl_571" style="word-spacing:-0.0461em;">Ambu Operations A/S  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.2444em;top:36.0427em;"><span class="stl_46 stl_12 stl_29">Denmark  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.0427em;"><span class="stl_46 stl_12 stl_171">USD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3306em;top:36.0427em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3181em;top:36.0427em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:36.9402em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">Ambu Rusland Holding ApS  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:17.2444em;top:36.9402em;"><span class="stl_46 stl_12 stl_34">Denmark  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:21.7325em;top:36.9402em;"><span class="stl_46 stl_12 stl_350">DKK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:24.3306em;top:36.9402em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8062em;top:36.9402em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1416em;top:10.5081em;"><span class="stl_316 stl_08 stl_480">Activity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0548em;top:11.5712em;"><span class="stl_316 stl_08 stl_405">Owner-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4566em;top:12.2375em;"><span class="stl_316 stl_08 stl_538">Cur-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0548em;top:12.2381em;"><span class="stl_316 stl_08 stl_65">ship  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.0265em;top:12.2453em;"><span class="stl_46 stl_12 stl_165">Produc-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4491em;top:12.9044em;"><span class="stl_316 stl_08 stl_206">Company  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.9685em;top:12.9044em;"><span class="stl_316 stl_08 stl_420" style="word-spacing:-0.051em;">Reg. office  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4566em;top:12.9044em;"><span class="stl_316 stl_08 stl_469" style="word-spacing:1.0393em;">rency interest</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.076em;top:12.9044em;"><span class="stl_46 stl_12 stl_317">Sales</span><sup style="top: -0.2086em;"><span class="stl_703 stl_12 stl_15" style="word-spacing:1.6499em;">1 </span></sup><span class="stl_46 stl_12 stl_165">tion</span><sup style="top: -0.2083em;"><span class="stl_703 stl_12 stl_15" style="word-spacing:2.1838em;">2 </span></sup><span class="stl_46 stl_12 stl_124" style="word-spacing:0.8257em;">R&amp;D Other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4497em;top:14.8389em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">Ambu Sarl  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.969em;top:14.8389em;"><span class="stl_46 stl_12 stl_77">France  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4572em;top:14.8389em;"><span class="stl_46 stl_12 stl_118">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0553em;top:14.8389em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.799em;top:14.8389em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:15.7364em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0387em;">Ambu GmbH  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.969em;top:15.7364em;"><span class="stl_46 stl_12 stl_310">Germany  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4571em;top:15.7364em;"><span class="stl_46 stl_12 stl_118">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0553em;top:15.7364em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.799em;top:15.7364em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:16.6339em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">Ambu Innovation GmbH  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.969em;top:16.6339em;"><span class="stl_46 stl_12 stl_310">Germany  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4571em;top:16.6339em;"><span class="stl_46 stl_12 stl_118">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0553em;top:16.6339em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.2871em;top:16.6339em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:17.5314em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0346em;">Ambu India Private Limited  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.969em;top:17.5314em;"><span class="stl_46 stl_12 stl_206">India  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4571em;top:17.5314em;"><span class="stl_46 stl_12 stl_356">INR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0553em;top:17.5314em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.799em;top:17.5314em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:18.4289em;"><span class="stl_46 stl_12 stl_235" style="word-spacing:-0.0212em;">Ambu s.r.l.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.969em;top:18.4289em;"><span class="stl_46 stl_12 stl_458">Italy  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4571em;top:18.4289em;"><span class="stl_46 stl_12 stl_118">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0553em;top:18.4289em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.799em;top:18.4289em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.449em;top:19.3264em;"><span class="stl_46 stl_12 stl_538" style="word-spacing:-0.0435em;">Ambu KK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.9684em;top:19.3264em;"><span class="stl_46 stl_12 stl_118">Japan  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4565em;top:19.3264em;"><span class="stl_46 stl_12 stl_278">JPY  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0546em;top:19.3264em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7984em;top:19.3264em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4484em;top:20.2239em;"><span class="stl_46 stl_12 stl_56" style="word-spacing:-0.0347em;">Ambu Sdn. Bhd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.9684em;top:20.2239em;"><span class="stl_46 stl_12 stl_61">Malaysia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4565em;top:20.2239em;"><span class="stl_46 stl_12 stl_323">MYR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0546em;top:20.2239em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0421em;top:20.2239em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.2865em;top:20.2239em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4484em;top:21.1214em;"><span class="stl_46 stl_12 stl_320" 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:51.9684em;top:21.1214em;"><span class="stl_46 stl_12 stl_61">Malaysia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4565em;top:21.1214em;"><span class="stl_46 stl_12 stl_323">MYR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0546em;top:21.1214em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7984em;top:21.1214em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4484em;top:22.0189em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0337em;">Ambu Innovation Sdn. Bhd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.9677em;top:22.0189em;"><span class="stl_46 stl_12 stl_61">Malaysia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4559em;top:22.0189em;"><span class="stl_46 stl_12 stl_323">MYR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.054em;top:22.0189em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.2859em;top:22.0189em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:22.9164em;"><span class="stl_46 stl_12 stl_13" 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:41.423em;top:22.9164em;"><span class="stl_46 stl_12 stl_34">Mexico  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4559em;top:22.9164em;"><span class="stl_46 stl_12 stl_337">MXN  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.054em;top:22.9164em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0415em;top:22.9164em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:23.8139em;"><span class="stl_46 stl_12 stl_64" style="word-spacing:-0.042em;">Ambu Mexico S. DE R.L. DE C.C.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.9677em;top:23.8139em;"><span class="stl_46 stl_12 stl_34">Mexico  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4558em;top:23.8139em;"><span class="stl_46 stl_12 stl_337">MXN  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.054em;top:23.8139em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7977em;top:23.8139em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:24.7114em;"><span class="stl_46 stl_12 stl_499" style="word-spacing:0.0053em;">Ambu B.V.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.9677em;top:24.7114em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:1.021em;">Netherlands EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.054em;top:24.7114em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7977em;top:24.7114em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:25.6089em;"><span class="stl_46 stl_12 stl_119" 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:51.9677em;top:25.6089em;"><span class="stl_46 stl_12 stl_38" style="word-spacing:-0.0298em;">New Zealand</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.450em;top:25.6089em;"><span class="stl_46 stl_12 stl_55">NZD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.054em;top:25.6089em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7977em;top:25.6089em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4477em;top:26.5064em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.0389em;">Ambu LLC</span><sup style="top: -0.2058em;"><span class="stl_703 stl_12 stl_913" style="word-spacing:-0.0668em;">3  </span></sup></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.9689em;top:26.5087em;"><span class="stl_46 stl_12 stl_34">Russia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.457em;top:26.5087em;"><span class="stl_46 stl_12 stl_518">RUB  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0551em;top:26.5087em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5308em;top:26.5087em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:27.4062em;"><span class="stl_46 stl_12 stl_321" style="word-spacing:-0.0398em;">Firma Ambu, S.L.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.9689em;top:27.4062em;"><span class="stl_46 stl_12 stl_155">Spain  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.457em;top:27.4062em;"><span class="stl_46 stl_12 stl_118">EUR  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0551em;top:27.4062em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7989em;top:27.4062em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:28.3037em;"><span class="stl_46 stl_12 stl_55" style="word-spacing:-0.026em;">Ambu AG  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.9682em;top:28.3037em;"><span class="stl_46 stl_12 stl_116">Switzerland  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4564em;top:28.3037em;"><span class="stl_46 stl_12 stl_458">CHF  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0545em;top:28.3037em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7982em;top:28.3037em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:29.2012em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">Ambu Ltd.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.9682em;top:29.2012em;"><span class="stl_46 stl_12 stl_107">UK  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4564em;top:29.2012em;"><span class="stl_46 stl_12 stl_351">GBP  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0545em;top:29.2012em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7982em;top:29.2012em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.0987em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0403em;">Ambu Inc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.9682em;top:30.0987em;"><span class="stl_46 stl_12 stl_168">USA  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4564em;top:30.0987em;"><span class="stl_46 stl_12 stl_171">USD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0545em;top:30.0987em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:62.7982em;top:30.0987em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:30.9962em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0372em;">King Systems Holding Inc.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.9676em;top:30.9962em;"><span class="stl_46 stl_12 stl_168">USA  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4557em;top:30.9962em;"><span class="stl_46 stl_12 stl_171">USD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0539em;top:30.9962em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5295em;top:30.9962em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:31.8937em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0374em;">King Systems Corp.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.9676em;top:31.8937em;"><span class="stl_46 stl_12 stl_168">USA  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:56.4557em;top:31.8937em;"><span class="stl_46 stl_12 stl_171">USD  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:59.0539em;top:31.8937em;"><span class="stl_46 stl_12 stl_213">100%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0413em;top:31.8937em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.2857em;top:31.8937em;"><span class="stl_46 stl_12 stl_15">x</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4495em;top:33.335em;"><span class="stl_704 stl_12 stl_15">1</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.9219em;top:33.2966em;"><span class="stl_478 stl_12 stl_711" style="word-spacing:-0.0531em;">Sales include promotional activities.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4495em;top:33.9184em;"><span class="stl_704 stl_12 stl_15">2</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.9219em;top:33.8799em;"><span class="stl_478 stl_12 stl_414" 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:39.4495em;top:34.5017em;"><span class="stl_704 stl_12 stl_15">3</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.9219em;top:34.4632em;"><span class="stl_478 stl_12 stl_432" style="word-spacing:-0.0486em;">Ambu is in the process of formally liquidating our Russian subsidiary. We have not sold or marketed any products in Russia  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.9219em;top:35.0467em;"><span class="stl_478 stl_12 stl_383" style="word-spacing:-0.0428em;">during the financial year 2023/24, nor do we have any plans to do so in the future.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_224 stl_08 stl_307" style="word-spacing:-0.0317em;">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_557 stl_17 stl_558" 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_46 stl_12 stl_54" style="word-spacing:-0.0341em;">Ambu is involved in pending litigations, claims and investigations arising out of the normal conduct of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">its business. Ambu’s ongoing operations and the use of Ambu’s products in hospitals and clinics, etc.,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">involve the general risk of claims for damages and sanctions against Ambu. The risk is deemed to be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0419em;">customary for the industry.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Provisions for probable losses have been made for those matters that Management has assessed as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0393em;">needed, but there are uncertainties associated with these estimates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">Ambu does not expect any pending litigations, claims and investigations to have a material effect on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0303em;">Group’s financial position.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5343em;"><span class="stl_557 stl_17 stl_456" 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:20.2887em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0395em;">A change-of-control clause exists in respect to 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:21.0387em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">part of Ambu’s loan financing.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0372em;">Change-of-control remuneration to members of the Executive Management is subject to a maximum  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">value corresponding to two years’ remuneration.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_224 stl_08 stl_307" style="word-spacing:-0.0317em;">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_557 stl_17 stl_558" 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_46 stl_12 stl_54" style="word-spacing:-0.0341em;">Ambu is involved in pending litigations, claims and investigations arising out of the normal conduct of  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0363em;">its business. Ambu’s ongoing operations and the use of Ambu’s products in hospitals and clinics, etc.,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">involve the general risk of claims for damages and sanctions against Ambu. The risk is deemed to be  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:13.5387em;"><span class="stl_46 stl_12 stl_514" style="word-spacing:-0.0419em;">customary for the industry.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">Provisions for probable losses have been made for those matters that Management has assessed as  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0393em;">needed, but there are uncertainties associated with these estimates.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">Ambu does not expect any pending litigations, claims and investigations to have a material effect on the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:18.0387em;"><span class="stl_46 stl_12 stl_183" style="word-spacing:-0.0303em;">Group’s financial position.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:19.5343em;"><span class="stl_557 stl_17 stl_456" 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:20.2887em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0395em;">A change-of-control clause exists in respect to 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:21.0387em;"><span class="stl_46 stl_12 stl_54" style="word-spacing:-0.034em;">part of Ambu’s loan financing.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.5387em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0372em;">Change-of-control remuneration to members of the Executive Management is subject to a maximum  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.2887em;"><span class="stl_46 stl_12 stl_122" style="word-spacing:-0.0355em;">value corresponding to two years’ remuneration.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:9.2258em;"><span class="stl_224 stl_08 stl_47" 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_46 stl_12 stl_485" style="word-spacing:-0.0342em;">At the board meeting on 5 November 2024, the Board of Directors approved the annual report presented.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:11.2887em;"><span class="stl_46 stl_12 stl_309" style="word-spacing:-0.0362em;">Subsequently, the annual report will be presented to the shareholders of Ambu A/S for adoption at the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.0387em;"><span class="stl_46 stl_12 stl_118" style="word-spacing:-0.0331em;">annual general meeting on 4 December 2024, including the proposed distribution of profits for the year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.4974em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:13.4899em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:13.4899em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.0487em;"><span class="stl_46 stl_12 stl_47" style="word-spacing:-0.0345em;">Proposed dividend for the year  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0638em;top:15.0487em;"><span class="stl_46 stl_12 stl_78">102  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.1976em;top:15.0487em;"><span class="stl_46 stl_12 stl_15">-</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.9699em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">Transferred to distributable reserves  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0651em;top:15.9699em;"><span class="stl_46 stl_12 stl_101">133  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3182em;top:15.9699em;"><span class="stl_46 stl_12 stl_115">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9126em;top:16.8837em;"><span class="stl_316 stl_08 stl_156">235  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2007em;top:16.8837em;"><span class="stl_316 stl_08 stl_336">168  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:18.3243em;"><span class="stl_46 stl_12 stl_27" 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:64.8544em;top:18.3243em;"><span class="stl_46 stl_12 stl_122">0.38  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1051em;top:18.3243em;"><span class="stl_46 stl_12 stl_29">0.00  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:19.2455em;"><span class="stl_46 stl_12 stl_278" 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:64.8526em;top:19.2455em;"><span class="stl_46 stl_12 stl_105">43%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4832em;top:19.2455em;"><span class="stl_46 stl_12 stl_278">0%  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:20.7074em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:21.4649em;"><span class="stl_46 stl_12 stl_74" 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:39.4494em;top:22.2149em;"><span class="stl_46 stl_12 stl_309" 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:39.4494em;top:20.7074em;"><span class="stl_316 stl_08 stl_619" style="word-spacing:-0.0351em;">§ Accounting policies  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4494em;top:21.4649em;"><span class="stl_46 stl_12 stl_74" 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:39.4494em;top:22.2149em;"><span class="stl_46 stl_12 stl_309" 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:25.4483em;"><span class="stl_224 stl_08 stl_80" 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:26.7611em;"><span class="stl_46 stl_12 stl_56" 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:27.5111em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">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:28.2611em;"><span class="stl_46 stl_12 stl_117" 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:29.7611em;"><span class="stl_46 stl_12 stl_497" 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:30.5111em;"><span class="stl_46 stl_12 stl_116" 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:31.2611em;"><span class="stl_46 stl_12 stl_65" 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:33.4207em;"><span class="stl_224 stl_08 stl_158" 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:34.7336em;"><span class="stl_46 stl_12 stl_122" 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:35.4836em;"><span class="stl_46 stl_12 stl_94" style="word-spacing:-0.0379em;">Directors’ approval of the annual report.  </span></div> <div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_224 stl_08 stl_109" 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_46 stl_12 stl_13" style="word-spacing:-0.0372em;">The Group uses several financial metrics, which are not defined in IFRS accounting standards. These  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_46 stl_12 stl_225" style="word-spacing:-0.0326em;">Alternative Performance Measures (APM's) are used in the daily management of the Group and in the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_46 stl_12 stl_74" style="word-spacing:-0.0374em;">communication with external stakeholders. The non-IFRS financial measures are defined by management  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.7887em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0327em;">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_46 stl_12 stl_197" style="word-spacing:-0.0282em;">The most relevant APM's are: 'Organic growth', 'Special items', 'EBITDA before special items', 'Net work-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.0387em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0356em;">ing capital', 'Net-interest bearing debt' and 'Free cash flow before acquisitions of enterprises and technol-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:15.7887em;"><span class="stl_46 stl_12 stl_442">ogy'.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:17.2887em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">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:18.0387em;"><span class="stl_46 stl_12 stl_262" 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:19.5312em;"><span class="stl_316 stl_08 stl_514" 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:20.4836em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:28.6969em;top:20.4761em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.9363em;top:20.4761em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.0349em;"><span class="stl_46 stl_12 stl_320" style="word-spacing:-0.0407em;">Operating profit (EBIT)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.3882em;top:22.0349em;"><span class="stl_46 stl_12 stl_324">311  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5788em;top:22.0349em;"><span class="stl_46 stl_12 stl_329">294  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:22.9561em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">Depreciations, amortisations and impairment losses  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:23.7061em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.0399em;">on non-current assets, cf. note 2.4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.34em;top:23.7061em;"><span class="stl_46 stl_12 stl_859">696  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.5475em;top:23.7061em;"><span class="stl_46 stl_12 stl_337">348  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:24.6199em;"><span class="stl_316 stl_08 stl_51">EBITDA  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.61em;top:24.6199em;"><span class="stl_316 stl_08 stl_327">1,007  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4332em;top:24.6199em;"><span class="stl_316 stl_08 stl_278">642  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.0605em;"><span class="stl_46 stl_12 stl_314" 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:30.3em;top:26.0605em;"><span class="stl_46 stl_12 stl_76">334  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:35.3044em;top:26.0605em;"><span class="stl_46 stl_12 stl_15">8</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:26.9818em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">of which depreciations, amortisations and impairment, cf. note 2.4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1025em;top:26.9818em;"><span class="stl_46 stl_12 stl_202">-332  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.8013em;top:26.9818em;"><span class="stl_46 stl_12 stl_138">-18  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:27.8955em;"><span class="stl_316 stl_08 stl_117" style="word-spacing:-0.0388em;">EBITDA before special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:29.5944em;top:27.8955em;"><span class="stl_316 stl_08 stl_157">1,009  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4369em;top:27.8955em;"><span class="stl_316 stl_08 stl_155">632  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:29.3361em;"><span class="stl_46 stl_12 stl_315" style="word-spacing:-0.0381em;">Depreciations, amortisations and impairment losses,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.0861em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0368em;">not classified as special items, cf. note 2.4  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.0857em;top:30.0861em;"><span class="stl_46 stl_12 stl_322">-364  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.3413em;top:30.0861em;"><span class="stl_46 stl_12 stl_113">-330  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:30.9999em;"><span class="stl_316 stl_08 stl_514" style="word-spacing:-0.0418em;">EBIT before special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:30.1719em;top:30.9999em;"><span class="stl_316 stl_08 stl_107">645  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:34.4382em;top:30.9999em;"><span class="stl_316 stl_08 stl_171">302  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:10.478em;"><span class="stl_316 stl_08 stl_320" 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:11.4306em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4213em;top:11.4231em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6607em;top:11.4231em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:12.9818em;"><span class="stl_46 stl_12 stl_178" style="word-spacing:-0.0271em;">Total current assets (IFRS)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.5038em;top:12.9818em;"><span class="stl_46 stl_12 stl_488">2,637  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.7307em;top:12.9818em;"><span class="stl_46 stl_12 stl_47">2,008  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:13.9031em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">Income tax receivable  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1682em;top:13.9031em;"><span class="stl_46 stl_12 stl_940">-40  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.4432em;top:13.9031em;"><span class="stl_46 stl_12 stl_116">-50  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:14.8243em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0396em;">Derivative financial instruments  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.5644em;top:14.8243em;"><span class="stl_46 stl_12 stl_350">-3  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.5519em;top:14.8243em;"><span class="stl_46 stl_12 stl_326">-11  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4488em;top:15.7456em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8863em;top:15.7456em;"><span class="stl_46 stl_12 stl_370">-</span><span class="stl_46 stl_12 stl_397">6</span><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1663em;top:15.7456em;"><span class="stl_46 stl_12 stl_666">-157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:16.6593em;"><span class="stl_316 stl_08 stl_75" style="word-spacing:-0.0402em;">Total current assets adjusted  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3713em;top:16.6593em;"><span class="stl_316 stl_08 stl_377">1,979  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:68.6019em;top:16.6593em;"><span class="stl_316 stl_08 stl_334">1,790  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:18.0999em;"><span class="stl_46 stl_12 stl_207" style="word-spacing:-0.0244em;">Total current liabilities (IFRS)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3782em;top:18.0999em;"><span class="stl_46 stl_12 stl_941">-1,059  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1144em;top:18.0999em;"><span class="stl_46 stl_12 stl_772">-942  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:19.0212em;"><span class="stl_46 stl_12 stl_51">Provisions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.7763em;top:19.0212em;"><span class="stl_46 stl_12 stl_15">6</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:70.0282em;top:19.0212em;"><span class="stl_46 stl_12 stl_15">9</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:19.9424em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4219em;top:19.9424em;"><span class="stl_46 stl_12 stl_104">75  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6701em;top:19.9424em;"><span class="stl_46 stl_12 stl_437">72  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:20.8637em;"><span class="stl_46 stl_12 stl_320" style="word-spacing:-0.0406em;">Income tax  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.4188em;top:20.8637em;"><span class="stl_46 stl_12 stl_431">49  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.6832em;top:20.8637em;"><span class="stl_46 stl_12 stl_69">10  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:21.7774em;"><span class="stl_316 stl_08 stl_321" style="word-spacing:-0.0397em;">Net working capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.3269em;top:21.7774em;"><span class="stl_316 stl_08 stl_308">1,050  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1707em;top:21.7774em;"><span class="stl_316 stl_08 stl_212">939  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:24.0293em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4207em;top:24.0218em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6601em;top:24.0218em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:25.5806em;"><span class="stl_46 stl_12 stl_322" style="word-spacing:-0.0414em;">Cash and cash equivalents  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.8857em;top:25.5806em;"><span class="stl_46 stl_12 stl_370">-</span><span class="stl_46 stl_12 stl_397">6</span><span class="stl_46 stl_12 stl_354">15  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1657em;top:25.5806em;"><span class="stl_46 stl_12 stl_666">-157  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:26.5018em;"><span class="stl_46 stl_12 stl_310" style="word-spacing:-0.0334em;">Lease liabilities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.0307em;top:26.5018em;"><span class="stl_46 stl_12 stl_166">558  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.2751em;top:26.5018em;"><span class="stl_46 stl_12 stl_76">584  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:27.4155em;"><span class="stl_316 stl_08 stl_64" style="word-spacing:-0.042em;">Net interest-bearing debt  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:65.1182em;top:27.4155em;"><span class="stl_316 stl_08 stl_135">-57  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1757em;top:27.4155em;"><span class="stl_316 stl_08 stl_295">427  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:29.6674em;"><span class="stl_46 stl_12 stl_174">(DKKm)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:63.4201em;top:29.6599em;"><span class="stl_316 stl_08 stl_160">2023/24  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.6594em;top:29.6599em;"><span class="stl_316 stl_08 stl_202">2022/23  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:31.2187em;"><span class="stl_46 stl_12 stl_113" 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:65.0857em;top:31.2187em;"><span class="stl_46 stl_12 stl_340">813  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.3569em;top:31.2187em;"><span class="stl_46 stl_12 stl_363">518  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4482em;top:32.1399em;"><span class="stl_46 stl_12 stl_74" 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:64.8563em;top:32.1399em;"><span class="stl_46 stl_12 stl_57">-289  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.0944em;top:32.1399em;"><span class="stl_46 stl_12 stl_243">-326  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4476em;top:33.0537em;"><span class="stl_316 stl_08 stl_113" style="word-spacing:-0.0387em;">Free cash flow  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:64.9201em;top:33.0537em;"><span class="stl_316 stl_08 stl_275">524  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:69.1982em;top:33.0537em;"><span class="stl_316 stl_08 stl_115">192  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:9.2256em;"><span class="stl_224 stl_08 stl_163" 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_46 stl_12 stl_314" style="word-spacing:-0.0336em;">The key figure and ratios used in the annual report is defined as shown below. 'APM' (Alternative  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:11.2887em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0339em;">Performance Measure) / 'IFRS' indicates whether the metric is defined by IFRS or not. Reference is made  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7244em;top:12.0387em;"><span class="stl_46 stl_12 stl_86" style="word-spacing:-0.0271em;">to note 5.9 for a reconciliation of APM's 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_316 stl_08 stl_361" 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_316 stl_08 stl_318" 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_46 stl_12 stl_80" 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_46 stl_12 stl_80" 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_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:17.1274em;"><span class="stl_46 stl_12 stl_123" 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:17.1274em;"><span class="stl_46 stl_12 stl_117" 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:17.1274em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:17.8774em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0352em;">management and administrative expenses, as well  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:18.6274em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">as other operating income and expenses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:19.7849em;"><span class="stl_46 stl_12 stl_63" 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:19.7849em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">Operating profit before special items, depreciation,  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.752em;top:19.7849em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:20.5349em;"><span class="stl_46 stl_12 stl_123" style="word-spacing:-0.0391em;">amortisation and impairment losses.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:21.6924em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Operating profit (EBIT) before  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:21.6924em;"><span class="stl_46 stl_12 stl_619" 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:21.6924em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:22.4424em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0366em;">special items  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:22.4424em;"><span class="stl_46 stl_12 stl_538" 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:23.5999em;"><span class="stl_46 stl_12 stl_320" 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:23.5999em;"><span class="stl_46 stl_12 stl_95" 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:23.5999em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:24.7574em;"><span class="stl_46 stl_12 stl_207" 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_46 stl_12 stl_320" style="word-spacing:-0.0406em;">Special items comprise costs that cannot be attri-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.752em;top:24.7574em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:25.5074em;"><span class="stl_46 stl_12 stl_65" style="word-spacing:-0.038em;">buted 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_46 stl_12 stl_47" style="word-spacing:-0.0344em;">are non-recurring of nature.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:27.8562em;"><span class="stl_316 stl_08 stl_117" 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:28.7849em;"><span class="stl_46 stl_12 stl_105" 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:28.7849em;"><span class="stl_46 stl_12 stl_34" style="word-spacing:-0.0364em;">Inventories, trade receivables, other receivables  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.752em;top:28.7849em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:29.5349em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0373em;">and prepayments, less trade payables and other  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:30.2849em;"><span class="stl_46 stl_12 stl_309">payables.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:31.4424em;"><span class="stl_46 stl_12 stl_34" 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:31.4424em;"><span class="stl_46 stl_12 stl_314" style="word-spacing:-0.0336em;">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:31.4424em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:32.1924em;"><span class="stl_46 stl_12 stl_116" 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:32.9424em;"><span class="stl_46 stl_12 stl_116" style="word-spacing:-0.037em;">bonds, but not trade payables.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:34.0999em;"><span class="stl_46 stl_12 stl_51" 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:34.0999em;"><span class="stl_46 stl_12 stl_60" style="word-spacing:-0.0397em;">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:34.0999em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:34.8499em;"><span class="stl_46 stl_12 stl_430">lents.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:36.0074em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0386em;">Invested capital  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:36.0074em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0372em;">Equity and net interest bearing debt.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.752em;top:36.0074em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.9201em;top:13.4897em;"><span class="stl_316 stl_08 stl_361" 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:15.0409em;"><span class="stl_316 stl_08 stl_372" style="word-spacing:-0.0457em;">Cash flows  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:15.9697em;"><span class="stl_46 stl_12 stl_399" style="word-spacing:-0.0444em;">Cash flow from operating activities  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:15.9697em;"><span class="stl_46 stl_12 stl_361" 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:69.602em;top:15.9697em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:16.7197em;z-index:1584;"><span class="stl_46 stl_12 stl_323" style="word-spacing:-0.06em;">IAS </span><span class="stl_46 stl_12 stl_348">7</span><span class="stl_46 stl_12 stl_348">.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4495em;top:17.8772em;"><span class="stl_46 stl_12 stl_64" 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:51.0245em;top:17.8772em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:-0.0424em;">Cash flow from investing activities, as defined in IAS  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.4764em;top:17.8772em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4495em;top:18.6272em;"><span class="stl_46 stl_12 stl_27" style="word-spacing:-0.0367em;">before acquisitions of enterprises  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0245em;top:18.6272em;z-index:1727;"><span class="stl_46 stl_12 stl_348" style="word-spacing:0.178em;">7, </span><span class="stl_46 stl_12 stl_156">e</span><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">xcluding cash flow for the acquisition of technol-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4495em;top:19.3772em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">and technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0245em;top:19.3772em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0404em;">ogies and enterprises.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4495em;top:20.5347em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">Free cash flow before acquisitions  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0245em;top:20.5347em;"><span class="stl_46 stl_12 stl_130" 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:67.4764em;top:20.5347em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4495em;top:21.2847em;"><span class="stl_46 stl_12 stl_558" style="word-spacing:-0.0385em;">of enterprises and technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0245em;top:21.2847em;"><span class="stl_46 stl_12 stl_75" 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:51.0245em;top:22.0347em;"><span class="stl_46 stl_12 stl_485" 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:39.4495em;top:23.1922em;"><span class="stl_46 stl_12 stl_63" style="word-spacing:-0.0358em;">Acquisitions of enterprises and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0245em;top:23.1922em;"><span class="stl_46 stl_12 stl_315" 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:67.4764em;top:23.1922em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4495em;top:23.9422em;"><span class="stl_46 stl_12 stl_65">technology  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0245em;top:23.9422em;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0332em;">technologies, including payment to the seller and  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0245em;top:24.6922em;"><span class="stl_46 stl_12 stl_13" style="word-spacing:-0.0372em;">payment of earn-outs less cash in acquired enter-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0245em;top:25.4422em;"><span class="stl_46 stl_12 stl_351">prises.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.1957em;top:10.5317em;"><span class="stl_316 stl_08 stl_361" 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:12.083em;"><span class="stl_316 stl_08 stl_321" style="word-spacing:-0.0397em;">Key figures and ratios  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:13.0117em;"><span class="stl_46 stl_12 stl_105" style="word-spacing:-0.04em;">Organic growth  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.2995em;top:13.0117em;"><span class="stl_46 stl_12 stl_80" 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:32.7514em;top:13.0117em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.2995em;top:13.7617em;"><span class="stl_46 stl_12 stl_65" 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:16.2995em;top:14.5117em;"><span class="stl_46 stl_12 stl_148" 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:16.2995em;top:15.2617em;"><span class="stl_46 stl_12 stl_29" style="word-spacing:-0.0365em;">period of comparison.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:16.4192em;"><span class="stl_46 stl_12 stl_383" style="word-spacing:-0.0429em;">OPEX ratio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.2995em;top:16.4192em;"><span class="stl_46 stl_12 stl_130" 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:32.7514em;top:16.4192em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7245em;top:17.5767em;"><span class="stl_46 stl_12 stl_252" style="word-spacing:-0.0128em;">Tax rate  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.2995em;top:17.5767em;"><span class="stl_46 stl_12 stl_125" 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:34.8776em;top:17.5767em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:18.7342em;"><span class="stl_46 stl_12 stl_76" 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:16.299em;top:18.7342em;"><span class="stl_46 stl_12 stl_51" 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:32.752em;top:18.7342em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:19.8917em;"><span class="stl_46 stl_12 stl_81" style="word-spacing:-0.0333em;">EBIT margin  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:19.8917em;"><span class="stl_46 stl_12 stl_165" style="word-spacing:-0.0293em;">EBIT in % of revenue.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.752em;top:19.8917em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:21.0492em;"><span class="stl_46 stl_12 stl_34" 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:16.3001em;top:21.0492em;"><span class="stl_46 stl_12 stl_81" 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:32.752em;top:21.0492em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7251em;top:22.2067em;"><span class="stl_46 stl_12 stl_114" style="word-spacing:-0.0413em;">Return on equity  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:22.2067em;"><span class="stl_46 stl_12 stl_48" 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:34.8783em;top:22.2067em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3001em;top:22.9567em;"><span class="stl_46 stl_12 stl_54" 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:4.7258em;top:24.1142em;"><span class="stl_46 stl_12 stl_278" 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:16.3008em;top:24.1142em;"><span class="stl_46 stl_12 stl_13" 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:32.7526em;top:24.1142em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3008em;top:24.8642em;"><span class="stl_46 stl_12 stl_124">items.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7258em;top:26.0217em;"><span class="stl_46 stl_12 stl_361" style="word-spacing:-0.0424em;">Equity ratio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3008em;top:26.0217em;"><span class="stl_46 stl_12 stl_125" style="word-spacing:-0.0328em;">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:34.8789em;top:26.0217em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7264em;top:28.1005em;"><span class="stl_46 stl_12 stl_292" style="word-spacing:-0.0285em;">CFFI, % of revenue  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3014em;top:28.1005em;"><span class="stl_46 stl_12 stl_337" 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:32.7533em;top:28.1005em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3014em;top:28.8505em;"><span class="stl_46 stl_12 stl_194" 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:4.7264em;top:30.008em;"><span class="stl_46 stl_12 stl_76" 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:16.3014em;top:30.008em;"><span class="stl_46 stl_12 stl_278" 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:32.7533em;top:30.008em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3014em;top:30.758em;"><span class="stl_46 stl_12 stl_113" style="word-spacing:-0.0385em;">prepayments, less trade payables and other paya-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3014em;top:31.508em;"><span class="stl_46 stl_12 stl_38" style="word-spacing:-0.0298em;">bles in % of revenue.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:4.7264em;top:32.6655em;"><span class="stl_46 stl_12 stl_47" 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:16.3014em;top:32.6655em;"><span class="stl_46 stl_12 stl_126" style="word-spacing:-0.0289em;">EBIT b.s.i. for a rolling 12-month period, less the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:32.7533em;top:32.6655em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3014em;top:33.4155em;"><span class="stl_46 stl_12 stl_619" style="word-spacing:-0.0353em;">Group’s expected long-term tax rate, relative to the  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3014em;top:34.1655em;"><span class="stl_46 stl_12 stl_119" style="word-spacing:-0.0349em;">average equity, plus the average net interest-bearing  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:16.3014em;top:34.9155em;"><span class="stl_46 stl_12 stl_59">debt.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:66.9201em;top:10.5317em;"><span class="stl_316 stl_08 stl_361" 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:12.083em;"><span class="stl_316 stl_08 stl_372" style="word-spacing:-0.0458em;">Share-related ratios  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4489em;top:13.0117em;"><span class="stl_46 stl_12 stl_66" style="word-spacing:-0.0279em;">Earnings per share (EPS)  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:13.0117em;"><span class="stl_46 stl_12 stl_61" 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:69.602em;top:13.0117em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0239em;top:13.7617em;"><span class="stl_46 stl_12 stl_59" style="word-spacing:-0.039em;">ance with IAS 33.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4495em;top:14.9192em;"><span class="stl_46 stl_12 stl_125" 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:51.0245em;top:14.9192em;"><span class="stl_46 stl_12 stl_225" 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:69.6027em;top:14.9192em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0245em;top:15.6692em;"><span class="stl_46 stl_12 stl_383" style="word-spacing:-0.0429em;">with IAS 33.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4502em;top:16.8267em;"><span class="stl_46 stl_12 stl_124" style="word-spacing:-0.0405em;">Cash flow per share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0252em;top:16.8267em;"><span class="stl_46 stl_12 stl_337" style="word-spacing:-0.0411em;">Cash flow from operating activities, relative to num-  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:67.477em;top:16.8267em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0252em;top:17.5767em;"><span class="stl_46 stl_12 stl_175" style="word-spacing:-0.0259em;">ber of shares at end of year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4502em;top:18.7342em;"><span class="stl_46 stl_12 stl_278" style="word-spacing:-0.036em;">Equity value per share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0252em;top:18.7342em;"><span class="stl_46 stl_12 stl_192" 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:67.477em;top:18.7342em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0252em;top:19.4842em;"><span class="stl_46 stl_12 stl_257">year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4502em;top:20.6417em;"><span class="stl_46 stl_12 stl_95" style="word-spacing:-0.0357em;">Dividend per share  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0252em;top:20.6417em;"><span class="stl_46 stl_12 stl_194" style="word-spacing:-0.0295em;">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:69.6033em;top:20.6417em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4508em;top:21.7992em;"><span class="stl_46 stl_12 stl_520" style="word-spacing:-0.0376em;">Pay-out ratio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0258em;top:21.7992em;"><span class="stl_46 stl_12 stl_114" 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:69.6039em;top:21.7992em;"><span class="stl_46 stl_12 stl_15">X</span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0258em;top:22.5492em;"><span class="stl_46 stl_12 stl_257">year.  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:39.4514em;top:23.7067em;"><span class="stl_46 stl_12 stl_330" style="word-spacing:-0.022em;">P/E ratio  </span></div><div xmlns="http://www.w3.org/1999/xhtml" class="stl_01" style="left:51.0264em;top:23.7067em;"><span class="stl_46 stl_12 stl_194" 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:67.4783em;top:23.7067em;"><span class="stl_46 stl_12 stl_15">X</span></div> A/S Ambu A/S   Baltorpbakken 13  DK-2750 Ballerup   Denmark Denmark Denmark