894500SWECYCFZ58R246 2025-01-01 2025-12-31 894500SWECYCFZ58R246 2024-01-01 2024-12-31 894500SWECYCFZ58R246 2025-12-31 894500SWECYCFZ58R246 2024-12-31 894500SWECYCFZ58R246 2023-12-31 894500SWECYCFZ58R246 2024-12-31 ifrs-full:IssuedCapitalMember 894500SWECYCFZ58R246 2024-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 894500SWECYCFZ58R246 2024-12-31 ifrs-full:RetainedEarningsMember 894500SWECYCFZ58R246 2024-12-31 HUS:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersRecognisedInEquityMember 894500SWECYCFZ58R246 2025-01-01 2025-12-31 ifrs-full:IssuedCapitalMember 894500SWECYCFZ58R246 2025-01-01 2025-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 894500SWECYCFZ58R246 2025-01-01 2025-12-31 ifrs-full:RetainedEarningsMember 894500SWECYCFZ58R246 2025-01-01 2025-12-31 HUS:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersRecognisedInEquityMember 894500SWECYCFZ58R246 2025-12-31 ifrs-full:IssuedCapitalMember 894500SWECYCFZ58R246 2025-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 894500SWECYCFZ58R246 2025-12-31 ifrs-full:RetainedEarningsMember 894500SWECYCFZ58R246 2025-12-31 HUS:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersRecognisedInEquityMember 894500SWECYCFZ58R246 2023-12-31 ifrs-full:IssuedCapitalMember 894500SWECYCFZ58R246 2023-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 894500SWECYCFZ58R246 2023-12-31 ifrs-full:RetainedEarningsMember 894500SWECYCFZ58R246 2023-12-31 HUS:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersRecognisedInEquityMember 894500SWECYCFZ58R246 2024-01-01 2024-12-31 ifrs-full:IssuedCapitalMember 894500SWECYCFZ58R246 2024-01-01 2024-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 894500SWECYCFZ58R246 2024-01-01 2024-12-31 ifrs-full:RetainedEarningsMember 894500SWECYCFZ58R246 2024-01-01 2024-12-31 HUS:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersRecognisedInEquityMember iso4217:DKK iso4217:DKK xbrli:shares 2956517000 2297157000 2468705000 1821751000 487812000 475406000 303022000 265551000 123525000 107379000 88000 1151000 61353000 103627000 45896000 47840000 15457000 55787000 1418000 2184000 44469000 48986000 -27594000 8985000 -1358000 14119000 -26236000 -5134000 -26236000 -5134000 -1.2 -0.2 -1.2 -0.2 -26236000 -5134000 28634000 -11778000 28634000 -11778000 2398000 -16912000 2398000 -16912000 2024087000 2009405000 26426000 22376000 64611000 59626000 94444000 86743000 17731000 15366000 16165000 15540000 2243464000 2209056000 290799000 234340000 819036000 471735000 150769000 133607000 9312000 9523000 10378000 9528000 377507000 300590000 1657801000 1159323000 3901265000 3368379000 108550000 108550000 1984136000 1973212000 2092686000 2081762000 505380000 505634000 41856000 42283000 58150000 38407000 8419000 9336000 613805000 595660000 905000 936000 26843000 23049000 505595000 378793000 475171000 146350000 32498000 34887000 39809000 39283000 113953000 67659000 1194774000 690957000 1808579000 1286617000 3901265000 3368379000 61353000 103627000 40603000 31007000 101956000 134634000 -81208000 -44524000 183164000 179158000 1418000 1683000 3935000 3850000 40534000 44928000 4307000 16592000 135806000 115471000 19857000 5475000 181000 395000 13631000 5813000 625000 0 -33932000 -10893000 961000 913000 24336000 21099000 0 5888000 -25297000 -27900000 76577000 76678000 300590000 223454000 340000 458000 377507000 300590000 377507000 300590000 377507000 300590000 101874000 104578000 108550000 -20179000 1993391000 0 2081762000 0 0 -26236000 0 -26236000 0 28634000 0 0 28634000 0 28634000 0 0 28634000 0 0 8526000 0 8526000 0 0 0 0 0 0 0 8526000 0 8526000 108550000 8455000 1975681000 0 2092686000 108550000 -8401000 1997444000 0 2097593000 0 0 -5134000 0 -5134000 0 -11778000 0 0 -11778000 0 -11778000 0 0 -11778000 0 0 6969000 0 6969000 0 0 5888000 0 5888000 0 0 1081000 0 1081000 108550000 -20179000 1993391000 0 2081762000 <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis<span class="_ _0"/> of<span class="_ _0"/> prep<span class="_ _0"/>arat<span class="_ _0"/>i<span class="_ _0"/>on</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Introduc<span class="_ _5"/>tion</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">HusCompagniet A<span class="_ _5"/>/S is a<span class="_ _0"/> public limited c<span class="_ _0"/>ompany incorporated<span class="_ _0"/> and domiciled in<span class="_ _0"/> Denmark and listed on<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nasdaq Copenhagen. </span>The Group is<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> a leading pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>vider of single-family detached houses in Denmark. The<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> Group’<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s core<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> act<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ivit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y is the design,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> sale and delivery of customisable high-qualit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y detached houses in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> Denmark to c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>onsumers predominantly built on-site on third-par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y (customer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-owned) land. The Group designs,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> sells and delivers semi-detached houses in Denmark t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o consumers, and t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pro<span class="_ _5"/>fe<span class="_ _5"/>ssi<span class="_ _5"/>on<span class="_ _5"/>al i<span class="_ _5"/>nves<span class="_ _5"/>to<span class="_ _5"/>r<span class="_ _5"/>s, b<span class="_ _5"/>ot<span class="_ _5"/>h on l<span class="_ _5"/>and o<span class="_ _5"/>wn<span class="_ _5"/>ed b<span class="_ _5"/>y th<span class="_ _5"/>e Gr<span class="_ _5"/>oup a<span class="_ _5"/>nd o<span class="_ _5"/>n la<span class="_ _5"/>nd ow<span class="_ _5"/>ne<span class="_ _5"/>d by i<span class="_ _5"/>nves<span class="_ _5"/>to<span class="_ _5"/>r<span class="_ _5"/>s. I<span class="_ _5"/>nve<span class="_ _5"/>st<span class="_ _5"/>or<span class="_ _5"/>s in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the semi-<span class="_ _5"/>detached business-to<span class="_ _5"/>-business segment often lease or sell<span class="_ _0"/> the houses to<span class="_ _0"/> end-<span class="_ _5"/>users. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group is<span class="_ _0"/> also present in<span class="_ _0"/> Sweden, where<span class="_ _0"/> it produces prefabricated<span class="_ _0"/> wooden-fr<span class="_ _5"/>amed detached houses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in i<span class="_ _5"/>t<span class="_ _5"/>s fac<span class="_ _3"/>tor<span class="_ _5"/>y, wh<span class="_ _5"/>ich a<span class="_ _5"/>re f<span class="_ _5"/>i<span class="_ _5"/>nal<span class="_ _5"/>is<span class="_ _5"/>ed o<span class="_ _5"/>n<span class="_ _5"/>-<span class="_ _5"/>sit<span class="_ _5"/>e an<span class="_ _5"/>d in mo<span class="_ _5"/>s<span class="_ _5"/>t ca<span class="_ _5"/>ses f<span class="_ _5"/>ac<span class="_ _5"/>il<span class="_ _5"/>it<span class="_ _5"/>ate<span class="_ _5"/>d by t<span class="_ _5"/>hir<span class="_ _5"/>d<span class="_ _5"/>-<span class="_ _5"/>par<span class="_ _3"/>t<span class="_ _5"/>y sa<span class="_ _5"/>le<span class="_ _5"/>s ag<span class="_ _5"/>ent<span class="_ _5"/>s<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The a<span class="_ _5"/>nn<span class="_ _5"/>ual r<span class="_ _5"/>ep<span class="_ _5"/>or<span class="_ _5"/>t h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n ad<span class="_ _5"/>op<span class="_ _5"/>ted b<span class="_ _5"/>y th<span class="_ _5"/>e Bo<span class="_ _5"/>ard o<span class="_ _5"/>f Di<span class="_ _5"/>re<span class="_ _5"/>c<span class="_ _5"/>tor<span class="_ _5"/>s a<span class="_ _5"/>t th<span class="_ _5"/>eir m<span class="_ _5"/>ee<span class="_ _5"/>ti<span class="_ _5"/>ng o<span class="_ _5"/>n 6 Ma<span class="_ _5"/>rch 2<span class="_ _5"/>026. T<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ann<span class="_ _5"/>ua<span class="_ _5"/>l rep<span class="_ _5"/>or<span class="_ _3"/>t wi<span class="_ _5"/>ll b<span class="_ _5"/>e pre<span class="_ _5"/>se<span class="_ _5"/>nte<span class="_ _5"/>d to t<span class="_ _5"/>he sh<span class="_ _5"/>ar<span class="_ _5"/>eho<span class="_ _5"/>ld<span class="_ _5"/>er<span class="_ _5"/>s of H<span class="_ _5"/>u<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pag<span class="_ _5"/>ni<span class="_ _5"/>et A<span class="_ _3"/>/S fo<span class="_ _5"/>r ap<span class="_ _5"/>pro<span class="_ _5"/>va<span class="_ _5"/>l at t<span class="_ _5"/>he A<span class="_ _5"/>nnu<span class="_ _5"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">General Meeting. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acc<span class="_ _0"/>ounting policies applied t<span class="_ _0"/>o the consolidated<span class="_ _0"/> financial statement<span class="_ _5"/>s are<span class="_ _0"/> described in Note<span class="_ _0"/> 1.1. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Material acc<span class="_ _0"/>ounting policy information are in<span class="_ _0"/> connection with the notes/sections to<span class="_ _0"/> which they r<span class="_ _0"/>elate. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The descriptions of<span class="_ _0"/> accounting policies<span class="_ _0"/> in the not<span class="_ _0"/>es/sections form part of the o<span class="_ _0"/>verall description of<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accounting policies.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acc<span class="_ _0"/>ounting policies applied ar<span class="_ _0"/>e unchanged compared<span class="_ _0"/> to last y<span class="_ _0"/>ear<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis of preparation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e An<span class="_ _5"/>nu<span class="_ _5"/>al re<span class="_ _5"/>p<span class="_ _5"/>or<span class="_ _5"/>t f<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d 1 Ja<span class="_ _5"/>na<span class="_ _5"/>ur<span class="_ _3"/>y - 31 D<span class="_ _5"/>e<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cem<span class="_ _5"/>be<span class="_ _5"/>r 2025 wi<span class="_ _5"/>t<span class="_ _5"/>h com<span class="_ _5"/>pa<span class="_ _5"/>ra<span class="_ _5"/>t<span class="_ _5"/>iv<span class="_ _5"/>e f<span class="_ _5"/>ig<span class="_ _5"/>ure<span class="_ _5"/>s co<span class="_ _5"/>mp<span class="_ _5"/>ri<span class="_ _5"/>se t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated financial statements of<span class="_ _0"/> HusCompagniet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A<span class="_ _5"/>/S (the parent<span class="_ _0"/> company) and<span class="_ _0"/> its subsidiaries (the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements of the Group<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ha<span class="_ _5"/>s be<span class="_ _5"/>en p<span class="_ _5"/>re<span class="_ _5"/>pa<span class="_ _5"/>red o<span class="_ _5"/>n a go<span class="_ _5"/>in<span class="_ _5"/>g co<span class="_ _5"/>nce<span class="_ _5"/>rn b<span class="_ _5"/>as<span class="_ _5"/>is a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in acc<span class="_ _0"/>ordance with IFRS®<span class="_ _0"/> Accounting Standards<span class="_ _0"/> as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ad<span class="_ _5"/>op<span class="_ _5"/>ted b<span class="_ _5"/>y th<span class="_ _5"/>e EU a<span class="_ _5"/>nd a<span class="_ _5"/>dd<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>al re<span class="_ _5"/>qu<span class="_ _5"/>ir<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Danish Financial<span class="_ _0"/> Statements Act applying to class<span class="_ _0"/> D </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">companies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements have been<span class="_ _0"/> pre<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pa<span class="_ _5"/>red o<span class="_ _5"/>n a hi<span class="_ _5"/>s<span class="_ _5"/>tor<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>l cos<span class="_ _5"/>t ba<span class="_ _5"/>si<span class="_ _5"/>s<span class="_ _5"/>, exce<span class="_ _5"/>pt w<span class="_ _5"/>he<span class="_ _5"/>n no<span class="_ _5"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other<span class="_ _5"/>wise in the<span class="_ _0"/> various acc<span class="_ _0"/>ounting policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These c<span class="_ _0"/>onsolidated financial statements are e<span class="_ _0"/>x<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _5"/>ss<span class="_ _5"/>ed i<span class="_ _5"/>n D<span class="_ _5"/>KK<span class="_ _5"/>, a<span class="_ _5"/>s it i<span class="_ _5"/>s Hu<span class="_ _5"/>sC<span class="_ _5"/>o<span class="_ _5"/>mp<span class="_ _5"/>ag<span class="_ _5"/>nie<span class="_ _5"/>t A<span class="_ _3"/>/S’ f<span class="_ _5"/>un<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">al and<span class="_ _0"/> presentation currency<span class="_ _0"/>. All values<span class="_ _0"/> are rounded<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to t<span class="_ _5"/>he ne<span class="_ _5"/>ar<span class="_ _5"/>es<span class="_ _5"/>t D<span class="_ _5"/>KK‘<span class="_ _5"/>0<span class="_ _5"/>00.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Applying materialit<span class="_ _5"/>y</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The financial statements are<span class="_ _0"/> a result o<span class="_ _0"/>f processing<span class="_ _0"/> a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">large number<span class="_ _0"/> of transactions and aggr<span class="_ _0"/>egating those </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transac<span class="_ _5"/>tions into<span class="_ _0"/> classes according<span class="_ _0"/> to their<span class="_ _0"/> nature.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When aggregated,<span class="_ _0"/> the transac<span class="_ _5"/>tions are<span class="_ _0"/> presented in<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">classes of<span class="_ _0"/> similar items<span class="_ _0"/> in the financial statements. If </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a line<span class="_ _0"/> item is not<span class="_ _0"/> individually material, it<span class="_ _0"/> is aggregated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with other items<span class="_ _0"/> of similar n<span class="_ _0"/>ature in<span class="_ _0"/> the financial state<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt<span class="_ _5"/>s o<span class="_ _5"/>r in t<span class="_ _5"/>he n<span class="_ _5"/>ote<span class="_ _5"/>s. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">There ar<span class="_ _0"/>e substantial disclouse requirements </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">throughout IFRS. Management pro<span class="_ _0"/>vides specific </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosures r<span class="_ _0"/>equired by<span class="_ _0"/> IFRS unless the inf<span class="_ _0"/>ormation is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considered<span class="_ _0"/> immaterial<span class="_ _0"/> to the<span class="_ _0"/> economic decision-mak<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g of t<span class="_ _5"/>he u<span class="_ _5"/>se<span class="_ _5"/>rs o<span class="_ _5"/>f th<span class="_ _5"/>e f<span class="_ _5"/>i<span class="_ _5"/>nac<span class="_ _5"/>ia<span class="_ _5"/>l s<span class="_ _5"/>ta<span class="_ _5"/>tem<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s o<span class="_ _5"/>r not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">applicable.</span> Denmark Denmark The Group is a leading provider of single-family detached houses in Denmark. The Group’s core activity is the design, sale and delivery of customisable high-quality detached houses in Denmark to consumers predominantly built on-site on third-party (customer-owned) land. The Group designs, sells and delivers semi-detached houses in Denmark to consumers, and to professional investors, both on land owned by the Group and on land owned by investors. Denmark <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 1<span class="_ _3"/>.<span class="_ _0"/>1<span class="ff48 fc0 ls48 wsb4"> <span class="_ _5c"> </span>Mat<span class="_ _0"/>eri<span class="_ _0"/>al accoun<span class="_ _0"/>tin<span class="_ _0"/>g polic<span class="_ _0"/>y inf<span class="_ _0"/>ormat<span class="_ _0"/>ion</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Change in<span class="_ _0"/> presentation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A<span class="_ _5"/>s of 2025, t<span class="_ _5"/>he G<span class="_ _5"/>r<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s cha<span class="_ _5"/>ng<span class="_ _5"/>e<span class="_ _5"/>d th<span class="_ _5"/>e pr<span class="_ _5"/>ese<span class="_ _5"/>nt<span class="_ _5"/>a<span class="_ _5"/>ti<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of co<span class="_ _5"/>st f<span class="_ _5"/>or h<span class="_ _5"/>ou<span class="_ _5"/>rl<span class="_ _5"/>y wo<span class="_ _5"/>rke<span class="_ _5"/>r<span class="_ _5"/>s rel<span class="_ _5"/>at<span class="_ _5"/>ed to p<span class="_ _5"/>ro<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be i<span class="_ _5"/>nc<span class="_ _5"/>lu<span class="_ _5"/>de<span class="_ _5"/>d un<span class="_ _5"/>de<span class="_ _5"/>r cos<span class="_ _5"/>t o<span class="_ _5"/>f sa<span class="_ _5"/>le<span class="_ _5"/>s pre<span class="_ _5"/>vi<span class="_ _5"/>ou<span class="_ _5"/>sl<span class="_ _5"/>y co<span class="_ _5"/>st w<span class="_ _5"/>as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>clu<span class="_ _5"/>d<span class="_ _5"/>e in s<span class="_ _5"/>ta<span class="_ _5"/>f<span class="_ _5"/>f co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The change<span class="_ _0"/> relates t<span class="_ _0"/>o the hourly w<span class="_ _0"/>orkers at the<span class="_ _0"/> facto<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ri<span class="_ _5"/>es in E<span class="_ _5"/>s<span class="_ _5"/>bj<span class="_ _5"/>erg a<span class="_ _5"/>nd S<span class="_ _5"/>we<span class="_ _5"/>de<span class="_ _5"/>n.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A<span class="_ _5"/>s a res<span class="_ _5"/>ul<span class="_ _5"/>t<span class="_ _5"/>, th<span class="_ _5"/>e co<span class="_ _5"/>st o<span class="_ _5"/>f sa<span class="_ _5"/>le<span class="_ _5"/>s in<span class="_ _5"/>cre<span class="_ _5"/>as<span class="_ _5"/>ed w<span class="_ _5"/>i<span class="_ _5"/>th D<span class="_ _5"/>K<span class="_ _5"/>K 57 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mi<span class="_ _5"/>ll<span class="_ _5"/>ion (<span class="_ _5"/>2024: DK<span class="_ _5"/>K 33 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on) f<span class="_ _5"/>ro<span class="_ _5"/>m DK<span class="_ _5"/>K 2,<span class="_ _5"/>412 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to DK<span class="_ _5"/>K 2,<span class="_ _5"/>46<span class="_ _5"/>9 mi<span class="_ _5"/>ll<span class="_ _5"/>ion (<span class="_ _5"/>2024: DK<span class="_ _5"/>K 1<span class="_ _5"/>,789 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on to D<span class="_ _5"/>K<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1,<span class="_ _5"/>82<span class="_ _5"/>2 mi<span class="_ _5"/>lli<span class="_ _5"/>on) a<span class="_ _5"/>nd t<span class="_ _5"/>h<span class="_ _5"/>e st<span class="_ _5"/>a<span class="_ _5"/>f<span class="_ _5"/>f cos<span class="_ _5"/>t d<span class="_ _5"/>ec<span class="_ _5"/>re<span class="_ _5"/>ase<span class="_ _5"/>d f<span class="_ _5"/>rom D<span class="_ _5"/>K<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">359 m<span class="_ _5"/>ill<span class="_ _5"/>io<span class="_ _5"/>n to D<span class="_ _5"/>KK 3<span class="_ _5"/>03 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on (<span class="_ _5"/>2024: DKK 2<span class="_ _5"/>98 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to DK<span class="_ _5"/>K 265 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on)<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The change<span class="_ _0"/> reflect<span class="_ _5"/>s Management’s assessment<span class="_ _0"/> that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e in<span class="_ _5"/>cl<span class="_ _5"/>us<span class="_ _5"/>io<span class="_ _5"/>n un<span class="_ _5"/>de<span class="_ _5"/>r cos<span class="_ _5"/>t of s<span class="_ _5"/>al<span class="_ _5"/>es r<span class="_ _5"/>ef<span class="_ _5"/>l<span class="_ _5"/>ec<span class="_ _5"/>t b<span class="_ _5"/>es<span class="_ _5"/>t t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">underlying production acti<span class="_ _5"/>vities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Co<span class="_ _5"/>mp<span class="_ _5"/>ar<span class="_ _5"/>at<span class="_ _5"/>i<span class="_ _5"/>ve f<span class="_ _5"/>i<span class="_ _5"/>gur<span class="_ _5"/>es h<span class="_ _5"/>ave b<span class="_ _5"/>ee<span class="_ _5"/>n re<span class="_ _5"/>st<span class="_ _5"/>at<span class="_ _5"/>ed f<span class="_ _5"/>or 2025 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and 20<span class="_ _0"/>2<span class="_ _0"/>4 ac<span class="_ _0"/>cordingly to<span class="_ _0"/> ensure consistency and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comparability, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EB<span class="_ _5"/>IT<span class="_ _5"/>DA<span class="_ _5"/>, n<span class="_ _5"/>et p<span class="_ _5"/>rof<span class="_ _5"/>i<span class="_ _5"/>t an<span class="_ _5"/>d ea<span class="_ _5"/>rn<span class="_ _5"/>in<span class="_ _5"/>gs p<span class="_ _5"/>e<span class="_ _5"/>r sh<span class="_ _5"/>are a<span class="_ _5"/>re no<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impacted by the<span class="_ _0"/> change in presentation. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis of preparation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e An<span class="_ _5"/>nu<span class="_ _5"/>al re<span class="_ _5"/>p<span class="_ _5"/>or<span class="_ _5"/>t f<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d 1 Ja<span class="_ _5"/>na<span class="_ _5"/>ur<span class="_ _3"/>y - 31 D<span class="_ _5"/>e<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cem<span class="_ _5"/>be<span class="_ _5"/>r 2025 wi<span class="_ _5"/>t<span class="_ _5"/>h com<span class="_ _5"/>pa<span class="_ _5"/>ra<span class="_ _5"/>t<span class="_ _5"/>iv<span class="_ _5"/>e f<span class="_ _5"/>ig<span class="_ _5"/>ure<span class="_ _5"/>s co<span class="_ _5"/>mp<span class="_ _5"/>ri<span class="_ _5"/>se t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated financial statements of<span class="_ _0"/> HusCompagniet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A<span class="_ _5"/>/S (the parent<span class="_ _0"/> company) and<span class="_ _0"/> its subsidiaries (the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements of the Group<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ha<span class="_ _5"/>s be<span class="_ _5"/>en p<span class="_ _5"/>re<span class="_ _5"/>pa<span class="_ _5"/>red o<span class="_ _5"/>n a go<span class="_ _5"/>in<span class="_ _5"/>g co<span class="_ _5"/>nce<span class="_ _5"/>rn b<span class="_ _5"/>as<span class="_ _5"/>is a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in acc<span class="_ _0"/>ordance with IFRS®<span class="_ _0"/> Accounting Standards<span class="_ _0"/> as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ad<span class="_ _5"/>op<span class="_ _5"/>ted b<span class="_ _5"/>y th<span class="_ _5"/>e EU a<span class="_ _5"/>nd a<span class="_ _5"/>dd<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>al re<span class="_ _5"/>qu<span class="_ _5"/>ir<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Danish Financial<span class="_ _0"/> Statements Act applying to class<span class="_ _0"/> D </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">companies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements have been<span class="_ _0"/> pre<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pa<span class="_ _5"/>red o<span class="_ _5"/>n a hi<span class="_ _5"/>s<span class="_ _5"/>tor<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>l cos<span class="_ _5"/>t ba<span class="_ _5"/>si<span class="_ _5"/>s<span class="_ _5"/>, exce<span class="_ _5"/>pt w<span class="_ _5"/>he<span class="_ _5"/>n no<span class="_ _5"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other<span class="_ _5"/>wise in the<span class="_ _0"/> various acc<span class="_ _0"/>ounting policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These c<span class="_ _0"/>onsolidated financial statements are e<span class="_ _0"/>x<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _5"/>ss<span class="_ _5"/>ed i<span class="_ _5"/>n D<span class="_ _5"/>KK<span class="_ _5"/>, a<span class="_ _5"/>s it i<span class="_ _5"/>s Hu<span class="_ _5"/>sC<span class="_ _5"/>o<span class="_ _5"/>mp<span class="_ _5"/>ag<span class="_ _5"/>nie<span class="_ _5"/>t A<span class="_ _3"/>/S’ f<span class="_ _5"/>un<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">al and<span class="_ _0"/> presentation currency<span class="_ _0"/>. All values<span class="_ _0"/> are rounded<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to t<span class="_ _5"/>he ne<span class="_ _5"/>ar<span class="_ _5"/>es<span class="_ _5"/>t D<span class="_ _5"/>KK‘<span class="_ _5"/>0<span class="_ _5"/>00.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Applying materialit<span class="_ _5"/>y</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The financial statements are<span class="_ _0"/> a result o<span class="_ _0"/>f processing<span class="_ _0"/> a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">large number<span class="_ _0"/> of transactions and aggr<span class="_ _0"/>egating those </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transac<span class="_ _5"/>tions into<span class="_ _0"/> classes according<span class="_ _0"/> to their<span class="_ _0"/> nature.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When aggregated,<span class="_ _0"/> the transac<span class="_ _5"/>tions are<span class="_ _0"/> presented in<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">classes of<span class="_ _0"/> similar items<span class="_ _0"/> in the financial statements. If </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a line<span class="_ _0"/> item is not<span class="_ _0"/> individually material, it<span class="_ _0"/> is aggregated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with other items<span class="_ _0"/> of similar n<span class="_ _0"/>ature in<span class="_ _0"/> the financial state<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt<span class="_ _5"/>s o<span class="_ _5"/>r in t<span class="_ _5"/>he n<span class="_ _5"/>ote<span class="_ _5"/>s. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">There ar<span class="_ _0"/>e substantial disclouse requirements </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">throughout IFRS. Management pro<span class="_ _0"/>vides specific </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosures r<span class="_ _0"/>equired by<span class="_ _0"/> IFRS unless the inf<span class="_ _0"/>ormation is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considered<span class="_ _0"/> immaterial<span class="_ _0"/> to the<span class="_ _0"/> economic decision-mak<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g of t<span class="_ _5"/>he u<span class="_ _5"/>se<span class="_ _5"/>rs o<span class="_ _5"/>f th<span class="_ _5"/>e f<span class="_ _5"/>i<span class="_ _5"/>nac<span class="_ _5"/>ia<span class="_ _5"/>l s<span class="_ _5"/>ta<span class="_ _5"/>tem<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s o<span class="_ _5"/>r not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">applicable.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis of c<span class="_ _0"/>onsolidation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements comprise the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">parent c<span class="_ _0"/>ompany<span class="_ _0"/>, HusCompagniet A/S, and entities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>t<span class="_ _5"/>rol<span class="_ _5"/>le<span class="_ _5"/>d by H<span class="_ _5"/>us<span class="_ _5"/>Co<span class="_ _5"/>mp<span class="_ _5"/>ag<span class="_ _5"/>ni<span class="_ _5"/>et A<span class="_ _3"/>/S<span class="_ _5"/>. C<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ol ex<span class="_ _5"/>i<span class="_ _5"/>st<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">when HusCompagniet A/S holds or has<span class="_ _0"/> the ability,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">di<span class="_ _5"/>rec<span class="_ _3"/>tl<span class="_ _5"/>y or i<span class="_ _5"/>nd<span class="_ _5"/>ir<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>l<span class="_ _5"/>y, to exerc<span class="_ _5"/>is<span class="_ _5"/>e mo<span class="_ _5"/>re t<span class="_ _5"/>ha<span class="_ _5"/>n 50<span class="_ _5"/>% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of t<span class="_ _5"/>he vo<span class="_ _5"/>ti<span class="_ _5"/>ng r<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _3"/>s or ot<span class="_ _5"/>h<span class="_ _5"/>er<span class="_ _5"/>w<span class="_ _5"/>i<span class="_ _5"/>se ha<span class="_ _5"/>s co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>l of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiary in question. The financial statements of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiaries are<span class="_ _0"/> included in<span class="_ _0"/> the consolidated<span class="_ _0"/> f<span class="_ _5"/>inancial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements from the<span class="_ _0"/> date on<span class="_ _0"/> which control<span class="_ _0"/> commenc<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es u<span class="_ _5"/>nt<span class="_ _5"/>il t<span class="_ _5"/>he d<span class="_ _5"/>at<span class="_ _5"/>e on w<span class="_ _5"/>hi<span class="_ _5"/>ch co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>l ce<span class="_ _5"/>as<span class="_ _5"/>es<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The financial statements of the<span class="_ _0"/> subsidiaries are<span class="_ _0"/> pre<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pared for<span class="_ _0"/> the same financial r<span class="_ _0"/>epor<span class="_ _5"/>ting period as that<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of HusCompagniet A/S using c<span class="_ _0"/>onsistent accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On consolidation, intragroup<span class="_ _0"/> balances and<span class="_ _0"/> intragroup </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transac<span class="_ _5"/>tions are<span class="_ _0"/> eliminated in<span class="_ _0"/> full.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These c<span class="_ _0"/>onsolidated financial statements comprises </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial statements of HusCompagniet A/S and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">its subsidiar<span class="_ _5"/>y companies,<span class="_ _0"/> which are<span class="_ _0"/> listed in not<span class="_ _0"/>e 6.6.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign currency translation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>ransactions and balances</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign currency transactions are initially<span class="_ _0"/> recorded </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by the<span class="_ _0"/> Group entities at their<span class="_ _0"/> respect<span class="_ _5"/>ive functional </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currency rates<span class="_ _0"/> at the<span class="_ _0"/> date of<span class="_ _0"/> the transaction.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Monetar<span class="_ _5"/>y assets and liabilities denominat<span class="_ _0"/>ed in f<span class="_ _0"/>oreign </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currencies<span class="_ _0"/> are translated at<span class="_ _0"/> the functional currency </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">spot rate<span class="_ _0"/> of e<span class="_ _0"/>xchange<span class="_ _0"/> at the re<span class="_ _0"/>por<span class="_ _5"/>ting date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All differences are<span class="_ _0"/> recognised in<span class="_ _0"/> the income<span class="_ _0"/> state<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment under financial it<span class="_ _0"/>ems. Non-<span class="_ _5"/>monetar<span class="_ _5"/>y items that<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d in te<span class="_ _5"/>rm<span class="_ _5"/>s of h<span class="_ _5"/>is<span class="_ _5"/>to<span class="_ _5"/>ri<span class="_ _5"/>ca<span class="_ _5"/>l cos<span class="_ _5"/>t i<span class="_ _5"/>n a fo<span class="_ _5"/>rei<span class="_ _5"/>gn </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currency are<span class="_ _0"/> translated using the e<span class="_ _0"/>xchange rat<span class="_ _0"/>es at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the dates<span class="_ _0"/> of the initial<span class="_ _0"/> transac<span class="_ _5"/>tions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group companies<span class="_ _0"/><span class="fc1 ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On consolidation, the<span class="_ _0"/> assets and liabilities of<span class="_ _0"/> foreign </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns a<span class="_ _5"/>re t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>la<span class="_ _5"/>te<span class="_ _5"/>d in<span class="_ _5"/>to D<span class="_ _5"/>KK a<span class="_ _5"/>t th<span class="_ _5"/>e sp<span class="_ _5"/>ot r<span class="_ _5"/>at<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of e<span class="_ _0"/>xchange at<span class="_ _0"/> the reporting date<span class="_ _0"/> and their<span class="_ _0"/> income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">st<span class="_ _5"/>a<span class="_ _5"/>tem<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s ar<span class="_ _5"/>e tr<span class="_ _5"/>an<span class="_ _5"/>sl<span class="_ _5"/>at<span class="_ _5"/>ed a<span class="_ _5"/>t th<span class="_ _5"/>e sp<span class="_ _5"/>ot ex<span class="_ _5"/>cha<span class="_ _5"/>ng<span class="_ _5"/>e r<span class="_ _5"/>ate<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the<span class="_ _0"/> dates of<span class="_ _0"/> the transactions. An average<span class="_ _0"/> exch<span class="_ _0"/>ange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ra<span class="_ _5"/>te fo<span class="_ _5"/>r ea<span class="_ _5"/>ch m<span class="_ _5"/>on<span class="_ _5"/>th i<span class="_ _5"/>s us<span class="_ _5"/>ed a<span class="_ _5"/>s t<span class="_ _5"/>he exc<span class="_ _5"/>ha<span class="_ _5"/>ng<span class="_ _5"/>e ra<span class="_ _5"/>te </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at t<span class="_ _5"/>he t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>ac<span class="_ _3"/>ti<span class="_ _5"/>on d<span class="_ _5"/>ate t<span class="_ _5"/>o th<span class="_ _5"/>e ex<span class="_ _5"/>t<span class="_ _5"/>en<span class="_ _5"/>t th<span class="_ _5"/>at t<span class="_ _5"/>hi<span class="_ _5"/>s do<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not g<span class="_ _5"/>i<span class="_ _5"/>ve a si<span class="_ _5"/>gn<span class="_ _5"/>if<span class="_ _3"/>ica<span class="_ _5"/>n<span class="_ _5"/>tl<span class="_ _5"/>y di<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>ere<span class="_ _5"/>nt v<span class="_ _5"/>i<span class="_ _5"/>ew. Ex<span class="_ _5"/>cha<span class="_ _5"/>ng<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">differences arising<span class="_ _0"/> on translation f<span class="_ _0"/>or consolidation<span class="_ _0"/> are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in<span class="_ _0"/> other comprehensive<span class="_ _0"/> income.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">An<span class="_ _5"/>y go<span class="_ _5"/>od<span class="_ _5"/>w<span class="_ _5"/>ill a<span class="_ _5"/>ri<span class="_ _5"/>si<span class="_ _5"/>ng o<span class="_ _5"/>n t<span class="_ _5"/>he a<span class="_ _5"/>cqu<span class="_ _5"/>is<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>on of a f<span class="_ _5"/>or<span class="_ _5"/>ei<span class="_ _5"/>gn </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n an<span class="_ _5"/>d an<span class="_ _5"/>y fa<span class="_ _5"/>ir v<span class="_ _5"/>al<span class="_ _5"/>ue a<span class="_ _5"/>dj<span class="_ _5"/>us<span class="_ _5"/>t<span class="_ _5"/>me<span class="_ _5"/>nt<span class="_ _5"/>s t<span class="_ _5"/>o th<span class="_ _5"/>e ca<span class="_ _5"/>r-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">r<span class="_ _5"/>ying amounts of assets and<span class="_ _0"/> liabilities arising on<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acq<span class="_ _5"/>ui<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n are t<span class="_ _5"/>re<span class="_ _5"/>ate<span class="_ _5"/>d a<span class="_ _5"/>s as<span class="_ _5"/>set<span class="_ _5"/>s a<span class="_ _5"/>n<span class="_ _5"/>d lia<span class="_ _5"/>bi<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreign<span class="_ _0"/> operations and ar<span class="_ _0"/>e translated<span class="_ _0"/> at the closing<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rate o<span class="_ _0"/>f ex<span class="_ _0"/>change.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Implementation of ne<span class="_ _0"/>w or amended<span class="_ _0"/> <span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">standards and int<span class="_ _0"/>erpretations</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acc<span class="_ _0"/>ounting policies adopted<span class="_ _0"/> in the preparation<span class="_ _0"/> of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the consolidated<span class="_ _0"/> financial statements are consistent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with those applied in<span class="_ _0"/> the preparation of<span class="_ _0"/> the Group’<span class="_ _0"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated annual<span class="_ _0"/> financial statements for the y<span class="_ _0"/>ear </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">en<span class="_ _5"/>de<span class="_ _5"/>d 31 D<span class="_ _5"/>ec<span class="_ _5"/>em<span class="_ _5"/>be<span class="_ _5"/>r 2024, exce<span class="_ _5"/>pt fo<span class="_ _5"/>r t<span class="_ _5"/>he a<span class="_ _5"/>do<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">new s<span class="_ _5"/>t<span class="_ _5"/>an<span class="_ _5"/>da<span class="_ _5"/>rd<span class="_ _5"/>s ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>ve a<span class="_ _5"/>t 1 Jan<span class="_ _5"/>ua<span class="_ _5"/>r<span class="_ _5"/>y 2025<span class="_ _5"/>. Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has not<span class="_ _0"/> early adopted<span class="_ _0"/> any standard,<span class="_ _0"/> interpretation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or a<span class="_ _5"/>me<span class="_ _5"/>nd<span class="_ _5"/>me<span class="_ _5"/>nt t<span class="_ _5"/>ha<span class="_ _5"/>t ha<span class="_ _5"/>s be<span class="_ _5"/>en i<span class="_ _5"/>s<span class="_ _5"/>sue<span class="_ _5"/>d b<span class="_ _5"/>ut i<span class="_ _5"/>s no<span class="_ _5"/>t yet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>ve. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has adopted<span class="_ _0"/> relevant<span class="_ _0"/> new or<span class="_ _0"/> amended </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">standards (IFRS) and<span class="_ _0"/> interpretations (IFRIC) as<span class="_ _0"/> adopt<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed by t<span class="_ _5"/>h<span class="_ _5"/>e EU w<span class="_ _5"/>hi<span class="_ _5"/>ch ar<span class="_ _5"/>e ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>ve fo<span class="_ _5"/>r t<span class="_ _5"/>he f<span class="_ _5"/>i<span class="_ _5"/>na<span class="_ _5"/>nci<span class="_ _5"/>al y<span class="_ _5"/>ea<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">en<span class="_ _5"/>de<span class="_ _5"/>d at 3<span class="_ _5"/>1 De<span class="_ _5"/>ce<span class="_ _5"/>mb<span class="_ _5"/>er 2025<span class="_ _5"/>. Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s as<span class="_ _5"/>se<span class="_ _5"/>ss<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">that the new<span class="_ _0"/> or amended standards and<span class="_ _0"/> interpreta<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tions have<span class="_ _0"/> not had<span class="_ _0"/> any material<span class="_ _0"/> impact on the Group<span class="_ _0"/>’s<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>nu<span class="_ _5"/>al re<span class="_ _5"/>po<span class="_ _5"/>r<span class="_ _5"/>t f<span class="_ _5"/>or 2025. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> expec<span class="_ _5"/>ts to implement the<span class="_ _0"/> new standards </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wh<span class="_ _5"/>en t<span class="_ _5"/>he<span class="_ _5"/>y be<span class="_ _5"/>com<span class="_ _5"/>e ef<span class="_ _3"/>fec<span class="_ _3"/>ti<span class="_ _5"/>ve. I<span class="_ _5"/>t h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n as<span class="_ _5"/>se<span class="_ _5"/>ss<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">that the implementation of<span class="_ _0"/> the new<span class="_ _0"/> standards will not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hav<span class="_ _5"/>e any s<span class="_ _5"/>ig<span class="_ _5"/>ni<span class="_ _5"/>f<span class="_ _5"/>ic<span class="_ _5"/>an<span class="_ _5"/>t ef<span class="_ _3"/>fec<span class="_ _3"/>t on re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>it<span class="_ _5"/>io<span class="_ _5"/>n or m<span class="_ _5"/>ea<span class="_ _5"/>s<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">urement.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Furthermo<span class="_ _5"/>re,<span class="_ _0"/> new or<span class="_ _0"/> amended IFRS Acc<span class="_ _0"/>ounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Standards and<span class="_ _0"/> interpretations issued<span class="_ _0"/> by the<span class="_ _0"/> IASB </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>at h<span class="_ _5"/>ave n<span class="_ _5"/>ot ye<span class="_ _5"/>t be<span class="_ _5"/>co<span class="_ _5"/>me e<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>ive a<span class="_ _5"/>re g<span class="_ _5"/>en<span class="_ _5"/>er<span class="_ _5"/>al<span class="_ _5"/>ly </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not a<span class="_ _5"/>d<span class="_ _5"/>op<span class="_ _5"/>ted u<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>l th<span class="_ _5"/>ey b<span class="_ _5"/>eco<span class="_ _5"/>me e<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>iv<span class="_ _5"/>e an<span class="_ _5"/>d are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">endorsed by the<span class="_ _0"/> EU. Management<span class="_ _0"/> does not anticipat<span class="_ _0"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">any significant impact on the c<span class="_ _0"/>onsolidated financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements in the period of<span class="_ _0"/> initial application from<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adoption of<span class="_ _0"/> these new<span class="_ _0"/> standards and amendments, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ap<span class="_ _5"/>ar<span class="_ _5"/>t f<span class="_ _5"/>ro<span class="_ _5"/>m I<span class="_ _5"/>FRS 1<span class="_ _5"/>8 ‘<span class="_ _5"/>Pre<span class="_ _5"/>se<span class="_ _5"/>nt<span class="_ _5"/>a<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>nd D<span class="_ _5"/>is<span class="_ _5"/>cl<span class="_ _5"/>os<span class="_ _5"/>ure i<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial Statements’<span class="_ _0"/> which replaces<span class="_ _0"/> IAS 1 effect<span class="_ _5"/>ive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fro<span class="_ _5"/>m 1 Ja<span class="_ _5"/>nu<span class="_ _5"/>ar<span class="_ _3"/>y 2027<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">IF<span class="_ _5"/>RS 1<span class="_ _5"/>8 Pre<span class="_ _5"/>se<span class="_ _5"/>nta<span class="_ _5"/>ti<span class="_ _5"/>on an<span class="_ _5"/>d Di<span class="_ _5"/>scl<span class="_ _5"/>osu<span class="_ _5"/>re in F<span class="_ _5"/>ina<span class="_ _5"/>nci<span class="_ _5"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Statements</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">IF<span class="_ _5"/>RS 1<span class="_ _5"/>8<span class="_ _5"/>, wh<span class="_ _5"/>ic<span class="_ _5"/>h rep<span class="_ _5"/>la<span class="_ _5"/>ce<span class="_ _5"/>s IA<span class="_ _5"/>S 1 P<span class="_ _5"/>res<span class="_ _5"/>en<span class="_ _5"/>ta<span class="_ _5"/>t<span class="_ _5"/>ion o<span class="_ _5"/>f Fi<span class="_ _5"/>na<span class="_ _5"/>nc<span class="_ _5"/>ia<span class="_ _5"/>l </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Statements, introduces new<span class="_ _0"/> presentation require<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt<span class="_ _5"/>s re<span class="_ _5"/>la<span class="_ _5"/>te<span class="_ _5"/>d to t<span class="_ _5"/>he s<span class="_ _5"/>t<span class="_ _5"/>ate<span class="_ _5"/>me<span class="_ _5"/>nt o<span class="_ _5"/>f pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t or l<span class="_ _5"/>os<span class="_ _5"/>s, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">including ne<span class="_ _0"/>w categories<span class="_ _0"/> of inc<span class="_ _0"/>ome and e<span class="_ _0"/>xpenses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(i.e.,<span class="_ _0"/> operating, f<span class="_ _5"/>inancing, inv<span class="_ _0"/>esting). IFRS 18 r<span class="_ _0"/>equires </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosure o<span class="_ _0"/>f management-def<span class="_ _5"/>ined performance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measures and<span class="_ _0"/> includes new<span class="_ _0"/> requirements for the<span class="_ _0"/> ag<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gregation and<span class="_ _0"/> disaggregation of<span class="_ _0"/> financial information.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In a<span class="_ _5"/>dd<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on<span class="_ _5"/>, am<span class="_ _5"/>en<span class="_ _5"/>dm<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s hav<span class="_ _5"/>e be<span class="_ _5"/>en m<span class="_ _5"/>ad<span class="_ _5"/>e to I<span class="_ _5"/>A<span class="_ _5"/>S 7 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">St<span class="_ _5"/>ate<span class="_ _5"/>me<span class="_ _5"/>nt o<span class="_ _5"/>f C<span class="_ _5"/>as<span class="_ _5"/>h Flo<span class="_ _5"/>ws<span class="_ _5"/>, to c<span class="_ _5"/>ha<span class="_ _5"/>ng<span class="_ _5"/>e th<span class="_ _5"/>e s<span class="_ _5"/>ta<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>in<span class="_ _5"/>g po<span class="_ _5"/>in<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for det<span class="_ _0"/>ermining cash<span class="_ _0"/> flows from operations under<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">indirect method and to<span class="_ _0"/> remove<span class="_ _0"/> the optionality around </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">classification of cash<span class="_ _0"/> flows from dividends and<span class="_ _0"/> inter<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es<span class="_ _5"/>t<span class="_ _5"/>. Th<span class="_ _5"/>e ad<span class="_ _5"/>op<span class="_ _5"/>t<span class="_ _5"/>ion o<span class="_ _5"/>f th<span class="_ _5"/>e s<span class="_ _5"/>ta<span class="_ _5"/>nd<span class="_ _5"/>ar<span class="_ _5"/>d is n<span class="_ _5"/>ot ex<span class="_ _5"/>p<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>ed to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">result in<span class="_ _0"/> changes to<span class="_ _0"/> the Group's<span class="_ _0"/> existing accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">po<span class="_ _5"/>li<span class="_ _5"/>cie<span class="_ _5"/>s an<span class="_ _5"/>d i<span class="_ _5"/>s not e<span class="_ _5"/>xp<span class="_ _5"/>ec<span class="_ _3"/>ted t<span class="_ _5"/>o af<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _5"/>t n<span class="_ _5"/>et p<span class="_ _5"/>rof<span class="_ _3"/>it<span class="_ _5"/>s<span class="_ _5"/>. Ho<span class="_ _5"/>w<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eve<span class="_ _5"/>r, the in<span class="_ _5"/>t<span class="_ _5"/>rod<span class="_ _5"/>uc<span class="_ _3"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f new c<span class="_ _5"/>at<span class="_ _5"/>eg<span class="_ _5"/>or<span class="_ _5"/>ie<span class="_ _5"/>s to t<span class="_ _5"/>he s<span class="_ _5"/>t<span class="_ _5"/>ate<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt o<span class="_ _5"/>f pro<span class="_ _5"/>f<span class="_ _5"/>it o<span class="_ _5"/>r l<span class="_ _5"/>os<span class="_ _5"/>s is ex<span class="_ _5"/>p<span class="_ _5"/>ec<span class="_ _5"/>te<span class="_ _5"/>d to r<span class="_ _5"/>eq<span class="_ _5"/>ui<span class="_ _5"/>re re<span class="_ _5"/>cl<span class="_ _5"/>as<span class="_ _5"/>si<span class="_ _5"/>f<span class="_ _5"/>i<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f cer<span class="_ _3"/>ta<span class="_ _5"/>in a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>s in t<span class="_ _5"/>he s<span class="_ _5"/>t<span class="_ _5"/>ate<span class="_ _5"/>me<span class="_ _5"/>n<span class="_ _5"/>t of pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loss and r<span class="_ _0"/>edefinit<span class="_ _5"/>ion of<span class="_ _0"/> key<span class="_ _0"/> financial measures.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _5"/>8<span class="_ _5"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _5c"> </span>Ac<span class="_ _5"/>counting<span class="_ _5"/> p<span class="_ _5"/>olicies<span class="_ _5"/> related to <span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EBI<span class="_ _5"/>T<span class="_ _5"/>DA<span class="_ _5"/> n<span class="_ _5"/>o<span class="_ _5"/>tes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reven<span class="_ _0"/>ue</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reve<span class="_ _0"/>nue comprises<span class="_ _0"/> completed<span class="_ _0"/> construc<span class="_ _5"/>tion contracts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and construction contract<span class="_ _5"/>s in<span class="_ _0"/> progress (<span class="_ _0"/>contracted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sa<span class="_ _5"/>le<span class="_ _5"/>s), s<span class="_ _5"/>al<span class="_ _5"/>e of la<span class="_ _5"/>nd p<span class="_ _5"/>lo<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d sh<span class="_ _5"/>ow h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s, a<span class="_ _5"/>nd s<span class="_ _5"/>al<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of show<span class="_ _0"/> houses (<span class="_ _0"/>non-<span class="_ _5"/>contrac<span class="_ _5"/>ted sales).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">It i<span class="_ _5"/>s co<span class="_ _5"/>ns<span class="_ _5"/>id<span class="_ _5"/>ere<span class="_ _5"/>d ap<span class="_ _5"/>p<span class="_ _5"/>rop<span class="_ _5"/>ri<span class="_ _5"/>at<span class="_ _5"/>e to re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se t<span class="_ _5"/>he s<span class="_ _5"/>al<span class="_ _5"/>e of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">propert<span class="_ _5"/>ies through<span class="_ _0"/> divestment of companies<span class="_ _0"/> in ac<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cor<span class="_ _5"/>da<span class="_ _5"/>nce w<span class="_ _5"/>i<span class="_ _5"/>th I<span class="_ _5"/>F<span class="_ _5"/>RS 15 a<span class="_ _5"/>nd n<span class="_ _5"/>ot a<span class="_ _5"/>s di<span class="_ _5"/>ve<span class="_ _5"/>s<span class="_ _5"/>ted c<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>nie<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">un<span class="_ _5"/>de<span class="_ _5"/>r IF<span class="_ _5"/>RS 1<span class="_ _5"/>0 as i<span class="_ _5"/>t i<span class="_ _5"/>s an a<span class="_ _5"/>ss<span class="_ _5"/>et t<span class="_ _5"/>ha<span class="_ _5"/>t is b<span class="_ _5"/>ei<span class="_ _5"/>ng d<span class="_ _5"/>i<span class="_ _5"/>ves<span class="_ _5"/>te<span class="_ _5"/>d, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not a c<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny w<span class="_ _5"/>it<span class="_ _5"/>h a bu<span class="_ _5"/>si<span class="_ _5"/>ne<span class="_ _5"/>ss<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>ted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>ted sales<span class="_ _0"/> are recognised<span class="_ _0"/> over<span class="_ _0"/> time accord<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ing to<span class="_ _0"/> the perc<span class="_ _0"/>entage<span class="_ _5"/>-of-<span class="_ _5"/>completion method bas<span class="_ _0"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on estimated<span class="_ _0"/> construc<span class="_ _5"/>tion time,<span class="_ _0"/> as all performance<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obligations are<span class="_ _0"/> fulfilled on an ongo<span class="_ _0"/>ing basis thr<span class="_ _0"/>ough<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">out the c<span class="_ _0"/>onstruc<span class="_ _5"/>tion period. The<span class="_ _0"/> contracted sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract<span class="_ _5"/>s are<span class="_ _0"/> considered<span class="_ _0"/> to c<span class="_ _0"/>omprise only one<span class="_ _0"/> perfor<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mance obligation, as<span class="_ _0"/> all components are<span class="_ _0"/> considered </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>ter<span class="_ _5"/>re<span class="_ _5"/>la<span class="_ _5"/>ted<span class="_ _5"/>, an<span class="_ _5"/>d an<span class="_ _5"/>y ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s to t<span class="_ _5"/>he sc<span class="_ _5"/>op<span class="_ _5"/>e of a co<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tr<span class="_ _5"/>ac<span class="_ _3"/>t wi<span class="_ _5"/>ll t<span class="_ _5"/>he<span class="_ _5"/>ref<span class="_ _5"/>ore b<span class="_ _5"/>e re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed a<span class="_ _5"/>s ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s to th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">original contract and not<span class="_ _0"/> as a s<span class="_ _0"/>eparate performance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obligation. The Group<span class="_ _0"/> is primarily responsible f<span class="_ _0"/>or the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fulfilmen<span class="_ _5"/>t of<span class="_ _0"/> the performance obligation and carries<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the risks r<span class="_ _0"/>elated to<span class="_ _0"/> the construction and is<span class="_ _0"/> therefore<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considered t<span class="_ _0"/>o act as the<span class="_ _0"/> principal.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e con<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t<span class="_ _5"/>s are n<span class="_ _5"/>ot a<span class="_ _5"/>ss<span class="_ _5"/>es<span class="_ _5"/>se<span class="_ _5"/>d to h<span class="_ _5"/>ave a si<span class="_ _5"/>gn<span class="_ _5"/>if<span class="_ _3"/>ic<span class="_ _5"/>an<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financing component. The time value<span class="_ _0"/> of the<span class="_ _0"/> transac<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on p<span class="_ _5"/>ri<span class="_ _5"/>ce fo<span class="_ _5"/>r co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s w<span class="_ _5"/>it<span class="_ _5"/>h a du<span class="_ _5"/>r<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n th<span class="_ _5"/>at ex<span class="_ _5"/>cee<span class="_ _5"/>ds </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">12 months, and<span class="_ _0"/> limited on-account payments, is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>ss<span class="_ _5"/>ed to b<span class="_ _5"/>e in<span class="_ _5"/>si<span class="_ _5"/>gn<span class="_ _5"/>if<span class="_ _3"/>ica<span class="_ _5"/>n<span class="_ _5"/>t, a<span class="_ _5"/>s t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up d<span class="_ _5"/>oe<span class="_ _5"/>s no<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>su<span class="_ _5"/>me t<span class="_ _5"/>he m<span class="_ _5"/>ai<span class="_ _5"/>n pa<span class="_ _5"/>r<span class="_ _5"/>t of t<span class="_ _5"/>h<span class="_ _5"/>e cos<span class="_ _5"/>t<span class="_ _5"/>s u<span class="_ _5"/>nt<span class="_ _5"/>il t<span class="_ _5"/>h<span class="_ _5"/>e en<span class="_ _5"/>d of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the c<span class="_ _0"/>ontrac<span class="_ _5"/>t phas<span class="_ _0"/>e.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>ere<span class="_ _5"/>fo<span class="_ _5"/>re, an a<span class="_ _5"/>d<span class="_ _5"/>ju<span class="_ _5"/>st<span class="_ _5"/>m<span class="_ _5"/>en<span class="_ _5"/>t of t<span class="_ _5"/>he t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>ac<span class="_ _3"/>ti<span class="_ _5"/>on p<span class="_ _5"/>ri<span class="_ _5"/>ce wi<span class="_ _5"/>t<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">regards to<span class="_ _0"/> a financing component<span class="_ _0"/> in the c<span class="_ _0"/>ontrac<span class="_ _5"/>t<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wi<span class="_ _5"/>t<span class="_ _5"/>h cus<span class="_ _5"/>t<span class="_ _5"/>om<span class="_ _5"/>er<span class="_ _5"/>s is n<span class="_ _5"/>ot r<span class="_ _5"/>eq<span class="_ _5"/>ui<span class="_ _5"/>red<span class="_ _5"/>. Pa<span class="_ _5"/>ym<span class="_ _5"/>en<span class="_ _5"/>t i<span class="_ _5"/>s t<span class="_ _5"/>yp<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>ll<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">du<span class="_ _5"/>e at t<span class="_ _5"/>he t<span class="_ _5"/>im<span class="_ _5"/>e of f<span class="_ _5"/>i<span class="_ _5"/>na<span class="_ _5"/>l de<span class="_ _5"/>li<span class="_ _5"/>ve<span class="_ _5"/>r<span class="_ _5"/>y o<span class="_ _5"/>f th<span class="_ _5"/>e con<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>uc<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on<span class="_ _5"/>, ho<span class="_ _5"/>weve<span class="_ _5"/>r a sm<span class="_ _5"/>al<span class="_ _5"/>l de<span class="_ _5"/>po<span class="_ _5"/>si<span class="_ _5"/>t is p<span class="_ _5"/>ai<span class="_ _5"/>d up<span class="_ _5"/>on c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">negotiation. The Group<span class="_ _0"/> receives a<span class="_ _0"/> bank guarantee<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in co<span class="_ _5"/>nn<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>on w<span class="_ _5"/>it<span class="_ _5"/>h t<span class="_ _5"/>he s<span class="_ _5"/>t<span class="_ _5"/>ar<span class="_ _5"/>t<span class="_ _5"/>-<span class="_ _5"/>up of e<span class="_ _5"/>ac<span class="_ _5"/>h co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is entitled to<span class="_ _0"/> payment for<span class="_ _0"/> work performed, including<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit<span class="_ _5"/>, during the<span class="_ _0"/> project<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t m<span class="_ _5"/>od<span class="_ _5"/>if<span class="_ _3"/>ica<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>ns a<span class="_ _5"/>re re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d w<span class="_ _5"/>he<span class="_ _5"/>n th<span class="_ _5"/>ey </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hav<span class="_ _5"/>e be<span class="_ _5"/>en a<span class="_ _5"/>pp<span class="_ _5"/>rov<span class="_ _5"/>ed by a<span class="_ _5"/>ll p<span class="_ _5"/>ar<span class="_ _3"/>ti<span class="_ _5"/>es to t<span class="_ _5"/>h<span class="_ _5"/>e con<span class="_ _5"/>tr<span class="_ _5"/>a<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e tr<span class="_ _5"/>an<span class="_ _5"/>sf<span class="_ _5"/>er o<span class="_ _5"/>f con<span class="_ _5"/>t<span class="_ _5"/>rol a<span class="_ _5"/>nd r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>ni<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f reve<span class="_ _5"/>nu<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are det<span class="_ _0"/>ermined using input methods<span class="_ _0"/> based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">construct<span class="_ _5"/>ion days<span class="_ _0"/> incurred<span class="_ _0"/> relative to<span class="_ _0"/> total estimated<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">construct<span class="_ _5"/>ion time<span class="_ _0"/> for the c<span class="_ _0"/>ontrac<span class="_ _5"/>ts, as these<span class="_ _0"/> methods </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are c<span class="_ _0"/>onsidered to<span class="_ _0"/> best depict the continuous transfer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>l. I<span class="_ _5"/>n al<span class="_ _5"/>l ma<span class="_ _5"/>te<span class="_ _5"/>ri<span class="_ _5"/>al re<span class="_ _5"/>sp<span class="_ _5"/>ec<span class="_ _3"/>t<span class="_ _5"/>s, t<span class="_ _5"/>he m<span class="_ _5"/>et<span class="_ _5"/>ho<span class="_ _5"/>d e<span class="_ _5"/>qu<span class="_ _5"/>al<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the cos<span class="_ _5"/>t-t<span class="_ _5"/>o<span class="_ _5"/>-<span class="_ _5"/>cost m<span class="_ _5"/>etho<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e sel<span class="_ _5"/>li<span class="_ _5"/>ng p<span class="_ _5"/>r<span class="_ _5"/>ice i<span class="_ _5"/>s me<span class="_ _5"/>as<span class="_ _5"/>ure<span class="_ _5"/>d by re<span class="_ _5"/>fe<span class="_ _5"/>ren<span class="_ _5"/>ce to t<span class="_ _5"/>he t<span class="_ _5"/>ot<span class="_ _5"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d inc<span class="_ _5"/>om<span class="_ _5"/>e fr<span class="_ _5"/>om e<span class="_ _5"/>ach c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t an<span class="_ _5"/>d th<span class="_ _5"/>e s<span class="_ _5"/>ta<span class="_ _5"/>ge o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">completion at<span class="_ _0"/> the reporting date.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> expenses incremental c<span class="_ _0"/>ost<span class="_ _5"/>s of<span class="_ _0"/> obtaining a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract<span class="_ _5"/>, as<span class="_ _0"/> the amortisat<span class="_ _5"/>ion period<span class="_ _0"/> of the<span class="_ _0"/> asset that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e en<span class="_ _5"/>ti<span class="_ _5"/>t<span class="_ _5"/>y o<span class="_ _5"/>th<span class="_ _5"/>er<span class="_ _3"/>wi<span class="_ _5"/>se w<span class="_ _5"/>ou<span class="_ _5"/>ld h<span class="_ _5"/>ave re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed i<span class="_ _5"/>s le<span class="_ _5"/>ss </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">than one y<span class="_ _0"/>ear<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Co<span class="_ _5"/>st<span class="_ _3"/>s in co<span class="_ _5"/>nn<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n w<span class="_ _5"/>it<span class="_ _5"/>h sa<span class="_ _5"/>le<span class="_ _5"/>s wo<span class="_ _5"/>rk t<span class="_ _5"/>o se<span class="_ _5"/>cur<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s ar<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s in t<span class="_ _5"/>he i<span class="_ _5"/>nco<span class="_ _5"/>m<span class="_ _5"/>e st<span class="_ _5"/>at<span class="_ _5"/>e<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment in the<span class="_ _0"/> financial year in<span class="_ _0"/> which they<span class="_ _0"/> are incurred.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>contrac<span class="_ _5"/>ted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r no<span class="_ _5"/>n<span class="_ _5"/>-<span class="_ _5"/>co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d sa<span class="_ _5"/>le<span class="_ _5"/>s<span class="_ _5"/>, reve<span class="_ _5"/>nu<span class="_ _5"/>e is r<span class="_ _5"/>eco<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed i<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the income<span class="_ _0"/> statement when the performance obli<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ga<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s fu<span class="_ _5"/>lf<span class="_ _3"/>ill<span class="_ _5"/>e<span class="_ _5"/>d. T<span class="_ _5"/>hi<span class="_ _5"/>s is d<span class="_ _5"/>ef<span class="_ _5"/>i<span class="_ _5"/>ne<span class="_ _5"/>d as t<span class="_ _5"/>he p<span class="_ _5"/>oi<span class="_ _5"/>nt i<span class="_ _5"/>n t<span class="_ _5"/>im<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">when control<span class="_ _0"/> of the<span class="_ _0"/> non-<span class="_ _5"/>contracted construc<span class="_ _5"/>tion (sale<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of la<span class="_ _5"/>nd p<span class="_ _5"/>l<span class="_ _5"/>ot or s<span class="_ _5"/>al<span class="_ _5"/>es o<span class="_ _5"/>f ho<span class="_ _5"/>us<span class="_ _5"/>es co<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ru<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d on o<span class="_ _5"/>wn </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">la<span class="_ _5"/>nd fo<span class="_ _5"/>r w<span class="_ _5"/>hic<span class="_ _5"/>h no c<span class="_ _5"/>us<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n en<span class="_ _5"/>te<span class="_ _5"/>red </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>to be<span class="_ _5"/>fo<span class="_ _5"/>re co<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ru<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>s) i<span class="_ _5"/>s tr<span class="_ _5"/>an<span class="_ _5"/>sf<span class="_ _5"/>er<span class="_ _5"/>re<span class="_ _5"/>d to t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er, the a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of r<span class="_ _5"/>eve<span class="_ _5"/>nu<span class="_ _5"/>e ca<span class="_ _5"/>n be m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>red </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rel<span class="_ _5"/>ia<span class="_ _5"/>bl<span class="_ _5"/>y a<span class="_ _5"/>nd co<span class="_ _5"/>ll<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s pr<span class="_ _5"/>ob<span class="_ _5"/>ab<span class="_ _5"/>le. T<span class="_ _5"/>he t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>f<span class="_ _5"/>er of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>t<span class="_ _5"/>rol t<span class="_ _5"/>o cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er<span class="_ _5"/>s t<span class="_ _5"/>akes p<span class="_ _5"/>l<span class="_ _5"/>ace a<span class="_ _5"/>cco<span class="_ _5"/>rdi<span class="_ _5"/>ng t<span class="_ _5"/>o ag<span class="_ _5"/>re<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">delivery dates. Furthermore,<span class="_ _0"/> revenue<span class="_ _0"/> is only r<span class="_ _0"/>ecog<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">nised when it<span class="_ _0"/> is highly probable<span class="_ _0"/> that a significant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reversal o<span class="_ _0"/>f the re<span class="_ _0"/>venue amount<span class="_ _0"/> will not occ<span class="_ _0"/>ur<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Customisation of<span class="_ _0"/> construction contracts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At c<span class="_ _0"/>ontrac<span class="_ _5"/>t inception, Management assesses<span class="_ _0"/> if the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract<span class="_ _5"/>s involve<span class="_ _0"/> a high degr<span class="_ _0"/>ee of individual custo<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">misation or<span class="_ _0"/> construc<span class="_ _5"/>tion on c<span class="_ _0"/>ustomers' own land<span class="_ _0"/> and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>er<span class="_ _5"/>efo<span class="_ _5"/>re s<span class="_ _5"/>at<span class="_ _5"/>is<span class="_ _5"/>f<span class="_ _5"/>y t<span class="_ _5"/>h<span class="_ _5"/>e cr<span class="_ _5"/>ite<span class="_ _5"/>ri<span class="_ _5"/>a fo<span class="_ _5"/>r re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n over t<span class="_ _5"/>i<span class="_ _5"/>me. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e as<span class="_ _5"/>ses<span class="_ _5"/>s<span class="_ _5"/>me<span class="_ _5"/>nt i<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on a<span class="_ _5"/>n ana<span class="_ _5"/>l<span class="_ _5"/>ys<span class="_ _5"/>is o<span class="_ _5"/>f, am<span class="_ _5"/>on<span class="_ _5"/>g </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other things, the c<span class="_ _0"/>ontrac<span class="_ _5"/>t provisions on<span class="_ _0"/>:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls5 ws4">The degr<span class="_ _0"/>ee of<span class="_ _0"/> customisation, including<span class="_ _0"/> the <span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">potential alternative<span class="_ _0"/> use of buildings</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3">The d<span class="_ _5"/>at<span class="_ _5"/>e of t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>fe<span class="_ _5"/>r of l<span class="_ _5"/>eg<span class="_ _5"/>al t<span class="_ _5"/>it<span class="_ _5"/>l<span class="_ _5"/>e</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls5 ws4">Payment t<span class="_ _0"/>erms, including<span class="_ _0"/> options of ea<span class="_ _0"/>rly <span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">termination o<span class="_ _0"/>f contract</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">Enforceable<span class="_ _0"/> right to<span class="_ _0"/> payment for performance </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">completed<span class="_ _0"/> to dat<span class="_ _0"/>e.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For construction contract<span class="_ _5"/>s in<span class="_ _0"/> the semi-<span class="_ _5"/>detached seg<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment, Mangement considers<span class="_ _0"/> if the c<span class="_ _0"/>ontrac<span class="_ _5"/>ts comprise </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a single<span class="_ _0"/> or multiple performance obligations. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Our construction contract<span class="_ _5"/>s do<span class="_ _0"/> not include<span class="_ _0"/> variable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">elements of c<span class="_ _0"/>onsideration as the<span class="_ _0"/>y are<span class="_ _0"/> fi<span class="_ _5"/>xed-price </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contracts.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cos<span class="_ _5"/>t of s<span class="_ _5"/>al<span class="_ _5"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">St<span class="_ _5"/>af<span class="_ _5"/>f c<span class="_ _5"/>os<span class="_ _5"/>t<span class="_ _5"/>s, c<span class="_ _5"/>os<span class="_ _5"/>t<span class="_ _5"/>s of r<span class="_ _5"/>aw m<span class="_ _5"/>ate<span class="_ _5"/>ri<span class="_ _5"/>al<span class="_ _5"/>s<span class="_ _5"/>, cos<span class="_ _5"/>t<span class="_ _5"/>s of s<span class="_ _5"/>ub<span class="_ _5"/>co<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tr<span class="_ _5"/>ac<span class="_ _3"/>tor<span class="_ _5"/>s<span class="_ _5"/>, wo<span class="_ _5"/>rk p<span class="_ _5"/>er<span class="_ _5"/>f<span class="_ _5"/>or<span class="_ _5"/>me<span class="_ _5"/>d by t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up'<span class="_ _5"/>s en<span class="_ _5"/>t<span class="_ _5"/>it<span class="_ _5"/>ie<span class="_ _5"/>s an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised and consumables<span class="_ _0"/> incurred in<span class="_ _0"/> generating </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e reve<span class="_ _5"/>nu<span class="_ _5"/>e fo<span class="_ _5"/>r th<span class="_ _5"/>e ye<span class="_ _5"/>ar. Cos<span class="_ _5"/>t o<span class="_ _5"/>f sa<span class="_ _5"/>le<span class="_ _5"/>s al<span class="_ _5"/>so i<span class="_ _5"/>nd<span class="_ _5"/>ud<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">st<span class="_ _5"/>af<span class="_ _3"/>f cos<span class="_ _5"/>t<span class="_ _5"/>s r<span class="_ _5"/>el<span class="_ _5"/>ate<span class="_ _5"/>d to ho<span class="_ _5"/>ur<span class="_ _5"/>l<span class="_ _5"/>y wo<span class="_ _5"/>rker<span class="_ _5"/>s u<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>he p<span class="_ _5"/>ro<span class="_ _3"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">duction at the factories.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other external expenses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other external expenses includes<span class="_ _0"/> the period’s<span class="_ _0"/> ex<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">penses relating t<span class="_ _0"/>o the Group<span class="_ _0"/>’s<span class="_ _0"/> core activities, includ<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ing expenses<span class="_ _0"/> relating t<span class="_ _0"/>o distribution, sales, advertis<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ing, administration, premises,<span class="_ _0"/> bad debts, low-value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and short-term leases,<span class="_ _0"/> etc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other operating income</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other operating income includes<span class="_ _0"/> income from<span class="_ _0"/> sec<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ondary ac<span class="_ _5"/>tivities such as<span class="_ _0"/> gains/losses from sale<span class="_ _0"/> of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">propert<span class="_ _5"/>y,<span class="_ _0"/> plant and equipment.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Staff costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">Staff cost<span class="_ _5"/>s include</span></span><span class="_ _0"/> wages and salaries,<span class="_ _0"/> including </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">compensated<span class="_ _0"/> absence,<span class="_ _0"/> share-<span class="_ _5"/>based pa<span class="_ _0"/>yment<span class="_ _5"/>s and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pensions, as<span class="_ _0"/> well as<span class="_ _0"/> other social<span class="_ _0"/> security contribu<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on<span class="_ _5"/>s, e<span class="_ _5"/>tc<span class="_ _5"/>. ma<span class="_ _5"/>de t<span class="_ _5"/>o th<span class="_ _5"/>e G<span class="_ _5"/>rou<span class="_ _5"/>p’s em<span class="_ _5"/>pl<span class="_ _5"/>oye<span class="_ _5"/>es<span class="_ _5"/>. St<span class="_ _5"/>af<span class="_ _5"/>f c<span class="_ _5"/>os<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for h<span class="_ _5"/>ou<span class="_ _5"/>rl<span class="_ _5"/>y w<span class="_ _5"/>or<span class="_ _5"/>ker<span class="_ _5"/>s is r<span class="_ _5"/>eco<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed a<span class="_ _5"/>s co<span class="_ _5"/>st o<span class="_ _5"/>f sa<span class="_ _5"/>le<span class="_ _5"/>s are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exclu<span class="_ _5"/>de<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ite<span class="_ _5"/>m is n<span class="_ _5"/>et o<span class="_ _5"/>f ref<span class="_ _5"/>un<span class="_ _5"/>ds m<span class="_ _5"/>ad<span class="_ _5"/>e by p<span class="_ _5"/>ub<span class="_ _5"/>li<span class="_ _5"/>c au<span class="_ _5"/>t<span class="_ _5"/>ho<span class="_ _5"/>ri<span class="_ _5"/>ti<span class="_ _5"/>es<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share-<span class="_ _5"/>based payments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has established a long-term share-based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">incentyi<span class="_ _5"/>ve programme<span class="_ _0"/> (L<span class="_ _1"/>TI<span class="_ _5"/>) in<span class="_ _0"/> accordance<span class="_ _0"/> with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">current r<span class="_ _0"/>emuneration policy.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share-<span class="_ _5"/>based payments are<span class="_ _0"/> recognised ov<span class="_ _0"/>er the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period in which<span class="_ _0"/> the participant renders the service </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">entiling the participant to the<span class="_ _0"/> payment, which, in prin<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cip<span class="_ _5"/>l<span class="_ _5"/>e, is f<span class="_ _5"/>ro<span class="_ _5"/>m th<span class="_ _5"/>e da<span class="_ _5"/>te of g<span class="_ _5"/>r<span class="_ _5"/>an<span class="_ _5"/>t un<span class="_ _5"/>ti<span class="_ _5"/>l th<span class="_ _5"/>e da<span class="_ _5"/>te o<span class="_ _5"/>n wh<span class="_ _5"/>ic<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the vesting c<span class="_ _0"/>onditions have<span class="_ _0"/> been met.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e L<span class="_ _0"/>TI pro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me<span class="_ _5"/>s ar<span class="_ _5"/>e cl<span class="_ _5"/>as<span class="_ _5"/>si<span class="_ _5"/>f<span class="_ _5"/>ie<span class="_ _5"/>d as e<span class="_ _5"/>qu<span class="_ _5"/>it<span class="_ _3"/>y-<span class="_ _5"/>s<span class="_ _5"/>et<span class="_ _5"/>t<span class="_ _5"/>le<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plans. The<span class="_ _0"/> value of<span class="_ _0"/> serv<span class="_ _5"/>ices r<span class="_ _0"/>eceived as<span class="_ _0"/> consideration<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for t<span class="_ _5"/>h<span class="_ _5"/>e gr<span class="_ _5"/>an<span class="_ _5"/>ted r<span class="_ _5"/>ig<span class="_ _5"/>h<span class="_ _5"/>t to res<span class="_ _5"/>t<span class="_ _5"/>r<span class="_ _5"/>ic<span class="_ _5"/>te<span class="_ _5"/>d sh<span class="_ _5"/>ar<span class="_ _5"/>e un<span class="_ _5"/>it<span class="_ _5"/>s i<span class="_ _5"/>s me<span class="_ _5"/>as<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ure<span class="_ _5"/>d at t<span class="_ _5"/>h<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>al<span class="_ _5"/>ue of t<span class="_ _5"/>h<span class="_ _5"/>e sha<span class="_ _5"/>re<span class="_ _5"/>s at t<span class="_ _5"/>he d<span class="_ _5"/>at<span class="_ _5"/>e of gr<span class="_ _5"/>an<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">us<span class="_ _5"/>in<span class="_ _5"/>g a vol<span class="_ _5"/>um<span class="_ _5"/>e we<span class="_ _5"/>ig<span class="_ _5"/>hte<span class="_ _5"/>d ave<span class="_ _5"/>ra<span class="_ _5"/>ge s<span class="_ _5"/>ha<span class="_ _5"/>re p<span class="_ _5"/>ri<span class="_ _5"/>ce<span class="_ _5"/>(<span class="_ _5"/>V<span class="_ _3"/>WAP<span class="_ _5"/>). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>alu<span class="_ _5"/>e of t<span class="_ _5"/>he s<span class="_ _5"/>ha<span class="_ _5"/>re o<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>ns a<span class="_ _5"/>wa<span class="_ _5"/>rd<span class="_ _5"/>ed i<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the<span class="_ _0"/> Black-Scholes model.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>alu<span class="_ _5"/>e of t<span class="_ _5"/>he g<span class="_ _5"/>r<span class="_ _5"/>an<span class="_ _5"/>ted r<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _5"/>s t<span class="_ _5"/>o res<span class="_ _5"/>t<span class="_ _5"/>ri<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d sh<span class="_ _5"/>are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">un<span class="_ _5"/>it<span class="_ _5"/>s a<span class="_ _5"/>nd aw<span class="_ _5"/>ar<span class="_ _5"/>de<span class="_ _5"/>d ri<span class="_ _5"/>gh<span class="_ _5"/>t<span class="_ _5"/>s to s<span class="_ _5"/>ha<span class="_ _5"/>re op<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>ns i<span class="_ _5"/>s no<span class="_ _5"/>t sub<span class="_ _3"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sequently adjust<span class="_ _0"/>ed. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the c<span class="_ _0"/>onsolidated financial statements, the costs are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as s<span class="_ _5"/>t<span class="_ _5"/>af<span class="_ _5"/>f c<span class="_ _5"/>os<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in e<span class="_ _5"/>qu<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">over<span class="_ _0"/> the vesting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In t<span class="_ _5"/>he p<span class="_ _5"/>ar<span class="_ _5"/>en<span class="_ _5"/>t com<span class="_ _5"/>pa<span class="_ _5"/>ny, cos<span class="_ _5"/>t<span class="_ _5"/>s a<span class="_ _5"/>ss<span class="_ _5"/>oci<span class="_ _5"/>at<span class="_ _5"/>ed w<span class="_ _5"/>it<span class="_ _5"/>h t<span class="_ _5"/>he L<span class="_ _0"/>TI </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">programmes related<span class="_ _0"/> to participants employed by<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiaries are charged t<span class="_ _0"/>o the subsidiaries. The L<span class="_ _1"/>TI </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">programmes are<span class="_ _0"/> classified as equity<span class="_ _5"/>-set<span class="_ _5"/>tled plans.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ear<span class="_ _5"/>nin<span class="_ _5"/>gs p<span class="_ _5"/>er sh<span class="_ _5"/>are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bo<span class="_ _5"/>th e<span class="_ _5"/>ar<span class="_ _5"/>ni<span class="_ _5"/>ng<span class="_ _5"/>s pe<span class="_ _5"/>r sh<span class="_ _5"/>ar<span class="_ _5"/>e (E<span class="_ _5"/>PS<span class="_ _5"/>) an<span class="_ _5"/>d di<span class="_ _5"/>lu<span class="_ _5"/>te<span class="_ _5"/>d ea<span class="_ _5"/>rn<span class="_ _5"/>in<span class="_ _5"/>gs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>r sh<span class="_ _5"/>are (<span class="_ _5"/>E<span class="_ _5"/>PS<span class="_ _3"/>-<span class="_ _5"/>D) a<span class="_ _5"/>re pr<span class="_ _5"/>es<span class="_ _5"/>en<span class="_ _5"/>ted<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EP<span class="_ _5"/>S is c<span class="_ _5"/>a<span class="_ _5"/>lcu<span class="_ _5"/>la<span class="_ _5"/>te<span class="_ _5"/>d as p<span class="_ _5"/>rof<span class="_ _3"/>it fo<span class="_ _5"/>r t<span class="_ _5"/>he ye<span class="_ _5"/>ar d<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>d by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">weighted a<span class="_ _0"/>verage number<span class="_ _0"/> of shares<span class="_ _0"/> oustanding<span class="_ _5"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excluding treasury shares.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> EP<span class="_ _5"/>S<span class="_ _5"/>-<span class="_ _3"/>D is c<span class="_ _5"/>al<span class="_ _5"/>cu<span class="_ _5"/>lat<span class="_ _5"/>ed a<span class="_ _5"/>s pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t fo<span class="_ _5"/>r th<span class="_ _5"/>e yea<span class="_ _5"/>r di<span class="_ _5"/>v<span class="_ _5"/>id<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by we<span class="_ _0"/>ighted average<span class="_ _0"/> number of<span class="_ _0"/> shares oustanding, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ad<span class="_ _5"/>ju<span class="_ _5"/>st<span class="_ _5"/>ed f<span class="_ _5"/>or t<span class="_ _5"/>he d<span class="_ _5"/>il<span class="_ _5"/>ut<span class="_ _5"/>i<span class="_ _5"/>ve ef<span class="_ _3"/>fec<span class="_ _3"/>t of re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _5"/>t<span class="_ _5"/>ed s<span class="_ _5"/>ha<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">un<span class="_ _5"/>it<span class="_ _5"/>s<span class="_ _5"/>. On<span class="_ _5"/>l<span class="_ _5"/>y in<span class="_ _5"/>st<span class="_ _5"/>r<span class="_ _5"/>um<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s th<span class="_ _5"/>at h<span class="_ _5"/>ave a d<span class="_ _5"/>il<span class="_ _5"/>ut<span class="_ _5"/>i<span class="_ _5"/>ve ef<span class="_ _3"/>fec<span class="_ _3"/>t are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">included in dilut<span class="_ _0"/>ed EPS.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _5"/>8<span class="ff48 fc0 ls0 ws0"> <span class="_ _183"> </span>Accou<span class="_ _0"/>nt<span class="_ _0"/>in<span class="_ _0"/>g poli<span class="_ _0"/>ci<span class="_ _0"/>es r<span class="_ _0"/>el<span class="_ _0"/>at<span class="_ _1"/>ed to w<span class="_ _0"/>orki<span class="_ _0"/>ng </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capital not<span class="_ _1"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Inventories</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In<span class="_ _5"/>ven<span class="_ _5"/>to<span class="_ _5"/>rie<span class="_ _5"/>s ar<span class="_ _5"/>e me<span class="_ _5"/>as<span class="_ _5"/>ure<span class="_ _5"/>d at t<span class="_ _5"/>h<span class="_ _5"/>e low<span class="_ _5"/>er o<span class="_ _5"/>f cos<span class="_ _5"/>t a<span class="_ _5"/>nd n<span class="_ _5"/>et </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">realisable value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e cos<span class="_ _5"/>t of r<span class="_ _5"/>aw m<span class="_ _5"/>ate<span class="_ _5"/>ri<span class="_ _5"/>al<span class="_ _5"/>s in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>es co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s of b<span class="_ _5"/>ri<span class="_ _5"/>ng<span class="_ _5"/>in<span class="_ _5"/>g </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">each product to<span class="_ _0"/> its present location<span class="_ _0"/> and condition.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Co<span class="_ _5"/>st o<span class="_ _5"/>f ra<span class="_ _5"/>w ma<span class="_ _5"/>ter<span class="_ _5"/>ia<span class="_ _5"/>ls i<span class="_ _5"/>s me<span class="_ _5"/>as<span class="_ _5"/>ur<span class="_ _5"/>ed o<span class="_ _5"/>n a f<span class="_ _5"/>ir<span class="_ _5"/>s<span class="_ _5"/>t-<span class="_ _5"/>i<span class="_ _5"/>n/<span class="_ _5"/>f<span class="_ _5"/>i<span class="_ _5"/>rs<span class="_ _5"/>t<span class="_ _5"/>-<span class="_ _5"/>ou<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">basis.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Work<span class="_ _0"/> in progress and finished houses<span class="_ _0"/> <span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(non-contracted construction)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e cos<span class="_ _5"/>t of w<span class="_ _5"/>or<span class="_ _5"/>k in p<span class="_ _5"/>ro<span class="_ _5"/>gre<span class="_ _5"/>ss a<span class="_ _5"/>nd f<span class="_ _3"/>in<span class="_ _5"/>is<span class="_ _5"/>he<span class="_ _5"/>d ho<span class="_ _5"/>us<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(non-<span class="_ _5"/> <span class="_ _5d"/>contrac<span class="_ _5"/>ted), includes<span class="_ _0"/> costs of direct materials<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and labour<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e cos<span class="_ _5"/>t of l<span class="_ _5"/>an<span class="_ _5"/>d pl<span class="_ _5"/>ot<span class="_ _5"/>s i<span class="_ _5"/>nc<span class="_ _5"/>lu<span class="_ _5"/>de<span class="_ _5"/>s in<span class="_ _5"/>di<span class="_ _5"/>re<span class="_ _5"/>c<span class="_ _5"/>t cos<span class="_ _5"/>t<span class="_ _5"/>s s<span class="_ _5"/>uc<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as dev<span class="_ _0"/>elopment costs etc.<span class="_ _0"/> of bringing<span class="_ _0"/> the land t<span class="_ _0"/>o its </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">present c<span class="_ _0"/>ondition.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Net realisable value<span class="_ _0"/> is the estimated<span class="_ _0"/> selling price<span class="_ _0"/> in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the ordinary course of<span class="_ _0"/> business less estimated c<span class="_ _0"/>ost<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of co<span class="_ _5"/>mp<span class="_ _5"/>le<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>nd t<span class="_ _5"/>h<span class="_ _5"/>e es<span class="_ _5"/>ti<span class="_ _5"/>ma<span class="_ _5"/>te<span class="_ _5"/>d cos<span class="_ _5"/>t<span class="_ _5"/>s n<span class="_ _5"/>ece<span class="_ _5"/>ss<span class="_ _5"/>ar<span class="_ _3"/>y to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">make<span class="_ _0"/> the sale.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>rade and<span class="_ _0"/> other receivables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Rec<span class="_ _5"/>ei<span class="_ _5"/>va<span class="_ _5"/>bl<span class="_ _5"/>es a<span class="_ _5"/>re me<span class="_ _5"/>as<span class="_ _5"/>ur<span class="_ _5"/>ed a<span class="_ _5"/>t am<span class="_ _5"/>or<span class="_ _3"/>ti<span class="_ _5"/>se<span class="_ _5"/>d cos<span class="_ _5"/>t<span class="_ _5"/>. A </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on i<span class="_ _5"/>s re<span class="_ _5"/>co<span class="_ _5"/>gni<span class="_ _5"/>se<span class="_ _5"/>d ac<span class="_ _5"/>cor<span class="_ _5"/>di<span class="_ _5"/>ng t<span class="_ _5"/>o th<span class="_ _5"/>e si<span class="_ _5"/>mp<span class="_ _5"/>li<span class="_ _5"/>f<span class="_ _5"/>ie<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected credit lo<span class="_ _0"/>ss model, ac<span class="_ _0"/>cording t<span class="_ _0"/>o which the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tot<span class="_ _5"/>al l<span class="_ _5"/>os<span class="_ _5"/>s is r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d im<span class="_ _5"/>me<span class="_ _5"/>dia<span class="_ _5"/>te<span class="_ _5"/>ly i<span class="_ _5"/>n t<span class="_ _5"/>he p<span class="_ _5"/>rof<span class="_ _5"/>i<span class="_ _5"/>t a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lo<span class="_ _5"/>ss a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t at t<span class="_ _5"/>he s<span class="_ _5"/>am<span class="_ _5"/>e ti<span class="_ _5"/>me a<span class="_ _5"/>s t<span class="_ _5"/>he re<span class="_ _5"/>cei<span class="_ _5"/>v<span class="_ _5"/>ab<span class="_ _5"/>le i<span class="_ _5"/>s re<span class="_ _5"/>c-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>he b<span class="_ _5"/>al<span class="_ _5"/>an<span class="_ _5"/>ce sh<span class="_ _5"/>ee<span class="_ _5"/>t on t<span class="_ _5"/>he b<span class="_ _5"/>as<span class="_ _5"/>is o<span class="_ _5"/>f ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loss during the<span class="_ _0"/> total lifetime<span class="_ _0"/> of the r<span class="_ _0"/>eceivable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">O<span class="_ _5"/>th<span class="_ _5"/>er re<span class="_ _5"/>ce<span class="_ _5"/>iv<span class="_ _5"/>ab<span class="_ _5"/>le<span class="_ _5"/>s in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>e re<span class="_ _5"/>st<span class="_ _5"/>r<span class="_ _5"/>ic<span class="_ _5"/>te<span class="_ _5"/>d c<span class="_ _5"/>as<span class="_ _5"/>h.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions<span class="_ _0"/> and other commi<span class="_ _0"/>tments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions differ from<span class="_ _0"/> other liabilities because there<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is a<span class="_ _0"/> degree of unc<span class="_ _0"/>er<span class="_ _5"/>tainty concerning when<span class="_ _0"/> pay<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment will oc<span class="_ _0"/>cur or c<span class="_ _0"/>oncerning the s<span class="_ _0"/>ize<span class="_ _0"/> of the<span class="_ _0"/> amount </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">req<span class="_ _5"/>ui<span class="_ _5"/>re<span class="_ _5"/>d to se<span class="_ _5"/>t<span class="_ _5"/>t<span class="_ _5"/>le t<span class="_ _5"/>he p<span class="_ _5"/>rov<span class="_ _5"/>i<span class="_ _5"/>si<span class="_ _5"/>on<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions ar<span class="_ _0"/>e recognised<span class="_ _0"/> in the balance<span class="_ _0"/> sheet when<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a le<span class="_ _5"/>ga<span class="_ _5"/>l or i<span class="_ _5"/>nfo<span class="_ _5"/>r<span class="_ _5"/>mal o<span class="_ _5"/>b<span class="_ _5"/>li<span class="_ _5"/>ga<span class="_ _5"/>ti<span class="_ _5"/>on ex<span class="_ _5"/>i<span class="_ _5"/>st<span class="_ _5"/>s d<span class="_ _5"/>ue t<span class="_ _5"/>o an ev<span class="_ _5"/>en<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>at h<span class="_ _5"/>as o<span class="_ _5"/>ccu<span class="_ _5"/>rr<span class="_ _5"/>ed a<span class="_ _5"/>nd i<span class="_ _5"/>t is p<span class="_ _5"/>ro<span class="_ _5"/>ba<span class="_ _5"/>bl<span class="_ _5"/>e th<span class="_ _5"/>at a<span class="_ _5"/>n ou<span class="_ _5"/>t<span class="_ _5"/>f<span class="_ _5"/>l<span class="_ _5"/>ow of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">res<span class="_ _5"/>ou<span class="_ _5"/>rce<span class="_ _5"/>s wi<span class="_ _5"/>ll b<span class="_ _5"/>e re<span class="_ _5"/>qu<span class="_ _5"/>ire<span class="_ _5"/>d to s<span class="_ _5"/>et<span class="_ _5"/>t<span class="_ _5"/>le t<span class="_ _5"/>h<span class="_ _5"/>e ob<span class="_ _5"/>li<span class="_ _5"/>ga<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">the amount can<span class="_ _0"/> be estimated reliably<span class="_ _0"/>.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions<span class="_ _0"/> are measur<span class="_ _0"/>ed on the<span class="_ _0"/> basis of<span class="_ _0"/> Manage<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment’s best estimate o<span class="_ _0"/>f the anticipated<span class="_ _0"/> expenditure </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for settlement of<span class="_ _0"/> the releva<span class="_ _0"/>nt obligation and<span class="_ _0"/> are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disco<span class="_ _5"/>unte<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>rade<span class="_ _0"/> payables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _1"/>rade payables are<span class="_ _0"/> measured<span class="_ _0"/> at amortised cost, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which, in all<span class="_ _0"/> essentials, corresponds<span class="_ _0"/> to the net<span class="_ _0"/> realis<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">able value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments comprise incurr<span class="_ _0"/>ed payments of e<span class="_ _0"/>xpens<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es relating<span class="_ _0"/> to subsequent financial y<span class="_ _0"/>ears.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments from<span class="_ _0"/> customers</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments from<span class="_ _0"/> customers comprise<span class="_ _0"/> payments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">received<span class="_ _0"/> prior to<span class="_ _0"/> star<span class="_ _5"/>t of<span class="_ _0"/> construc<span class="_ _5"/>tion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other payables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other payables, which include<span class="_ _0"/> debt to<span class="_ _0"/> public authori<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ties, employee-related c<span class="_ _0"/>osts payable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash and cash equivalents</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash and cash<span class="_ _0"/> equivalents comprise cash<span class="_ _0"/> at banks </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and in<span class="_ _0"/> hand.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 4<span class="_ _3"/>.<span class="_ _5"/>3<span class="ff48 fc0 ls57 ws5b"> <span class="_ _183"> </span>Accoun<span class="_ _0"/>ting polic<span class="_ _0"/>ies r<span class="_ _0"/>elat<span class="_ _0"/>ed t<span class="_ _0"/>o in<span class="_ _0"/>vest<span class="_ _0"/>ments no<span class="_ _0"/>t<span class="_ _0"/>es</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At t<span class="_ _5"/>he a<span class="_ _5"/>cqu<span class="_ _5"/>is<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on d<span class="_ _5"/>ate<span class="_ _5"/>, go<span class="_ _5"/>od<span class="_ _5"/>wi<span class="_ _5"/>ll i<span class="_ _5"/>s re<span class="_ _5"/>co<span class="_ _5"/>gni<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>h<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">balance sheet<span class="_ _0"/> at cost<span class="_ _0"/> as described under<span class="_ _0"/> Business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combinations. Subseque<span class="_ _0"/>ntly,<span class="_ _0"/> goodwill is measur<span class="_ _0"/>ed at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost less ac<span class="_ _0"/>cumulated impairment<span class="_ _0"/> losses. Goodwill </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is n<span class="_ _5"/>ot a<span class="_ _5"/>mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>is<span class="_ _5"/>ed b<span class="_ _5"/>ut i<span class="_ _5"/>s tes<span class="_ _5"/>t<span class="_ _5"/>ed fo<span class="_ _5"/>r im<span class="_ _5"/>pa<span class="_ _5"/>ir<span class="_ _5"/>me<span class="_ _5"/>nt a<span class="_ _5"/>t le<span class="_ _5"/>as<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on<span class="_ _5"/>ce a yea<span class="_ _5"/>r. Goo<span class="_ _5"/>d<span class="_ _5"/>wi<span class="_ _5"/>ll i<span class="_ _5"/>s wr<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>ten d<span class="_ _5"/>ow<span class="_ _5"/>n to t<span class="_ _5"/>he r<span class="_ _5"/>eco<span class="_ _5"/>v-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">erable amount if<span class="_ _0"/> the carry<span class="_ _5"/>ing amount is<span class="_ _0"/> higher than </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the computed<span class="_ _0"/> recoverable<span class="_ _0"/> amount. The reco<span class="_ _0"/>verable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">am<span class="_ _5"/>ou<span class="_ _5"/>nt i<span class="_ _5"/>s com<span class="_ _5"/>pu<span class="_ _5"/>te<span class="_ _5"/>d as t<span class="_ _5"/>h<span class="_ _5"/>e pre<span class="_ _5"/>se<span class="_ _5"/>nt v<span class="_ _5"/>al<span class="_ _5"/>ue o<span class="_ _5"/>f th<span class="_ _5"/>e ex-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d fu<span class="_ _5"/>tu<span class="_ _5"/>re n<span class="_ _5"/>et c<span class="_ _5"/>as<span class="_ _5"/>h f<span class="_ _5"/>lo<span class="_ _5"/>ws f<span class="_ _5"/>ro<span class="_ _5"/>m th<span class="_ _5"/>e en<span class="_ _5"/>ter<span class="_ _5"/>p<span class="_ _5"/>ri<span class="_ _5"/>se<span class="_ _5"/>s or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ac<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s to wh<span class="_ _5"/>ic<span class="_ _5"/>h th<span class="_ _5"/>e go<span class="_ _5"/>o<span class="_ _5"/>dw<span class="_ _5"/>il<span class="_ _5"/>l is a<span class="_ _5"/>ll<span class="_ _5"/>oc<span class="_ _5"/>at<span class="_ _5"/>ed<span class="_ _5"/>. Im<span class="_ _5"/>pa<span class="_ _5"/>ir-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt o<span class="_ _5"/>f go<span class="_ _5"/>od<span class="_ _5"/>wi<span class="_ _5"/>ll i<span class="_ _5"/>s no<span class="_ _5"/>t rev<span class="_ _5"/>er<span class="_ _5"/>se<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ca<span class="_ _5"/>rr<span class="_ _3"/>yi<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of g<span class="_ _5"/>oo<span class="_ _5"/>dw<span class="_ _5"/>il<span class="_ _5"/>l is a<span class="_ _5"/>ll<span class="_ _5"/>oc<span class="_ _5"/>a<span class="_ _5"/>ted t<span class="_ _5"/>o th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group’<span class="_ _0"/>s cash-<span class="_ _5"/>generating units at the ac<span class="_ _0"/>quisition date.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Identif<span class="_ _5"/>ication of<span class="_ _0"/> cash-<span class="_ _5"/>generating units follows the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">internal management<span class="_ _0"/> report<span class="_ _5"/>ing and independent<span class="_ _0"/> cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">inflows.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Intangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>rademar<span class="_ _0"/>ks</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _1"/>ra<span class="_ _5"/>demarks are<span class="_ _0"/> initially recognised at<span class="_ _0"/> cost. Subse<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">quently,<span class="_ _0"/> trademarks are measured<span class="_ _0"/> at cost<span class="_ _0"/> less accu<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mulated amortisation and impairment. T<span class="_ _1"/>rademark<span class="_ _5"/>s are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amor<span class="_ _5"/>tised on a<span class="_ _0"/> straight-line basis over<span class="_ _0"/> their estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">us<span class="_ _5"/>ef<span class="_ _5"/>ul l<span class="_ _5"/>ive<span class="_ _5"/>s of u<span class="_ _5"/>p to 1<span class="_ _5"/>0 yea<span class="_ _5"/>r<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Soft<span class="_ _5"/>ware dev<span class="_ _0"/>elopment projects</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In-<span class="_ _5"/>progress and<span class="_ _0"/> completed<span class="_ _0"/> soft<span class="_ _5"/>ware dev<span class="_ _0"/>elopment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">project<span class="_ _5"/>s that are<span class="_ _0"/> clearly defined and identifiable, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">where the t<span class="_ _0"/>echnical feasibility,<span class="_ _0"/> suff<span class="_ _5"/>icient resourc<span class="_ _0"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d a po<span class="_ _5"/>ten<span class="_ _5"/>t<span class="_ _5"/>ial f<span class="_ _5"/>u<span class="_ _5"/>tu<span class="_ _5"/>re ma<span class="_ _5"/>rke<span class="_ _5"/>t or p<span class="_ _5"/>ote<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>al fo<span class="_ _5"/>r us<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in t<span class="_ _5"/>he g<span class="_ _5"/>ro<span class="_ _5"/>up c<span class="_ _5"/>an b<span class="_ _5"/>e de<span class="_ _5"/>mo<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>te<span class="_ _5"/>d, a<span class="_ _5"/>nd w<span class="_ _5"/>he<span class="_ _5"/>re i<span class="_ _5"/>t is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended to<span class="_ _0"/> manufacture, market<span class="_ _0"/> or use<span class="_ _0"/> project<span class="_ _5"/>, are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as i<span class="_ _5"/>nt<span class="_ _5"/>an<span class="_ _5"/>gi<span class="_ _5"/>bl<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s i<span class="_ _5"/>f th<span class="_ _5"/>e cos<span class="_ _5"/>t c<span class="_ _5"/>an b<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reliably determined<span class="_ _0"/> and there is<span class="_ _0"/> suff<span class="_ _5"/>icient assurance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>at f<span class="_ _5"/>ut<span class="_ _5"/>ur<span class="_ _5"/>e ea<span class="_ _5"/>rni<span class="_ _5"/>ng<span class="_ _5"/>s o<span class="_ _5"/>r th<span class="_ _5"/>e ne<span class="_ _5"/>t se<span class="_ _5"/>ll<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>ice m<span class="_ _5"/>ay cov<span class="_ _5"/>er </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">production costs, selling costs, administrative expens<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es and<span class="_ _0"/> development c<span class="_ _0"/>osts.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">O<span class="_ _5"/>th<span class="_ _5"/>er d<span class="_ _5"/>eve<span class="_ _5"/>lo<span class="_ _5"/>pm<span class="_ _5"/>en<span class="_ _5"/>t co<span class="_ _5"/>st<span class="_ _5"/>s a<span class="_ _5"/>re re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed i<span class="_ _5"/>n th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement under<span class="_ _0"/> other external e<span class="_ _0"/>xpenses, as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs are lik<span class="_ _0"/>ely to<span class="_ _0"/> be incurred.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Development<span class="_ _0"/> costs are measur<span class="_ _0"/>ed at c<span class="_ _0"/>ost less ac<span class="_ _0"/>cu<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mulated a<span class="_ _0"/>mor<span class="_ _5"/>tisation and impairment<span class="_ _0"/> losses. Cost </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">includes salari<span class="_ _0"/>es, armortization, depreciation<span class="_ _0"/> and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other costs attributable to the<span class="_ _0"/> Group’<span class="_ _0"/>s dev<span class="_ _0"/>elopment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ac<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s an<span class="_ _5"/>d bo<span class="_ _5"/>rr<span class="_ _5"/>ow<span class="_ _5"/>in<span class="_ _5"/>g cos<span class="_ _5"/>t<span class="_ _5"/>s f<span class="_ _5"/>rom s<span class="_ _5"/>pe<span class="_ _5"/>ci<span class="_ _5"/>f<span class="_ _5"/>i<span class="_ _5"/>c an<span class="_ _5"/>d ge<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eral borrowing<span class="_ _0"/> that relat<span class="_ _0"/>e directly to the<span class="_ _0"/> development<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">projects.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Upon completion<span class="_ _0"/> of the<span class="_ _0"/> development work,<span class="_ _0"/> devel<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">opment projects are amortised on a straight-line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ba<span class="_ _5"/>si<span class="_ _5"/>s ove<span class="_ _5"/>r th<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>ss<span class="_ _5"/>ed e<span class="_ _5"/>con<span class="_ _5"/>om<span class="_ _5"/>ic l<span class="_ _5"/>if<span class="_ _5"/>e fr<span class="_ _5"/>om t<span class="_ _5"/>he t<span class="_ _5"/>im<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t is r<span class="_ _5"/>ea<span class="_ _5"/>dy f<span class="_ _5"/>or u<span class="_ _5"/>se. T<span class="_ _5"/>he a<span class="_ _5"/>mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>is<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n pe<span class="_ _5"/>ri<span class="_ _5"/>o<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">usually constitutes<span class="_ _0"/> 3-<span class="_ _5"/>5 years.<span class="_ _0"/> The amortisation basis </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is re<span class="_ _5"/>du<span class="_ _5"/>ce<span class="_ _5"/>d by an<span class="_ _5"/>y wr<span class="_ _5"/>i<span class="_ _5"/>te<span class="_ _5"/>-<span class="_ _5"/>d<span class="_ _5"/>ow<span class="_ _5"/>ns<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dev<span class="_ _5"/>el<span class="_ _5"/>op<span class="_ _5"/>me<span class="_ _5"/>nt p<span class="_ _5"/>ro<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s in p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>es<span class="_ _5"/>s are t<span class="_ _5"/>es<span class="_ _5"/>te<span class="_ _5"/>d for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment on an<span class="_ _0"/> annual basis.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Propert<span class="_ _5"/>y, plant<span class="_ _0"/> and equipment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Land and buildings,<span class="_ _0"/> plant and machinery and fix<span class="_ _5"/>tures </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and fit<span class="_ _5"/>tings, and other equipment<span class="_ _0"/> are measured<span class="_ _0"/> at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost less ac<span class="_ _0"/>cumulated depreci<span class="_ _0"/>ation and impairment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lo<span class="_ _5"/>ss<span class="_ _5"/>es<span class="_ _5"/>. Co<span class="_ _5"/>st c<span class="_ _5"/>om<span class="_ _5"/>pr<span class="_ _5"/>is<span class="_ _5"/>es t<span class="_ _5"/>he p<span class="_ _5"/>ur<span class="_ _5"/>ch<span class="_ _5"/>as<span class="_ _5"/>e pr<span class="_ _5"/>ice a<span class="_ _5"/>nd c<span class="_ _5"/>os<span class="_ _5"/>t<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of materi<span class="_ _0"/>als, components, suppliers, direct wages and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">salaries and<span class="_ _0"/> indirect produc<span class="_ _5"/>tion costs until the date<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wh<span class="_ _5"/>en t<span class="_ _5"/>he a<span class="_ _5"/>ss<span class="_ _5"/>et i<span class="_ _5"/>s av<span class="_ _5"/>ai<span class="_ _5"/>la<span class="_ _5"/>bl<span class="_ _5"/>e fo<span class="_ _5"/>r us<span class="_ _5"/>e.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>pre<span class="_ _5"/>ci<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n i<span class="_ _5"/>s pro<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>d on a s<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _5"/>-<span class="_ _5"/>li<span class="_ _5"/>ne b<span class="_ _5"/>as<span class="_ _5"/>is ov<span class="_ _5"/>er </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d us<span class="_ _5"/>ef<span class="_ _5"/>ul l<span class="_ _5"/>iv<span class="_ _5"/>es of t<span class="_ _5"/>he a<span class="_ _5"/>s<span class="_ _5"/>set<span class="_ _5"/>s<span class="_ _5"/>, a<span class="_ _5"/>s fo<span class="_ _5"/>ll<span class="_ _5"/>ows<span class="_ _5"/>: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Buildings: <span class="_ _18f"> </span>10-3<span class="_ _5"/>0 ye<span class="_ _0"/>ars</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Leasehold impro<span class="_ _0"/>vements: <span class="_ _18c"> </span>3-10 y<span class="_ _0"/>ears</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fi<span class="_ _5"/>x<span class="_ _5"/>tu<span class="_ _5"/>re<span class="_ _5"/>s an<span class="_ _5"/>d f<span class="_ _5"/>it<span class="_ _3"/>ti<span class="_ _5"/>ng: <span class="_ _41"> </span>3<span class="_ _5"/>-5 y<span class="_ _5"/>ea<span class="_ _5"/>rs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Plant, machinery and other equipment: <span class="_ _1ec"> </span>3-10 years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Leases</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s le<span class="_ _5"/>ase c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t<span class="_ _5"/>s fo<span class="_ _5"/>r pro<span class="_ _5"/>pe<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _3"/>y, vehic<span class="_ _5"/>le<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and plant and<span class="_ _0"/> equipment used in<span class="_ _0"/> its operations. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pro<span class="_ _5"/>pe<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _3"/>y lea<span class="_ _5"/>se<span class="_ _5"/>s ha<span class="_ _5"/>ve le<span class="_ _5"/>as<span class="_ _5"/>e ter<span class="_ _5"/>m<span class="_ _5"/>s of be<span class="_ _5"/>t<span class="_ _5"/>we<span class="_ _5"/>en 3 a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">10 y<span class="_ _5"/>ear<span class="_ _5"/>s<span class="_ _5"/>, ve<span class="_ _5"/>hic<span class="_ _5"/>le<span class="_ _5"/>s ha<span class="_ _5"/>ve le<span class="_ _5"/>as<span class="_ _5"/>e ter<span class="_ _5"/>m<span class="_ _5"/>s of b<span class="_ _5"/>et<span class="_ _5"/>we<span class="_ _5"/>en 5 a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">6 yea<span class="_ _5"/>r<span class="_ _5"/>s an<span class="_ _5"/>d pl<span class="_ _5"/>an<span class="_ _5"/>t an<span class="_ _5"/>d eq<span class="_ _5"/>ui<span class="_ _5"/>pm<span class="_ _5"/>en<span class="_ _5"/>t ha<span class="_ _5"/>ve le<span class="_ _5"/>as<span class="_ _5"/>e ter<span class="_ _5"/>ms o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be<span class="_ _5"/>t<span class="_ _5"/>we<span class="_ _5"/>en 3 to 1<span class="_ _5"/>0 ye<span class="_ _5"/>ar<span class="_ _5"/>s<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Generally,<span class="_ _0"/> the Group is<span class="_ _0"/> restric<span class="_ _5"/>ted from<span class="_ _0"/> assigning and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">su<span class="_ _5"/>bl<span class="_ _5"/>ea<span class="_ _5"/>si<span class="_ _5"/>ng t<span class="_ _5"/>he l<span class="_ _5"/>ea<span class="_ _5"/>se<span class="_ _5"/>d as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s. T<span class="_ _5"/>he<span class="_ _5"/>re ar<span class="_ _5"/>e sev<span class="_ _5"/>er<span class="_ _5"/>al l<span class="_ _5"/>ea<span class="_ _5"/>se </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract<span class="_ _5"/>s that inc<span class="_ _0"/>lude extension and<span class="_ _0"/> termination<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">options and<span class="_ _0"/> variable lease<span class="_ _0"/> payments. These options<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are negotiated<span class="_ _0"/> by Management<span class="_ _0"/> to provide<span class="_ _0"/> flexibilit<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in managing<span class="_ _0"/> the leased-a<span class="_ _5"/>sset port<span class="_ _5"/>folio and<span class="_ _0"/> align with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Group’<span class="_ _0"/>s business<span class="_ _0"/> needs. Management ex<span class="_ _0"/>ercises </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">judgement in det<span class="_ _0"/>ermining whether these e<span class="_ _0"/>x<span class="_ _5"/>tension </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and termi<span class="_ _0"/>nation options ar<span class="_ _0"/>e reasonably<span class="_ _0"/> certain to be<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exer<span class="_ _0"/>cised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e lea<span class="_ _5"/>se l<span class="_ _5"/>ia<span class="_ _5"/>bi<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>y i<span class="_ _5"/>s me<span class="_ _5"/>as<span class="_ _5"/>ure<span class="_ _5"/>d at a<span class="_ _5"/>mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>sed c<span class="_ _5"/>os<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">us<span class="_ _5"/>in<span class="_ _5"/>g th<span class="_ _5"/>e ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>ve i<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>st r<span class="_ _5"/>at<span class="_ _5"/>e me<span class="_ _5"/>th<span class="_ _5"/>od<span class="_ _5"/>. Th<span class="_ _5"/>e le<span class="_ _5"/>as<span class="_ _5"/>e is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">remeasured<span class="_ _0"/> when changes in<span class="_ _0"/> the underlying contrac<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tua<span class="_ _5"/>l c<span class="_ _5"/>as<span class="_ _5"/>h f<span class="_ _5"/>lo<span class="_ _5"/>ws o<span class="_ _5"/>ccu<span class="_ _5"/>r fr<span class="_ _5"/>om e.g<span class="_ _5"/>. c<span class="_ _5"/>han<span class="_ _5"/>g<span class="_ _5"/>es in a<span class="_ _5"/>n in<span class="_ _5"/>de<span class="_ _5"/>x or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a borrowing<span class="_ _0"/> rate or<span class="_ _0"/> changes in<span class="_ _0"/> determining<span class="_ _0"/> whether </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">extension and<span class="_ _0"/> termination options<span class="_ _0"/> are r<span class="_ _0"/>easonably </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cer<span class="_ _3"/>ta<span class="_ _5"/>in to b<span class="_ _5"/>e exe<span class="_ _5"/>rci<span class="_ _5"/>se<span class="_ _5"/>d<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>s ri<span class="_ _5"/>gh<span class="_ _5"/>t-<span class="_ _5"/>of<span class="_ _5"/>-<span class="_ _5"/>us<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s at t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commencement<span class="_ _0"/> date o<span class="_ _0"/>f the lease<span class="_ _0"/> (i.e.<span class="_ _0"/> the date<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">un<span class="_ _5"/>de<span class="_ _5"/>rl<span class="_ _5"/>y<span class="_ _5"/>in<span class="_ _5"/>g as<span class="_ _5"/>se<span class="_ _5"/>t is av<span class="_ _5"/>ai<span class="_ _5"/>la<span class="_ _5"/>bl<span class="_ _5"/>e fo<span class="_ _5"/>r us<span class="_ _5"/>e). R<span class="_ _5"/>ig<span class="_ _5"/>ht-<span class="_ _3"/>of-<span class="_ _5"/>u<span class="_ _5"/>se </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s are m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d at co<span class="_ _5"/>s<span class="_ _5"/>t le<span class="_ _5"/>ss a<span class="_ _5"/>ny ac<span class="_ _5"/>cum<span class="_ _5"/>ul<span class="_ _5"/>at<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciation and<span class="_ _0"/> impairment loss<span class="_ _0"/>es and adjusted<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for any<span class="_ _0"/> remeasurement<span class="_ _0"/> of leases. Subsequently<span class="_ _0"/>, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">right-of-u<span class="_ _5"/>se asset<span class="_ _0"/> is measured<span class="_ _0"/> at cost less<span class="_ _0"/> accumulat<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed depreciation<span class="_ _0"/> and impairment<span class="_ _0"/> losses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e rig<span class="_ _5"/>h<span class="_ _5"/>t-<span class="_ _5"/>of<span class="_ _5"/>-<span class="_ _5"/>us<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t is a<span class="_ _5"/>dj<span class="_ _5"/>us<span class="_ _5"/>te<span class="_ _5"/>d fo<span class="_ _5"/>r ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s in t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lease liability as<span class="_ _0"/> a consequenc<span class="_ _0"/>e of<span class="_ _0"/> changes in<span class="_ _0"/> lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ter<span class="_ _5"/>ms o<span class="_ _5"/>r ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s in t<span class="_ _5"/>he c<span class="_ _5"/>a<span class="_ _5"/>sh f<span class="_ _5"/>l<span class="_ _5"/>ow<span class="_ _5"/>s of t<span class="_ _5"/>he l<span class="_ _5"/>ea<span class="_ _5"/>se u<span class="_ _5"/>po<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in<span class="_ _0"/> an inde<span class="_ _0"/>x or a<span class="_ _0"/> borrowing rat<span class="_ _0"/>e.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Right-of-use assets are depreciated<span class="_ _0"/> on a straight-line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ba<span class="_ _5"/>si<span class="_ _5"/>s ove<span class="_ _5"/>r th<span class="_ _5"/>e sh<span class="_ _5"/>or<span class="_ _5"/>t<span class="_ _5"/>er o<span class="_ _5"/>f th<span class="_ _5"/>e le<span class="_ _5"/>as<span class="_ _5"/>e ter<span class="_ _5"/>m an<span class="_ _5"/>d t<span class="_ _5"/>he es<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ma<span class="_ _5"/>ted u<span class="_ _5"/>se<span class="_ _5"/>fu<span class="_ _5"/>l li<span class="_ _5"/>ve<span class="_ _5"/>s of t<span class="_ _5"/>he a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s<span class="_ _5"/>, as f<span class="_ _5"/>ol<span class="_ _5"/>lo<span class="_ _5"/>ws:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pro<span class="_ _5"/>pe<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _3"/>y: <span class="_ _161"> </span>3<span class="_ _5"/>-1<span class="_ _5"/>0 ye<span class="_ _5"/>ar<span class="_ _5"/>s</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">V<span class="_ _0"/>ehicles: <span class="_ _1ed"> </span>5<span class="_ _5"/>-6 years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Plant and<span class="_ _0"/> equipment <span class="_ _bb"> </span>3<span class="_ _5"/>-10 years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> presents lease assets and lease<span class="_ _0"/> liabilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">separately in<span class="_ _0"/> the balance sheet.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> also has c<span class="_ _0"/>er<span class="_ _5"/>tain leases o<span class="_ _0"/>f other equipment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wi<span class="_ _5"/>t<span class="_ _5"/>h le<span class="_ _5"/>ase t<span class="_ _5"/>er<span class="_ _5"/>ms o<span class="_ _5"/>f 12 mo<span class="_ _5"/>nt<span class="_ _5"/>h<span class="_ _5"/>s or l<span class="_ _5"/>es<span class="_ _5"/>s an<span class="_ _5"/>d le<span class="_ _5"/>as<span class="_ _5"/>es of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">off<span class="_ _5"/>ice equipment with low<span class="_ _0"/> value. T<span class="_ _0"/>he Group applies<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the short-term lease<span class="_ _0"/> and lease<span class="_ _0"/> of low-value<span class="_ _0"/> assets’ </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognition e<span class="_ _0"/>xemptions f<span class="_ _0"/>or these leas<span class="_ _0"/>es.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="ff6 fs1 fc1 ls4d ws50">Note 5<span class="_ _5"/>.<span class="_ _5"/>8<span class="_ _5"/></span><span class="fs1 ls3e ws3e"> <span class="_ _5c"> </span>Ac<span class="_ _5"/>countin<span class="_ _5"/>g p<span class="_ _5"/>olicies<span class="_ _5"/> related to fundin<span class="_ _5"/>g </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and capital struc<span class="_ _0"/>tur<span class="_ _0"/>e not<span class="_ _1"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Equit<span class="_ _5"/>y</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dividends</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e exp<span class="_ _5"/>ec<span class="_ _3"/>ted d<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>nd p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt f<span class="_ _5"/>or t<span class="_ _5"/>he y<span class="_ _5"/>ea<span class="_ _5"/>r is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">di<span class="_ _5"/>sc<span class="_ _5"/>lo<span class="_ _5"/>sed a<span class="_ _5"/>s a se<span class="_ _5"/>pa<span class="_ _5"/>ra<span class="_ _5"/>te i<span class="_ _5"/>te<span class="_ _5"/>m in e<span class="_ _5"/>qu<span class="_ _5"/>it<span class="_ _5"/>y. Pro<span class="_ _5"/>p<span class="_ _5"/>ose<span class="_ _5"/>d di<span class="_ _5"/>v<span class="_ _5"/>i<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">de<span class="_ _5"/>nd<span class="_ _5"/>s are r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as a l<span class="_ _5"/>iab<span class="_ _5"/>il<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>y at t<span class="_ _5"/>he d<span class="_ _5"/>at<span class="_ _5"/>e th<span class="_ _5"/>ey a<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adopted by<span class="_ _0"/> the Annual General Meeting (<span class="_ _0"/>declaration </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign currency translation reser<span class="_ _5"/>ve</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The reserve c<span class="_ _0"/>omprises currency translation adjust<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ments arising on the<span class="_ _0"/> translation of financial state<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ments of foreign<span class="_ _0"/> subsidiaries fr<span class="_ _0"/>om their functional </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currencies<span class="_ _0"/> into the presentation<span class="_ _0"/> currency used by<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">HusCompagniet.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> income and e<span class="_ _0"/>xpenses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial inc<span class="_ _0"/>ome and expenses<span class="_ _0"/> comprise inter<span class="_ _0"/>est </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income and<span class="_ _0"/> expenses, including int<span class="_ _0"/>erest on leases,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of<span class="_ _0"/> permanent loan facilities, gains<span class="_ _0"/> and losses<span class="_ _0"/> on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">securities, rec<span class="_ _0"/>eivables, payables<span class="_ _0"/> and transactions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">denominated<span class="_ _0"/> in foreign<span class="_ _0"/> currencies,<span class="_ _0"/> amort<span class="_ _5"/>isation of<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets and liabilities, etc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fi<span class="_ _5"/>na<span class="_ _5"/>nci<span class="_ _5"/>al a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s a<span class="_ _5"/>re m<span class="_ _5"/>ea<span class="_ _5"/>sur<span class="_ _5"/>ed a<span class="_ _5"/>t am<span class="_ _5"/>or<span class="_ _3"/>ti<span class="_ _5"/>se<span class="_ _5"/>d cos<span class="_ _5"/>t<span class="_ _5"/>. T<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group determines<span class="_ _0"/> the classification of its financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s at i<span class="_ _5"/>ni<span class="_ _5"/>ti<span class="_ _5"/>al re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>it<span class="_ _5"/>io<span class="_ _5"/>n<span class="_ _5"/>. Al<span class="_ _5"/>l f<span class="_ _5"/>in<span class="_ _5"/>an<span class="_ _5"/>ci<span class="_ _5"/>al a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s a<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in<span class="_ _5"/>it<span class="_ _5"/>ia<span class="_ _5"/>ll<span class="_ _5"/>y at f<span class="_ _5"/>a<span class="_ _5"/>ir va<span class="_ _5"/>lu<span class="_ _5"/>e p<span class="_ _5"/>lu<span class="_ _5"/>s, i<span class="_ _5"/>n th<span class="_ _5"/>e ca<span class="_ _5"/>se o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s not a<span class="_ _5"/>t f<span class="_ _5"/>ai<span class="_ _5"/>r va<span class="_ _5"/>lue t<span class="_ _5"/>h<span class="_ _5"/>rou<span class="_ _5"/>gh p<span class="_ _5"/>ro<span class="_ _5"/>f<span class="_ _5"/>it o<span class="_ _5"/>r l<span class="_ _5"/>os<span class="_ _5"/>s, d<span class="_ _5"/>ire<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>l<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">attribu<span class="_ _5"/>table transaction costs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All financial liabilities are<span class="_ _0"/> recognised in<span class="_ _0"/>itially at fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value and,<span class="_ _0"/> in the case<span class="_ _0"/> of loans<span class="_ _0"/> and borro<span class="_ _0"/>wings, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">carried at<span class="_ _0"/> amor<span class="_ _5"/>tised cost. This<span class="_ _0"/> includes directly attrib<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">utable transaction costs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> financial liabilities comprise<span class="_ _0"/> trade paya<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bles, borrowings<span class="_ _0"/> and other p<span class="_ _0"/>ayables.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 6<span class="_ _5"/>.<span class="_ _5"/>8</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _183"> </span>Acc<span class="_ _5"/>ounting<span class="_ _5"/> pol<span class="_ _5"/>icies<span class="_ _5"/> relat<span class="_ _0"/>ed<span class="_ _5"/> t<span class="_ _0"/>o <span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">O<span class="_ _5"/>ther<span class="_ _5"/> disclo<span class="_ _5"/>sures</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Curr<span class="_ _5"/>en<span class="_ _5"/>t inco<span class="_ _5"/>me t<span class="_ _5"/>ax</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e par<span class="_ _5"/>en<span class="_ _5"/>t co<span class="_ _5"/>mp<span class="_ _5"/>any i<span class="_ _5"/>s jo<span class="_ _5"/>in<span class="_ _5"/>tl<span class="_ _5"/>y t<span class="_ _5"/>ax<span class="_ _5"/>ed w<span class="_ _5"/>it<span class="_ _5"/>h al<span class="_ _5"/>l Da<span class="_ _5"/>ni<span class="_ _5"/>sh </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiaries. The<span class="_ _0"/> current Danish<span class="_ _0"/> income tax is<span class="_ _0"/> allocat<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed b<span class="_ _5"/>et<span class="_ _5"/>w<span class="_ _5"/>ee<span class="_ _5"/>n th<span class="_ _5"/>e jo<span class="_ _5"/>in<span class="_ _5"/>tl<span class="_ _5"/>y<span class="_ _5"/>-<span class="_ _5"/>ta<span class="_ _5"/>xed c<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>nie<span class="_ _5"/>s in p<span class="_ _5"/>ro<span class="_ _5"/>po<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to their<span class="_ _0"/> taxable income.<span class="_ _0"/> The jointly-taxed companies<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are taxed<span class="_ _0"/> under the on-account tax<span class="_ _0"/> scheme.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>ax fo<span class="_ _5"/>r t<span class="_ _5"/>he ye<span class="_ _5"/>ar co<span class="_ _5"/>mp<span class="_ _5"/>ri<span class="_ _5"/>se<span class="_ _5"/>s cu<span class="_ _5"/>rr<span class="_ _5"/>en<span class="_ _5"/>t ta<span class="_ _5"/>x an<span class="_ _5"/>d ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in d<span class="_ _5"/>efe<span class="_ _5"/>rr<span class="_ _5"/>ed t<span class="_ _5"/>ax f<span class="_ _5"/>or t<span class="_ _5"/>he y<span class="_ _5"/>ea<span class="_ _5"/>r. The ta<span class="_ _5"/>x ex<span class="_ _5"/>pe<span class="_ _5"/>ns<span class="_ _5"/>e re<span class="_ _5"/>la<span class="_ _5"/>ti<span class="_ _5"/>ng </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to t<span class="_ _5"/>he p<span class="_ _5"/>rof<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _3"/>/(l<span class="_ _5"/>os<span class="_ _5"/>s) fo<span class="_ _5"/>r th<span class="_ _5"/>e yea<span class="_ _5"/>r i<span class="_ _5"/>s rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement, and the<span class="_ _0"/> tax expense r<span class="_ _0"/>elating to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounts recognised in<span class="_ _0"/> other comprehensive<span class="_ _0"/> income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is recognised<span class="_ _0"/> in other c<span class="_ _0"/>omprehensive income<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Current tax pa<span class="_ _0"/>yable is rec<span class="_ _0"/>ognised in curr<span class="_ _0"/>ent liabilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and deferred<span class="_ _0"/> tax is r<span class="_ _0"/>ecognised in non-current liabil<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">it<span class="_ _5"/>ie<span class="_ _5"/>s. Tax rec<span class="_ _5"/>ei<span class="_ _5"/>va<span class="_ _5"/>bl<span class="_ _5"/>e is r<span class="_ _5"/>eco<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed i<span class="_ _5"/>n cu<span class="_ _5"/>rr<span class="_ _5"/>en<span class="_ _5"/>t as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d de<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s ar<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in n<span class="_ _5"/>on<span class="_ _5"/>-<span class="_ _5"/>c<span class="_ _5"/>ur<span class="_ _5"/>re<span class="_ _5"/>nt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>fer<span class="_ _5"/>red t<span class="_ _5"/>ax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Current tax pa<span class="_ _0"/>yable and rec<span class="_ _0"/>eivable is recognised<span class="_ _0"/> in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ba<span class="_ _5"/>la<span class="_ _5"/>nce s<span class="_ _5"/>he<span class="_ _5"/>et a<span class="_ _5"/>s ta<span class="_ _5"/>x co<span class="_ _5"/>mp<span class="_ _5"/>u<span class="_ _5"/>ted o<span class="_ _5"/>n th<span class="_ _5"/>e t<span class="_ _5"/>axa<span class="_ _5"/>b<span class="_ _5"/>le </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>com<span class="_ _5"/>e fo<span class="_ _5"/>r th<span class="_ _5"/>e yea<span class="_ _5"/>r, adj<span class="_ _5"/>us<span class="_ _5"/>te<span class="_ _5"/>d fo<span class="_ _5"/>r ta<span class="_ _5"/>x on t<span class="_ _5"/>h<span class="_ _5"/>e ta<span class="_ _5"/>xa<span class="_ _5"/>bl<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>com<span class="_ _5"/>e of p<span class="_ _5"/>ri<span class="_ _5"/>or ye<span class="_ _5"/>ar<span class="_ _5"/>s a<span class="_ _5"/>nd fo<span class="_ _5"/>r t<span class="_ _5"/>ax p<span class="_ _5"/>ai<span class="_ _5"/>d on a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred tax<span class="_ _0"/> is measured<span class="_ _0"/> using the balance<span class="_ _0"/> sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liability method on all t<span class="_ _0"/>emporar<span class="_ _5"/>y differences between </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ca<span class="_ _5"/>rr<span class="_ _3"/>yi<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t an<span class="_ _5"/>d t<span class="_ _5"/>he t<span class="_ _5"/>ax b<span class="_ _5"/>as<span class="_ _5"/>e of a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities. Where alternative<span class="_ _0"/> tax rules can<span class="_ _0"/> be applied </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to de<span class="_ _5"/>te<span class="_ _5"/>rm<span class="_ _5"/>in<span class="_ _5"/>e th<span class="_ _5"/>e ta<span class="_ _5"/>x ba<span class="_ _5"/>se<span class="_ _5"/>, def<span class="_ _5"/>er<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x is m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>he p<span class="_ _5"/>la<span class="_ _5"/>nn<span class="_ _5"/>ed u<span class="_ _5"/>se o<span class="_ _5"/>f th<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t or s<span class="_ _5"/>et<span class="_ _5"/>t<span class="_ _5"/>l<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the<span class="_ _0"/> liabilit<span class="_ _5"/>y<span class="_ _0"/>, respectively.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>, inc<span class="_ _5"/>lu<span class="_ _5"/>di<span class="_ _5"/>ng t<span class="_ _5"/>h<span class="_ _5"/>e ta<span class="_ _5"/>x ba<span class="_ _5"/>se o<span class="_ _5"/>f ta<span class="_ _5"/>x lo<span class="_ _5"/>ss </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>rr<span class="_ _3"/>y-<span class="_ _5"/>fo<span class="_ _5"/>r<span class="_ _5"/>w<span class="_ _5"/>ard<span class="_ _5"/>s<span class="_ _5"/>, are m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d at t<span class="_ _5"/>he ex<span class="_ _5"/>p<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>ed v<span class="_ _5"/>al<span class="_ _5"/>ue </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of t<span class="_ _5"/>he<span class="_ _5"/>ir u<span class="_ _5"/>ti<span class="_ _5"/>li<span class="_ _5"/>sa<span class="_ _5"/>t<span class="_ _5"/>ion<span class="_ _5"/>; ei<span class="_ _5"/>th<span class="_ _5"/>er a<span class="_ _5"/>s a se<span class="_ _5"/>t-<span class="_ _5"/>of<span class="_ _3"/>f ag<span class="_ _5"/>ai<span class="_ _5"/>ns<span class="_ _5"/>t t<span class="_ _5"/>ax o<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fu<span class="_ _5"/>tu<span class="_ _5"/>re in<span class="_ _5"/>co<span class="_ _5"/>me o<span class="_ _5"/>r as a s<span class="_ _5"/>et-<span class="_ _3"/>of<span class="_ _5"/>f a<span class="_ _5"/>ga<span class="_ _5"/>in<span class="_ _5"/>st d<span class="_ _5"/>ef<span class="_ _5"/>er<span class="_ _5"/>red t<span class="_ _5"/>a<span class="_ _5"/>x </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities in the<span class="_ _0"/> same legal tax entity.<span class="_ _0"/> Any deferr<span class="_ _0"/>ed net </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets are me<span class="_ _0"/>asured at<span class="_ _0"/> net realisable<span class="_ _0"/> values. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x is m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d acc<span class="_ _5"/>ord<span class="_ _5"/>in<span class="_ _5"/>g to t<span class="_ _5"/>he t<span class="_ _5"/>a<span class="_ _5"/>x ru<span class="_ _5"/>le<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and at<span class="_ _0"/> the tax rates<span class="_ _0"/> applicable at the balance<span class="_ _0"/> sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">da<span class="_ _5"/>te wh<span class="_ _5"/>en t<span class="_ _5"/>h<span class="_ _5"/>e de<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x is e<span class="_ _5"/>xp<span class="_ _5"/>ec<span class="_ _3"/>ted t<span class="_ _5"/>o cr<span class="_ _5"/>y<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>al<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">li<span class="_ _5"/>se a<span class="_ _5"/>s cur<span class="_ _5"/>re<span class="_ _5"/>nt t<span class="_ _5"/>a<span class="_ _5"/>x. C<span class="_ _5"/>ha<span class="_ _5"/>ng<span class="_ _5"/>es i<span class="_ _5"/>n de<span class="_ _5"/>fe<span class="_ _5"/>rre<span class="_ _5"/>d ta<span class="_ _5"/>x d<span class="_ _5"/>ue to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s in t<span class="_ _5"/>he t<span class="_ _5"/>ax r<span class="_ _5"/>at<span class="_ _5"/>e are r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>ni<span class="_ _5"/>sed i<span class="_ _5"/>n t<span class="_ _5"/>he i<span class="_ _5"/>nco<span class="_ _5"/>me </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Unce<span class="_ _5"/>r<span class="_ _5"/>ta<span class="_ _5"/>in ta<span class="_ _5"/>x po<span class="_ _5"/>sit<span class="_ _5"/>io<span class="_ _5"/>ns </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions and<span class="_ _0"/> liabilities from unc<span class="_ _0"/>er<span class="_ _5"/>tain tax positions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are r<span class="_ _0"/>ecognised in the<span class="_ _0"/> balance sheet<span class="_ _0"/> when a ruling<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exi<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s du<span class="_ _5"/>e to a<span class="_ _5"/>n eve<span class="_ _5"/>nt t<span class="_ _5"/>ha<span class="_ _5"/>t ha<span class="_ _5"/>s occ<span class="_ _5"/>ur<span class="_ _5"/>re<span class="_ _5"/>d an<span class="_ _5"/>d it i<span class="_ _5"/>s mo<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pro<span class="_ _5"/>ba<span class="_ _5"/>b<span class="_ _5"/>le t<span class="_ _5"/>ha<span class="_ _5"/>n no<span class="_ _5"/>t<span class="_ _5"/>, th<span class="_ _5"/>at a<span class="_ _5"/>n ou<span class="_ _5"/>t<span class="_ _5"/>f<span class="_ _5"/>lo<span class="_ _5"/>w of re<span class="_ _5"/>so<span class="_ _5"/>ur<span class="_ _5"/>ces w<span class="_ _5"/>il<span class="_ _5"/>l be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">required<span class="_ _0"/> to settle the c<span class="_ _0"/>ommitment. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Un<span class="_ _5"/>cer<span class="_ _3"/>ta<span class="_ _5"/>in t<span class="_ _5"/>ax p<span class="_ _5"/>os<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>s are a<span class="_ _5"/>s<span class="_ _5"/>ses<span class="_ _5"/>se<span class="_ _5"/>d on a c<span class="_ _5"/>a<span class="_ _5"/>se<span class="_ _5"/>-<span class="_ _5"/>by<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>se b<span class="_ _5"/>as<span class="_ _5"/>is a<span class="_ _5"/>nd p<span class="_ _5"/>rov<span class="_ _5"/>i<span class="_ _5"/>sio<span class="_ _5"/>n fo<span class="_ _5"/>r th<span class="_ _5"/>es<span class="_ _5"/>e is r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>nis<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at either the<span class="_ _0"/> calculated weighted<span class="_ _0"/> average<span class="_ _0"/> value or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acco<span class="_ _5"/>rd<span class="_ _5"/>in<span class="_ _5"/>g to w<span class="_ _5"/>ha<span class="_ _5"/>t is a<span class="_ _5"/>ss<span class="_ _5"/>es<span class="_ _5"/>se<span class="_ _5"/>d to b<span class="_ _5"/>e th<span class="_ _5"/>e mo<span class="_ _5"/>s<span class="_ _5"/>t li<span class="_ _5"/>kel<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outco<span class="_ _5"/>me.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 1<span class="_ _3"/>.<span class="_ _0"/>1<span class="ff48 fc0 ls48 wsb4"> <span class="_ _5c"> </span>Mat<span class="_ _0"/>eri<span class="_ _0"/>al accoun<span class="_ _0"/>tin<span class="_ _0"/>g polic<span class="_ _0"/>y inf<span class="_ _0"/>ormat<span class="_ _0"/>ion</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Change in<span class="_ _0"/> presentation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A<span class="_ _5"/>s of 2025, t<span class="_ _5"/>he G<span class="_ _5"/>r<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s cha<span class="_ _5"/>ng<span class="_ _5"/>e<span class="_ _5"/>d th<span class="_ _5"/>e pr<span class="_ _5"/>ese<span class="_ _5"/>nt<span class="_ _5"/>a<span class="_ _5"/>ti<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of co<span class="_ _5"/>st f<span class="_ _5"/>or h<span class="_ _5"/>ou<span class="_ _5"/>rl<span class="_ _5"/>y wo<span class="_ _5"/>rke<span class="_ _5"/>r<span class="_ _5"/>s rel<span class="_ _5"/>at<span class="_ _5"/>ed to p<span class="_ _5"/>ro<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be i<span class="_ _5"/>nc<span class="_ _5"/>lu<span class="_ _5"/>de<span class="_ _5"/>d un<span class="_ _5"/>de<span class="_ _5"/>r cos<span class="_ _5"/>t o<span class="_ _5"/>f sa<span class="_ _5"/>le<span class="_ _5"/>s pre<span class="_ _5"/>vi<span class="_ _5"/>ou<span class="_ _5"/>sl<span class="_ _5"/>y co<span class="_ _5"/>st w<span class="_ _5"/>as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>clu<span class="_ _5"/>d<span class="_ _5"/>e in s<span class="_ _5"/>ta<span class="_ _5"/>f<span class="_ _5"/>f co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The change<span class="_ _0"/> relates t<span class="_ _0"/>o the hourly w<span class="_ _0"/>orkers at the<span class="_ _0"/> facto<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ri<span class="_ _5"/>es in E<span class="_ _5"/>s<span class="_ _5"/>bj<span class="_ _5"/>erg a<span class="_ _5"/>nd S<span class="_ _5"/>we<span class="_ _5"/>de<span class="_ _5"/>n.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A<span class="_ _5"/>s a res<span class="_ _5"/>ul<span class="_ _5"/>t<span class="_ _5"/>, th<span class="_ _5"/>e co<span class="_ _5"/>st o<span class="_ _5"/>f sa<span class="_ _5"/>le<span class="_ _5"/>s in<span class="_ _5"/>cre<span class="_ _5"/>as<span class="_ _5"/>ed w<span class="_ _5"/>i<span class="_ _5"/>th D<span class="_ _5"/>K<span class="_ _5"/>K 57 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mi<span class="_ _5"/>ll<span class="_ _5"/>ion (<span class="_ _5"/>2024: DK<span class="_ _5"/>K 33 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on) f<span class="_ _5"/>ro<span class="_ _5"/>m DK<span class="_ _5"/>K 2,<span class="_ _5"/>412 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to DK<span class="_ _5"/>K 2,<span class="_ _5"/>46<span class="_ _5"/>9 mi<span class="_ _5"/>ll<span class="_ _5"/>ion (<span class="_ _5"/>2024: DK<span class="_ _5"/>K 1<span class="_ _5"/>,789 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on to D<span class="_ _5"/>K<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1,<span class="_ _5"/>82<span class="_ _5"/>2 mi<span class="_ _5"/>lli<span class="_ _5"/>on) a<span class="_ _5"/>nd t<span class="_ _5"/>h<span class="_ _5"/>e st<span class="_ _5"/>a<span class="_ _5"/>f<span class="_ _5"/>f cos<span class="_ _5"/>t d<span class="_ _5"/>ec<span class="_ _5"/>re<span class="_ _5"/>ase<span class="_ _5"/>d f<span class="_ _5"/>rom D<span class="_ _5"/>K<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">359 m<span class="_ _5"/>ill<span class="_ _5"/>io<span class="_ _5"/>n to D<span class="_ _5"/>KK 3<span class="_ _5"/>03 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on (<span class="_ _5"/>2024: DKK 2<span class="_ _5"/>98 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to DK<span class="_ _5"/>K 265 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on)<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The change<span class="_ _0"/> reflect<span class="_ _5"/>s Management’s assessment<span class="_ _0"/> that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e in<span class="_ _5"/>cl<span class="_ _5"/>us<span class="_ _5"/>io<span class="_ _5"/>n un<span class="_ _5"/>de<span class="_ _5"/>r cos<span class="_ _5"/>t of s<span class="_ _5"/>al<span class="_ _5"/>es r<span class="_ _5"/>ef<span class="_ _5"/>l<span class="_ _5"/>ec<span class="_ _5"/>t b<span class="_ _5"/>es<span class="_ _5"/>t t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">underlying production acti<span class="_ _5"/>vities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Co<span class="_ _5"/>mp<span class="_ _5"/>ar<span class="_ _5"/>at<span class="_ _5"/>i<span class="_ _5"/>ve f<span class="_ _5"/>i<span class="_ _5"/>gur<span class="_ _5"/>es h<span class="_ _5"/>ave b<span class="_ _5"/>ee<span class="_ _5"/>n re<span class="_ _5"/>st<span class="_ _5"/>at<span class="_ _5"/>ed f<span class="_ _5"/>or 2025 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and 20<span class="_ _0"/>2<span class="_ _0"/>4 ac<span class="_ _0"/>cordingly to<span class="_ _0"/> ensure consistency and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comparability, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EB<span class="_ _5"/>IT<span class="_ _5"/>DA<span class="_ _5"/>, n<span class="_ _5"/>et p<span class="_ _5"/>rof<span class="_ _5"/>i<span class="_ _5"/>t an<span class="_ _5"/>d ea<span class="_ _5"/>rn<span class="_ _5"/>in<span class="_ _5"/>gs p<span class="_ _5"/>e<span class="_ _5"/>r sh<span class="_ _5"/>are a<span class="_ _5"/>re no<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impacted by the<span class="_ _0"/> change in presentation. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis of preparation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e An<span class="_ _5"/>nu<span class="_ _5"/>al re<span class="_ _5"/>p<span class="_ _5"/>or<span class="_ _5"/>t f<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d 1 Ja<span class="_ _5"/>na<span class="_ _5"/>ur<span class="_ _3"/>y - 31 D<span class="_ _5"/>e<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cem<span class="_ _5"/>be<span class="_ _5"/>r 2025 wi<span class="_ _5"/>t<span class="_ _5"/>h com<span class="_ _5"/>pa<span class="_ _5"/>ra<span class="_ _5"/>t<span class="_ _5"/>iv<span class="_ _5"/>e f<span class="_ _5"/>ig<span class="_ _5"/>ure<span class="_ _5"/>s co<span class="_ _5"/>mp<span class="_ _5"/>ri<span class="_ _5"/>se t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated financial statements of<span class="_ _0"/> HusCompagniet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A<span class="_ _5"/>/S (the parent<span class="_ _0"/> company) and<span class="_ _0"/> its subsidiaries (the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements of the Group<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ha<span class="_ _5"/>s be<span class="_ _5"/>en p<span class="_ _5"/>re<span class="_ _5"/>pa<span class="_ _5"/>red o<span class="_ _5"/>n a go<span class="_ _5"/>in<span class="_ _5"/>g co<span class="_ _5"/>nce<span class="_ _5"/>rn b<span class="_ _5"/>as<span class="_ _5"/>is a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in acc<span class="_ _0"/>ordance with IFRS®<span class="_ _0"/> Accounting Standards<span class="_ _0"/> as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ad<span class="_ _5"/>op<span class="_ _5"/>ted b<span class="_ _5"/>y th<span class="_ _5"/>e EU a<span class="_ _5"/>nd a<span class="_ _5"/>dd<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>al re<span class="_ _5"/>qu<span class="_ _5"/>ir<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Danish Financial<span class="_ _0"/> Statements Act applying to class<span class="_ _0"/> D </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">companies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements have been<span class="_ _0"/> pre<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pa<span class="_ _5"/>red o<span class="_ _5"/>n a hi<span class="_ _5"/>s<span class="_ _5"/>tor<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>l cos<span class="_ _5"/>t ba<span class="_ _5"/>si<span class="_ _5"/>s<span class="_ _5"/>, exce<span class="_ _5"/>pt w<span class="_ _5"/>he<span class="_ _5"/>n no<span class="_ _5"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other<span class="_ _5"/>wise in the<span class="_ _0"/> various acc<span class="_ _0"/>ounting policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These c<span class="_ _0"/>onsolidated financial statements are e<span class="_ _0"/>x<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _5"/>ss<span class="_ _5"/>ed i<span class="_ _5"/>n D<span class="_ _5"/>KK<span class="_ _5"/>, a<span class="_ _5"/>s it i<span class="_ _5"/>s Hu<span class="_ _5"/>sC<span class="_ _5"/>o<span class="_ _5"/>mp<span class="_ _5"/>ag<span class="_ _5"/>nie<span class="_ _5"/>t A<span class="_ _3"/>/S’ f<span class="_ _5"/>un<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">al and<span class="_ _0"/> presentation currency<span class="_ _0"/>. All values<span class="_ _0"/> are rounded<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to t<span class="_ _5"/>he ne<span class="_ _5"/>ar<span class="_ _5"/>es<span class="_ _5"/>t D<span class="_ _5"/>KK‘<span class="_ _5"/>0<span class="_ _5"/>00.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Applying materialit<span class="_ _5"/>y</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The financial statements are<span class="_ _0"/> a result o<span class="_ _0"/>f processing<span class="_ _0"/> a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">large number<span class="_ _0"/> of transactions and aggr<span class="_ _0"/>egating those </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transac<span class="_ _5"/>tions into<span class="_ _0"/> classes according<span class="_ _0"/> to their<span class="_ _0"/> nature.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When aggregated,<span class="_ _0"/> the transac<span class="_ _5"/>tions are<span class="_ _0"/> presented in<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">classes of<span class="_ _0"/> similar items<span class="_ _0"/> in the financial statements. If </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a line<span class="_ _0"/> item is not<span class="_ _0"/> individually material, it<span class="_ _0"/> is aggregated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with other items<span class="_ _0"/> of similar n<span class="_ _0"/>ature in<span class="_ _0"/> the financial state<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt<span class="_ _5"/>s o<span class="_ _5"/>r in t<span class="_ _5"/>he n<span class="_ _5"/>ote<span class="_ _5"/>s. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">There ar<span class="_ _0"/>e substantial disclouse requirements </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">throughout IFRS. Management pro<span class="_ _0"/>vides specific </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosures r<span class="_ _0"/>equired by<span class="_ _0"/> IFRS unless the inf<span class="_ _0"/>ormation is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considered<span class="_ _0"/> immaterial<span class="_ _0"/> to the<span class="_ _0"/> economic decision-mak<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g of t<span class="_ _5"/>he u<span class="_ _5"/>se<span class="_ _5"/>rs o<span class="_ _5"/>f th<span class="_ _5"/>e f<span class="_ _5"/>i<span class="_ _5"/>nac<span class="_ _5"/>ia<span class="_ _5"/>l s<span class="_ _5"/>ta<span class="_ _5"/>tem<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s o<span class="_ _5"/>r not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">applicable.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis of c<span class="_ _0"/>onsolidation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements comprise the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">parent c<span class="_ _0"/>ompany<span class="_ _0"/>, HusCompagniet A/S, and entities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>t<span class="_ _5"/>rol<span class="_ _5"/>le<span class="_ _5"/>d by H<span class="_ _5"/>us<span class="_ _5"/>Co<span class="_ _5"/>mp<span class="_ _5"/>ag<span class="_ _5"/>ni<span class="_ _5"/>et A<span class="_ _3"/>/S<span class="_ _5"/>. C<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ol ex<span class="_ _5"/>i<span class="_ _5"/>st<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">when HusCompagniet A/S holds or has<span class="_ _0"/> the ability,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">di<span class="_ _5"/>rec<span class="_ _3"/>tl<span class="_ _5"/>y or i<span class="_ _5"/>nd<span class="_ _5"/>ir<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>l<span class="_ _5"/>y, to exerc<span class="_ _5"/>is<span class="_ _5"/>e mo<span class="_ _5"/>re t<span class="_ _5"/>ha<span class="_ _5"/>n 50<span class="_ _5"/>% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of t<span class="_ _5"/>he vo<span class="_ _5"/>ti<span class="_ _5"/>ng r<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _3"/>s or ot<span class="_ _5"/>h<span class="_ _5"/>er<span class="_ _5"/>w<span class="_ _5"/>i<span class="_ _5"/>se ha<span class="_ _5"/>s co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>l of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiary in question. The financial statements of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiaries are<span class="_ _0"/> included in<span class="_ _0"/> the consolidated<span class="_ _0"/> f<span class="_ _5"/>inancial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements from the<span class="_ _0"/> date on<span class="_ _0"/> which control<span class="_ _0"/> commenc<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es u<span class="_ _5"/>nt<span class="_ _5"/>il t<span class="_ _5"/>he d<span class="_ _5"/>at<span class="_ _5"/>e on w<span class="_ _5"/>hi<span class="_ _5"/>ch co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>l ce<span class="_ _5"/>as<span class="_ _5"/>es<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The financial statements of the<span class="_ _0"/> subsidiaries are<span class="_ _0"/> pre<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pared for<span class="_ _0"/> the same financial r<span class="_ _0"/>epor<span class="_ _5"/>ting period as that<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of HusCompagniet A/S using c<span class="_ _0"/>onsistent accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On consolidation, intragroup<span class="_ _0"/> balances and<span class="_ _0"/> intragroup </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transac<span class="_ _5"/>tions are<span class="_ _0"/> eliminated in<span class="_ _0"/> full.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These c<span class="_ _0"/>onsolidated financial statements comprises </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial statements of HusCompagniet A/S and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">its subsidiar<span class="_ _5"/>y companies,<span class="_ _0"/> which are<span class="_ _0"/> listed in not<span class="_ _0"/>e 6.6.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign currency translation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>ransactions and balances</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign currency transactions are initially<span class="_ _0"/> recorded </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by the<span class="_ _0"/> Group entities at their<span class="_ _0"/> respect<span class="_ _5"/>ive functional </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currency rates<span class="_ _0"/> at the<span class="_ _0"/> date of<span class="_ _0"/> the transaction.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Monetar<span class="_ _5"/>y assets and liabilities denominat<span class="_ _0"/>ed in f<span class="_ _0"/>oreign </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currencies<span class="_ _0"/> are translated at<span class="_ _0"/> the functional currency </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">spot rate<span class="_ _0"/> of e<span class="_ _0"/>xchange<span class="_ _0"/> at the re<span class="_ _0"/>por<span class="_ _5"/>ting date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All differences are<span class="_ _0"/> recognised in<span class="_ _0"/> the income<span class="_ _0"/> state<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment under financial it<span class="_ _0"/>ems. Non-<span class="_ _5"/>monetar<span class="_ _5"/>y items that<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d in te<span class="_ _5"/>rm<span class="_ _5"/>s of h<span class="_ _5"/>is<span class="_ _5"/>to<span class="_ _5"/>ri<span class="_ _5"/>ca<span class="_ _5"/>l cos<span class="_ _5"/>t i<span class="_ _5"/>n a fo<span class="_ _5"/>rei<span class="_ _5"/>gn </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currency are<span class="_ _0"/> translated using the e<span class="_ _0"/>xchange rat<span class="_ _0"/>es at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the dates<span class="_ _0"/> of the initial<span class="_ _0"/> transac<span class="_ _5"/>tions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group companies<span class="_ _0"/><span class="fc1 ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On consolidation, the<span class="_ _0"/> assets and liabilities of<span class="_ _0"/> foreign </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns a<span class="_ _5"/>re t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>la<span class="_ _5"/>te<span class="_ _5"/>d in<span class="_ _5"/>to D<span class="_ _5"/>KK a<span class="_ _5"/>t th<span class="_ _5"/>e sp<span class="_ _5"/>ot r<span class="_ _5"/>at<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of e<span class="_ _0"/>xchange at<span class="_ _0"/> the reporting date<span class="_ _0"/> and their<span class="_ _0"/> income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">st<span class="_ _5"/>a<span class="_ _5"/>tem<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s ar<span class="_ _5"/>e tr<span class="_ _5"/>an<span class="_ _5"/>sl<span class="_ _5"/>at<span class="_ _5"/>ed a<span class="_ _5"/>t th<span class="_ _5"/>e sp<span class="_ _5"/>ot ex<span class="_ _5"/>cha<span class="_ _5"/>ng<span class="_ _5"/>e r<span class="_ _5"/>ate<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the<span class="_ _0"/> dates of<span class="_ _0"/> the transactions. An average<span class="_ _0"/> exch<span class="_ _0"/>ange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ra<span class="_ _5"/>te fo<span class="_ _5"/>r ea<span class="_ _5"/>ch m<span class="_ _5"/>on<span class="_ _5"/>th i<span class="_ _5"/>s us<span class="_ _5"/>ed a<span class="_ _5"/>s t<span class="_ _5"/>he exc<span class="_ _5"/>ha<span class="_ _5"/>ng<span class="_ _5"/>e ra<span class="_ _5"/>te </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at t<span class="_ _5"/>he t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>ac<span class="_ _3"/>ti<span class="_ _5"/>on d<span class="_ _5"/>ate t<span class="_ _5"/>o th<span class="_ _5"/>e ex<span class="_ _5"/>t<span class="_ _5"/>en<span class="_ _5"/>t th<span class="_ _5"/>at t<span class="_ _5"/>hi<span class="_ _5"/>s do<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not g<span class="_ _5"/>i<span class="_ _5"/>ve a si<span class="_ _5"/>gn<span class="_ _5"/>if<span class="_ _3"/>ica<span class="_ _5"/>n<span class="_ _5"/>tl<span class="_ _5"/>y di<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>ere<span class="_ _5"/>nt v<span class="_ _5"/>i<span class="_ _5"/>ew. Ex<span class="_ _5"/>cha<span class="_ _5"/>ng<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">differences arising<span class="_ _0"/> on translation f<span class="_ _0"/>or consolidation<span class="_ _0"/> are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in<span class="_ _0"/> other comprehensive<span class="_ _0"/> income.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">An<span class="_ _5"/>y go<span class="_ _5"/>od<span class="_ _5"/>w<span class="_ _5"/>ill a<span class="_ _5"/>ri<span class="_ _5"/>si<span class="_ _5"/>ng o<span class="_ _5"/>n t<span class="_ _5"/>he a<span class="_ _5"/>cqu<span class="_ _5"/>is<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>on of a f<span class="_ _5"/>or<span class="_ _5"/>ei<span class="_ _5"/>gn </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n an<span class="_ _5"/>d an<span class="_ _5"/>y fa<span class="_ _5"/>ir v<span class="_ _5"/>al<span class="_ _5"/>ue a<span class="_ _5"/>dj<span class="_ _5"/>us<span class="_ _5"/>t<span class="_ _5"/>me<span class="_ _5"/>nt<span class="_ _5"/>s t<span class="_ _5"/>o th<span class="_ _5"/>e ca<span class="_ _5"/>r-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">r<span class="_ _5"/>ying amounts of assets and<span class="_ _0"/> liabilities arising on<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acq<span class="_ _5"/>ui<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n are t<span class="_ _5"/>re<span class="_ _5"/>ate<span class="_ _5"/>d a<span class="_ _5"/>s as<span class="_ _5"/>set<span class="_ _5"/>s a<span class="_ _5"/>n<span class="_ _5"/>d lia<span class="_ _5"/>bi<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreign<span class="_ _0"/> operations and ar<span class="_ _0"/>e translated<span class="_ _0"/> at the closing<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rate o<span class="_ _0"/>f ex<span class="_ _0"/>change.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Implementation of ne<span class="_ _0"/>w or amended<span class="_ _0"/> <span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">standards and int<span class="_ _0"/>erpretations</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acc<span class="_ _0"/>ounting policies adopted<span class="_ _0"/> in the preparation<span class="_ _0"/> of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the consolidated<span class="_ _0"/> financial statements are consistent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with those applied in<span class="_ _0"/> the preparation of<span class="_ _0"/> the Group’<span class="_ _0"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated annual<span class="_ _0"/> financial statements for the y<span class="_ _0"/>ear </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">en<span class="_ _5"/>de<span class="_ _5"/>d 31 D<span class="_ _5"/>ec<span class="_ _5"/>em<span class="_ _5"/>be<span class="_ _5"/>r 2024, exce<span class="_ _5"/>pt fo<span class="_ _5"/>r t<span class="_ _5"/>he a<span class="_ _5"/>do<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">new s<span class="_ _5"/>t<span class="_ _5"/>an<span class="_ _5"/>da<span class="_ _5"/>rd<span class="_ _5"/>s ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>ve a<span class="_ _5"/>t 1 Jan<span class="_ _5"/>ua<span class="_ _5"/>r<span class="_ _5"/>y 2025<span class="_ _5"/>. Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has not<span class="_ _0"/> early adopted<span class="_ _0"/> any standard,<span class="_ _0"/> interpretation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or a<span class="_ _5"/>me<span class="_ _5"/>nd<span class="_ _5"/>me<span class="_ _5"/>nt t<span class="_ _5"/>ha<span class="_ _5"/>t ha<span class="_ _5"/>s be<span class="_ _5"/>en i<span class="_ _5"/>s<span class="_ _5"/>sue<span class="_ _5"/>d b<span class="_ _5"/>ut i<span class="_ _5"/>s no<span class="_ _5"/>t yet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>ve. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has adopted<span class="_ _0"/> relevant<span class="_ _0"/> new or<span class="_ _0"/> amended </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">standards (IFRS) and<span class="_ _0"/> interpretations (IFRIC) as<span class="_ _0"/> adopt<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed by t<span class="_ _5"/>h<span class="_ _5"/>e EU w<span class="_ _5"/>hi<span class="_ _5"/>ch ar<span class="_ _5"/>e ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>ve fo<span class="_ _5"/>r t<span class="_ _5"/>he f<span class="_ _5"/>i<span class="_ _5"/>na<span class="_ _5"/>nci<span class="_ _5"/>al y<span class="_ _5"/>ea<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">en<span class="_ _5"/>de<span class="_ _5"/>d at 3<span class="_ _5"/>1 De<span class="_ _5"/>ce<span class="_ _5"/>mb<span class="_ _5"/>er 2025<span class="_ _5"/>. Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s as<span class="_ _5"/>se<span class="_ _5"/>ss<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">that the new<span class="_ _0"/> or amended standards and<span class="_ _0"/> interpreta<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tions have<span class="_ _0"/> not had<span class="_ _0"/> any material<span class="_ _0"/> impact on the Group<span class="_ _0"/>’s<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>nu<span class="_ _5"/>al re<span class="_ _5"/>po<span class="_ _5"/>r<span class="_ _5"/>t f<span class="_ _5"/>or 2025. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> expec<span class="_ _5"/>ts to implement the<span class="_ _0"/> new standards </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wh<span class="_ _5"/>en t<span class="_ _5"/>he<span class="_ _5"/>y be<span class="_ _5"/>com<span class="_ _5"/>e ef<span class="_ _3"/>fec<span class="_ _3"/>ti<span class="_ _5"/>ve. I<span class="_ _5"/>t h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n as<span class="_ _5"/>se<span class="_ _5"/>ss<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">that the implementation of<span class="_ _0"/> the new<span class="_ _0"/> standards will not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hav<span class="_ _5"/>e any s<span class="_ _5"/>ig<span class="_ _5"/>ni<span class="_ _5"/>f<span class="_ _5"/>ic<span class="_ _5"/>an<span class="_ _5"/>t ef<span class="_ _3"/>fec<span class="_ _3"/>t on re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>it<span class="_ _5"/>io<span class="_ _5"/>n or m<span class="_ _5"/>ea<span class="_ _5"/>s<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">urement.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Furthermo<span class="_ _5"/>re,<span class="_ _0"/> new or<span class="_ _0"/> amended IFRS Acc<span class="_ _0"/>ounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Standards and<span class="_ _0"/> interpretations issued<span class="_ _0"/> by the<span class="_ _0"/> IASB </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>at h<span class="_ _5"/>ave n<span class="_ _5"/>ot ye<span class="_ _5"/>t be<span class="_ _5"/>co<span class="_ _5"/>me e<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>ive a<span class="_ _5"/>re g<span class="_ _5"/>en<span class="_ _5"/>er<span class="_ _5"/>al<span class="_ _5"/>ly </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not a<span class="_ _5"/>d<span class="_ _5"/>op<span class="_ _5"/>ted u<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>l th<span class="_ _5"/>ey b<span class="_ _5"/>eco<span class="_ _5"/>me e<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>iv<span class="_ _5"/>e an<span class="_ _5"/>d are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">endorsed by the<span class="_ _0"/> EU. Management<span class="_ _0"/> does not anticipat<span class="_ _0"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">any significant impact on the c<span class="_ _0"/>onsolidated financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements in the period of<span class="_ _0"/> initial application from<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adoption of<span class="_ _0"/> these new<span class="_ _0"/> standards and amendments, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ap<span class="_ _5"/>ar<span class="_ _5"/>t f<span class="_ _5"/>ro<span class="_ _5"/>m I<span class="_ _5"/>FRS 1<span class="_ _5"/>8 ‘<span class="_ _5"/>Pre<span class="_ _5"/>se<span class="_ _5"/>nt<span class="_ _5"/>a<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>nd D<span class="_ _5"/>is<span class="_ _5"/>cl<span class="_ _5"/>os<span class="_ _5"/>ure i<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial Statements’<span class="_ _0"/> which replaces<span class="_ _0"/> IAS 1 effect<span class="_ _5"/>ive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fro<span class="_ _5"/>m 1 Ja<span class="_ _5"/>nu<span class="_ _5"/>ar<span class="_ _3"/>y 2027<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">IF<span class="_ _5"/>RS 1<span class="_ _5"/>8 Pre<span class="_ _5"/>se<span class="_ _5"/>nta<span class="_ _5"/>ti<span class="_ _5"/>on an<span class="_ _5"/>d Di<span class="_ _5"/>scl<span class="_ _5"/>osu<span class="_ _5"/>re in F<span class="_ _5"/>ina<span class="_ _5"/>nci<span class="_ _5"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Statements</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">IF<span class="_ _5"/>RS 1<span class="_ _5"/>8<span class="_ _5"/>, wh<span class="_ _5"/>ic<span class="_ _5"/>h rep<span class="_ _5"/>la<span class="_ _5"/>ce<span class="_ _5"/>s IA<span class="_ _5"/>S 1 P<span class="_ _5"/>res<span class="_ _5"/>en<span class="_ _5"/>ta<span class="_ _5"/>t<span class="_ _5"/>ion o<span class="_ _5"/>f Fi<span class="_ _5"/>na<span class="_ _5"/>nc<span class="_ _5"/>ia<span class="_ _5"/>l </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Statements, introduces new<span class="_ _0"/> presentation require<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt<span class="_ _5"/>s re<span class="_ _5"/>la<span class="_ _5"/>te<span class="_ _5"/>d to t<span class="_ _5"/>he s<span class="_ _5"/>t<span class="_ _5"/>ate<span class="_ _5"/>me<span class="_ _5"/>nt o<span class="_ _5"/>f pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t or l<span class="_ _5"/>os<span class="_ _5"/>s, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">including ne<span class="_ _0"/>w categories<span class="_ _0"/> of inc<span class="_ _0"/>ome and e<span class="_ _0"/>xpenses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(i.e.,<span class="_ _0"/> operating, f<span class="_ _5"/>inancing, inv<span class="_ _0"/>esting). IFRS 18 r<span class="_ _0"/>equires </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosure o<span class="_ _0"/>f management-def<span class="_ _5"/>ined performance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measures and<span class="_ _0"/> includes new<span class="_ _0"/> requirements for the<span class="_ _0"/> ag<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gregation and<span class="_ _0"/> disaggregation of<span class="_ _0"/> financial information.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In a<span class="_ _5"/>dd<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on<span class="_ _5"/>, am<span class="_ _5"/>en<span class="_ _5"/>dm<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s hav<span class="_ _5"/>e be<span class="_ _5"/>en m<span class="_ _5"/>ad<span class="_ _5"/>e to I<span class="_ _5"/>A<span class="_ _5"/>S 7 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">St<span class="_ _5"/>ate<span class="_ _5"/>me<span class="_ _5"/>nt o<span class="_ _5"/>f C<span class="_ _5"/>as<span class="_ _5"/>h Flo<span class="_ _5"/>ws<span class="_ _5"/>, to c<span class="_ _5"/>ha<span class="_ _5"/>ng<span class="_ _5"/>e th<span class="_ _5"/>e s<span class="_ _5"/>ta<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>in<span class="_ _5"/>g po<span class="_ _5"/>in<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for det<span class="_ _0"/>ermining cash<span class="_ _0"/> flows from operations under<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">indirect method and to<span class="_ _0"/> remove<span class="_ _0"/> the optionality around </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">classification of cash<span class="_ _0"/> flows from dividends and<span class="_ _0"/> inter<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es<span class="_ _5"/>t<span class="_ _5"/>. Th<span class="_ _5"/>e ad<span class="_ _5"/>op<span class="_ _5"/>t<span class="_ _5"/>ion o<span class="_ _5"/>f th<span class="_ _5"/>e s<span class="_ _5"/>ta<span class="_ _5"/>nd<span class="_ _5"/>ar<span class="_ _5"/>d is n<span class="_ _5"/>ot ex<span class="_ _5"/>p<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>ed to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">result in<span class="_ _0"/> changes to<span class="_ _0"/> the Group's<span class="_ _0"/> existing accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">po<span class="_ _5"/>li<span class="_ _5"/>cie<span class="_ _5"/>s an<span class="_ _5"/>d i<span class="_ _5"/>s not e<span class="_ _5"/>xp<span class="_ _5"/>ec<span class="_ _3"/>ted t<span class="_ _5"/>o af<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _5"/>t n<span class="_ _5"/>et p<span class="_ _5"/>rof<span class="_ _3"/>it<span class="_ _5"/>s<span class="_ _5"/>. Ho<span class="_ _5"/>w<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eve<span class="_ _5"/>r, the in<span class="_ _5"/>t<span class="_ _5"/>rod<span class="_ _5"/>uc<span class="_ _3"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f new c<span class="_ _5"/>at<span class="_ _5"/>eg<span class="_ _5"/>or<span class="_ _5"/>ie<span class="_ _5"/>s to t<span class="_ _5"/>he s<span class="_ _5"/>t<span class="_ _5"/>ate<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt o<span class="_ _5"/>f pro<span class="_ _5"/>f<span class="_ _5"/>it o<span class="_ _5"/>r l<span class="_ _5"/>os<span class="_ _5"/>s is ex<span class="_ _5"/>p<span class="_ _5"/>ec<span class="_ _5"/>te<span class="_ _5"/>d to r<span class="_ _5"/>eq<span class="_ _5"/>ui<span class="_ _5"/>re re<span class="_ _5"/>cl<span class="_ _5"/>as<span class="_ _5"/>si<span class="_ _5"/>f<span class="_ _5"/>i<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f cer<span class="_ _3"/>ta<span class="_ _5"/>in a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>s in t<span class="_ _5"/>he s<span class="_ _5"/>t<span class="_ _5"/>ate<span class="_ _5"/>me<span class="_ _5"/>n<span class="_ _5"/>t of pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loss and r<span class="_ _0"/>edefinit<span class="_ _5"/>ion of<span class="_ _0"/> key<span class="_ _0"/> financial measures.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 6<span class="_ _5"/>.7<span class="ff48 fc0 ls3e ws3e"> <span class="_ _5c"> </span>D<span class="_ _5"/>ef<span class="_ _5"/>ini<span class="_ _5"/>tions<span class="_ _5"/> and<span class="_ _5"/> key f<span class="_ _5"/>ig<span class="_ _5"/>ures</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Def<span class="_ _5"/>in<span class="_ _5"/>it<span class="_ _5"/>io<span class="_ _5"/>n of key f<span class="_ _5"/>igu<span class="_ _5"/>res a<span class="_ _5"/>nd r<span class="_ _5"/>at<span class="_ _5"/>ios</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">HusCompagniet presents financial performance measures<span class="_ _0"/> which are<span class="_ _0"/> not defined according<span class="_ _0"/> to IFRS. T<span class="_ _0"/>he alternative</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performance measures pro<span class="_ _0"/>vide valuable information t<span class="_ _0"/>o stakeholders and Management. The<span class="_ _0"/> financial measures ar<span class="_ _0"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not a<span class="_ _0"/> substitute for performance measures<span class="_ _0"/> as defined accor<span class="_ _0"/>ding to IFRS,<span class="_ _0"/> but supplementar<span class="_ _5"/>y information.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">HusCompagniet's defini<span class="_ _5"/>tion of<span class="_ _0"/> the financial and performance measures<span class="_ _0"/> is listed below<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:414.296875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 124.359px; top: 0.0136718px; width: 351.199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.4062px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Invested capital beginning of year + Invested capital end of year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 3.01367px; width: 124.564px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average invested capital </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.3887px; width: 322.213px; white-space: pre; word-spacing: 312.694px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 315.598px; display: inline-block;"> </span>2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 182.609px; top: 46.6387px; width: 278.385px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Invested capital adjusted for goodwill beginning of year </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 108.828px; top: 58.6387px; width: 335.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 81.4748px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">+ Invested capital adjusted for goodwill end of year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.6387px; width: 108.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(adjusted for goodwill)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 77.0137px; width: 322.213px; white-space: pre; word-spacing: 312.694px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 315.598px; display: inline-block;"> </span>2</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 135.5px; top: 105.264px; width: 248.73px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.055px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">House delivered revenue </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 108.279px; width: 135.387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average selling price (A</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">SP) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.654px; width: 388.881px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 246.012px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Number of houses delivered</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 130.469px; top: 151.904px; width: 304.383px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Profit for the year ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">cl. non-controlling interests</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 154.904px; width: 130.471px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Diluted earnings per share</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 170.279px; width: 433.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(EPS-D) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.469px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Diluted average number of outstanding shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 102.344px; top: 198.529px; width: 295.424px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 137.139px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Proposed dividend for the year </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.529px; width: 102.357px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Dividend per share </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 216.92px; width: 392.42px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 242.853px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Number of shares end of year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 124.359px; top: 245.17px; width: 311.52px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.9627px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Profit for the year e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">x</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">cl. non-controlling interests</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 248.17px; width: 123.369px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Earnings per share (EPS) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 263.545px; width: 414.645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.412px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">A</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">verage number of outstanding shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 58.5938px; top: 291.795px; width: 285.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.929px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">EBIT x 100</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 294.795px; width: 59.4023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT margin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 310.17px; width: 340.945px; white-space: pre; word-spacing: 294.289px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 297.193px; display: inline-block;"> </span>Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 74.2969px; top: 338.42px; width: 328.969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.096px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">EBITDA before special items x 100</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.436px; width: 74.1797px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITD</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">A margin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 353.811px; width: 99.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">before special items</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 99.3594px; top: 356.811px; width: 241.594px; white-space: pre; word-spacing: 194.94px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 197.848px; display: inline-block;"> </span>Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 66.0625px; top: 385.061px; width: 327.756px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 174.891px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">A after special items x 100</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 388.061px; width: 66.3047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">A margin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 400.436px; width: 89.3496px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">after special items</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 89.2812px; top: 403.436px; width: 251.596px; white-space: pre; word-spacing: 204.941px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 207.844px; display: inline-block;"> </span>Revenue</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">* <span class="_ _7f"> </span>Earnings per sh<span class="_ _0"/>are (EPS) and<span class="_ _0"/> diluted earnings<span class="_ _0"/> (EPS<span class="_ _5"/>-<span class="_ _5"/>D) ar<span class="_ _0"/>e determined<span class="_ _0"/> in accordanc<span class="_ _0"/>e with IAS 33</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:530.9375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 81.9844px; top: 0.0136718px; width: 288.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.092px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Income tax e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xpenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 3.01367px; width: 82.1484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effective tax rate</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.3887px; width: 328.365px; white-space: pre; word-spacing: 306.337px; letter-spacing: -0.19125px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 309.053px; display: inline-block;"> </span>EBT</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 55.4219px; top: 46.6387px; width: 327.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 196.154px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Equity end of period x 100</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 49.6387px; width: 55.2305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Equity ratio</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.0293px; width: 347.303px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 287.244px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.63687px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.2793px; width: 445.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Fixed assets </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.887px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Right-of-use assets + property</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">, plant and equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 130.029px; width: 512.859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Free cash flow </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Cash flow from operating activities + Cash generated from investment activities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 66.1094px; top: 166.779px; width: 296.197px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.27px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Gross profit x 100</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 169.779px; width: 65.4551px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross margin</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 185.17px; width: 340.945px; white-space: pre; word-spacing: 294.289px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"><span style="width: 297.193px; display: inline-block;"> </span>Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 213.404px; width: 474.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Invested capital </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.0685px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Net working capital + intangible assets + fixed assets + goodwill</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 250.17px; width: 83.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Invested capital </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 262.17px; width: 448.131px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(adjusted for goodwill) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 77.7071px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Net working capital + intangible assets + fixed assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 298.92px; width: 455.912px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Market value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.412px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Number of outstanding shares x share price end of year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 330.17px; width: 411.645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">NIBD/EBITD</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">A </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.096px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Net interest-bearing debt, end of year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 342.545px; width: 99.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">before special items</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 98.8594px; top: 345.561px; width: 289.553px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 146.537px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">EBITDA before special items</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 376.811px; width: 345.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Return on equity </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.076px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Profit x 100</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 392.186px; width: 386.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.959px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Average equity for the year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 411.436px; width: 441.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue growth </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.465px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Revenue current period - revenue prior year x 100</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 426.811px; width: 365.83px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.531px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">R</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">evenue prior year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 458.061px; width: 330.188px; white-space: pre; word-spacing: 278.966px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ROIC EBIT</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 473.451px; width: 379.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 255.357px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Average invested capital</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 504.701px; width: 330.258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ROIC (adjusted for goodwill) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.297px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">EBIT</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 520.076px; width: 432.691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 202.471px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">A</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">verage invested capital adjusted for goodwill</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">G<span class="_ _5"/>los<span class="_ _5"/>sa<span class="_ _5"/>r<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Alternati<span class="_ _5"/>ve Performance Measure: <span class="ff2 ls4 ws3">A<span class="_ _0"/> financial </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measure of<span class="_ _0"/> historical or futur<span class="_ _0"/>e financial performance, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial position or cash<span class="_ _0"/> flows<span class="_ _5"/>, other than<span class="_ _0"/> a financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>asu<span class="_ _5"/>re d<span class="_ _5"/>ef<span class="_ _5"/>i<span class="_ _5"/>ne<span class="_ _5"/>d or s<span class="_ _5"/>pe<span class="_ _5"/>ci<span class="_ _5"/>f<span class="_ _5"/>i<span class="_ _5"/>ed a<span class="_ _5"/>ccor<span class="_ _5"/>di<span class="_ _5"/>ng t<span class="_ _5"/>o IF<span class="_ _5"/>RS<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ASP (a<span class="_ _0"/>verage selling<span class="_ _0"/> price<span class="_ _0"/>):<span class="ff2 ls4 ws3"> House delivered<span class="_ _0"/> revenue<span class="_ _0"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">/ Number of<span class="_ _0"/> houses delivered<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bad leav<span class="_ _0"/>er:<span class="ff2 ls0 ws0"> see d<span class="_ _5"/>ef<span class="_ _3"/>ini<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n fo<span class="_ _5"/>r Go<span class="_ _5"/>od l<span class="_ _5"/>ea<span class="_ _5"/>ver</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ca<span class="_ _5"/>pit<span class="_ _5"/>al ex<span class="_ _5"/>pe<span class="_ _5"/>ndi<span class="_ _5"/>tu<span class="_ _5"/>re (C<span class="_ _5"/>APE<span class="_ _5"/>X<span class="_ _5"/>): <span class="ff2 ls4 ws3">Investment in intangi</span><span class="ff2">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ble and pr<span class="_ _0"/>oper<span class="_ _5"/>t<span class="_ _5"/>y<span class="_ _0"/>, plant and<span class="_ _0"/> equipment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>live<span class="_ _5"/>rie<span class="_ _5"/>s: <span class="ff2 ls4 ws3">Number of units(houses) delivered<span class="_ _0"/> to ex<span class="_ _0"/><span class="ls0 ws0">-</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ternal<span class="_ _0"/> customers (complet<span class="_ _0"/>ed transfer of<span class="_ _0"/> control).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">E<span class="_ _3"/>B<span class="_ _3"/>I<span class="_ _3"/>T:<span class="_ _5"/><span class="ff2 ls4 ws3"> Operat<span class="_ _5"/>ing profit before<span class="_ _0"/> financial items and<span class="_ _0"/> tax</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">E<span class="_ _5"/>BI<span class="_ _5"/>TDA<span class="_ _5"/>:<span class="ff2 ls5 ws4"> Operating profit before de<span class="_ _0"/>preciation, amorti<span class="ls0 ws0">-</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sation, financial items and<span class="_ _0"/> tax</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EB<span class="_ _5"/>ITDA b<span class="_ _5"/>efo<span class="_ _5"/>re s<span class="_ _5"/>pe<span class="_ _5"/>cial i<span class="_ _5"/>te<span class="_ _5"/>ms:<span class="ff2"> O<span class="_ _5"/>p<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t be<span class="_ _5"/>fo<span class="_ _5"/>re </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciation, amortisation, financial items,<span class="_ _0"/> tax and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">special items</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">E<span class="_ _3"/>B<span class="_ _3"/>T:<span class="_ _5"/><span class="ff2 lsc1 wsc3"> profit befor<span class="_ _0"/>e tax</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Go<span class="_ _5"/>od l<span class="_ _5"/>eaver<span class="_ _5"/>:<span class="ff2"> A pa<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>ic<span class="_ _5"/>ip<span class="_ _5"/>an<span class="_ _5"/>t is a g<span class="_ _5"/>oo<span class="_ _5"/>d le<span class="_ _5"/>ave<span class="_ _5"/>r if e<span class="_ _5"/>mp<span class="_ _5"/>l<span class="_ _5"/>oy-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt e<span class="_ _5"/>nd<span class="_ _5"/>s du<span class="_ _5"/>e to (<span class="_ _5"/>i) r<span class="_ _5"/>es<span class="_ _5"/>ig<span class="_ _5"/>nat<span class="_ _5"/>i<span class="_ _5"/>on c<span class="_ _5"/>au<span class="_ _5"/>se<span class="_ _5"/>d by t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">company’s<span class="_ _0"/> material breach,<span class="_ _0"/> (ii) termination b<span class="_ _0"/>y the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group company<span class="_ _0"/> not due<span class="_ _0"/> to the participant’s breach,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(iii) retirement (<span class="_ _0"/>company r<span class="_ _0"/>etirement age or<span class="_ _0"/> state pen<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sio<span class="_ _5"/>n), o<span class="_ _5"/>r (<span class="_ _5"/>iv<span class="_ _5"/>) d<span class="_ _5"/>eat<span class="_ _5"/>h<span class="_ _5"/>. In s<span class="_ _5"/>uc<span class="_ _5"/>h ca<span class="_ _5"/>se<span class="_ _5"/>s, t<span class="_ _5"/>h<span class="_ _5"/>e par<span class="_ _3"/>ti<span class="_ _5"/>ci<span class="_ _5"/>pa<span class="_ _5"/>nt (o<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es<span class="_ _5"/>t<span class="_ _5"/>ate) r<span class="_ _5"/>et<span class="_ _5"/>ai<span class="_ _5"/>ns a p<span class="_ _5"/>ro ra<span class="_ _5"/>t<span class="_ _5"/>a en<span class="_ _5"/>ti<span class="_ _5"/>t<span class="_ _5"/>le<span class="_ _5"/>me<span class="_ _5"/>nt to R<span class="_ _5"/>SU<span class="_ _5"/>s<span class="_ _5"/>/S<span class="_ _5"/>ha<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>im<span class="_ _5"/>e se<span class="_ _5"/>r<span class="_ _5"/>ve<span class="_ _5"/>d i<span class="_ _5"/>n th<span class="_ _5"/>e ves<span class="_ _5"/>t<span class="_ _5"/>in<span class="_ _5"/>g pe<span class="_ _5"/>ri<span class="_ _5"/>od<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">An<span class="_ _5"/>y ter<span class="_ _5"/>mi<span class="_ _5"/>na<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>th<span class="_ _5"/>er t<span class="_ _5"/>h<span class="_ _5"/>an a g<span class="_ _5"/>oo<span class="_ _5"/>d le<span class="_ _5"/>ave<span class="_ _5"/>r eve<span class="_ _5"/>nt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(including resignation or<span class="_ _0"/> termination due<span class="_ _0"/> to the<span class="_ _0"/> par<span class="_ _5"/>tic<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ip<span class="_ _5"/>an<span class="_ _5"/>t<span class="_ _5"/>’s bre<span class="_ _5"/>ac<span class="_ _5"/>h) is t<span class="_ _5"/>re<span class="_ _5"/>ate<span class="_ _5"/>d as B<span class="_ _5"/>a<span class="_ _5"/>d le<span class="_ _5"/>ave<span class="_ _5"/>r, and al<span class="_ _5"/>l unv<span class="_ _5"/>es<span class="_ _5"/>t<span class="ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed RSUs/Share<span class="_ _0"/> options lapse<span class="_ _0"/> without compensation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">upon termination.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gross order bac<span class="_ _0"/>klog: <span class="ff2 ls5 ws4">The sales<span class="_ _0"/> value o<span class="_ _0"/>f outstanding </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performance obligations not fully deliver<span class="_ _0"/>ed on curr<span class="_ _0"/>ent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s at y<span class="_ _5"/>ear e<span class="_ _5"/>nd<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Invested capital:<span class="ff2 ls4 ws3"> NWC +<span class="_ _0"/> proper<span class="_ _5"/>ty, plant<span class="_ _0"/> and equip<span class="ls0 ws0">-</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment, right-of-use (ROU) assets, intangible assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">including goodwill<span class="_ _0"/> and customer r<span class="_ _0"/>elationships less<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">long-term provisions</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Mar<span class="_ _5"/>gi<span class="_ _5"/>n be<span class="_ _5"/>for<span class="_ _5"/>e sp<span class="_ _5"/>eci<span class="_ _5"/>al it<span class="_ _5"/>em<span class="_ _5"/>s:<span class="ff2 ls4 ws3"> Defined margins adjust</span><span class="ff2">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed fo<span class="_ _5"/>r sp<span class="_ _5"/>e<span class="_ _5"/>cia<span class="_ _5"/>l i<span class="_ _5"/>tem<span class="_ _5"/>s</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Market share:<span class="_ _0"/> <span class="ff2 ls4 ws3">Number of sales<span class="_ _0"/> compared with per<span class="_ _0"/><span class="ls0 ws0">-</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mi<span class="_ _5"/>t<span class="_ _5"/>s is<span class="_ _5"/>su<span class="_ _5"/>ed<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Net interest-bearing debt<span class="_ _0"/> (NIB<span class="_ _5"/>D):<span class="_ _0"/><span class="ff2 ls4 ws3"> Bank loans, other </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loans, bank debt<span class="_ _0"/> and lease<span class="_ _0"/> liabilities less cash</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Net order backlog:<span class="_ _0"/> <span class="ff2 ls5 ws4">Gross order<span class="_ _0"/> backlog less<span class="_ _0"/> sales </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of<span class="_ _0"/> par<span class="_ _5"/>tially delivered performance obligations. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ne<span class="_ _5"/>t wor<span class="_ _5"/>kin<span class="_ _5"/>g ca<span class="_ _5"/>pit<span class="_ _5"/>al (<span class="_ _5"/>NWC<span class="_ _5"/>):<span class="ff2 ls5 ws4"> T<span class="_ _0"/>rade<span class="_ _0"/> receivables, other<span class="_ _0"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receivables<span class="_ _0"/> and other cu<span class="_ _0"/>rrent operating assets less<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trade payables, prepa<span class="_ _0"/>yment<span class="_ _5"/>s and other<span class="_ _0"/> payables.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Number of shares<span class="_ _0"/> outs<span class="_ _5"/>tanding: <span class="ff2 ls4 ws3">The<span class="_ _0"/> total number </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of shar<span class="_ _0"/>es, ex<span class="_ _0"/>cluding HusCompagniet’s<span class="_ _0"/> holding of<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">treasur<span class="_ _5"/>y shares.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Order backlog: <span class="ff2 ls4 ws3">Delivery obligations are<span class="_ _0"/> secured </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">orders from<span class="_ _0"/> customers, where HusCompagniet<span class="_ _0"/> is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ob<span class="_ _5"/>li<span class="_ _5"/>ga<span class="_ _5"/>ted t<span class="_ _5"/>o bu<span class="_ _5"/>il<span class="_ _5"/>d a ho<span class="_ _5"/>us<span class="_ _5"/>e fo<span class="_ _5"/>r th<span class="_ _5"/>e cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er. Wh<span class="_ _5"/>en n<span class="_ _5"/>ot </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sp<span class="_ _5"/>ec<span class="_ _5"/>if<span class="_ _5"/>i<span class="_ _5"/>ca<span class="_ _5"/>ll<span class="_ _5"/>y m<span class="_ _5"/>en<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>ed a<span class="_ _5"/>s gr<span class="_ _5"/>os<span class="_ _5"/>s ord<span class="_ _5"/>er b<span class="_ _5"/>ac<span class="_ _5"/>kl<span class="_ _5"/>o<span class="_ _5"/>g, i<span class="_ _5"/>t re<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fers to<span class="_ _0"/> order backlog which<span class="_ _0"/> equals net order<span class="_ _0"/> backlog.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Order book: <span class="ff2 ls4 ws3">The<span class="_ _0"/> total amount in<span class="_ _0"/> DKK of<span class="_ _0"/> all incoming<span class="_ _0"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract<span class="_ _5"/>s valued<span class="_ _0"/> at selling<span class="_ _0"/> price.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Perm<span class="_ _5"/>it<span class="_ _5"/>s: <span class="ff2">N<span class="_ _5"/>um<span class="_ _5"/>be<span class="_ _5"/>r of p<span class="_ _5"/>er<span class="_ _5"/>mi<span class="_ _5"/>t<span class="_ _5"/>s i<span class="_ _5"/>ssu<span class="_ _5"/>e<span class="_ _5"/>d in re<span class="_ _5"/>sp<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>ve </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market<span class="_ _0"/> segments (detached, semi-det<span class="_ _5"/>ached, wooden </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">houses).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ROI<span class="_ _5"/>C: <span class="ff2 ls4 ws3">Return on in<span class="_ _0"/>vested capital</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sales: <span class="ff2 ls4 ws3">Number of<span class="_ _0"/> units (houses) in<span class="_ _0"/> scope from<span class="_ _0"/> signed </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract<span class="_ _5"/>s with external customers.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Special<span class="_ _0"/> items:<span class="_ _0"/><span class="ff2 ls5 ws4"> Non<span class="_ _5"/>-recurring inc<span class="_ _0"/>ome and e<span class="_ _0"/>xpenses.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Houses sold and deliv<span class="_ _0"/>ered:<span class="ff6 fc1 ls0 ws0"> <span class="ff2 fc3">Ho<span class="_ _5"/>us<span class="_ _5"/>es s<span class="_ _5"/>ol<span class="_ _5"/>d are i<span class="_ _5"/>nc<span class="_ _5"/>lu<span class="_ _5"/>de<span class="_ _5"/>d </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in t<span class="_ _5"/>he g<span class="_ _5"/>ros<span class="_ _5"/>s o<span class="_ _5"/>rde<span class="_ _5"/>r b<span class="_ _5"/>oo<span class="_ _5"/>k at t<span class="_ _5"/>he t<span class="_ _5"/>im<span class="_ _5"/>e a bi<span class="_ _5"/>nd<span class="_ _5"/>in<span class="_ _5"/>g co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is e<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>d in<span class="_ _5"/>to w<span class="_ _5"/>it<span class="_ _5"/>h t<span class="_ _5"/>he cu<span class="_ _5"/>s<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r. Revenu<span class="_ _5"/>e f<span class="_ _5"/>rom </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>uc<span class="_ _3"/>ti<span class="_ _5"/>on co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t<span class="_ _5"/>s i<span class="_ _5"/>s re<span class="_ _5"/>co<span class="_ _5"/>gni<span class="_ _5"/>zed ove<span class="_ _5"/>r t<span class="_ _5"/>im<span class="_ _5"/>e in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acco<span class="_ _5"/>rd<span class="_ _5"/>an<span class="_ _5"/>ce w<span class="_ _5"/>it<span class="_ _5"/>h I<span class="_ _5"/>FR<span class="_ _5"/>S 15<span class="_ _5"/>, as co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>l of t<span class="_ _5"/>he a<span class="_ _5"/>s<span class="_ _5"/>set i<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferred to<span class="_ _0"/> the customer and the<span class="_ _0"/> related perfor<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mance<span class="_ _0"/> obligations are satisfied. Due t<span class="_ _0"/>o the c<span class="_ _0"/>onstruc<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d, r<span class="_ _5"/>eve<span class="_ _5"/>nu<span class="_ _5"/>e rel<span class="_ _5"/>at<span class="_ _5"/>i<span class="_ _5"/>ng to h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s so<span class="_ _5"/>ld i<span class="_ _5"/>s no<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">necessarily fully rec<span class="_ _0"/>ognized<span class="_ _0"/> within a single<span class="_ _0"/> repor<span class="_ _5"/>ting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period. A house<span class="_ _0"/> is considered<span class="_ _0"/> delivered when<span class="_ _0"/> control </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of t<span class="_ _5"/>he co<span class="_ _5"/>mp<span class="_ _5"/>le<span class="_ _5"/>te<span class="_ _5"/>d as<span class="_ _5"/>se<span class="_ _5"/>t ha<span class="_ _5"/>s be<span class="_ _5"/>en t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>f<span class="_ _5"/>er<span class="_ _5"/>red t<span class="_ _5"/>o th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">customer<span class="_ _0"/>. Upon delivery,<span class="_ _0"/> the remaining<span class="_ _0"/> per<span class="_ _5"/>formance<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obligations are satisfied and any<span class="_ _0"/> remaining r<span class="_ _0"/>evenue </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rel<span class="_ _5"/>at<span class="_ _5"/>i<span class="_ _5"/>ng to t<span class="_ _5"/>he c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t is re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>ized<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sustainability-related<span class="_ _0"/> definitions of t<span class="_ _0"/>erms:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ESG k<span class="_ _0"/>ey figures hav<span class="_ _0"/>e been calculated<span class="_ _0"/> in acc<span class="_ _0"/>ordance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wi<span class="_ _5"/>t<span class="_ _5"/>h FS<span class="_ _5"/>R - Dan<span class="_ _5"/>is<span class="_ _5"/>h Au<span class="_ _5"/>di<span class="_ _5"/>to<span class="_ _5"/>r<span class="_ _5"/>s, C<span class="_ _5"/>FA So<span class="_ _5"/>cie<span class="_ _5"/>t<span class="_ _5"/>y D<span class="_ _5"/>en<span class="_ _5"/>ma<span class="_ _5"/>rk a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nasdaq’<span class="_ _0"/>s 15 suggestions<span class="_ _0"/> on standardised ESG<span class="_ _0"/> key<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">figures for the<span class="_ _0"/> annual report</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">CO</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">-<span class="_ _5"/>e<span class="_ _5"/>/m</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> del<span class="_ _5"/>ive<span class="_ _5"/>re<span class="_ _5"/>d (Sco<span class="_ _5"/>pe 1<span class="_ _5"/>+2) - market<span class="_ _5"/>-b<span class="_ _5"/>as<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Direct and indirect operational<span class="_ _0"/> emission from<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">company's own<span class="_ _0"/> combustion of<span class="_ _0"/> fuels and mat<span class="_ _0"/>erials </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and from<span class="_ _0"/> combustion from<span class="_ _0"/> purchased electricity and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">heat c<span class="_ _0"/>onverted using mark<span class="_ _0"/>et-based emission<span class="_ _0"/> factors </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">divided by to<span class="_ _0"/>tal square met<span class="_ _0"/>ers delivered</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">CO</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">-<span class="_ _5"/>e<span class="_ _5"/>/m</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> del<span class="_ _5"/>ive<span class="_ _5"/>re<span class="_ _5"/>d (Sco<span class="_ _5"/>pe 1<span class="_ _5"/>+2) - loca<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>-b<span class="_ _5"/>as<span class="_ _5"/>ed</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Direct and indirect operational<span class="_ _0"/> emission from<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">company's own<span class="_ _0"/> combustion of<span class="_ _0"/> fuels and mat<span class="_ _0"/>erials </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and from<span class="_ _0"/> combustion from<span class="_ _0"/> purchased electricity and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">heat c<span class="_ _0"/>onverted using location-based emission factors </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">divided by to<span class="_ _0"/>tal square met<span class="_ _0"/>ers delivered</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Direct CO</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">-e emissions (Sc<span class="_ _0"/>ope 1)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>ota<span class="_ _5"/>l di<span class="_ _5"/>es<span class="_ _5"/>el a<span class="_ _5"/>nd p<span class="_ _5"/>et<span class="_ _5"/>ro<span class="_ _5"/>l co<span class="_ _5"/>ns<span class="_ _5"/>um<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n mu<span class="_ _5"/>lt<span class="_ _5"/>ip<span class="_ _5"/>li<span class="_ _5"/>ed b<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">emission factor</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">LT<span class="_ _3"/>I<span class="_ _3"/>f</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No. of<span class="_ _0"/> reported incidents multiplied 1.000.000 work<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ing hours divided by<span class="_ _0"/> quantit<span class="_ _5"/>y of<span class="_ _0"/> manhours</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 1<span class="_ _3"/>.<span class="_ _0"/>1<span class="ff48 fc0 ls48 wsb4"> <span class="_ _5c"> </span>Mat<span class="_ _0"/>eri<span class="_ _0"/>al accoun<span class="_ _0"/>tin<span class="_ _0"/>g polic<span class="_ _0"/>y inf<span class="_ _0"/>ormat<span class="_ _0"/>ion</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Change in<span class="_ _0"/> presentation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A<span class="_ _5"/>s of 2025, t<span class="_ _5"/>he G<span class="_ _5"/>r<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s cha<span class="_ _5"/>ng<span class="_ _5"/>e<span class="_ _5"/>d th<span class="_ _5"/>e pr<span class="_ _5"/>ese<span class="_ _5"/>nt<span class="_ _5"/>a<span class="_ _5"/>ti<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of co<span class="_ _5"/>st f<span class="_ _5"/>or h<span class="_ _5"/>ou<span class="_ _5"/>rl<span class="_ _5"/>y wo<span class="_ _5"/>rke<span class="_ _5"/>r<span class="_ _5"/>s rel<span class="_ _5"/>at<span class="_ _5"/>ed to p<span class="_ _5"/>ro<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be i<span class="_ _5"/>nc<span class="_ _5"/>lu<span class="_ _5"/>de<span class="_ _5"/>d un<span class="_ _5"/>de<span class="_ _5"/>r cos<span class="_ _5"/>t o<span class="_ _5"/>f sa<span class="_ _5"/>le<span class="_ _5"/>s pre<span class="_ _5"/>vi<span class="_ _5"/>ou<span class="_ _5"/>sl<span class="_ _5"/>y co<span class="_ _5"/>st w<span class="_ _5"/>as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>clu<span class="_ _5"/>d<span class="_ _5"/>e in s<span class="_ _5"/>ta<span class="_ _5"/>f<span class="_ _5"/>f co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The change<span class="_ _0"/> relates t<span class="_ _0"/>o the hourly w<span class="_ _0"/>orkers at the<span class="_ _0"/> facto<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ri<span class="_ _5"/>es in E<span class="_ _5"/>s<span class="_ _5"/>bj<span class="_ _5"/>erg a<span class="_ _5"/>nd S<span class="_ _5"/>we<span class="_ _5"/>de<span class="_ _5"/>n.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A<span class="_ _5"/>s a res<span class="_ _5"/>ul<span class="_ _5"/>t<span class="_ _5"/>, th<span class="_ _5"/>e co<span class="_ _5"/>st o<span class="_ _5"/>f sa<span class="_ _5"/>le<span class="_ _5"/>s in<span class="_ _5"/>cre<span class="_ _5"/>as<span class="_ _5"/>ed w<span class="_ _5"/>i<span class="_ _5"/>th D<span class="_ _5"/>K<span class="_ _5"/>K 57 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mi<span class="_ _5"/>ll<span class="_ _5"/>ion (<span class="_ _5"/>2024: DK<span class="_ _5"/>K 33 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on) f<span class="_ _5"/>ro<span class="_ _5"/>m DK<span class="_ _5"/>K 2,<span class="_ _5"/>412 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to DK<span class="_ _5"/>K 2,<span class="_ _5"/>46<span class="_ _5"/>9 mi<span class="_ _5"/>ll<span class="_ _5"/>ion (<span class="_ _5"/>2024: DK<span class="_ _5"/>K 1<span class="_ _5"/>,789 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on to D<span class="_ _5"/>K<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1,<span class="_ _5"/>82<span class="_ _5"/>2 mi<span class="_ _5"/>lli<span class="_ _5"/>on) a<span class="_ _5"/>nd t<span class="_ _5"/>h<span class="_ _5"/>e st<span class="_ _5"/>a<span class="_ _5"/>f<span class="_ _5"/>f cos<span class="_ _5"/>t d<span class="_ _5"/>ec<span class="_ _5"/>re<span class="_ _5"/>ase<span class="_ _5"/>d f<span class="_ _5"/>rom D<span class="_ _5"/>K<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">359 m<span class="_ _5"/>ill<span class="_ _5"/>io<span class="_ _5"/>n to D<span class="_ _5"/>KK 3<span class="_ _5"/>03 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on (<span class="_ _5"/>2024: DKK 2<span class="_ _5"/>98 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to DK<span class="_ _5"/>K 265 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on)<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The change<span class="_ _0"/> reflect<span class="_ _5"/>s Management’s assessment<span class="_ _0"/> that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e in<span class="_ _5"/>cl<span class="_ _5"/>us<span class="_ _5"/>io<span class="_ _5"/>n un<span class="_ _5"/>de<span class="_ _5"/>r cos<span class="_ _5"/>t of s<span class="_ _5"/>al<span class="_ _5"/>es r<span class="_ _5"/>ef<span class="_ _5"/>l<span class="_ _5"/>ec<span class="_ _5"/>t b<span class="_ _5"/>es<span class="_ _5"/>t t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">underlying production acti<span class="_ _5"/>vities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Co<span class="_ _5"/>mp<span class="_ _5"/>ar<span class="_ _5"/>at<span class="_ _5"/>i<span class="_ _5"/>ve f<span class="_ _5"/>i<span class="_ _5"/>gur<span class="_ _5"/>es h<span class="_ _5"/>ave b<span class="_ _5"/>ee<span class="_ _5"/>n re<span class="_ _5"/>st<span class="_ _5"/>at<span class="_ _5"/>ed f<span class="_ _5"/>or 2025 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and 20<span class="_ _0"/>2<span class="_ _0"/>4 ac<span class="_ _0"/>cordingly to<span class="_ _0"/> ensure consistency and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comparability, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EB<span class="_ _5"/>IT<span class="_ _5"/>DA<span class="_ _5"/>, n<span class="_ _5"/>et p<span class="_ _5"/>rof<span class="_ _5"/>i<span class="_ _5"/>t an<span class="_ _5"/>d ea<span class="_ _5"/>rn<span class="_ _5"/>in<span class="_ _5"/>gs p<span class="_ _5"/>e<span class="_ _5"/>r sh<span class="_ _5"/>are a<span class="_ _5"/>re no<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impacted by the<span class="_ _0"/> change in presentation. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis of preparation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e An<span class="_ _5"/>nu<span class="_ _5"/>al re<span class="_ _5"/>p<span class="_ _5"/>or<span class="_ _5"/>t f<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d 1 Ja<span class="_ _5"/>na<span class="_ _5"/>ur<span class="_ _3"/>y - 31 D<span class="_ _5"/>e<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cem<span class="_ _5"/>be<span class="_ _5"/>r 2025 wi<span class="_ _5"/>t<span class="_ _5"/>h com<span class="_ _5"/>pa<span class="_ _5"/>ra<span class="_ _5"/>t<span class="_ _5"/>iv<span class="_ _5"/>e f<span class="_ _5"/>ig<span class="_ _5"/>ure<span class="_ _5"/>s co<span class="_ _5"/>mp<span class="_ _5"/>ri<span class="_ _5"/>se t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated financial statements of<span class="_ _0"/> HusCompagniet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A<span class="_ _5"/>/S (the parent<span class="_ _0"/> company) and<span class="_ _0"/> its subsidiaries (the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements of the Group<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ha<span class="_ _5"/>s be<span class="_ _5"/>en p<span class="_ _5"/>re<span class="_ _5"/>pa<span class="_ _5"/>red o<span class="_ _5"/>n a go<span class="_ _5"/>in<span class="_ _5"/>g co<span class="_ _5"/>nce<span class="_ _5"/>rn b<span class="_ _5"/>as<span class="_ _5"/>is a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in acc<span class="_ _0"/>ordance with IFRS®<span class="_ _0"/> Accounting Standards<span class="_ _0"/> as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ad<span class="_ _5"/>op<span class="_ _5"/>ted b<span class="_ _5"/>y th<span class="_ _5"/>e EU a<span class="_ _5"/>nd a<span class="_ _5"/>dd<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>al re<span class="_ _5"/>qu<span class="_ _5"/>ir<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Danish Financial<span class="_ _0"/> Statements Act applying to class<span class="_ _0"/> D </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">companies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements have been<span class="_ _0"/> pre<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pa<span class="_ _5"/>red o<span class="_ _5"/>n a hi<span class="_ _5"/>s<span class="_ _5"/>tor<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>l cos<span class="_ _5"/>t ba<span class="_ _5"/>si<span class="_ _5"/>s<span class="_ _5"/>, exce<span class="_ _5"/>pt w<span class="_ _5"/>he<span class="_ _5"/>n no<span class="_ _5"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other<span class="_ _5"/>wise in the<span class="_ _0"/> various acc<span class="_ _0"/>ounting policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These c<span class="_ _0"/>onsolidated financial statements are e<span class="_ _0"/>x<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _5"/>ss<span class="_ _5"/>ed i<span class="_ _5"/>n D<span class="_ _5"/>KK<span class="_ _5"/>, a<span class="_ _5"/>s it i<span class="_ _5"/>s Hu<span class="_ _5"/>sC<span class="_ _5"/>o<span class="_ _5"/>mp<span class="_ _5"/>ag<span class="_ _5"/>nie<span class="_ _5"/>t A<span class="_ _3"/>/S’ f<span class="_ _5"/>un<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">al and<span class="_ _0"/> presentation currency<span class="_ _0"/>. All values<span class="_ _0"/> are rounded<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to t<span class="_ _5"/>he ne<span class="_ _5"/>ar<span class="_ _5"/>es<span class="_ _5"/>t D<span class="_ _5"/>KK‘<span class="_ _5"/>0<span class="_ _5"/>00.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Applying materialit<span class="_ _5"/>y</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The financial statements are<span class="_ _0"/> a result o<span class="_ _0"/>f processing<span class="_ _0"/> a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">large number<span class="_ _0"/> of transactions and aggr<span class="_ _0"/>egating those </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transac<span class="_ _5"/>tions into<span class="_ _0"/> classes according<span class="_ _0"/> to their<span class="_ _0"/> nature.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When aggregated,<span class="_ _0"/> the transac<span class="_ _5"/>tions are<span class="_ _0"/> presented in<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">classes of<span class="_ _0"/> similar items<span class="_ _0"/> in the financial statements. If </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a line<span class="_ _0"/> item is not<span class="_ _0"/> individually material, it<span class="_ _0"/> is aggregated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with other items<span class="_ _0"/> of similar n<span class="_ _0"/>ature in<span class="_ _0"/> the financial state<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt<span class="_ _5"/>s o<span class="_ _5"/>r in t<span class="_ _5"/>he n<span class="_ _5"/>ote<span class="_ _5"/>s. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">There ar<span class="_ _0"/>e substantial disclouse requirements </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">throughout IFRS. Management pro<span class="_ _0"/>vides specific </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosures r<span class="_ _0"/>equired by<span class="_ _0"/> IFRS unless the inf<span class="_ _0"/>ormation is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considered<span class="_ _0"/> immaterial<span class="_ _0"/> to the<span class="_ _0"/> economic decision-mak<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g of t<span class="_ _5"/>he u<span class="_ _5"/>se<span class="_ _5"/>rs o<span class="_ _5"/>f th<span class="_ _5"/>e f<span class="_ _5"/>i<span class="_ _5"/>nac<span class="_ _5"/>ia<span class="_ _5"/>l s<span class="_ _5"/>ta<span class="_ _5"/>tem<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s o<span class="_ _5"/>r not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">applicable.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis of c<span class="_ _0"/>onsolidation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements comprise the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">parent c<span class="_ _0"/>ompany<span class="_ _0"/>, HusCompagniet A/S, and entities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>t<span class="_ _5"/>rol<span class="_ _5"/>le<span class="_ _5"/>d by H<span class="_ _5"/>us<span class="_ _5"/>Co<span class="_ _5"/>mp<span class="_ _5"/>ag<span class="_ _5"/>ni<span class="_ _5"/>et A<span class="_ _3"/>/S<span class="_ _5"/>. C<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ol ex<span class="_ _5"/>i<span class="_ _5"/>st<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">when HusCompagniet A/S holds or has<span class="_ _0"/> the ability,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">di<span class="_ _5"/>rec<span class="_ _3"/>tl<span class="_ _5"/>y or i<span class="_ _5"/>nd<span class="_ _5"/>ir<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>l<span class="_ _5"/>y, to exerc<span class="_ _5"/>is<span class="_ _5"/>e mo<span class="_ _5"/>re t<span class="_ _5"/>ha<span class="_ _5"/>n 50<span class="_ _5"/>% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of t<span class="_ _5"/>he vo<span class="_ _5"/>ti<span class="_ _5"/>ng r<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _3"/>s or ot<span class="_ _5"/>h<span class="_ _5"/>er<span class="_ _5"/>w<span class="_ _5"/>i<span class="_ _5"/>se ha<span class="_ _5"/>s co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>l of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiary in question. The financial statements of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiaries are<span class="_ _0"/> included in<span class="_ _0"/> the consolidated<span class="_ _0"/> f<span class="_ _5"/>inancial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements from the<span class="_ _0"/> date on<span class="_ _0"/> which control<span class="_ _0"/> commenc<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es u<span class="_ _5"/>nt<span class="_ _5"/>il t<span class="_ _5"/>he d<span class="_ _5"/>at<span class="_ _5"/>e on w<span class="_ _5"/>hi<span class="_ _5"/>ch co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>l ce<span class="_ _5"/>as<span class="_ _5"/>es<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The financial statements of the<span class="_ _0"/> subsidiaries are<span class="_ _0"/> pre<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pared for<span class="_ _0"/> the same financial r<span class="_ _0"/>epor<span class="_ _5"/>ting period as that<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of HusCompagniet A/S using c<span class="_ _0"/>onsistent accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On consolidation, intragroup<span class="_ _0"/> balances and<span class="_ _0"/> intragroup </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transac<span class="_ _5"/>tions are<span class="_ _0"/> eliminated in<span class="_ _0"/> full.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These c<span class="_ _0"/>onsolidated financial statements comprises </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial statements of HusCompagniet A/S and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">its subsidiar<span class="_ _5"/>y companies,<span class="_ _0"/> which are<span class="_ _0"/> listed in not<span class="_ _0"/>e 6.6.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign currency translation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>ransactions and balances</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign currency transactions are initially<span class="_ _0"/> recorded </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by the<span class="_ _0"/> Group entities at their<span class="_ _0"/> respect<span class="_ _5"/>ive functional </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currency rates<span class="_ _0"/> at the<span class="_ _0"/> date of<span class="_ _0"/> the transaction.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Monetar<span class="_ _5"/>y assets and liabilities denominat<span class="_ _0"/>ed in f<span class="_ _0"/>oreign </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currencies<span class="_ _0"/> are translated at<span class="_ _0"/> the functional currency </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">spot rate<span class="_ _0"/> of e<span class="_ _0"/>xchange<span class="_ _0"/> at the re<span class="_ _0"/>por<span class="_ _5"/>ting date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All differences are<span class="_ _0"/> recognised in<span class="_ _0"/> the income<span class="_ _0"/> state<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment under financial it<span class="_ _0"/>ems. Non-<span class="_ _5"/>monetar<span class="_ _5"/>y items that<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d in te<span class="_ _5"/>rm<span class="_ _5"/>s of h<span class="_ _5"/>is<span class="_ _5"/>to<span class="_ _5"/>ri<span class="_ _5"/>ca<span class="_ _5"/>l cos<span class="_ _5"/>t i<span class="_ _5"/>n a fo<span class="_ _5"/>rei<span class="_ _5"/>gn </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currency are<span class="_ _0"/> translated using the e<span class="_ _0"/>xchange rat<span class="_ _0"/>es at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the dates<span class="_ _0"/> of the initial<span class="_ _0"/> transac<span class="_ _5"/>tions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group companies<span class="_ _0"/><span class="fc1 ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On consolidation, the<span class="_ _0"/> assets and liabilities of<span class="_ _0"/> foreign </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns a<span class="_ _5"/>re t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>la<span class="_ _5"/>te<span class="_ _5"/>d in<span class="_ _5"/>to D<span class="_ _5"/>KK a<span class="_ _5"/>t th<span class="_ _5"/>e sp<span class="_ _5"/>ot r<span class="_ _5"/>at<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of e<span class="_ _0"/>xchange at<span class="_ _0"/> the reporting date<span class="_ _0"/> and their<span class="_ _0"/> income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">st<span class="_ _5"/>a<span class="_ _5"/>tem<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s ar<span class="_ _5"/>e tr<span class="_ _5"/>an<span class="_ _5"/>sl<span class="_ _5"/>at<span class="_ _5"/>ed a<span class="_ _5"/>t th<span class="_ _5"/>e sp<span class="_ _5"/>ot ex<span class="_ _5"/>cha<span class="_ _5"/>ng<span class="_ _5"/>e r<span class="_ _5"/>ate<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the<span class="_ _0"/> dates of<span class="_ _0"/> the transactions. An average<span class="_ _0"/> exch<span class="_ _0"/>ange </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ra<span class="_ _5"/>te fo<span class="_ _5"/>r ea<span class="_ _5"/>ch m<span class="_ _5"/>on<span class="_ _5"/>th i<span class="_ _5"/>s us<span class="_ _5"/>ed a<span class="_ _5"/>s t<span class="_ _5"/>he exc<span class="_ _5"/>ha<span class="_ _5"/>ng<span class="_ _5"/>e ra<span class="_ _5"/>te </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at t<span class="_ _5"/>he t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>ac<span class="_ _3"/>ti<span class="_ _5"/>on d<span class="_ _5"/>ate t<span class="_ _5"/>o th<span class="_ _5"/>e ex<span class="_ _5"/>t<span class="_ _5"/>en<span class="_ _5"/>t th<span class="_ _5"/>at t<span class="_ _5"/>hi<span class="_ _5"/>s do<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not g<span class="_ _5"/>i<span class="_ _5"/>ve a si<span class="_ _5"/>gn<span class="_ _5"/>if<span class="_ _3"/>ica<span class="_ _5"/>n<span class="_ _5"/>tl<span class="_ _5"/>y di<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>ere<span class="_ _5"/>nt v<span class="_ _5"/>i<span class="_ _5"/>ew. Ex<span class="_ _5"/>cha<span class="_ _5"/>ng<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">differences arising<span class="_ _0"/> on translation f<span class="_ _0"/>or consolidation<span class="_ _0"/> are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in<span class="_ _0"/> other comprehensive<span class="_ _0"/> income.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">An<span class="_ _5"/>y go<span class="_ _5"/>od<span class="_ _5"/>w<span class="_ _5"/>ill a<span class="_ _5"/>ri<span class="_ _5"/>si<span class="_ _5"/>ng o<span class="_ _5"/>n t<span class="_ _5"/>he a<span class="_ _5"/>cqu<span class="_ _5"/>is<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>on of a f<span class="_ _5"/>or<span class="_ _5"/>ei<span class="_ _5"/>gn </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n an<span class="_ _5"/>d an<span class="_ _5"/>y fa<span class="_ _5"/>ir v<span class="_ _5"/>al<span class="_ _5"/>ue a<span class="_ _5"/>dj<span class="_ _5"/>us<span class="_ _5"/>t<span class="_ _5"/>me<span class="_ _5"/>nt<span class="_ _5"/>s t<span class="_ _5"/>o th<span class="_ _5"/>e ca<span class="_ _5"/>r-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">r<span class="_ _5"/>ying amounts of assets and<span class="_ _0"/> liabilities arising on<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acq<span class="_ _5"/>ui<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n are t<span class="_ _5"/>re<span class="_ _5"/>ate<span class="_ _5"/>d a<span class="_ _5"/>s as<span class="_ _5"/>set<span class="_ _5"/>s a<span class="_ _5"/>n<span class="_ _5"/>d lia<span class="_ _5"/>bi<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreign<span class="_ _0"/> operations and ar<span class="_ _0"/>e translated<span class="_ _0"/> at the closing<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rate o<span class="_ _0"/>f ex<span class="_ _0"/>change.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Implementation of ne<span class="_ _0"/>w or amended<span class="_ _0"/> <span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">standards and int<span class="_ _0"/>erpretations</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acc<span class="_ _0"/>ounting policies adopted<span class="_ _0"/> in the preparation<span class="_ _0"/> of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the consolidated<span class="_ _0"/> financial statements are consistent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with those applied in<span class="_ _0"/> the preparation of<span class="_ _0"/> the Group’<span class="_ _0"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated annual<span class="_ _0"/> financial statements for the y<span class="_ _0"/>ear </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">en<span class="_ _5"/>de<span class="_ _5"/>d 31 D<span class="_ _5"/>ec<span class="_ _5"/>em<span class="_ _5"/>be<span class="_ _5"/>r 2024, exce<span class="_ _5"/>pt fo<span class="_ _5"/>r t<span class="_ _5"/>he a<span class="_ _5"/>do<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">new s<span class="_ _5"/>t<span class="_ _5"/>an<span class="_ _5"/>da<span class="_ _5"/>rd<span class="_ _5"/>s ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>ve a<span class="_ _5"/>t 1 Jan<span class="_ _5"/>ua<span class="_ _5"/>r<span class="_ _5"/>y 2025<span class="_ _5"/>. Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has not<span class="_ _0"/> early adopted<span class="_ _0"/> any standard,<span class="_ _0"/> interpretation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or a<span class="_ _5"/>me<span class="_ _5"/>nd<span class="_ _5"/>me<span class="_ _5"/>nt t<span class="_ _5"/>ha<span class="_ _5"/>t ha<span class="_ _5"/>s be<span class="_ _5"/>en i<span class="_ _5"/>s<span class="_ _5"/>sue<span class="_ _5"/>d b<span class="_ _5"/>ut i<span class="_ _5"/>s no<span class="_ _5"/>t yet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>ve. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has adopted<span class="_ _0"/> relevant<span class="_ _0"/> new or<span class="_ _0"/> amended </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">standards (IFRS) and<span class="_ _0"/> interpretations (IFRIC) as<span class="_ _0"/> adopt<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed by t<span class="_ _5"/>h<span class="_ _5"/>e EU w<span class="_ _5"/>hi<span class="_ _5"/>ch ar<span class="_ _5"/>e ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>ve fo<span class="_ _5"/>r t<span class="_ _5"/>he f<span class="_ _5"/>i<span class="_ _5"/>na<span class="_ _5"/>nci<span class="_ _5"/>al y<span class="_ _5"/>ea<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">en<span class="_ _5"/>de<span class="_ _5"/>d at 3<span class="_ _5"/>1 De<span class="_ _5"/>ce<span class="_ _5"/>mb<span class="_ _5"/>er 2025<span class="_ _5"/>. Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s as<span class="_ _5"/>se<span class="_ _5"/>ss<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">that the new<span class="_ _0"/> or amended standards and<span class="_ _0"/> interpreta<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tions have<span class="_ _0"/> not had<span class="_ _0"/> any material<span class="_ _0"/> impact on the Group<span class="_ _0"/>’s<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>nu<span class="_ _5"/>al re<span class="_ _5"/>po<span class="_ _5"/>r<span class="_ _5"/>t f<span class="_ _5"/>or 2025. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> expec<span class="_ _5"/>ts to implement the<span class="_ _0"/> new standards </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wh<span class="_ _5"/>en t<span class="_ _5"/>he<span class="_ _5"/>y be<span class="_ _5"/>com<span class="_ _5"/>e ef<span class="_ _3"/>fec<span class="_ _3"/>ti<span class="_ _5"/>ve. I<span class="_ _5"/>t h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n as<span class="_ _5"/>se<span class="_ _5"/>ss<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">that the implementation of<span class="_ _0"/> the new<span class="_ _0"/> standards will not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hav<span class="_ _5"/>e any s<span class="_ _5"/>ig<span class="_ _5"/>ni<span class="_ _5"/>f<span class="_ _5"/>ic<span class="_ _5"/>an<span class="_ _5"/>t ef<span class="_ _3"/>fec<span class="_ _3"/>t on re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>it<span class="_ _5"/>io<span class="_ _5"/>n or m<span class="_ _5"/>ea<span class="_ _5"/>s<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">urement.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Furthermo<span class="_ _5"/>re,<span class="_ _0"/> new or<span class="_ _0"/> amended IFRS Acc<span class="_ _0"/>ounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Standards and<span class="_ _0"/> interpretations issued<span class="_ _0"/> by the<span class="_ _0"/> IASB </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>at h<span class="_ _5"/>ave n<span class="_ _5"/>ot ye<span class="_ _5"/>t be<span class="_ _5"/>co<span class="_ _5"/>me e<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>ive a<span class="_ _5"/>re g<span class="_ _5"/>en<span class="_ _5"/>er<span class="_ _5"/>al<span class="_ _5"/>ly </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not a<span class="_ _5"/>d<span class="_ _5"/>op<span class="_ _5"/>ted u<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>l th<span class="_ _5"/>ey b<span class="_ _5"/>eco<span class="_ _5"/>me e<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>iv<span class="_ _5"/>e an<span class="_ _5"/>d are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">endorsed by the<span class="_ _0"/> EU. Management<span class="_ _0"/> does not anticipat<span class="_ _0"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">any significant impact on the c<span class="_ _0"/>onsolidated financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements in the period of<span class="_ _0"/> initial application from<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adoption of<span class="_ _0"/> these new<span class="_ _0"/> standards and amendments, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ap<span class="_ _5"/>ar<span class="_ _5"/>t f<span class="_ _5"/>ro<span class="_ _5"/>m I<span class="_ _5"/>FRS 1<span class="_ _5"/>8 ‘<span class="_ _5"/>Pre<span class="_ _5"/>se<span class="_ _5"/>nt<span class="_ _5"/>a<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>nd D<span class="_ _5"/>is<span class="_ _5"/>cl<span class="_ _5"/>os<span class="_ _5"/>ure i<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial Statements’<span class="_ _0"/> which replaces<span class="_ _0"/> IAS 1 effect<span class="_ _5"/>ive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fro<span class="_ _5"/>m 1 Ja<span class="_ _5"/>nu<span class="_ _5"/>ar<span class="_ _3"/>y 2027<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">IF<span class="_ _5"/>RS 1<span class="_ _5"/>8 Pre<span class="_ _5"/>se<span class="_ _5"/>nta<span class="_ _5"/>ti<span class="_ _5"/>on an<span class="_ _5"/>d Di<span class="_ _5"/>scl<span class="_ _5"/>osu<span class="_ _5"/>re in F<span class="_ _5"/>ina<span class="_ _5"/>nci<span class="_ _5"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Statements</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">IF<span class="_ _5"/>RS 1<span class="_ _5"/>8<span class="_ _5"/>, wh<span class="_ _5"/>ic<span class="_ _5"/>h rep<span class="_ _5"/>la<span class="_ _5"/>ce<span class="_ _5"/>s IA<span class="_ _5"/>S 1 P<span class="_ _5"/>res<span class="_ _5"/>en<span class="_ _5"/>ta<span class="_ _5"/>t<span class="_ _5"/>ion o<span class="_ _5"/>f Fi<span class="_ _5"/>na<span class="_ _5"/>nc<span class="_ _5"/>ia<span class="_ _5"/>l </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Statements, introduces new<span class="_ _0"/> presentation require<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt<span class="_ _5"/>s re<span class="_ _5"/>la<span class="_ _5"/>te<span class="_ _5"/>d to t<span class="_ _5"/>he s<span class="_ _5"/>t<span class="_ _5"/>ate<span class="_ _5"/>me<span class="_ _5"/>nt o<span class="_ _5"/>f pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t or l<span class="_ _5"/>os<span class="_ _5"/>s, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">including ne<span class="_ _0"/>w categories<span class="_ _0"/> of inc<span class="_ _0"/>ome and e<span class="_ _0"/>xpenses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(i.e.,<span class="_ _0"/> operating, f<span class="_ _5"/>inancing, inv<span class="_ _0"/>esting). IFRS 18 r<span class="_ _0"/>equires </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosure o<span class="_ _0"/>f management-def<span class="_ _5"/>ined performance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measures and<span class="_ _0"/> includes new<span class="_ _0"/> requirements for the<span class="_ _0"/> ag<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gregation and<span class="_ _0"/> disaggregation of<span class="_ _0"/> financial information.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In a<span class="_ _5"/>dd<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on<span class="_ _5"/>, am<span class="_ _5"/>en<span class="_ _5"/>dm<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s hav<span class="_ _5"/>e be<span class="_ _5"/>en m<span class="_ _5"/>ad<span class="_ _5"/>e to I<span class="_ _5"/>A<span class="_ _5"/>S 7 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">St<span class="_ _5"/>ate<span class="_ _5"/>me<span class="_ _5"/>nt o<span class="_ _5"/>f C<span class="_ _5"/>as<span class="_ _5"/>h Flo<span class="_ _5"/>ws<span class="_ _5"/>, to c<span class="_ _5"/>ha<span class="_ _5"/>ng<span class="_ _5"/>e th<span class="_ _5"/>e s<span class="_ _5"/>ta<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>in<span class="_ _5"/>g po<span class="_ _5"/>in<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for det<span class="_ _0"/>ermining cash<span class="_ _0"/> flows from operations under<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">indirect method and to<span class="_ _0"/> remove<span class="_ _0"/> the optionality around </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">classification of cash<span class="_ _0"/> flows from dividends and<span class="_ _0"/> inter<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es<span class="_ _5"/>t<span class="_ _5"/>. Th<span class="_ _5"/>e ad<span class="_ _5"/>op<span class="_ _5"/>t<span class="_ _5"/>ion o<span class="_ _5"/>f th<span class="_ _5"/>e s<span class="_ _5"/>ta<span class="_ _5"/>nd<span class="_ _5"/>ar<span class="_ _5"/>d is n<span class="_ _5"/>ot ex<span class="_ _5"/>p<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>ed to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">result in<span class="_ _0"/> changes to<span class="_ _0"/> the Group's<span class="_ _0"/> existing accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">po<span class="_ _5"/>li<span class="_ _5"/>cie<span class="_ _5"/>s an<span class="_ _5"/>d i<span class="_ _5"/>s not e<span class="_ _5"/>xp<span class="_ _5"/>ec<span class="_ _3"/>ted t<span class="_ _5"/>o af<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _5"/>t n<span class="_ _5"/>et p<span class="_ _5"/>rof<span class="_ _3"/>it<span class="_ _5"/>s<span class="_ _5"/>. Ho<span class="_ _5"/>w<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eve<span class="_ _5"/>r, the in<span class="_ _5"/>t<span class="_ _5"/>rod<span class="_ _5"/>uc<span class="_ _3"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f new c<span class="_ _5"/>at<span class="_ _5"/>eg<span class="_ _5"/>or<span class="_ _5"/>ie<span class="_ _5"/>s to t<span class="_ _5"/>he s<span class="_ _5"/>t<span class="_ _5"/>ate<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt o<span class="_ _5"/>f pro<span class="_ _5"/>f<span class="_ _5"/>it o<span class="_ _5"/>r l<span class="_ _5"/>os<span class="_ _5"/>s is ex<span class="_ _5"/>p<span class="_ _5"/>ec<span class="_ _5"/>te<span class="_ _5"/>d to r<span class="_ _5"/>eq<span class="_ _5"/>ui<span class="_ _5"/>re re<span class="_ _5"/>cl<span class="_ _5"/>as<span class="_ _5"/>si<span class="_ _5"/>f<span class="_ _5"/>i<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f cer<span class="_ _3"/>ta<span class="_ _5"/>in a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>s in t<span class="_ _5"/>he s<span class="_ _5"/>t<span class="_ _5"/>ate<span class="_ _5"/>me<span class="_ _5"/>n<span class="_ _5"/>t of pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loss and r<span class="_ _0"/>edefinit<span class="_ _5"/>ion of<span class="_ _0"/> key<span class="_ _0"/> financial measures.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis of preparation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e An<span class="_ _5"/>nu<span class="_ _5"/>al re<span class="_ _5"/>p<span class="_ _5"/>or<span class="_ _5"/>t f<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d 1 Ja<span class="_ _5"/>na<span class="_ _5"/>ur<span class="_ _3"/>y - 31 D<span class="_ _5"/>e<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cem<span class="_ _5"/>be<span class="_ _5"/>r 2025 wi<span class="_ _5"/>t<span class="_ _5"/>h com<span class="_ _5"/>pa<span class="_ _5"/>ra<span class="_ _5"/>t<span class="_ _5"/>iv<span class="_ _5"/>e f<span class="_ _5"/>ig<span class="_ _5"/>ure<span class="_ _5"/>s co<span class="_ _5"/>mp<span class="_ _5"/>ri<span class="_ _5"/>se t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated financial statements of<span class="_ _0"/> HusCompagniet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A<span class="_ _5"/>/S (the parent<span class="_ _0"/> company) and<span class="_ _0"/> its subsidiaries (the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements of the Group<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ha<span class="_ _5"/>s be<span class="_ _5"/>en p<span class="_ _5"/>re<span class="_ _5"/>pa<span class="_ _5"/>red o<span class="_ _5"/>n a go<span class="_ _5"/>in<span class="_ _5"/>g co<span class="_ _5"/>nce<span class="_ _5"/>rn b<span class="_ _5"/>as<span class="_ _5"/>is a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in acc<span class="_ _0"/>ordance with IFRS®<span class="_ _0"/> Accounting Standards<span class="_ _0"/> as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ad<span class="_ _5"/>op<span class="_ _5"/>ted b<span class="_ _5"/>y th<span class="_ _5"/>e EU a<span class="_ _5"/>nd a<span class="_ _5"/>dd<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>al re<span class="_ _5"/>qu<span class="_ _5"/>ir<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Danish Financial<span class="_ _0"/> Statements Act applying to class<span class="_ _0"/> D </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">companies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements have been<span class="_ _0"/> pre<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pa<span class="_ _5"/>red o<span class="_ _5"/>n a hi<span class="_ _5"/>s<span class="_ _5"/>tor<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>l cos<span class="_ _5"/>t ba<span class="_ _5"/>si<span class="_ _5"/>s<span class="_ _5"/>, exce<span class="_ _5"/>pt w<span class="_ _5"/>he<span class="_ _5"/>n no<span class="_ _5"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other<span class="_ _5"/>wise in the<span class="_ _0"/> various acc<span class="_ _0"/>ounting policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These c<span class="_ _0"/>onsolidated financial statements are e<span class="_ _0"/>x<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _5"/>ss<span class="_ _5"/>ed i<span class="_ _5"/>n D<span class="_ _5"/>KK<span class="_ _5"/>, a<span class="_ _5"/>s it i<span class="_ _5"/>s Hu<span class="_ _5"/>sC<span class="_ _5"/>o<span class="_ _5"/>mp<span class="_ _5"/>ag<span class="_ _5"/>nie<span class="_ _5"/>t A<span class="_ _3"/>/S’ f<span class="_ _5"/>un<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">al and<span class="_ _0"/> presentation currency<span class="_ _0"/>. All values<span class="_ _0"/> are rounded<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to t<span class="_ _5"/>he ne<span class="_ _5"/>ar<span class="_ _5"/>es<span class="_ _5"/>t D<span class="_ _5"/>KK‘<span class="_ _5"/>0<span class="_ _5"/>00.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Applying materialit<span class="_ _5"/>y</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The financial statements are<span class="_ _0"/> a result o<span class="_ _0"/>f processing<span class="_ _0"/> a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">large number<span class="_ _0"/> of transactions and aggr<span class="_ _0"/>egating those </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transac<span class="_ _5"/>tions into<span class="_ _0"/> classes according<span class="_ _0"/> to their<span class="_ _0"/> nature.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When aggregated,<span class="_ _0"/> the transac<span class="_ _5"/>tions are<span class="_ _0"/> presented in<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">classes of<span class="_ _0"/> similar items<span class="_ _0"/> in the financial statements. If </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a line<span class="_ _0"/> item is not<span class="_ _0"/> individually material, it<span class="_ _0"/> is aggregated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with other items<span class="_ _0"/> of similar n<span class="_ _0"/>ature in<span class="_ _0"/> the financial state<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt<span class="_ _5"/>s o<span class="_ _5"/>r in t<span class="_ _5"/>he n<span class="_ _5"/>ote<span class="_ _5"/>s. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">There ar<span class="_ _0"/>e substantial disclouse requirements </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">throughout IFRS. Management pro<span class="_ _0"/>vides specific </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disclosures r<span class="_ _0"/>equired by<span class="_ _0"/> IFRS unless the inf<span class="_ _0"/>ormation is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considered<span class="_ _0"/> immaterial<span class="_ _0"/> to the<span class="_ _0"/> economic decision-mak<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g of t<span class="_ _5"/>he u<span class="_ _5"/>se<span class="_ _5"/>rs o<span class="_ _5"/>f th<span class="_ _5"/>e f<span class="_ _5"/>i<span class="_ _5"/>nac<span class="_ _5"/>ia<span class="_ _5"/>l s<span class="_ _5"/>ta<span class="_ _5"/>tem<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s o<span class="_ _5"/>r not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">applicable.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements of the Group<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ha<span class="_ _5"/>s be<span class="_ _5"/>en p<span class="_ _5"/>re<span class="_ _5"/>pa<span class="_ _5"/>red o<span class="_ _5"/>n a go<span class="_ _5"/>in<span class="_ _5"/>g co<span class="_ _5"/>nce<span class="_ _5"/>rn b<span class="_ _5"/>as<span class="_ _5"/>is a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in acc<span class="_ _0"/>ordance with IFRS®<span class="_ _0"/> Accounting Standards<span class="_ _0"/> as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ad<span class="_ _5"/>op<span class="_ _5"/>ted b<span class="_ _5"/>y th<span class="_ _5"/>e EU a<span class="_ _5"/>nd a<span class="_ _5"/>dd<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>al re<span class="_ _5"/>qu<span class="_ _5"/>ir<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Danish Financial<span class="_ _0"/> Statements Act applying to class<span class="_ _0"/> D </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">companies.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis of c<span class="_ _0"/>onsolidation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidat<span class="_ _0"/>ed financial statements comprise the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">parent c<span class="_ _0"/>ompany<span class="_ _0"/>, HusCompagniet A/S, and entities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>t<span class="_ _5"/>rol<span class="_ _5"/>le<span class="_ _5"/>d by H<span class="_ _5"/>us<span class="_ _5"/>Co<span class="_ _5"/>mp<span class="_ _5"/>ag<span class="_ _5"/>ni<span class="_ _5"/>et A<span class="_ _3"/>/S<span class="_ _5"/>. C<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ol ex<span class="_ _5"/>i<span class="_ _5"/>st<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">when HusCompagniet A/S holds or has<span class="_ _0"/> the ability,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">di<span class="_ _5"/>rec<span class="_ _3"/>tl<span class="_ _5"/>y or i<span class="_ _5"/>nd<span class="_ _5"/>ir<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>l<span class="_ _5"/>y, to exerc<span class="_ _5"/>is<span class="_ _5"/>e mo<span class="_ _5"/>re t<span class="_ _5"/>ha<span class="_ _5"/>n 50<span class="_ _5"/>% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of t<span class="_ _5"/>he vo<span class="_ _5"/>ti<span class="_ _5"/>ng r<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _3"/>s or ot<span class="_ _5"/>h<span class="_ _5"/>er<span class="_ _5"/>w<span class="_ _5"/>i<span class="_ _5"/>se ha<span class="_ _5"/>s co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>l of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiary in question. The financial statements of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiaries are<span class="_ _0"/> included in<span class="_ _0"/> the consolidated<span class="_ _0"/> f<span class="_ _5"/>inancial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements from the<span class="_ _0"/> date on<span class="_ _0"/> which control<span class="_ _0"/> commenc<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es u<span class="_ _5"/>nt<span class="_ _5"/>il t<span class="_ _5"/>he d<span class="_ _5"/>at<span class="_ _5"/>e on w<span class="_ _5"/>hi<span class="_ _5"/>ch co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>l ce<span class="_ _5"/>as<span class="_ _5"/>es<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The financial statements of the<span class="_ _0"/> subsidiaries are<span class="_ _0"/> pre<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pared for<span class="_ _0"/> the same financial r<span class="_ _0"/>epor<span class="_ _5"/>ting period as that<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of HusCompagniet A/S using c<span class="_ _0"/>onsistent accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On consolidation, intragroup<span class="_ _0"/> balances and<span class="_ _0"/> intragroup </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transac<span class="_ _5"/>tions are<span class="_ _0"/> eliminated in<span class="_ _0"/> full.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">These c<span class="_ _0"/>onsolidated financial statements comprises </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the financial statements of HusCompagniet A/S and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">its subsidiar<span class="_ _5"/>y companies,<span class="_ _0"/> which are<span class="_ _0"/> listed in not<span class="_ _0"/>e 6.6.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign currency translation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>ransactions and balances</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign currency transactions are initially<span class="_ _0"/> recorded </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by the<span class="_ _0"/> Group entities at their<span class="_ _0"/> respect<span class="_ _5"/>ive functional </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currency rates<span class="_ _0"/> at the<span class="_ _0"/> date of<span class="_ _0"/> the transaction.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Monetar<span class="_ _5"/>y assets and liabilities denominat<span class="_ _0"/>ed in f<span class="_ _0"/>oreign </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currencies<span class="_ _0"/> are translated at<span class="_ _0"/> the functional currency </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">spot rate<span class="_ _0"/> of e<span class="_ _0"/>xchange<span class="_ _0"/> at the re<span class="_ _0"/>por<span class="_ _5"/>ting date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All differences are<span class="_ _0"/> recognised in<span class="_ _0"/> the income<span class="_ _0"/> state<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment under financial it<span class="_ _0"/>ems. Non-<span class="_ _5"/>monetar<span class="_ _5"/>y items that<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d in te<span class="_ _5"/>rm<span class="_ _5"/>s of h<span class="_ _5"/>is<span class="_ _5"/>to<span class="_ _5"/>ri<span class="_ _5"/>ca<span class="_ _5"/>l cos<span class="_ _5"/>t i<span class="_ _5"/>n a fo<span class="_ _5"/>rei<span class="_ _5"/>gn </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currency are<span class="_ _0"/> translated using the e<span class="_ _0"/>xchange rat<span class="_ _0"/>es at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the dates<span class="_ _0"/> of the initial<span class="_ _0"/> transac<span class="_ _5"/>tions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign currency translation reser<span class="_ _5"/>ve</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The reserve c<span class="_ _0"/>omprises currency translation adjust<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ments arising on the<span class="_ _0"/> translation of financial state<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ments of foreign<span class="_ _0"/> subsidiaries fr<span class="_ _0"/>om their functional </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currencies<span class="_ _0"/> into the presentation<span class="_ _0"/> currency used by<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">HusCompagniet.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 1<span class="_ _3"/>.3<span class="ff48 fc0 lsae wsb1"> <span class="_ _d7"> </span>Cl<span class="_ _5"/>i<span class="_ _5"/>m<span class="_ _5"/>a<span class="_ _5"/>te<span class="_ _3"/>-<span class="_ _5"/>r<span class="_ _5"/>e<span class="_ _5"/>la<span class="_ _3"/>te<span class="_ _5"/>d<span class="_ _5"/> r<span class="_ _3"/>i<span class="_ _5"/>s<span class="_ _5"/>ks</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Climate-<span class="_ _5"/>related risks</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Political risks emerge<span class="_ _0"/> from potential<span class="_ _0"/> escalations in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">emission-<span class="_ _5"/>related c<span class="_ _0"/>ost<span class="_ _5"/>s, the premat<span class="_ _0"/>ure introduction </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on t<span class="_ _5"/>he m<span class="_ _5"/>ar<span class="_ _5"/>ket of u<span class="_ _5"/>n<span class="_ _5"/>tes<span class="_ _5"/>te<span class="_ _5"/>d lo<span class="_ _5"/>w<span class="_ _5"/>-<span class="_ _5"/>ca<span class="_ _5"/>rb<span class="_ _5"/>on p<span class="_ _5"/>ro<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>, an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a prefer<span class="_ _0"/>ence for<span class="_ _0"/> refurbishing e<span class="_ _0"/>xist<span class="_ _5"/>ing structures over<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">new-builds. Long-term physical<span class="_ _0"/> risks encompass<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">diminishing availability of lo<span class="_ _0"/>ts withou<span class="_ _5"/>t exposure<span class="_ _0"/> to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">flooding or climatic<span class="_ _0"/> adversities, and prolonged<span class="_ _0"/> con<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">struc<span class="_ _5"/>tion durations due<span class="_ _0"/> to alt<span class="_ _0"/>ered weather<span class="_ _0"/> patterns. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Furthermo<span class="_ _5"/>re,<span class="_ _0"/> the integration of<span class="_ _0"/> tangible climate risks<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">into the<span class="_ _0"/> pricing models<span class="_ _0"/> of mortgages and<span class="_ _0"/> insurance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">policies could<span class="_ _0"/> influence market<span class="_ _0"/> demand. Reputational </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">risks are<span class="_ _0"/> underscored by<span class="_ _0"/> a shift in consumer<span class="_ _0"/> and mar<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ket<span class="_ _0"/> inclinations towards<span class="_ _0"/> environmentally sustainable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">product<span class="_ _5"/>s and the<span class="_ _0"/> political direc<span class="_ _5"/>tive to<span class="_ _0"/> allocate great<span class="_ _0"/>er </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">land areas<span class="_ _0"/> to c<span class="_ _0"/>onser<span class="_ _5"/>vation, potentially curtailing land </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for c<span class="_ _0"/>ommercial de<span class="_ _0"/>velopment.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management believes<span class="_ _0"/> that climate<span class="_ _0"/> change and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">climate-related restrictions can in<span class="_ _0"/> the long t<span class="_ _0"/>erm </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">affec<span class="_ _5"/>t HusCompagniets area of<span class="_ _0"/> business, presenting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">oppor<span class="_ _5"/>tunities as<span class="_ _0"/> well as<span class="_ _0"/> risks. Acc<span class="_ _0"/>ordingly<span class="_ _0"/>, Manage<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment monitors<span class="_ _0"/> the development<span class="_ _0"/> and has<span class="_ _0"/> assessed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the impact on estimates and<span class="_ _0"/> judgements related to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment testing to<span class="_ _0"/> be insignificant.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Interest rate risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">HusCompagniet is<span class="_ _0"/> exposed t<span class="_ _0"/>o fluc<span class="_ _5"/>tuations in<span class="_ _0"/> market<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest rates<span class="_ _0"/> primarily related<span class="_ _0"/> to the Group<span class="_ _0"/>'s long-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term loa<span class="_ _0"/>ns with floating rates.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ban<span class="_ _5"/>k ag<span class="_ _5"/>re<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t op<span class="_ _5"/>t<span class="_ _5"/>ion f<span class="_ _5"/>or a t<span class="_ _5"/>w<span class="_ _5"/>o<span class="_ _5"/>-<span class="_ _5"/>yea<span class="_ _5"/>r ex<span class="_ _5"/>t<span class="_ _5"/>en<span class="_ _5"/>si<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">was ex<span class="_ _0"/>ercised during<span class="_ _0"/> 20<span class="_ _0"/>25, and<span class="_ _0"/> the bank agreement<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">now c<span class="_ _5"/>ove<span class="_ _5"/>r to 2028.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At 3<span class="_ _5"/>1 De<span class="_ _5"/>cem<span class="_ _5"/>b<span class="_ _5"/>er 2025, t<span class="_ _5"/>h<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p's l<span class="_ _5"/>on<span class="_ _5"/>g<span class="_ _5"/>-<span class="_ _5"/>ter<span class="_ _5"/>m de<span class="_ _5"/>bt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>rr<span class="_ _5"/>ie<span class="_ _5"/>d f<span class="_ _5"/>lo<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t r<span class="_ _5"/>at<span class="_ _5"/>es ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>h<span class="_ _5"/>e 3M C<span class="_ _5"/>I<span class="_ _5"/>BO<span class="_ _5"/>R </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wi<span class="_ _5"/>t<span class="_ _5"/>h a f<span class="_ _5"/>lo<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t r<span class="_ _5"/>ate b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n t<span class="_ _5"/>he qu<span class="_ _5"/>ar<span class="_ _3"/>ter<span class="_ _5"/>l<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">leverage<span class="_ _0"/> ratio.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">If t<span class="_ _5"/>he i<span class="_ _5"/>n<span class="_ _5"/>tere<span class="_ _5"/>s<span class="_ _5"/>t ra<span class="_ _5"/>te h<span class="_ _5"/>ad i<span class="_ _5"/>ncr<span class="_ _5"/>ea<span class="_ _5"/>se<span class="_ _5"/>d (de<span class="_ _5"/>cr<span class="_ _5"/>eas<span class="_ _5"/>ed<span class="_ _5"/>) by 1<span class="_ _5"/>% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _3"/>t on in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t d<span class="_ _5"/>ur<span class="_ _5"/>in<span class="_ _5"/>g 2025 wo<span class="_ _5"/>ul<span class="_ _5"/>d hav<span class="_ _5"/>e be<span class="_ _5"/>en </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n (2024: DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n).</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 1<span class="_ _3"/>.<span class="_ _3"/>2<span class="ff48 fc0 ls3e ws3e"> <span class="_ _5c"> </span>Introduction<span class="_ _5"/> t<span class="_ _0"/>o s<span class="_ _5"/>ig<span class="_ _5"/>nif<span class="_ _3"/>icant<span class="_ _5"/> estimates <span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and judgements</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In preparing<span class="_ _0"/> of the c<span class="_ _0"/>onsolidated financial statements, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management made various<span class="_ _0"/> judgement<span class="_ _5"/>s, estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and assumptions<span class="_ _0"/> concerning<span class="_ _0"/> present and<span class="_ _0"/> future </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eve<span class="_ _5"/>nt<span class="_ _5"/>s t<span class="_ _5"/>ha<span class="_ _5"/>t af<span class="_ _3"/>fec<span class="_ _3"/>ted t<span class="_ _5"/>he a<span class="_ _5"/>pp<span class="_ _5"/>l<span class="_ _5"/>ic<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n of t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up’s ac<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">counting policies<span class="_ _0"/> and the reported amounts of<span class="_ _0"/> assets<span class="_ _5"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities, income and<span class="_ _0"/> expenses. Actual outc<span class="_ _0"/>omes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">may d<span class="_ _5"/>if<span class="_ _3"/>fer f<span class="_ _5"/>ro<span class="_ _5"/>m t<span class="_ _5"/>hes<span class="_ _5"/>e es<span class="_ _5"/>t<span class="_ _5"/>im<span class="_ _5"/>at<span class="_ _5"/>es<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Estimates and assumptions<span class="_ _0"/> are r<span class="_ _0"/>eviewed<span class="_ _0"/> on an ongo<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ing basis<span class="_ _0"/> and have<span class="_ _0"/> been prepared<span class="_ _0"/> taking the financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market<span class="_ _0"/> situation into<span class="_ _0"/> consideration,<span class="_ _0"/> but still ensuring </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>at o<span class="_ _5"/>ne<span class="_ _5"/>-<span class="_ _3"/>of<span class="_ _5"/>f e<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s w<span class="_ _5"/>hi<span class="_ _5"/>ch a<span class="_ _5"/>re no<span class="_ _5"/>t ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d to ex<span class="_ _5"/>is<span class="_ _5"/>t i<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the long<span class="_ _0"/> term do<span class="_ _0"/> not affect estimation and determina<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on o<span class="_ _5"/>f th<span class="_ _5"/>es<span class="_ _5"/>e key fa<span class="_ _5"/>c<span class="_ _5"/>to<span class="_ _5"/>r<span class="_ _5"/>s. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Judgements related<span class="_ _0"/> to dev<span class="_ _0"/>eopment projects and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">leases are<span class="_ _0"/> no longer sign<span class="_ _0"/>if<span class="_ _5"/>icant. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Significant estimates and judgements covering<span class="_ _0"/> specif<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ic a<span class="_ _5"/>ccou<span class="_ _5"/>nt<span class="_ _5"/>s a<span class="_ _5"/>re p<span class="_ _5"/>la<span class="_ _5"/>ce<span class="_ _5"/>d in ea<span class="_ _5"/>ch s<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>on to w<span class="_ _5"/>hi<span class="_ _5"/>ch t<span class="_ _5"/>h<span class="_ _5"/>ey </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">relate<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Estimates related<span class="_ _0"/> to risk o<span class="_ _0"/>f impairment and<span class="_ _0"/> recover<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ab<span class="_ _5"/>il<span class="_ _5"/>it<span class="_ _5"/>y o<span class="_ _5"/>f de<span class="_ _5"/>fe<span class="_ _5"/>rre<span class="_ _5"/>d ta<span class="_ _5"/>x a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s a<span class="_ _5"/>re su<span class="_ _5"/>bj<span class="_ _5"/>ec<span class="_ _5"/>t t<span class="_ _5"/>o im<span class="_ _5"/>pa<span class="_ _5"/>c<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from macr<span class="_ _0"/>o economic<span class="_ _0"/> risks. Fluctuating intere<span class="_ _0"/>st rates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d in<span class="_ _5"/>f<span class="_ _5"/>la<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>re al<span class="_ _5"/>so a<span class="_ _5"/>s<span class="_ _5"/>ses<span class="_ _5"/>se<span class="_ _5"/>d to h<span class="_ _5"/>ave a<span class="_ _5"/>n im<span class="_ _5"/>pa<span class="_ _5"/>c<span class="_ _5"/>t on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fu<span class="_ _5"/>tu<span class="_ _5"/>re ac<span class="_ _3"/>ti<span class="_ _5"/>v<span class="_ _5"/>it<span class="_ _5"/>ie<span class="_ _5"/>s an<span class="_ _5"/>d pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>s. P<span class="_ _5"/>le<span class="_ _5"/>as<span class="_ _5"/>e ref<span class="_ _5"/>er t<span class="_ _5"/>o th<span class="_ _5"/>e ri<span class="_ _5"/>sk </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">management model<span class="_ _0"/> on page<span class="_ _0"/> 73.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:99.28125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Significant estimates and judgements</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.815px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Note</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Recognition and measurement of revenue related to construction contracts </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.963px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.9</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 574.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">aluation of provisions related to reviews of delivered houses, remedial works and disputes </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 136.617px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.9</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 574.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">aluation of non-current assets including goodwill</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 330.48px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.4</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">aluation of deferred tax assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 413.749px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6.9</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _1"/>9<span class="ff48 fc0 lsad wsae"> <span class="_ _183"> </span>Signif<span class="_ _3"/>icant estimates and judgements to </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EBI<span class="_ _5"/>T<span class="_ _5"/>DA<span class="_ _5"/> n<span class="_ _5"/>o<span class="_ _5"/>tes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition<span class="_ _0"/> and measurement<span class="_ _0"/> of reven<span class="_ _0"/>ue related to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">construction contracts</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reve<span class="_ _0"/>nue from<span class="_ _0"/> construc<span class="_ _5"/>tion contracts is recognised<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ove<span class="_ _5"/>r ti<span class="_ _5"/>me i<span class="_ _5"/>n acc<span class="_ _5"/>ord<span class="_ _5"/>an<span class="_ _5"/>ce w<span class="_ _5"/>it<span class="_ _5"/>h I<span class="_ _5"/>FR<span class="_ _5"/>S 15<span class="_ _5"/>, as co<span class="_ _5"/>n<span class="_ _5"/>tr<span class="_ _5"/>ol of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the constructed asset<span class="_ _0"/> is transferred t<span class="_ _0"/>o the customer<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">continuously throughout the c<span class="_ _0"/>onstruc<span class="_ _5"/>tion period. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A key ju<span class="_ _5"/>dg<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t in t<span class="_ _5"/>he r<span class="_ _5"/>ec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f reve<span class="_ _5"/>nu<span class="_ _5"/>e re<span class="_ _5"/>la<span class="_ _5"/>tes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to t<span class="_ _5"/>he a<span class="_ _5"/>sse<span class="_ _5"/>s<span class="_ _5"/>sme<span class="_ _5"/>n<span class="_ _5"/>t of pr<span class="_ _5"/>og<span class="_ _5"/>re<span class="_ _5"/>ss to<span class="_ _5"/>wa<span class="_ _5"/>rd<span class="_ _5"/>s com<span class="_ _5"/>pl<span class="_ _5"/>et<span class="_ _5"/>e sa<span class="_ _5"/>t-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">isfac<span class="_ _5"/>tion of the<span class="_ _0"/> per<span class="_ _5"/>formance obligation<span class="_ _0"/> (percentage of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">completion).<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue<span class="_ _0"/> recognised r<span class="_ _0"/>eflec<span class="_ _5"/>t<span class="_ _5"/>s management’s<span class="_ _0"/> estimate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the<span class="_ _0"/> stage of c<span class="_ _0"/>ompletion at the<span class="_ _0"/> report<span class="_ _5"/>ing date<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Detached houses and W<span class="_ _0"/>ooden houses –<span class="_ _0"/> Time-<span class="_ _5"/>based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measure of progress </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For contract<span class="_ _5"/>s within the detached<span class="_ _0"/> segment, progress </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>red u<span class="_ _5"/>si<span class="_ _5"/>ng a<span class="_ _5"/>n ou<span class="_ _5"/>t<span class="_ _5"/>pu<span class="_ _5"/>t me<span class="_ _5"/>th<span class="_ _5"/>o<span class="_ _5"/>d ba<span class="_ _5"/>se<span class="_ _5"/>d on co<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">struc<span class="_ _5"/>tion time incurr<span class="_ _0"/>ed relative<span class="_ _0"/> to t<span class="_ _0"/>otal estimated c<span class="_ _0"/>on<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">struc<span class="_ _5"/>tion time.<span class="_ _0"/> Construc<span class="_ _5"/>tion days are<span class="_ _0"/> considered<span class="_ _0"/> to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ref<span class="_ _5"/>l<span class="_ _5"/>ec<span class="_ _3"/>t th<span class="_ _5"/>e tr<span class="_ _5"/>an<span class="_ _5"/>s<span class="_ _5"/>fer o<span class="_ _5"/>f co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>l to t<span class="_ _5"/>he cu<span class="_ _5"/>s<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r<span class="_ _0"/>, as t<span class="_ _5"/>h<span class="_ _5"/>ey </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">represent the<span class="_ _0"/> continuous progression<span class="_ _0"/> of the building<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">process<span class="_ _0"/> from commenc<span class="_ _0"/>ement to<span class="_ _0"/> completion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The estimation of<span class="_ _0"/> total<span class="_ _0"/> construc<span class="_ _5"/>tion time in<span class="_ _0"/>volves </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ju<span class="_ _5"/>dg<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t an<span class="_ _5"/>d may b<span class="_ _5"/>e af<span class="_ _3"/>fe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d by ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s in p<span class="_ _5"/>ro<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">execution,<span class="_ _0"/> delays or<span class="_ _0"/> revised planning<span class="_ _0"/> assumptions. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Adjustment<span class="_ _5"/>s to<span class="_ _0"/> total<span class="_ _0"/> estimated construction time will </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impact the stage of<span class="_ _0"/> completion and,<span class="_ _0"/> consequently<span class="_ _0"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">revenue recog<span class="_ _5"/>nise<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Semi-<span class="_ _5"/>detached houses – Cost-to-<span class="_ _5"/>complete method</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For contract<span class="_ _5"/>s within the semi-detached segment, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pro<span class="_ _5"/>g<span class="_ _5"/>res<span class="_ _5"/>s is m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d us<span class="_ _5"/>in<span class="_ _5"/>g an i<span class="_ _5"/>np<span class="_ _5"/>ut m<span class="_ _5"/>et<span class="_ _5"/>ho<span class="_ _5"/>d ba<span class="_ _5"/>se<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s in<span class="_ _5"/>cur<span class="_ _5"/>re<span class="_ _5"/>d to d<span class="_ _5"/>ate r<span class="_ _5"/>el<span class="_ _5"/>at<span class="_ _5"/>iv<span class="_ _5"/>e to to<span class="_ _5"/>ta<span class="_ _5"/>l es<span class="_ _5"/>t<span class="_ _5"/>im<span class="_ _5"/>ate<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost<span class="_ _5"/>s (cos<span class="_ _5"/>t-to<span class="_ _5"/>-<span class="_ _5"/>co<span class="_ _5"/>mpl<span class="_ _5"/>ete met<span class="_ _5"/>hod<span class="_ _5"/>). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e det<span class="_ _5"/>er<span class="_ _5"/>mi<span class="_ _5"/>na<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f tot<span class="_ _5"/>al e<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ma<span class="_ _5"/>te<span class="_ _5"/>d con<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t cos<span class="_ _5"/>t<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">requires s<span class="_ _0"/>ignif<span class="_ _5"/>icant judgement and<span class="_ _0"/> includes estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d to<span class="_ _5"/>ta<span class="_ _5"/>l con<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>uc<span class="_ _3"/>ti<span class="_ _5"/>on co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s. C<span class="_ _5"/>ha<span class="_ _5"/>ng<span class="_ _5"/>es i<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected costs, including c<span class="_ _0"/>ost overruns,<span class="_ _0"/> variations or<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cl<span class="_ _5"/>aim<span class="_ _5"/>s<span class="_ _5"/>, wi<span class="_ _5"/>ll a<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t t<span class="_ _5"/>he c<span class="_ _5"/>al<span class="_ _5"/>cu<span class="_ _5"/>la<span class="_ _5"/>ted s<span class="_ _5"/>t<span class="_ _5"/>ag<span class="_ _5"/>e of co<span class="_ _5"/>mp<span class="_ _5"/>l<span class="_ _5"/>et<span class="_ _5"/>io<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the amount<span class="_ _0"/> of re<span class="_ _0"/>venue rec<span class="_ _0"/>ognised</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Estimation uncert<span class="_ _5"/>ainty </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The most significant estimation uncertaint<span class="_ _5"/>y relates<span class="_ _0"/> to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">total estimated<span class="_ _0"/> contract costs or construction time, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">identificat<span class="_ _5"/>ion and<span class="_ _0"/> treatment of<span class="_ _0"/> variations or<span class="_ _0"/> modif<span class="_ _5"/>ica<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tions and pot<span class="_ _0"/>ential project-specif<span class="_ _5"/>ic risks impacting the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">execution<span class="_ _0"/> and thereby<span class="_ _0"/> the perc<span class="_ _0"/>entage of c<span class="_ _0"/>ompletion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d th<span class="_ _5"/>e reve<span class="_ _5"/>nu<span class="_ _5"/>e re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>it<span class="_ _5"/>io<span class="_ _5"/>n. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Due to<span class="_ _0"/> the inherent unc<span class="_ _0"/>er<span class="_ _5"/>taint<span class="_ _5"/>y in<span class="_ _0"/> estimatin<span class="_ _5"/>g future<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs and project timelines, actual results may<span class="_ _0"/> dif<span class="_ _5"/>fer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from the amounts r<span class="_ _0"/>ecognised at the<span class="_ _0"/> repor<span class="_ _5"/>ting date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At ye<span class="_ _5"/>ar e<span class="_ _5"/>nd<span class="_ _5"/>, rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d reve<span class="_ _5"/>nu<span class="_ _5"/>e fr<span class="_ _5"/>om co<span class="_ _5"/>n<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _5"/>t a<span class="_ _5"/>s<span class="_ _5"/>set<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">am<span class="_ _5"/>ou<span class="_ _5"/>nte<span class="_ _5"/>d to D<span class="_ _5"/>KK 8<span class="_ _5"/>70 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n (2024: DK<span class="_ _5"/>K 511<span class="_ _5"/>). F<span class="_ _5"/>or f<span class="_ _5"/>ur-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>er i<span class="_ _5"/>nf<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>ti<span class="_ _5"/>on w<span class="_ _5"/>e refe<span class="_ _5"/>r to n<span class="_ _5"/>ote 3<span class="_ _5"/>.<span class="_ _5"/>2 Co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _1"/>9<span class="ff48 fc0 lsad wsae"> <span class="_ _183"> </span>Signif<span class="_ _3"/>icant estimat<span class="_ _0"/>es a<span class="_ _5"/>nd judgements to </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">working capi<span class="_ _0"/>tal not<span class="_ _0"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions<span class="_ _0"/> and other commi<span class="_ _0"/>tments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on<span class="_ _5"/>s fo<span class="_ _5"/>r fu<span class="_ _5"/>tu<span class="_ _5"/>re co<span class="_ _5"/>st<span class="_ _5"/>s d<span class="_ _5"/>ue t<span class="_ _5"/>o gu<span class="_ _5"/>ar<span class="_ _5"/>an<span class="_ _5"/>te<span class="_ _5"/>e com<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mi<span class="_ _5"/>tm<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s ar<span class="_ _5"/>e re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d at t<span class="_ _5"/>he a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be re<span class="_ _5"/>qu<span class="_ _5"/>ir<span class="_ _5"/>ed t<span class="_ _5"/>o set<span class="_ _3"/>tl<span class="_ _5"/>e th<span class="_ _5"/>e co<span class="_ _5"/>mm<span class="_ _5"/>it<span class="_ _5"/>me<span class="_ _5"/>nt a<span class="_ _5"/>t t<span class="_ _5"/>he b<span class="_ _5"/>al<span class="_ _5"/>anc<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sheet dat<span class="_ _0"/>e. This<span class="_ _0"/> estimate is bas<span class="_ _0"/>ed on calculations,<span class="_ _0"/> as<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sessments by Company<span class="_ _0"/> Management and experience<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gained from<span class="_ _0"/> past transactions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The most significant k<span class="_ _0"/>ey assumptions include<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cos<span class="_ _5"/>t of e<span class="_ _5"/>xp<span class="_ _5"/>ec<span class="_ _3"/>ted r<span class="_ _5"/>ep<span class="_ _5"/>air<span class="_ _5"/>s f<span class="_ _5"/>ro<span class="_ _5"/>m on<span class="_ _5"/>e<span class="_ _5"/>-y<span class="_ _5"/>ea<span class="_ _5"/>r an<span class="_ _5"/>d f<span class="_ _5"/>iv<span class="_ _5"/>e<span class="_ _5"/>-<span class="_ _5"/>yea<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rev<span class="_ _5"/>ie<span class="_ _5"/>ws o<span class="_ _5"/>f de<span class="_ _5"/>li<span class="_ _5"/>ve<span class="_ _5"/>red h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s. T<span class="_ _5"/>he co<span class="_ _5"/>s<span class="_ _5"/>t es<span class="_ _5"/>t<span class="_ _5"/>im<span class="_ _5"/>ate p<span class="_ _5"/>er </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on<span class="_ _5"/>e<span class="_ _5"/>-y<span class="_ _5"/>ea<span class="_ _5"/>r an<span class="_ _5"/>d f<span class="_ _5"/>iv<span class="_ _5"/>e<span class="_ _5"/>-y<span class="_ _5"/>ea<span class="_ _5"/>r rev<span class="_ _5"/>ie<span class="_ _5"/>w is b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n an av<span class="_ _5"/>er<span class="_ _5"/>ag<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of<span class="_ _0"/> historical repairs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At ye<span class="_ _5"/>ar e<span class="_ _5"/>nd<span class="_ _5"/>, gu<span class="_ _5"/>ar<span class="_ _5"/>an<span class="_ _5"/>tee p<span class="_ _5"/>ro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on<span class="_ _5"/>s am<span class="_ _5"/>ou<span class="_ _5"/>nt<span class="_ _5"/>ed to D<span class="_ _5"/>K<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">91 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on (<span class="_ _5"/>2024: DKK 7<span class="_ _5"/>3 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on)<span class="_ _5"/>, ref<span class="_ _5"/>er to n<span class="_ _5"/>ote 3<span class="_ _5"/>.4 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Guarantee commitments and contingent li<span class="_ _0"/>abilities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prov<span class="_ _5"/>is<span class="_ _5"/>ion<span class="_ _5"/>s rel<span class="_ _5"/>at<span class="_ _5"/>ed to r<span class="_ _5"/>evi<span class="_ _5"/>ews o<span class="_ _5"/>f de<span class="_ _5"/>liv<span class="_ _5"/>ere<span class="_ _5"/>d hou<span class="_ _5"/>se<span class="_ _5"/>s</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>s pro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on<span class="_ _5"/>s fo<span class="_ _5"/>r fu<span class="_ _5"/>tu<span class="_ _5"/>re co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rel<span class="_ _5"/>at<span class="_ _5"/>i<span class="_ _5"/>ng to o<span class="_ _5"/>ne<span class="_ _5"/>-<span class="_ _5"/>ye<span class="_ _5"/>ar a<span class="_ _5"/>nd f<span class="_ _5"/>i<span class="_ _5"/>ve<span class="_ _3"/>-ye<span class="_ _5"/>ar r<span class="_ _5"/>ev<span class="_ _5"/>iew<span class="_ _5"/>s of d<span class="_ _5"/>el<span class="_ _5"/>iv<span class="_ _5"/>ere<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">houses. The<span class="_ _0"/> provisions represent<span class="_ _0"/> guarantee commit<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt<span class="_ _5"/>s a<span class="_ _5"/>ri<span class="_ _5"/>si<span class="_ _5"/>ng f<span class="_ _5"/>ro<span class="_ _5"/>m pa<span class="_ _5"/>st e<span class="_ _5"/>ven<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d ar<span class="_ _5"/>e re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wh<span class="_ _5"/>en a p<span class="_ _5"/>re<span class="_ _5"/>sen<span class="_ _5"/>t o<span class="_ _5"/>bl<span class="_ _5"/>ig<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n ex<span class="_ _5"/>is<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d an o<span class="_ _5"/>u<span class="_ _5"/>t<span class="_ _5"/>f<span class="_ _5"/>lo<span class="_ _5"/>w of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">resources<span class="_ _0"/> is probable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e pro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on<span class="_ _5"/>s ar<span class="_ _5"/>e me<span class="_ _5"/>asu<span class="_ _5"/>re<span class="_ _5"/>d at t<span class="_ _5"/>he b<span class="_ _5"/>es<span class="_ _5"/>t e<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ma<span class="_ _5"/>te </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of t<span class="_ _5"/>he co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s req<span class="_ _5"/>ui<span class="_ _5"/>re<span class="_ _5"/>d to se<span class="_ _5"/>t<span class="_ _5"/>t<span class="_ _5"/>le t<span class="_ _5"/>he o<span class="_ _5"/>bl<span class="_ _5"/>ig<span class="_ _5"/>at<span class="_ _5"/>i<span class="_ _5"/>on a<span class="_ _5"/>t th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">balance sheet<span class="_ _0"/> date.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The measurement<span class="_ _0"/> of the<span class="_ _0"/> provision involves<span class="_ _0"/> signifi<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cant estimation uncertaint<span class="_ _5"/>y.<span class="_ _0"/> Ke<span class="_ _0"/>y assumptions include<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d num<span class="_ _5"/>b<span class="_ _5"/>er of h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s su<span class="_ _5"/>bj<span class="_ _5"/>ec<span class="_ _5"/>t t<span class="_ _5"/>o rem<span class="_ _5"/>ed<span class="_ _5"/>ia<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d th<span class="_ _5"/>e ave<span class="_ _5"/>ra<span class="_ _5"/>ge c<span class="_ _5"/>os<span class="_ _5"/>t pe<span class="_ _5"/>r re<span class="_ _5"/>pa<span class="_ _5"/>ir c<span class="_ _5"/>as<span class="_ _5"/>e. Th<span class="_ _5"/>e pr<span class="_ _5"/>ov<span class="_ _5"/>is<span class="_ _5"/>ion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is calculated<span class="_ _0"/> based on historical<span class="_ _0"/> experience from<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">completed<span class="_ _0"/> remediation cases<span class="_ _0"/> adjusted for<span class="_ _0"/> current </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">conditions at<span class="_ _0"/> the balance<span class="_ _0"/> sheet dat<span class="_ _0"/>e. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management frequently r<span class="_ _0"/>eassesses the<span class="_ _0"/> assumptions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">un<span class="_ _5"/>de<span class="_ _5"/>rl<span class="_ _5"/>y<span class="_ _5"/>in<span class="_ _5"/>g th<span class="_ _5"/>e pr<span class="_ _5"/>ov<span class="_ _5"/>is<span class="_ _5"/>io<span class="_ _5"/>n an<span class="_ _5"/>d ad<span class="_ _5"/>ju<span class="_ _5"/>st<span class="_ _5"/>s t<span class="_ _5"/>h<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount where<span class="_ _0"/> necessar<span class="_ _5"/>y<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ac<span class="_ _5"/>t<span class="_ _5"/>ual r<span class="_ _5"/>ep<span class="_ _5"/>ai<span class="_ _5"/>r cos<span class="_ _5"/>t<span class="_ _5"/>s m<span class="_ _5"/>ay di<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>er f<span class="_ _5"/>rom t<span class="_ _5"/>h<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on d<span class="_ _5"/>ue t<span class="_ _5"/>o ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s in d<span class="_ _5"/>efe<span class="_ _5"/>c<span class="_ _5"/>t pa<span class="_ _5"/>t<span class="_ _5"/>te<span class="_ _5"/>rn<span class="_ _5"/>s<span class="_ _5"/>, cos<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">levels or<span class="_ _0"/> other circumstances.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provision<span class="_ _0"/> for remediation of<span class="_ _0"/> mortar-related defect<span class="_ _5"/>s</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d a gu<span class="_ _5"/>ar<span class="_ _5"/>an<span class="_ _5"/>tee p<span class="_ _5"/>ro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on f<span class="_ _5"/>or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">remediation c<span class="_ _0"/>ost<span class="_ _5"/>s relating<span class="_ _0"/> to ho<span class="_ _0"/>uses previously<span class="_ _0"/> con<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">st<span class="_ _5"/>r<span class="_ _5"/>uc<span class="_ _5"/>t<span class="_ _5"/>ed u<span class="_ _5"/>si<span class="_ _5"/>ng a s<span class="_ _5"/>pe<span class="_ _5"/>ci<span class="_ _5"/>f<span class="_ _5"/>ic t<span class="_ _3"/>yp<span class="_ _5"/>e of m<span class="_ _5"/>or<span class="_ _5"/>t<span class="_ _5"/>a<span class="_ _5"/>r. Alt<span class="_ _5"/>ho<span class="_ _5"/>ug<span class="_ _5"/>h t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mort<span class="_ _5"/>ar is<span class="_ _0"/> no longer<span class="_ _0"/> used, remediation<span class="_ _0"/> claims continue<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to ar<span class="_ _5"/>is<span class="_ _5"/>e in r<span class="_ _5"/>es<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>t of h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s al<span class="_ _5"/>rea<span class="_ _5"/>d<span class="_ _5"/>y de<span class="_ _5"/>li<span class="_ _5"/>ver<span class="_ _5"/>ed<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has<span class="_ _0"/> assessed that a<span class="_ _0"/> present<span class="_ _0"/> obligation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exi<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s as a r<span class="_ _5"/>esu<span class="_ _5"/>l<span class="_ _5"/>t of pa<span class="_ _5"/>s<span class="_ _5"/>t eve<span class="_ _5"/>nt<span class="_ _5"/>s<span class="_ _5"/>. Th<span class="_ _5"/>e pr<span class="_ _5"/>ov<span class="_ _5"/>is<span class="_ _5"/>io<span class="_ _5"/>n is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>he b<span class="_ _5"/>es<span class="_ _5"/>t e<span class="_ _5"/>st<span class="_ _5"/>i<span class="_ _5"/>ma<span class="_ _5"/>te of t<span class="_ _5"/>he co<span class="_ _5"/>s<span class="_ _5"/>t re<span class="_ _5"/>qu<span class="_ _5"/>ire<span class="_ _5"/>d to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">settle the obligation at the b<span class="_ _0"/>alance sheet<span class="_ _0"/> date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The measurement<span class="_ _0"/> of the<span class="_ _0"/> provision involves<span class="_ _0"/> signifi<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cant estimation uncertaint<span class="_ _5"/>y,<span class="_ _0"/> including assumptions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reg<span class="_ _5"/>ar<span class="_ _5"/>di<span class="_ _5"/>ng t<span class="_ _5"/>he n<span class="_ _5"/>um<span class="_ _5"/>be<span class="_ _5"/>r of a<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d ho<span class="_ _5"/>us<span class="_ _5"/>es<span class="_ _5"/>, ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cl<span class="_ _5"/>aim r<span class="_ _5"/>at<span class="_ _5"/>es<span class="_ _5"/>, cos<span class="_ _5"/>t p<span class="_ _5"/>er r<span class="_ _5"/>em<span class="_ _5"/>ed<span class="_ _5"/>ia<span class="_ _5"/>ti<span class="_ _5"/>on c<span class="_ _5"/>as<span class="_ _5"/>e an<span class="_ _5"/>d th<span class="_ _5"/>e t<span class="_ _5"/>im<span class="_ _5"/>in<span class="_ _5"/>g </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of c<span class="_ _5"/>as<span class="_ _5"/>h ou<span class="_ _5"/>t<span class="_ _5"/>f<span class="_ _5"/>lo<span class="_ _5"/>ws<span class="_ _5"/>. Th<span class="_ _5"/>e es<span class="_ _5"/>t<span class="_ _5"/>im<span class="_ _5"/>ate i<span class="_ _5"/>s b<span class="_ _5"/>ase<span class="_ _5"/>d o<span class="_ _5"/>n hi<span class="_ _5"/>st<span class="_ _5"/>or<span class="_ _5"/>ic<span class="_ _5"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">remediation experience<span class="_ _0"/> and techni<span class="_ _0"/>cal assessments.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e pro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on i<span class="_ _5"/>s fr<span class="_ _5"/>eq<span class="_ _5"/>ue<span class="_ _5"/>nt<span class="_ _5"/>l<span class="_ _5"/>y rea<span class="_ _5"/>ss<span class="_ _5"/>es<span class="_ _5"/>se<span class="_ _5"/>d an<span class="_ _5"/>d ad<span class="_ _5"/>ju<span class="_ _5"/>s<span class="_ _5"/>te<span class="_ _5"/>d if </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">relevant<span class="_ _0"/> based on<span class="_ _0"/> updated information.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 4<span class="_ _3"/>.<span class="_ _3"/>4<span class="ff48 fc0 lsad wsae"> <span class="_ _5c"> </span>Sig<span class="_ _5"/>nif<span class="_ _3"/>icant estimat<span class="_ _0"/>es an<span class="_ _5"/>d judgements t<span class="_ _0"/>o </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">investme<span class="_ _5"/>nts n<span class="_ _5"/>ot<span class="_ _0"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Valuat<span class="_ _5"/>io<span class="_ _5"/>n of no<span class="_ _5"/>n<span class="_ _5"/>-<span class="_ _5"/>cur<span class="_ _5"/>ren<span class="_ _5"/>t ass<span class="_ _5"/>et<span class="_ _5"/>s in<span class="_ _5"/>cl, g<span class="_ _5"/>oo<span class="_ _5"/>dw<span class="_ _5"/>ill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment exists when the carrying amount of an<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t or c<span class="_ _5"/>as<span class="_ _5"/>h<span class="_ _5"/>-<span class="_ _5"/>ge<span class="_ _5"/>ne<span class="_ _5"/>ra<span class="_ _5"/>t<span class="_ _5"/>in<span class="_ _5"/>g un<span class="_ _5"/>it (<span class="_ _5"/>CGU<span class="_ _5"/>) exc<span class="_ _5"/>ee<span class="_ _5"/>ds i<span class="_ _5"/>t<span class="_ _5"/>s re<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">coverable<span class="_ _0"/> amount, which is the<span class="_ _0"/> higher of its fair<span class="_ _0"/> value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">le<span class="_ _5"/>ss co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s to di<span class="_ _5"/>sp<span class="_ _5"/>os<span class="_ _5"/>e an<span class="_ _5"/>d i<span class="_ _5"/>t<span class="_ _5"/>s va<span class="_ _5"/>lu<span class="_ _5"/>e in u<span class="_ _5"/>se.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>alu<span class="_ _5"/>e l<span class="_ _5"/>es<span class="_ _5"/>s cos<span class="_ _5"/>t<span class="_ _5"/>s to d<span class="_ _5"/>is<span class="_ _5"/>po<span class="_ _5"/>se c<span class="_ _5"/>al<span class="_ _5"/>cu<span class="_ _5"/>la<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on<span class="_ _0"/> available data<span class="_ _0"/> from binding<span class="_ _0"/> sales transac<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tions, conducted at<span class="_ _0"/> an arm<span class="_ _0"/>’s<span class="_ _0"/> length, for s<span class="_ _0"/>imilar assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or observable market<span class="_ _0"/> prices less incr<span class="_ _0"/>emental costs to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">di<span class="_ _5"/>sp<span class="_ _5"/>os<span class="_ _5"/>e of t<span class="_ _5"/>he a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>. Th<span class="_ _5"/>e va<span class="_ _5"/>lu<span class="_ _5"/>e in u<span class="_ _5"/>se c<span class="_ _5"/>al<span class="_ _5"/>cu<span class="_ _5"/>la<span class="_ _5"/>t<span class="_ _5"/>ion i<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on<span class="_ _0"/> a Discount<span class="_ _0"/>ed Cash Flow<span class="_ _0"/> model.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ca<span class="_ _5"/>sh f<span class="_ _5"/>l<span class="_ _5"/>ow<span class="_ _5"/>s are d<span class="_ _5"/>er<span class="_ _5"/>i<span class="_ _5"/>ved f<span class="_ _5"/>ro<span class="_ _5"/>m t<span class="_ _5"/>he b<span class="_ _5"/>ud<span class="_ _5"/>ge<span class="_ _5"/>t for t<span class="_ _5"/>h<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">nex<span class="_ _3"/>t f<span class="_ _5"/>iv<span class="_ _5"/>e yea<span class="_ _5"/>r<span class="_ _5"/>s an<span class="_ _5"/>d do n<span class="_ _5"/>ot in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>e re<span class="_ _5"/>st<span class="_ _5"/>r<span class="_ _5"/>uc<span class="_ _5"/>t<span class="_ _5"/>ur<span class="_ _5"/>in<span class="_ _5"/>g </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ac<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s th<span class="_ _5"/>at t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up i<span class="_ _5"/>s no<span class="_ _5"/>t ye<span class="_ _5"/>t com<span class="_ _5"/>mi<span class="_ _5"/>t<span class="_ _5"/>te<span class="_ _5"/>d to o<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant future investments that will enhanc<span class="_ _0"/>e the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>r<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>an<span class="_ _5"/>ce of t<span class="_ _5"/>he a<span class="_ _5"/>s<span class="_ _5"/>set<span class="_ _5"/>s o<span class="_ _5"/>f th<span class="_ _5"/>e CG<span class="_ _5"/>U be<span class="_ _5"/>in<span class="_ _5"/>g te<span class="_ _5"/>st<span class="_ _5"/>ed<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The rec<span class="_ _0"/>overable amount<span class="_ _0"/> is sensitive to<span class="_ _0"/> the discount<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ra<span class="_ _5"/>te us<span class="_ _5"/>ed f<span class="_ _5"/>or t<span class="_ _5"/>he D<span class="_ _5"/>C<span class="_ _5"/>F mo<span class="_ _5"/>de<span class="_ _5"/>l as w<span class="_ _5"/>el<span class="_ _5"/>l as t<span class="_ _5"/>he ex<span class="_ _5"/>p<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fu<span class="_ _5"/>tu<span class="_ _5"/>re c<span class="_ _5"/>as<span class="_ _5"/>h in<span class="_ _5"/>f<span class="_ _5"/>low<span class="_ _5"/>s a<span class="_ _5"/>nd t<span class="_ _5"/>he g<span class="_ _5"/>row<span class="_ _3"/>th r<span class="_ _5"/>a<span class="_ _5"/>te us<span class="_ _5"/>ed f<span class="_ _5"/>or t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">terminal period.<span class="_ _0"/> These estimates are<span class="_ _0"/> most relevant<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to go<span class="_ _5"/>od<span class="_ _5"/>w<span class="_ _5"/>il<span class="_ _5"/>l wi<span class="_ _5"/>t<span class="_ _5"/>h in<span class="_ _5"/>de<span class="_ _5"/>f<span class="_ _5"/>in<span class="_ _5"/>ite u<span class="_ _5"/>se<span class="_ _5"/>fu<span class="_ _5"/>l li<span class="_ _5"/>ve<span class="_ _5"/>s re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Group.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e key as<span class="_ _5"/>su<span class="_ _5"/>mp<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>s us<span class="_ _5"/>ed t<span class="_ _5"/>o de<span class="_ _5"/>ter<span class="_ _5"/>mi<span class="_ _5"/>ne t<span class="_ _5"/>he r<span class="_ _5"/>eco<span class="_ _5"/>ver-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">able amount for<span class="_ _0"/> the different CGUs, including<span class="_ _0"/> a sen<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sitivit<span class="_ _5"/>y analysis, are disclosed<span class="_ _0"/> and further explained </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">below<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revi<span class="_ _5"/>ew of t<span class="_ _5"/>he a<span class="_ _5"/>nnu<span class="_ _5"/>al im<span class="_ _5"/>pai<span class="_ _5"/>rme<span class="_ _5"/>nt t<span class="_ _5"/>es<span class="_ _5"/>t</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r im<span class="_ _5"/>pa<span class="_ _5"/>ir<span class="_ _5"/>me<span class="_ _5"/>nt te<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng<span class="_ _5"/>, g<span class="_ _5"/>oo<span class="_ _5"/>dw<span class="_ _5"/>il<span class="_ _5"/>l is a<span class="_ _5"/>ll<span class="_ _5"/>oc<span class="_ _5"/>a<span class="_ _5"/>ted t<span class="_ _5"/>o th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three CGU’<span class="_ _0"/>s (“Detached”<span class="_ _0"/>, “Semi-<span class="_ _5"/>detached” and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">“Wooden houses”), which<span class="_ _0"/> are the<span class="_ _0"/> operating and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">report<span class="_ _5"/>able segments. Among other factors, the Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considers the r<span class="_ _0"/>elationship between its market capi<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">talisation and the<span class="_ _0"/> carr<span class="_ _5"/>ying value<span class="_ _0"/> of assets, including<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">goodwill, when assessing<span class="_ _0"/> for indi<span class="_ _0"/>cators of impa<span class="_ _0"/>ir<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment. Impairment te<span class="_ _0"/>st<span class="_ _5"/>s are<span class="_ _0"/> performed separately for<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">al<span class="_ _5"/>l th<span class="_ _5"/>re<span class="_ _5"/>e CGU<span class="_ _5"/>’s o<span class="_ _5"/>nce a ye<span class="_ _5"/>ar o<span class="_ _5"/>r mo<span class="_ _5"/>re f<span class="_ _5"/>re<span class="_ _5"/>qu<span class="_ _5"/>en<span class="_ _5"/>tl<span class="_ _5"/>y i<span class="_ _5"/>f an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">indication of<span class="_ _0"/> impairment e<span class="_ _0"/>xist<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ne<span class="_ _5"/>it<span class="_ _5"/>he<span class="_ _5"/>r in 2025 n<span class="_ _5"/>or i<span class="_ _5"/>n 2024 did t<span class="_ _5"/>he te<span class="_ _5"/>s<span class="_ _5"/>t rev<span class="_ _5"/>eal a<span class="_ _5"/>ny<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment. The impairment t<span class="_ _0"/>est is an<span class="_ _0"/> assessment of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whether the cash-<span class="_ _5"/>generating units are e<span class="_ _0"/>xpec<span class="_ _5"/>ted to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be a<span class="_ _5"/>bl<span class="_ _5"/>e to g<span class="_ _5"/>en<span class="_ _5"/>er<span class="_ _5"/>ate s<span class="_ _5"/>uf<span class="_ _3"/>f<span class="_ _5"/>ic<span class="_ _5"/>ien<span class="_ _5"/>t p<span class="_ _5"/>osi<span class="_ _5"/>t<span class="_ _5"/>iv<span class="_ _5"/>e ne<span class="_ _5"/>t ca<span class="_ _5"/>sh f<span class="_ _5"/>l<span class="_ _5"/>ow </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the future<span class="_ _0"/> to s<span class="_ _0"/>uppor<span class="_ _5"/>t the carryin<span class="_ _5"/>g amount<span class="_ _0"/> of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">net assets related<span class="_ _0"/> to the<span class="_ _0"/> CGUs. As highlighted<span class="_ _0"/> under </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sensitivit<span class="_ _5"/>y changes, the conclusions<span class="_ _0"/> from the<span class="_ _0"/> impair<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment testing are<span class="_ _0"/> subject to estimation uncertaint<span class="_ _5"/>y and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">po<span class="_ _5"/>ss<span class="_ _5"/>ib<span class="_ _5"/>le f<span class="_ _5"/>ut<span class="_ _5"/>ur<span class="_ _5"/>e ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s to key as<span class="_ _5"/>su<span class="_ _5"/>mp<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>ns of f<span class="_ _5"/>u<span class="_ _5"/>tur<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows could r<span class="_ _0"/>esult in impairments.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash-<span class="_ _5"/>Generating Units</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/>’s<span class="_ _0"/> CGU’s c<span class="_ _0"/>omprise: Detached houses,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Semi-<span class="_ _5"/>detached houses and<span class="_ _0"/> Wooden houses.<span class="_ _0"/> The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">discount rate<span class="_ _0"/> is determined<span class="_ _0"/> separately for<span class="_ _0"/> each CGU<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to ref<span class="_ _3"/>le<span class="_ _5"/>c<span class="_ _5"/>t th<span class="_ _5"/>e ri<span class="_ _5"/>sk<span class="_ _5"/>s s<span class="_ _5"/>pe<span class="_ _5"/>ci<span class="_ _5"/>f<span class="_ _5"/>ic t<span class="_ _5"/>o eac<span class="_ _5"/>h CG<span class="_ _5"/>U. Th<span class="_ _5"/>e di<span class="_ _5"/>sco<span class="_ _5"/>un<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ra<span class="_ _5"/>te ap<span class="_ _5"/>p<span class="_ _5"/>lie<span class="_ _5"/>d i<span class="_ _5"/>s th<span class="_ _5"/>e wei<span class="_ _5"/>gh<span class="_ _5"/>te<span class="_ _5"/>d ave<span class="_ _5"/>ra<span class="_ _5"/>ge co<span class="_ _5"/>s<span class="_ _5"/>t of c<span class="_ _5"/>ap<span class="_ _5"/>it<span class="_ _5"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="_ _5"/>WACC<span class="_ _5"/>) an<span class="_ _5"/>d ref<span class="_ _5"/>l<span class="_ _5"/>ec<span class="_ _3"/>ts t<span class="_ _5"/>h<span class="_ _5"/>e la<span class="_ _5"/>tes<span class="_ _5"/>t m<span class="_ _5"/>ar<span class="_ _5"/>ket as<span class="_ _5"/>su<span class="_ _5"/>mp<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>ns of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e cos<span class="_ _5"/>t o<span class="_ _5"/>f eq<span class="_ _5"/>ui<span class="_ _5"/>t<span class="_ _5"/>y an<span class="_ _5"/>d t<span class="_ _5"/>he co<span class="_ _5"/>s<span class="_ _5"/>t of de<span class="_ _5"/>bt<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ke<span class="_ _0"/>y Assumptions</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The rec<span class="_ _0"/>overable amount<span class="_ _0"/> determined in the<span class="_ _0"/> impair<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt te<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s is b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n a va<span class="_ _5"/>lu<span class="_ _5"/>e<span class="_ _5"/>-<span class="_ _5"/>in<span class="_ _5"/>-<span class="_ _5"/>u<span class="_ _5"/>se c<span class="_ _5"/>al<span class="_ _5"/>cu<span class="_ _5"/>la<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>. T<span class="_ _0"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determine the<span class="_ _0"/> value<span class="_ _5"/>-in-<span class="_ _5"/>use, Management is<span class="_ _0"/> required </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to es<span class="_ _5"/>t<span class="_ _5"/>im<span class="_ _5"/>ate t<span class="_ _5"/>h<span class="_ _5"/>e pre<span class="_ _5"/>se<span class="_ _5"/>nt v<span class="_ _5"/>al<span class="_ _5"/>ue o<span class="_ _5"/>f th<span class="_ _5"/>e fu<span class="_ _5"/>tu<span class="_ _5"/>re f<span class="_ _5"/>re<span class="_ _5"/>e ne<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>sh f<span class="_ _5"/>l<span class="_ _5"/>ow<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on b<span class="_ _5"/>ud<span class="_ _5"/>ge<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d s<span class="_ _5"/>tr<span class="_ _5"/>at<span class="_ _5"/>eg<span class="_ _5"/>y fo<span class="_ _5"/>r t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">com<span class="_ _5"/>in<span class="_ _5"/>g f<span class="_ _5"/>i<span class="_ _5"/>ve ye<span class="_ _5"/>ar<span class="_ _5"/>s (<span class="_ _5"/>“<span class="_ _5"/>t<span class="_ _5"/>he b<span class="_ _5"/>ud<span class="_ _5"/>ge<span class="_ _5"/>t pe<span class="_ _5"/>ri<span class="_ _5"/>od<span class="_ _5"/>”<span class="_ _5"/>) as w<span class="_ _5"/>el<span class="_ _5"/>l as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pro<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>ns f<span class="_ _5"/>or t<span class="_ _5"/>he te<span class="_ _5"/>r<span class="_ _5"/>min<span class="_ _5"/>al p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d af<span class="_ _3"/>ter t<span class="_ _5"/>h<span class="_ _5"/>e bu<span class="_ _5"/>dg<span class="_ _5"/>et </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>ri<span class="_ _5"/>od<span class="_ _5"/>. A f<span class="_ _5"/>i<span class="_ _5"/>ve<span class="_ _5"/>-<span class="_ _5"/>yea<span class="_ _5"/>r pe<span class="_ _5"/>ri<span class="_ _5"/>od i<span class="_ _5"/>s u<span class="_ _5"/>se<span class="_ _5"/>d to ref<span class="_ _3"/>le<span class="_ _5"/>c<span class="_ _5"/>t a fu<span class="_ _5"/>ll </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">business cycle.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A<span class="_ _5"/>ss<span class="_ _5"/>um<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>ns u<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>he e<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ma<span class="_ _5"/>te of t<span class="_ _5"/>h<span class="_ _5"/>e pre<span class="_ _5"/>se<span class="_ _5"/>nt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value include<span class="_ _0"/> the discount rate<span class="_ _0"/>, rev<span class="_ _0"/>enue growth (esti<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ma<span class="_ _5"/>ted o<span class="_ _5"/>n t<span class="_ _5"/>he b<span class="_ _5"/>asi<span class="_ _5"/>s of e<span class="_ _5"/>xp<span class="_ _5"/>ec<span class="_ _3"/>ted u<span class="_ _5"/>ni<span class="_ _5"/>t<span class="_ _5"/>s to b<span class="_ _5"/>e de<span class="_ _5"/>li<span class="_ _5"/>ve<span class="_ _5"/>red </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d uni<span class="_ _5"/>t p<span class="_ _5"/>ri<span class="_ _5"/>ce) an<span class="_ _5"/>d EB<span class="_ _5"/>I<span class="_ _5"/>T-ma<span class="_ _5"/>rg<span class="_ _5"/>in<span class="_ _5"/>. O<span class="_ _5"/>th<span class="_ _5"/>er </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assumptions include e<span class="_ _0"/>xpec<span class="_ _5"/>ted required<span class="_ _0"/> investments, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market<span class="_ _0"/> share and<span class="_ _0"/> growt<span class="_ _5"/>h expectations in the t<span class="_ _0"/>erminal </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>ri<span class="_ _5"/>od<span class="_ _5"/>. Fo<span class="_ _5"/>r t<span class="_ _5"/>he i<span class="_ _5"/>mp<span class="_ _5"/>air<span class="_ _5"/>m<span class="_ _5"/>en<span class="_ _5"/>t tes<span class="_ _5"/>t<span class="_ _5"/>, a f<span class="_ _5"/>i<span class="_ _5"/>ve<span class="_ _5"/>-<span class="_ _5"/>ye<span class="_ _5"/>ar b<span class="_ _5"/>ud<span class="_ _5"/>ge<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>ri<span class="_ _5"/>od w<span class="_ _5"/>as u<span class="_ _5"/>se<span class="_ _5"/>d to es<span class="_ _5"/>t<span class="_ _5"/>im<span class="_ _5"/>at<span class="_ _5"/>e th<span class="_ _5"/>e pr<span class="_ _5"/>es<span class="_ _5"/>en<span class="_ _5"/>t va<span class="_ _5"/>lu<span class="_ _5"/>e. Th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f<span class="_ _5"/>iv<span class="_ _5"/>e<span class="_ _5"/>-<span class="_ _5"/>yea<span class="_ _5"/>r bu<span class="_ _5"/>dg<span class="_ _5"/>et p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d is u<span class="_ _5"/>se<span class="_ _5"/>d to r<span class="_ _5"/>ef<span class="_ _5"/>l<span class="_ _5"/>ec<span class="_ _5"/>t t<span class="_ _5"/>he f<span class="_ _5"/>u<span class="_ _5"/>tur<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">risk, which is<span class="_ _0"/> impac<span class="_ _5"/>ted b<span class="_ _0"/>y the current<span class="_ _0"/> geopolitical tur<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">moil and<span class="_ _0"/> macroeconomic factors such as<span class="_ _0"/> uncertaint<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the housing<span class="_ _0"/> markets, inflation, increase in<span class="_ _0"/> interest </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rates e<span class="_ _5"/>tc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e exp<span class="_ _5"/>ec<span class="_ _3"/>ted a<span class="_ _5"/>nn<span class="_ _5"/>ua<span class="_ _5"/>l gr<span class="_ _5"/>ow<span class="_ _5"/>t<span class="_ _5"/>h r<span class="_ _5"/>ate a<span class="_ _5"/>nd t<span class="_ _5"/>he e<span class="_ _5"/>xp<span class="_ _5"/>ec<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ma<span class="_ _5"/>rgi<span class="_ _5"/>ns i<span class="_ _5"/>n t<span class="_ _5"/>he b<span class="_ _5"/>ud<span class="_ _5"/>ge<span class="_ _5"/>t pe<span class="_ _5"/>ri<span class="_ _5"/>od a<span class="_ _5"/>re b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n hi<span class="_ _5"/>st<span class="_ _5"/>or<span class="_ _5"/>ic<span class="_ _5"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">experience and<span class="_ _0"/> the assumptions about e<span class="_ _0"/>xpec<span class="_ _5"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market<span class="_ _0"/> developments for<span class="_ _0"/> each C<span class="_ _0"/>GU. The<span class="_ _0"/> long-term </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gro<span class="_ _5"/>w<span class="_ _5"/>t<span class="_ _5"/>h ra<span class="_ _5"/>te fo<span class="_ _5"/>r t<span class="_ _5"/>he te<span class="_ _5"/>rm<span class="_ _5"/>in<span class="_ _5"/>al p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d is b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n t<span class="_ _5"/>he ex-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d gro<span class="_ _5"/>w<span class="_ _5"/>t<span class="_ _5"/>h in t<span class="_ _5"/>h<span class="_ _5"/>e Dan<span class="_ _5"/>is<span class="_ _5"/>h an<span class="_ _5"/>d Sw<span class="_ _5"/>ed<span class="_ _5"/>is<span class="_ _5"/>h eco<span class="_ _5"/>no<span class="_ _5"/>my, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sp<span class="_ _5"/>ec<span class="_ _5"/>if<span class="_ _5"/>i<span class="_ _5"/>ca<span class="_ _5"/>ll<span class="_ _5"/>y fo<span class="_ _5"/>r t<span class="_ _5"/>he h<span class="_ _5"/>ou<span class="_ _5"/>se b<span class="_ _5"/>ui<span class="_ _5"/>ld<span class="_ _5"/>in<span class="_ _5"/>g in<span class="_ _5"/>du<span class="_ _5"/>st<span class="_ _5"/>r<span class="_ _3"/>y. In 2025, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e lo<span class="_ _5"/>ng<span class="_ _5"/>-<span class="_ _5"/>te<span class="_ _5"/>rm g<span class="_ _5"/>row<span class="_ _3"/>t<span class="_ _5"/>h ra<span class="_ _5"/>te in t<span class="_ _5"/>he t<span class="_ _5"/>er<span class="_ _5"/>mi<span class="_ _5"/>na<span class="_ _5"/>l pe<span class="_ _5"/>ri<span class="_ _5"/>od i<span class="_ _5"/>s se<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to 2.0<span class="_ _5"/>% w<span class="_ _5"/>hic<span class="_ _5"/>h is b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n 3<span class="_ _5"/>0Y Ger<span class="_ _5"/>ma<span class="_ _5"/>n go<span class="_ _5"/>ver<span class="_ _5"/>nm<span class="_ _5"/>en<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bonds.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Currently,<span class="_ _0"/> Management does not<span class="_ _0"/> believe<span class="_ _0"/> that climate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">change or<span class="_ _0"/> sustainabilit<span class="_ _5"/>y targets has a significant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _5"/>t o<span class="_ _5"/>n t<span class="_ _5"/>he es<span class="_ _5"/>t<span class="_ _5"/>im<span class="_ _5"/>at<span class="_ _5"/>es a<span class="_ _5"/>nd j<span class="_ _5"/>ud<span class="_ _5"/>ge<span class="_ _5"/>me<span class="_ _5"/>nt<span class="_ _5"/>s r<span class="_ _5"/>el<span class="_ _5"/>ate<span class="_ _5"/>d to t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment assessment. Refer<span class="_ _0"/>ence is<span class="_ _0"/> made to<span class="_ _0"/> Note </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1.3<span class="_ _5"/>. As stated in<span class="_ _0"/> the note<span class="_ _0"/>, greener s<span class="_ _0"/>ourcing will not<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">have<span class="_ _0"/> a negative impact on margin.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:295px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 280.984px; top: 0.0136718px; width: 219.527px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.453px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 289.484px; top: 21.6699px; width: 28.7812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 340.984px; top: 21.6699px; width: 44.9531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 480.578px; top: 21.6699px; width: 28.7812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 531.875px; top: 21.6699px; width: 44.9531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.4043px; width: 255.158px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.824px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 270.609px; top: 34.4043px; width: 50.5605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 346.219px; top: 34.4043px; width: 100.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.8652px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Detached</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 462.656px; top: 34.4043px; width: 50.5605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 537.094px; top: 34.4043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 69.3574px; width: 573.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount of goodwill</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.9627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,760,712</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,971</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.1113px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">257,404</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.8652px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,760,712</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,971</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4082px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">242,722</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 87.4355px; width: 573.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Pre-tax discount rate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.215px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11.2%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 105.498px; width: 574.365px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Post-tax discount rate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 132.955px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9.7%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.576px; width: 574.125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Realised EBITD</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">A-margin in 2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.131px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.9748px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.4062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6.3%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 150.373px; width: 67.9512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Budget period</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 168.451px; width: 573.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Annual revenue growth</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 118.605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11.8%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.8%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">25.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">23.3%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 186.514px; width: 573.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITD</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">A-margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.424px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4%-9%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.1113px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1% - 5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.6484px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5%-13%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.209px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3%-9%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.7598px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3%-4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.6484px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7%-10%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 212.592px; width: 73.8574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">erminal period</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 230.67px; width: 574.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Growth rate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.213px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.0%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.0%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.0%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.2%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 248.732px; width: 573.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITD</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">A-margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 162.621px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8.9%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10.1%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 284.889px; width: 574.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Headroom</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 164.69px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">778,000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.1113px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">179,000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">17,000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4082px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">969,000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.1113px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">176,000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">23,000</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sensitivity analysis (change required for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recoveragble amount to equal carrying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:133.390625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 42.1934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount) </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0918px; width: 75.0586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITD</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">A-margin </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 30.8418px; width: 573.674px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– allowed decline (percentage points)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.7%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 48.9043px; width: 117.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Growth in budget period </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 61.6543px; width: 573.814px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– allowed decline (percentage points)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.4062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">14.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.4062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">26.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.8%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 79.7168px; width: 122.045px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Growth in terminal period </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 92.4668px; width: 574.213px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– allowed decline (percentage points)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.4062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">25.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.8%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.545px; width: 66.5859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Discount rate </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.279px; width: 574.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– allowed increase (percentage points)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.8%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.209px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12.3%.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.6%</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">CGU D<span class="_ _5"/>et<span class="_ _5"/>ach<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">As the Danish ec<span class="_ _0"/>onomy shows signs<span class="_ _0"/> of strengthen<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g, w<span class="_ _5"/>e exp<span class="_ _5"/>ec<span class="_ _3"/>t th<span class="_ _5"/>at t<span class="_ _5"/>he l<span class="_ _5"/>on<span class="_ _5"/>g<span class="_ _5"/>-<span class="_ _5"/>ter<span class="_ _5"/>m d<span class="_ _5"/>ema<span class="_ _5"/>nd f<span class="_ _5"/>or n<span class="_ _5"/>ew </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">detached houses will<span class="_ _0"/> increase c<span class="_ _0"/>ompared to<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">historical levels<span class="_ _0"/> of new<span class="_ _0"/> buildings in Denmark. The<span class="_ _0"/> out<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lo<span class="_ _5"/>ok f<span class="_ _5"/>or t<span class="_ _5"/>he CG<span class="_ _5"/>U D<span class="_ _5"/>et<span class="_ _5"/>ac<span class="_ _5"/>he<span class="_ _5"/>d in 2026 i<span class="_ _5"/>s af<span class="_ _5"/>f<span class="_ _5"/>ete<span class="_ _5"/>d by l<span class="_ _5"/>ow </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">visibilit<span class="_ _5"/>y and some<span class="_ _0"/> uncertaint<span class="_ _5"/>y.<span class="_ _0"/> We<span class="_ _0"/> anticipate a<span class="_ _0"/> more </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">po<span class="_ _5"/>si<span class="_ _5"/>ti<span class="_ _5"/>ve o<span class="_ _5"/>ut<span class="_ _5"/>l<span class="_ _5"/>oo<span class="_ _5"/>k du<span class="_ _5"/>ri<span class="_ _5"/>ng 2026<span class="_ _5"/>, wi<span class="_ _5"/>t<span class="_ _5"/>h a gr<span class="_ _5"/>ad<span class="_ _5"/>ua<span class="_ _5"/>l rec<span class="_ _5"/>ove<span class="_ _5"/>r<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to 2022 le<span class="_ _5"/>vel<span class="_ _5"/>s ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d fr<span class="_ _5"/>om 2026 to 2<span class="_ _5"/>030. We h<span class="_ _5"/>ave </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>en<span class="_ _5"/>ed a<span class="_ _5"/>dd<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>ona<span class="_ _5"/>l of<span class="_ _3"/>f<span class="_ _5"/>ice<span class="_ _5"/>s an<span class="_ _5"/>d cr<span class="_ _5"/>ea<span class="_ _5"/>ted a p<span class="_ _5"/>re<span class="_ _5"/>mi<span class="_ _5"/>um </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">br<span class="_ _5"/>an<span class="_ _5"/>d an<span class="_ _5"/>d we ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>t i<span class="_ _5"/>nc<span class="_ _5"/>rea<span class="_ _5"/>se<span class="_ _5"/>d SG<span class="_ _5"/>&amp;<span class="_ _5"/>A to s<span class="_ _5"/>up<span class="_ _5"/>p<span class="_ _5"/>or<span class="_ _5"/>t a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fuel rebound<span class="_ _0"/> readiness. Combined, this res<span class="_ _0"/>ult<span class="_ _5"/>s in<span class="_ _0"/> a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">headroom of<span class="_ _0"/> DKK 778million.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">CGU Semi-detached</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Semi-detache<span class="_ _5"/>d business<span class="_ _0"/> strateg<span class="_ _5"/>y will<span class="_ _0"/> change </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">go<span class="_ _5"/>in<span class="_ _5"/>g for<span class="_ _3"/>wa<span class="_ _5"/>rd a<span class="_ _5"/>nd w<span class="_ _5"/>il<span class="_ _5"/>l fo<span class="_ _5"/>cus o<span class="_ _5"/>n su<span class="_ _5"/>s<span class="_ _5"/>ta<span class="_ _5"/>in<span class="_ _5"/>ab<span class="_ _5"/>le o<span class="_ _5"/>pe<span class="_ _5"/>r-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at<span class="_ _5"/>io<span class="_ _5"/>ns a<span class="_ _5"/>t a 2025 lev<span class="_ _5"/>el<span class="_ _5"/>s com<span class="_ _5"/>pa<span class="_ _5"/>re<span class="_ _5"/>d wi<span class="_ _5"/>t<span class="_ _5"/>h an h<span class="_ _5"/>is<span class="_ _5"/>to<span class="_ _5"/>ri<span class="_ _5"/>c </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gro<span class="_ _5"/>w<span class="_ _5"/>t<span class="_ _5"/>h s<span class="_ _5"/>tr<span class="_ _5"/>at<span class="_ _5"/>eg<span class="_ _5"/>y. We exp<span class="_ _5"/>ec<span class="_ _5"/>t a g<span class="_ _5"/>ra<span class="_ _5"/>du<span class="_ _5"/>al i<span class="_ _5"/>nc<span class="_ _5"/>rea<span class="_ _5"/>se i<span class="_ _5"/>n t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EBITDA-margin kicking in fr<span class="_ _0"/>om end-2<span class="_ _0"/>026<span class="_ _0"/> and ov<span class="_ _0"/>er the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bu<span class="_ _5"/>dg<span class="_ _5"/>et p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d co<span class="_ _5"/>mp<span class="_ _5"/>are<span class="_ _5"/>d to 2025 a<span class="_ _5"/>s a res<span class="_ _5"/>ul<span class="_ _5"/>t of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">continuous focus<span class="_ _0"/> on margin impro<span class="_ _0"/>vements via sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of ow<span class="_ _5"/>n la<span class="_ _5"/>nd p<span class="_ _5"/>ro<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d u<span class="_ _5"/>ti<span class="_ _5"/>li<span class="_ _5"/>sa<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f pr<span class="_ _5"/>od<span class="_ _5"/>uc<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">facilities. Combined, this results in<span class="_ _0"/> a headroom<span class="_ _0"/> of DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">179 million.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">CGU W<span class="_ _0"/>ooden Houses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ou<span class="_ _5"/>tl<span class="_ _5"/>oo<span class="_ _5"/>k fo<span class="_ _5"/>r th<span class="_ _5"/>e CG<span class="_ _5"/>U Woo<span class="_ _5"/>de<span class="_ _5"/>n H<span class="_ _5"/>ou<span class="_ _5"/>ses i<span class="_ _5"/>n 2026 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is a<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d by t<span class="_ _5"/>he i<span class="_ _5"/>nc<span class="_ _5"/>rea<span class="_ _5"/>se i<span class="_ _5"/>n ho<span class="_ _5"/>us<span class="_ _5"/>in<span class="_ _5"/>g sa<span class="_ _5"/>le<span class="_ _5"/>s in 2025 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wh<span class="_ _5"/>ic<span class="_ _5"/>h po<span class="_ _5"/>si<span class="_ _5"/>ti<span class="_ _5"/>ve<span class="_ _5"/>l<span class="_ _5"/>y im<span class="_ _5"/>pa<span class="_ _5"/>c<span class="_ _5"/>ted t<span class="_ _5"/>h<span class="_ _5"/>e or<span class="_ _5"/>de<span class="_ _5"/>r bo<span class="_ _5"/>ok f<span class="_ _5"/>or 2025 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">underpinned by<span class="_ _0"/> increased production to support the<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Semi-<span class="_ _5"/>Detached CGU.<span class="_ _0"/> We<span class="_ _0"/> expec<span class="_ _5"/>t a<span class="_ _0"/> continuous gradual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rec<span class="_ _5"/>ove<span class="_ _5"/>r<span class="_ _5"/>y s<span class="_ _5"/>ta<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>in<span class="_ _5"/>g fr<span class="_ _5"/>om 2026 to 2<span class="_ _5"/>030 a<span class="_ _5"/>nd o<span class="_ _5"/>nw<span class="_ _5"/>ar<span class="_ _5"/>ds<span class="_ _5"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rea<span class="_ _5"/>ch<span class="_ _5"/>in<span class="_ _5"/>g 2021 a<span class="_ _5"/>nd 2022 l<span class="_ _5"/>eve<span class="_ _5"/>ls t<span class="_ _5"/>owa<span class="_ _5"/>rd<span class="_ _5"/>s t<span class="_ _5"/>he en<span class="_ _5"/>d of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">budget period. Operating profit is generally<span class="_ _0"/> higher in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Swe<span class="_ _5"/>de<span class="_ _5"/>n com<span class="_ _5"/>pa<span class="_ _5"/>re<span class="_ _5"/>d to D<span class="_ _5"/>en<span class="_ _5"/>mar<span class="_ _5"/>k<span class="_ _5"/>. In 2026<span class="_ _5"/>, we ex<span class="_ _5"/>p<span class="_ _5"/>ec<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a po<span class="_ _5"/>si<span class="_ _5"/>ti<span class="_ _5"/>ve E<span class="_ _5"/>B<span class="_ _5"/>IT<span class="_ _5"/>DA-<span class="_ _5"/>m<span class="_ _5"/>ar<span class="_ _5"/>gi<span class="_ _5"/>n as a re<span class="_ _5"/>su<span class="_ _5"/>lt o<span class="_ _5"/>f a hi<span class="_ _5"/>gh<span class="_ _5"/>er </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or<span class="_ _5"/>de<span class="_ _5"/>r bac<span class="_ _5"/>k<span class="_ _5"/>lo<span class="_ _5"/>g, g<span class="_ _5"/>ra<span class="_ _5"/>du<span class="_ _5"/>al<span class="_ _5"/>ly r<span class="_ _5"/>ec<span class="_ _5"/>over<span class="_ _3"/>y tow<span class="_ _5"/>ar<span class="_ _5"/>ds 20<span class="_ _5"/>30 a<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sa<span class="_ _5"/>le<span class="_ _5"/>s lev<span class="_ _5"/>el<span class="_ _5"/>s are e<span class="_ _5"/>xp<span class="_ _5"/>ec<span class="_ _3"/>ted t<span class="_ _5"/>o reb<span class="_ _5"/>ou<span class="_ _5"/>nd<span class="_ _5"/>. C<span class="_ _5"/>om<span class="_ _5"/>bi<span class="_ _5"/>ne<span class="_ _5"/>d, t<span class="_ _5"/>hi<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">res<span class="_ _5"/>ul<span class="_ _5"/>t<span class="_ _5"/>s in a h<span class="_ _5"/>ea<span class="_ _5"/>dr<span class="_ _5"/>oo<span class="_ _5"/>m of D<span class="_ _5"/>KK 1<span class="_ _5"/>7 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sensitivit<span class="_ _5"/>y analysis</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e sen<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>iv<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>y an<span class="_ _5"/>al<span class="_ _5"/>y<span class="_ _5"/>si<span class="_ _5"/>s sh<span class="_ _5"/>ow<span class="_ _5"/>s th<span class="_ _5"/>e lo<span class="_ _5"/>wes<span class="_ _5"/>t p<span class="_ _5"/>os<span class="_ _5"/>si<span class="_ _5"/>bl<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EBITDA-margin, lowest possible gro<span class="_ _0"/>w<span class="_ _5"/>th rate or<span class="_ _0"/> high<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es<span class="_ _5"/>t po<span class="_ _5"/>ss<span class="_ _5"/>ib<span class="_ _5"/>l<span class="_ _5"/>e di<span class="_ _5"/>sco<span class="_ _5"/>un<span class="_ _5"/>t ra<span class="_ _5"/>te by w<span class="_ _5"/>hi<span class="_ _5"/>ch t<span class="_ _5"/>he a<span class="_ _5"/>s<span class="_ _5"/>sum<span class="_ _5"/>p<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">us<span class="_ _5"/>ed c<span class="_ _5"/>an c<span class="_ _5"/>ha<span class="_ _5"/>ng<span class="_ _5"/>e be<span class="_ _5"/>fo<span class="_ _5"/>re go<span class="_ _5"/>od<span class="_ _5"/>w<span class="_ _5"/>il<span class="_ _5"/>l be<span class="_ _5"/>co<span class="_ _5"/>mes i<span class="_ _5"/>mp<span class="_ _5"/>ai<span class="_ _5"/>re<span class="_ _5"/>d. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ke<span class="_ _0"/>y assumptions and<span class="_ _0"/> other assumptions<span class="_ _0"/> are sub<span class="_ _0"/>jec<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to estimation uncertaint<span class="_ _5"/>y especially r<span class="_ _0"/>elated to<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial impact and length of<span class="_ _0"/> the current macr<span class="_ _0"/>oe<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">conomics and ho<span class="_ _0"/>w interest rat<span class="_ _0"/>es impact<span class="_ _5"/>s the sales<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">act<span class="_ _5"/>ivities in all s<span class="_ _0"/>egment<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 6<span class="_ _5"/>.<span class="_ _1"/>9<span class="ff48 fc0 lsad wsae"> <span class="_ _183"> </span>Signif<span class="_ _3"/>icant estimat<span class="_ _0"/>es an<span class="_ _5"/>d judgements to </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">investme<span class="_ _5"/>nts n<span class="_ _5"/>ot<span class="_ _0"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recov<span class="_ _5"/>er<span class="_ _5"/>y of d<span class="_ _5"/>ef<span class="_ _5"/>err<span class="_ _5"/>ed t<span class="_ _5"/>ax as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s ar<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d fo<span class="_ _5"/>r al<span class="_ _5"/>l unu<span class="_ _5"/>se<span class="_ _5"/>d t<span class="_ _5"/>ax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lo<span class="_ _5"/>ss<span class="_ _5"/>es<span class="_ _5"/>, to t<span class="_ _5"/>he ex<span class="_ _3"/>ten<span class="_ _5"/>t th<span class="_ _5"/>at i<span class="_ _5"/>t i<span class="_ _5"/>s con<span class="_ _5"/>si<span class="_ _5"/>de<span class="_ _5"/>re<span class="_ _5"/>d li<span class="_ _5"/>kel<span class="_ _5"/>y th<span class="_ _5"/>at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>ey w<span class="_ _5"/>il<span class="_ _5"/>l be u<span class="_ _5"/>t<span class="_ _5"/>ili<span class="_ _5"/>se<span class="_ _5"/>d a<span class="_ _5"/>gai<span class="_ _5"/>ns<span class="_ _5"/>t f<span class="_ _5"/>u<span class="_ _5"/>tur<span class="_ _5"/>e ta<span class="_ _5"/>xa<span class="_ _5"/>bl<span class="_ _5"/>e pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>s. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Determining the<span class="_ _0"/> amount recognised<span class="_ _0"/> for deferred<span class="_ _0"/> tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s is b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n es<span class="_ _5"/>t<span class="_ _5"/>im<span class="_ _5"/>ate<span class="_ _5"/>s of t<span class="_ _5"/>he l<span class="_ _5"/>ike<span class="_ _5"/>ly t<span class="_ _5"/>im<span class="_ _5"/>in<span class="_ _5"/>g an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the amount of<span class="_ _0"/> future taxable<span class="_ _0"/> profit<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognition and<span class="_ _0"/> measurement of<span class="_ _0"/> the uncertain tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">position are<span class="_ _0"/> based on<span class="_ _0"/> judgement and<span class="_ _0"/> estimates made </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by M<span class="_ _5"/>ana<span class="_ _5"/>g<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>. Se<span class="_ _5"/>e no<span class="_ _5"/>te 6.1 fo<span class="_ _5"/>r a de<span class="_ _5"/>sc<span class="_ _5"/>ri<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">nature o<span class="_ _0"/>f the uncertain tax position</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d def<span class="_ _5"/>er<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x as<span class="_ _5"/>se<span class="_ _5"/>t ma<span class="_ _5"/>in<span class="_ _5"/>ly r<span class="_ _5"/>el<span class="_ _5"/>ate t<span class="_ _5"/>o th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of<span class="_ _0"/> an unused<span class="_ _0"/> tax loss carried<span class="_ _0"/> forward originated<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in D<span class="_ _5"/>ie H<span class="_ _5"/>au<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>gn<span class="_ _5"/>ie G<span class="_ _5"/>mb<span class="_ _5"/>H b<span class="_ _5"/>ut u<span class="_ _5"/>t<span class="_ _5"/>il<span class="_ _5"/>is<span class="_ _5"/>ed by H<span class="_ _5"/>u<span class="_ _5"/>s-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Compagniet Holding<span class="_ _0"/> A<span class="_ _5"/>/S when Die<span class="_ _0"/> HausCompagnie </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">GmbH is finally liquidated.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.1<span class="ff48 fc0 lsad wsae"> <span class="_ _5c"> </span>Income statement by natur<span class="_ _0"/>e</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">It i<span class="_ _5"/>s t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up’s po<span class="_ _5"/>li<span class="_ _5"/>c<span class="_ _5"/>y to p<span class="_ _5"/>rep<span class="_ _5"/>ar<span class="_ _5"/>e th<span class="_ _5"/>e in<span class="_ _5"/>co<span class="_ _5"/>me s<span class="_ _5"/>ta<span class="_ _5"/>te<span class="_ _5"/>me<span class="_ _5"/>nt b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n an a<span class="_ _5"/>dj<span class="_ _5"/>us<span class="_ _5"/>te<span class="_ _5"/>d cl<span class="_ _5"/>as<span class="_ _5"/>si<span class="_ _5"/>f<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f cos<span class="_ _5"/>t of s<span class="_ _5"/>al<span class="_ _5"/>es<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e inc<span class="_ _5"/>om<span class="_ _5"/>e s<span class="_ _5"/>ta<span class="_ _5"/>tem<span class="_ _5"/>en<span class="_ _5"/>t p<span class="_ _5"/>rep<span class="_ _5"/>ar<span class="_ _5"/>ed o<span class="_ _5"/>n th<span class="_ _5"/>e ba<span class="_ _5"/>si<span class="_ _5"/>s of co<span class="_ _5"/>s<span class="_ _5"/>t by na<span class="_ _5"/>tu<span class="_ _5"/>re is s<span class="_ _5"/>ho<span class="_ _5"/>wn b<span class="_ _5"/>el<span class="_ _5"/>ow<span class="_ _5"/>:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:281.171875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 393.397px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,956,517 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.1836px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Changes in inventories of finished goods and work in progress</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.672px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-302,888</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-137,951</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 574.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Raw materials, consumables and subcontractors used</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.213px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,109,089</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,650,594</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 573.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 403.136px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-359,750 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-298,037</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 573.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other external e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xpenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 332.953px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-123,525 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-107,379</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 125.311px; width: 573.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 411.041px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 88 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,151</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.389px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Operating profit before depreciation and amortisation (EBITDA)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.029px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 61,353 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">103,627</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 161.451px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.641px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-45,896 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-47,840</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 179.529px; width: 573.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Operating profit (EBIT)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.723px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,457 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55,787</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 198.779px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 381.581px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,418 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,184</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 216.857px; width: 574.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.043px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-44,469 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-48,986</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 234.92px; width: 574.254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 373.506px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-27,594 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,985</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 252.998px; width: 574.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ax on profit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 402.124px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,358 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-14,119</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 271.061px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 367.002px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-26,236 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,134</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _5"/>3<span class="ff48 fc0 lsad wsae"> <span class="_ _183"> </span>Seg<span class="_ _5"/>ment information</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For management purposes,<span class="_ _0"/> the Group is organ<span class="_ _0"/>ised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>to bu<span class="_ _5"/>si<span class="_ _5"/>ne<span class="_ _5"/>ss u<span class="_ _5"/>ni<span class="_ _5"/>t<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on i<span class="_ _5"/>t<span class="_ _5"/>s p<span class="_ _5"/>ro<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d se<span class="_ _5"/>r<span class="_ _5"/>v<span class="_ _5"/>ic<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as we<span class="_ _5"/>ll a<span class="_ _5"/>s on i<span class="_ _5"/>t<span class="_ _5"/>s g<span class="_ _5"/>eo<span class="_ _5"/>gr<span class="_ _5"/>ap<span class="_ _5"/>hi<span class="_ _5"/>ca<span class="_ _5"/>l lo<span class="_ _5"/>c<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n. T<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up h<span class="_ _5"/>as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three reportable segments, as follows:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The detached<span class="_ _0"/> houses in Denmark<span class="_ _0"/> segment, which </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprises bric<span class="_ _0"/>k houses bui<span class="_ _0"/>lt on site<span class="_ _0"/>s and plots</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The semi- <span class="_ _5d"/>det<span class="_ _5"/>ached and<span class="_ _0"/> wooden-<span class="_ _5"/> <span class="_ _5d"/>frame houses in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Denmark segment, which c<span class="_ _0"/>omprises brick houses<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">built on<span class="_ _0"/> sites and<span class="_ _0"/> plots, comprising both<span class="_ _0"/> business- </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to-<span class="_ _5"/>business and business- <span class="_ _5d"/>to-<span class="_ _5"/>consumers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The W<span class="_ _0"/>ooden segment which<span class="_ _0"/> comprises detached<span class="_ _0"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _5"/>fa<span class="_ _5"/>br<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>ted w<span class="_ _5"/>oo<span class="_ _5"/>de<span class="_ _5"/>n ho<span class="_ _5"/>us<span class="_ _5"/>es to t<span class="_ _5"/>h<span class="_ _5"/>e Swe<span class="_ _5"/>di<span class="_ _5"/>sh </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Ex<span class="_ _5"/>ecu<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>ve Ma<span class="_ _5"/>na<span class="_ _5"/>ge<span class="_ _5"/>me<span class="_ _5"/>nt i<span class="_ _5"/>s re<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>si<span class="_ _5"/>bl<span class="_ _5"/>e fo<span class="_ _5"/>r th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g re<span class="_ _5"/>su<span class="_ _5"/>lt<span class="_ _5"/>s o<span class="_ _5"/>f it<span class="_ _5"/>s b<span class="_ _5"/>us<span class="_ _5"/>in<span class="_ _5"/>es<span class="_ _5"/>s un<span class="_ _5"/>it<span class="_ _5"/>s f<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>ur<span class="_ _5"/>p<span class="_ _5"/>ose </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of making<span class="_ _0"/> decisions about resour<span class="_ _0"/>ce allocation and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performance assessment. <span class="_ _5d"/>Segment per<span class="_ _5"/>formance for<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2025 is ev<span class="_ _5"/>al<span class="_ _5"/>ua<span class="_ _5"/>te<span class="_ _5"/>d bas<span class="_ _5"/>ed o<span class="_ _5"/>n <span class="_ _5d"/>o<span class="_ _5"/>p<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t (E<span class="_ _5"/>B<span class="_ _5"/>IT<span class="_ _5"/>)<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> financing (including financial income<span class="_ _0"/> and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial expenses)<span class="_ _0"/> and income<span class="_ _0"/> taxes are<span class="_ _0"/> managed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on a G<span class="_ _5"/>ro<span class="_ _5"/>up b<span class="_ _5"/>as<span class="_ _5"/>is a<span class="_ _5"/>nd a<span class="_ _5"/>re no<span class="_ _5"/>t al<span class="_ _5"/>lo<span class="_ _5"/>ca<span class="_ _5"/>te<span class="_ _5"/>d to op<span class="_ _5"/>e<span class="_ _5"/>ra<span class="_ _5"/>ti<span class="_ _5"/>ng </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments. Asset<span class="_ _5"/>s and liabilities<span class="_ _0"/> are not<span class="_ _0"/> allocated to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments. The segmentation reflect<span class="_ _5"/>s the internal<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">report<span class="_ _5"/>ing and<span class="_ _0"/> management struc<span class="_ _5"/>ture.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Smaller projects of building semi- <span class="_ _cc"/>detached houses<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are handled<span class="_ _0"/> through our detached<span class="_ _0"/> segment where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e pr<span class="_ _5"/>oj<span class="_ _5"/>ec<span class="_ _5"/>t p<span class="_ _5"/>ro<span class="_ _5"/>ces<span class="_ _5"/>s is l<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In<span class="_ _5"/>ter-<span class="_ _5"/> <span class="_ _5d"/>s<span class="_ _5"/>eg<span class="_ _5"/>me<span class="_ _5"/>nt r<span class="_ _5"/>eve<span class="_ _5"/>nu<span class="_ _5"/>e is re<span class="_ _5"/>ven<span class="_ _5"/>ue t<span class="_ _5"/>r<span class="_ _5"/>ad<span class="_ _5"/>ed f<span class="_ _5"/>ro<span class="_ _5"/>m a se<span class="_ _5"/>g<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment to<span class="_ _0"/> another segment, e.g.<span class="_ _0"/> land. There<span class="_ _0"/> has been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">no intersegment r<span class="_ _0"/>evenue in<span class="_ _0"/> 20<span class="_ _0"/>25.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:461.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.625px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.734px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.25px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.359px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.359px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.703px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.203px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 41.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 97.9199px; width: 576.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">External customers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 162.621px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,189,880 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 641,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 124,938 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,956,517 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 115.982px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.603px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 134.061px; width: 576.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.008px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,189,880 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 641,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 124,938 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,956,517 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 165.467px; width: 88.7578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income / expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 183.529px; width: 576.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,779,164 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-618,531 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-71,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,468,705 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.607px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.603px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 219.67px; width: 576.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment gross profit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.699px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 410,716 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.9571px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23,168 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 53,928 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 487,812 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 237.748px; width: 574.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18.8%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">43.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.154px; width: 576.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.631px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 82 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.377px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.5858px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.6915px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 88 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.217px; width: 576.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-217,825 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-65,807 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-19,390 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-303,022 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.295px; width: 576.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.867px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-93,628 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-16,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-13,887 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-123,525 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.357px; width: 576.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.01px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 99,345 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-58,643 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 20,651 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 61,353 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.436px; width: 573.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.582px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.1%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 359.498px; width: 576.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.393px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-29,404 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-8,188 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2873px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-8,304 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-45,896 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 377.576px; width: 576.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.863px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 69,941 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-66,831 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 12,347 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,457 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 395.639px; width: 573.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.412px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9.9%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.717px; width: 576.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 466.616px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,418 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 431.779px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 449.228px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-44,469</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.139px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit / loss before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 431.01px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-27,594</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:461.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.406px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.047px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.812px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 438.25px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.391px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.453px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.172px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 524.359px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 41.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 97.9199px; width: 574.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">External customers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.469px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,841,672</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">340,313</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 115.982px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 200.924px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-62,379</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">62,379</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 134.061px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,779,293</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">402,692</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 165.467px; width: 88.7578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income / expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 183.529px; width: 574.312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,482,233</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-265,908</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-73,611</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,821,751</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.607px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.076px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,884</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-59,884</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 219.67px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment gross profit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.383px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">356,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">76,900</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,561</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">475,406</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 237.748px; width: 573.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20.7%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.154px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 164.69px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,151</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,151</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.217px; width: 573.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-200,956</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-53,932</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,662</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-265,551</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.295px; width: 574.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.867px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-79,591</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-4,194</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-23,594</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-107,379</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.357px; width: 574.061px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.447px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">77,548</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18,774</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.758px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,305</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">103,627</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.436px; width: 574.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.582px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 359.498px; width: 573.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.393px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-35,906</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,252</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-6,682</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-47,840</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 377.576px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.301px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,642</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13,522</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.8574px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">623</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55,787</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 395.639px; width: 574.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.412px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.4%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.717px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 469.324px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,184</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 431.779px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 449.228px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-48,986</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.139px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit / loss before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 440.7px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,985</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.109375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 159.586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue from e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xternal customers</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.8574px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.999px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,831,579</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,181,985</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.9199px; width: 573.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sweden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.998px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 373.506px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,956,517</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e reve<span class="_ _5"/>nu<span class="_ _5"/>e in<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n ab<span class="_ _5"/>ove i<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>he g<span class="_ _5"/>eo<span class="_ _5"/>g<span class="_ _5"/>ra<span class="_ _5"/>ph<span class="_ _5"/>ic l<span class="_ _5"/>oc<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns o<span class="_ _5"/>f th<span class="_ _5"/>e ho<span class="_ _5"/>us<span class="_ _5"/>es s<span class="_ _5"/>ol<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No individual customer acc<span class="_ _0"/>ounts for more<span class="_ _0"/> than 10% of<span class="_ _0"/> the consolidated<span class="_ _0"/> revenue.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:99.296875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 90px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.999px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,970,179</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,949,757</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sweden</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 411.041px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">273,286</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">259,299</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1855px; width: 573.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 323.795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,243,465</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,209,056</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The non-current assets information<span class="_ _0"/> above<span class="_ _0"/> is based on<span class="_ _0"/> the assets’<span class="_ _0"/> physical locations. For<span class="_ _0"/> goodwill, the locations<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are bas<span class="_ _0"/>ed on the<span class="_ _0"/> CGU allocation<span class="_ _0"/> from the pur<span class="_ _0"/>chase price<span class="_ _0"/> allocations. The<span class="_ _0"/> locations for the<span class="_ _0"/> intangible assets are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined based<span class="_ _0"/> on the legal<span class="_ _0"/> owner/<span class="_ _0"/>user<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>current assets for this<span class="_ _0"/> purpose consist of<span class="_ _0"/> goodwill and other intangible assets, propert<span class="_ _5"/>y<span class="_ _0"/>, plant and<span class="_ _0"/> equipment, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">right-of-u<span class="_ _5"/>se assets and<span class="_ _0"/> other receivables.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> is engaged in<span class="_ _0"/> construc<span class="_ _5"/>tion act<span class="_ _5"/>ivities in Denmark and<span class="_ _0"/> Sweden.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>contrac<span class="_ _5"/>ted sales ar<span class="_ _0"/>e recognised<span class="_ _0"/> on delivery (point-in<span class="_ _5"/>-time) whereas<span class="_ _0"/> contrac<span class="_ _5"/>ted sales<span class="_ _0"/> are r<span class="_ _0"/>ecognised over<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">time. Payment<span class="_ _0"/> is typicall<span class="_ _5"/>y due at<span class="_ _0"/> the time of<span class="_ _0"/> final deliver<span class="_ _5"/>y of<span class="_ _0"/> the house projects in the Detached<span class="_ _0"/> segment, however<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a small<span class="_ _0"/> deposit is paid<span class="_ _0"/> upon contract negotiation. The Group r<span class="_ _0"/>eceives a<span class="_ _0"/> bank guarantee<span class="_ _0"/> in connection with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>t-<span class="_ _5"/>u<span class="_ _5"/>p of ea<span class="_ _5"/>ch co<span class="_ _5"/>n<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _5"/>t a<span class="_ _5"/>nd i<span class="_ _5"/>s e<span class="_ _5"/>nt<span class="_ _5"/>it<span class="_ _5"/>l<span class="_ _5"/>ed to p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt f<span class="_ _5"/>or w<span class="_ _5"/>or<span class="_ _5"/>k pe<span class="_ _5"/>r<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>ed<span class="_ _5"/>, in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>, du<span class="_ _5"/>ri<span class="_ _5"/>ng t<span class="_ _5"/>he p<span class="_ _5"/>ro<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The majority of the<span class="_ _0"/> contrac<span class="_ _5"/>ted sales<span class="_ _0"/> in the Semi-detached segment entitle the Group t<span class="_ _0"/>o on-account payments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">linked<span class="_ _0"/> to the per<span class="_ _0"/>centage of c<span class="_ _0"/>ompletion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>ted sales<span class="_ _0"/> comprise<span class="_ _0"/> the sale of<span class="_ _0"/> houses c<span class="_ _0"/>onstruc<span class="_ _5"/>ted on<span class="_ _0"/> the customers' land,<span class="_ _0"/> or houses<span class="_ _0"/> sold on<span class="_ _0"/> own land<span class="_ _0"/> that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are c<span class="_ _5"/>ove<span class="_ _5"/>red b<span class="_ _5"/>y a cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t b<span class="_ _5"/>ef<span class="_ _5"/>ore c<span class="_ _5"/>on<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>uc<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>on i<span class="_ _5"/>s st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>te<span class="_ _5"/>d. A<span class="_ _5"/>ll c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>ted s<span class="_ _5"/>al<span class="_ _5"/>es a<span class="_ _5"/>re f<span class="_ _5"/>i<span class="_ _5"/>xed<span class="_ _5"/>-<span class="_ _5"/>p<span class="_ _5"/>r<span class="_ _5"/>ice co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Conversely<span class="_ _0"/>, non-contrac<span class="_ _5"/>ted sales<span class="_ _0"/> comprise:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. <span class="_ _1a0"> </span>Th<span class="_ _5"/>e sal<span class="_ _5"/>e of h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s co<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ru<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d on ow<span class="_ _5"/>n l<span class="_ _5"/>an<span class="_ _5"/>d for w<span class="_ _5"/>h<span class="_ _5"/>ich n<span class="_ _5"/>o cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t ha<span class="_ _5"/>s be<span class="_ _5"/>en e<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>d in<span class="_ _5"/>to b<span class="_ _5"/>efo<span class="_ _5"/>re co<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">struc<span class="_ _5"/>tion star<span class="_ _5"/>ts.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. <span class="_ _5c"> </span>The s<span class="_ _5"/>al<span class="_ _5"/>e of de<span class="_ _5"/>t<span class="_ _5"/>ach<span class="_ _5"/>ed l<span class="_ _5"/>an<span class="_ _5"/>d p<span class="_ _5"/>lot<span class="_ _3"/>s for w<span class="_ _5"/>hi<span class="_ _5"/>ch n<span class="_ _5"/>o cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t has b<span class="_ _5"/>e<span class="_ _5"/>en e<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>d in<span class="_ _5"/>to b<span class="_ _5"/>efo<span class="_ _5"/>re p<span class="_ _5"/>urc<span class="_ _5"/>ha<span class="_ _5"/>se a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development<span class="_ _0"/> of the la<span class="_ _0"/>nd plots.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.625px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.734px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.25px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.359px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.359px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.703px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.203px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 174.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue per segment and category </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 92.5918px; width: 86.9121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– contracted sales</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.67px; width: 185.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on customers' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.404px; width: 573.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">building sites</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,061,953</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">567,318</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,754,209</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 141.482px; width: 574.125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on own building sites </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3185px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">74,038</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">68,515</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">142,553</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.545px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.322px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,135,991</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">635,833</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,896,762</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue per segment and category </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">– non-contracted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Show and project houses </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,403</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,403</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 573.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.27px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,143</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,866</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9,009</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 574.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sale of land plots</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.205px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,343</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,343</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2168px; width: 574.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">53,889</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7404px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,866</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,755</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,189,880</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">641,699</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,956,517</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.406px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.047px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.812px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 438.25px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.391px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.8887px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.453px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.172px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 524.359px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 174.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue per segment and category </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 92.5918px; width: 86.9121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– contracted sales</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.654px; width: 185.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on customers' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.404px; width: 573.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">building sites</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,594,968</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">346,399</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,056,539</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 141.482px; width: 574.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on own building sites </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">138,888</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.545px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.322px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,696,912</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">383,343</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,195,427</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue per segment and category </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">– non-contracted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Show and project houses </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">71,825</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">71,825</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 573.75px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.27px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,438</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,349</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,787</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 574.096px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sale of land plots</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.387px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,118</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,118</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2168px; width: 573.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">82,381</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,349</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,730</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,779,293</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">402,692</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _3"/>4<span class="ff48 fc0 lsad wsae"> <span class="_ _5c"> </span>C<span class="_ _5"/>osts including staf<span class="_ _3"/>f<span class="_ _5"/> costs a<span class="_ _5"/>nd remuner<span class="_ _0"/>ation</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:207.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 31.5605px; width: 49.9395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 47.0918px; width: 577.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ages and salaries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 360.058px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">330,645</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 265,441 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 62.6074px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Hereof capitalised wages and salaries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,892</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-3,850 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 78.123px; width: 577.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Defined contribution pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 294.387px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,918</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 19,724 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.6387px; width: 576.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other social security costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,553</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 9,753 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 109.154px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,526</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6,969 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 124.686px; width: 576.615px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 424.039px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">359,750</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 298,037 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 150.982px; width: 190.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Statement of profit or loss classification:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 166.498px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Hourly workers recognized as cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 258.035px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">56,728</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,486</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 182.014px; width: 573.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Salaried employees recognized as staff costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.863px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">303,022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">265,551</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 197.545px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 424.039px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">359,750</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">298.037</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:25.640625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average number of full-time employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 288.832px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="letter-spacing: 0px; word-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);">471</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="letter-spacing: 0px; word-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);">398</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 15.5293px; width: 573.82px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of full-time employees at year-end</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.621px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">508</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">434</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:517.734375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 539.748px; white-space: pre; word-spacing: -0.2025px; letter-spacing: 0.2025px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Ke</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">y management personnel is</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> defined as the Executive Management, and disclos</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ures are</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> provided below</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">.</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 23.7949px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3418px; width: 168.949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remuneration of Board of Directors</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.8574px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Base salary and non-monetary benefits</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.299px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,350</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,350 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 86.373px; width: 576.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,350</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,350 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 112.67px; width: 193.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remuneration of Ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ecutive Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 128.201px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Base salary and non-monetary benefits</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.299px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,173</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7,712 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.717px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.375px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,919</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,083 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.232px; width: 576.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,334</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,581 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 174.748px; width: 574.131px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.043px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,426</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,376</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.061px; width: 163.254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other Key management P</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ersonnel</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 216.576px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Base salary and non-monetary benefits</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.299px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,390</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5,222 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 232.092px; width: 576.422px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Defined contribution pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 309.357px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">186</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 178 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 247.607px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.375px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,136</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,931 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 263.123px; width: 576.422px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,413</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 970 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 278.654px; width: 576.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,125</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 8,301 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 310.107px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.654px; width: 193.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remuneration of Ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ecutive Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 357.17px; width: 205.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Martin-Ravn Nielsen (CEO from May 2020):</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 372.686px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Salary</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 433.249px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,122</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,822 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 388.217px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.375px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,212</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,106 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 403.732px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,684</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,309 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 419.248px; width: 576.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 436.939px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,018</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 8,237 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 445.545px; width: 239.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Allan Auning-Hansen (CFO from November 2023):</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 461.076px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Salary</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 433.249px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,051</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,890 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 476.592px; width: 576.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 440.7px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">707</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 977 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 492.107px; width: 576.422px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.432px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">650</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 272 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 507.623px; width: 576.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 436.939px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,408</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,139 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The long-term incentive<span class="_ _0"/> programme is described in<span class="_ _0"/> Note 2.5.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _5"/>3<span class="ff48 fc0 lsad wsae"> <span class="_ _183"> </span>Seg<span class="_ _5"/>ment information</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For management purposes,<span class="_ _0"/> the Group is organ<span class="_ _0"/>ised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>to bu<span class="_ _5"/>si<span class="_ _5"/>ne<span class="_ _5"/>ss u<span class="_ _5"/>ni<span class="_ _5"/>t<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on i<span class="_ _5"/>t<span class="_ _5"/>s p<span class="_ _5"/>ro<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d se<span class="_ _5"/>r<span class="_ _5"/>v<span class="_ _5"/>ic<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as we<span class="_ _5"/>ll a<span class="_ _5"/>s on i<span class="_ _5"/>t<span class="_ _5"/>s g<span class="_ _5"/>eo<span class="_ _5"/>gr<span class="_ _5"/>ap<span class="_ _5"/>hi<span class="_ _5"/>ca<span class="_ _5"/>l lo<span class="_ _5"/>c<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n. T<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up h<span class="_ _5"/>as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three reportable segments, as follows:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The detached<span class="_ _0"/> houses in Denmark<span class="_ _0"/> segment, which </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprises bric<span class="_ _0"/>k houses bui<span class="_ _0"/>lt on site<span class="_ _0"/>s and plots</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The semi- <span class="_ _5d"/>det<span class="_ _5"/>ached and<span class="_ _0"/> wooden-<span class="_ _5"/> <span class="_ _5d"/>frame houses in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Denmark segment, which c<span class="_ _0"/>omprises brick houses<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">built on<span class="_ _0"/> sites and<span class="_ _0"/> plots, comprising both<span class="_ _0"/> business- </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to-<span class="_ _5"/>business and business- <span class="_ _5d"/>to-<span class="_ _5"/>consumers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The W<span class="_ _0"/>ooden segment which<span class="_ _0"/> comprises detached<span class="_ _0"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _5"/>fa<span class="_ _5"/>br<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>ted w<span class="_ _5"/>oo<span class="_ _5"/>de<span class="_ _5"/>n ho<span class="_ _5"/>us<span class="_ _5"/>es to t<span class="_ _5"/>h<span class="_ _5"/>e Swe<span class="_ _5"/>di<span class="_ _5"/>sh </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Ex<span class="_ _5"/>ecu<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>ve Ma<span class="_ _5"/>na<span class="_ _5"/>ge<span class="_ _5"/>me<span class="_ _5"/>nt i<span class="_ _5"/>s re<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>si<span class="_ _5"/>bl<span class="_ _5"/>e fo<span class="_ _5"/>r th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g re<span class="_ _5"/>su<span class="_ _5"/>lt<span class="_ _5"/>s o<span class="_ _5"/>f it<span class="_ _5"/>s b<span class="_ _5"/>us<span class="_ _5"/>in<span class="_ _5"/>es<span class="_ _5"/>s un<span class="_ _5"/>it<span class="_ _5"/>s f<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>ur<span class="_ _5"/>p<span class="_ _5"/>ose </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of making<span class="_ _0"/> decisions about resour<span class="_ _0"/>ce allocation and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performance assessment. <span class="_ _5d"/>Segment per<span class="_ _5"/>formance for<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2025 is ev<span class="_ _5"/>al<span class="_ _5"/>ua<span class="_ _5"/>te<span class="_ _5"/>d bas<span class="_ _5"/>ed o<span class="_ _5"/>n <span class="_ _5d"/>o<span class="_ _5"/>p<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t (E<span class="_ _5"/>B<span class="_ _5"/>IT<span class="_ _5"/>)<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> financing (including financial income<span class="_ _0"/> and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial expenses)<span class="_ _0"/> and income<span class="_ _0"/> taxes are<span class="_ _0"/> managed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on a G<span class="_ _5"/>ro<span class="_ _5"/>up b<span class="_ _5"/>as<span class="_ _5"/>is a<span class="_ _5"/>nd a<span class="_ _5"/>re no<span class="_ _5"/>t al<span class="_ _5"/>lo<span class="_ _5"/>ca<span class="_ _5"/>te<span class="_ _5"/>d to op<span class="_ _5"/>e<span class="_ _5"/>ra<span class="_ _5"/>ti<span class="_ _5"/>ng </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments. Asset<span class="_ _5"/>s and liabilities<span class="_ _0"/> are not<span class="_ _0"/> allocated to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments. The segmentation reflect<span class="_ _5"/>s the internal<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">report<span class="_ _5"/>ing and<span class="_ _0"/> management struc<span class="_ _5"/>ture.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Smaller projects of building semi- <span class="_ _cc"/>detached houses<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are handled<span class="_ _0"/> through our detached<span class="_ _0"/> segment where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e pr<span class="_ _5"/>oj<span class="_ _5"/>ec<span class="_ _5"/>t p<span class="_ _5"/>ro<span class="_ _5"/>ces<span class="_ _5"/>s is l<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In<span class="_ _5"/>ter-<span class="_ _5"/> <span class="_ _5d"/>s<span class="_ _5"/>eg<span class="_ _5"/>me<span class="_ _5"/>nt r<span class="_ _5"/>eve<span class="_ _5"/>nu<span class="_ _5"/>e is re<span class="_ _5"/>ven<span class="_ _5"/>ue t<span class="_ _5"/>r<span class="_ _5"/>ad<span class="_ _5"/>ed f<span class="_ _5"/>ro<span class="_ _5"/>m a se<span class="_ _5"/>g<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment to<span class="_ _0"/> another segment, e.g.<span class="_ _0"/> land. There<span class="_ _0"/> has been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">no intersegment r<span class="_ _0"/>evenue in<span class="_ _0"/> 20<span class="_ _0"/>25.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:461.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.625px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.734px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.25px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.359px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.359px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.703px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.203px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 41.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 97.9199px; width: 576.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">External customers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 162.621px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,189,880 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 641,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 124,938 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,956,517 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 115.982px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.603px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 134.061px; width: 576.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.008px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,189,880 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 641,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 124,938 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,956,517 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 165.467px; width: 88.7578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income / expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 183.529px; width: 576.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,779,164 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-618,531 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-71,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,468,705 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.607px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.603px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 219.67px; width: 576.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment gross profit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.699px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 410,716 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.9571px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23,168 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 53,928 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 487,812 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 237.748px; width: 574.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18.8%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">43.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.154px; width: 576.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.631px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 82 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.377px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.5858px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.6915px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 88 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.217px; width: 576.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-217,825 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-65,807 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-19,390 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-303,022 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.295px; width: 576.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.867px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-93,628 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-16,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-13,887 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-123,525 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.357px; width: 576.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.01px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 99,345 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-58,643 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 20,651 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 61,353 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.436px; width: 573.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.582px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.1%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 359.498px; width: 576.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.393px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-29,404 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-8,188 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2873px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-8,304 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-45,896 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 377.576px; width: 576.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.863px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 69,941 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-66,831 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 12,347 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,457 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 395.639px; width: 573.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.412px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9.9%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.717px; width: 576.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 466.616px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,418 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 431.779px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 449.228px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-44,469</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.139px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit / loss before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 431.01px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-27,594</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:461.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.406px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.047px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.812px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 438.25px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.391px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.453px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.172px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 524.359px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 41.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 97.9199px; width: 574.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">External customers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.469px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,841,672</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">340,313</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 115.982px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 200.924px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-62,379</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">62,379</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 134.061px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,779,293</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">402,692</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 165.467px; width: 88.7578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income / expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 183.529px; width: 574.312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,482,233</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-265,908</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-73,611</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,821,751</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.607px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.076px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,884</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-59,884</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 219.67px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment gross profit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.383px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">356,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">76,900</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,561</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">475,406</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 237.748px; width: 573.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20.7%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.154px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 164.69px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,151</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,151</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.217px; width: 573.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-200,956</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-53,932</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,662</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-265,551</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.295px; width: 574.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.867px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-79,591</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-4,194</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-23,594</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-107,379</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.357px; width: 574.061px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.447px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">77,548</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18,774</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.758px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,305</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">103,627</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.436px; width: 574.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.582px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 359.498px; width: 573.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.393px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-35,906</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,252</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-6,682</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-47,840</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 377.576px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.301px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,642</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13,522</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.8574px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">623</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55,787</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 395.639px; width: 574.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.412px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.4%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.717px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 469.324px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,184</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 431.779px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 449.228px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-48,986</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.139px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit / loss before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 440.7px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,985</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.109375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 159.586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue from e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xternal customers</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.8574px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.999px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,831,579</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,181,985</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.9199px; width: 573.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sweden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.998px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 373.506px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,956,517</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e reve<span class="_ _5"/>nu<span class="_ _5"/>e in<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n ab<span class="_ _5"/>ove i<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>he g<span class="_ _5"/>eo<span class="_ _5"/>g<span class="_ _5"/>ra<span class="_ _5"/>ph<span class="_ _5"/>ic l<span class="_ _5"/>oc<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns o<span class="_ _5"/>f th<span class="_ _5"/>e ho<span class="_ _5"/>us<span class="_ _5"/>es s<span class="_ _5"/>ol<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No individual customer acc<span class="_ _0"/>ounts for more<span class="_ _0"/> than 10% of<span class="_ _0"/> the consolidated<span class="_ _0"/> revenue.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:99.296875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 90px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.999px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,970,179</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,949,757</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sweden</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 411.041px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">273,286</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">259,299</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1855px; width: 573.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 323.795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,243,465</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,209,056</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The non-current assets information<span class="_ _0"/> above<span class="_ _0"/> is based on<span class="_ _0"/> the assets’<span class="_ _0"/> physical locations. For<span class="_ _0"/> goodwill, the locations<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are bas<span class="_ _0"/>ed on the<span class="_ _0"/> CGU allocation<span class="_ _0"/> from the pur<span class="_ _0"/>chase price<span class="_ _0"/> allocations. The<span class="_ _0"/> locations for the<span class="_ _0"/> intangible assets are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined based<span class="_ _0"/> on the legal<span class="_ _0"/> owner/<span class="_ _0"/>user<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>current assets for this<span class="_ _0"/> purpose consist of<span class="_ _0"/> goodwill and other intangible assets, propert<span class="_ _5"/>y<span class="_ _0"/>, plant and<span class="_ _0"/> equipment, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">right-of-u<span class="_ _5"/>se assets and<span class="_ _0"/> other receivables.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> is engaged in<span class="_ _0"/> construc<span class="_ _5"/>tion act<span class="_ _5"/>ivities in Denmark and<span class="_ _0"/> Sweden.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>contrac<span class="_ _5"/>ted sales ar<span class="_ _0"/>e recognised<span class="_ _0"/> on delivery (point-in<span class="_ _5"/>-time) whereas<span class="_ _0"/> contrac<span class="_ _5"/>ted sales<span class="_ _0"/> are r<span class="_ _0"/>ecognised over<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">time. Payment<span class="_ _0"/> is typicall<span class="_ _5"/>y due at<span class="_ _0"/> the time of<span class="_ _0"/> final deliver<span class="_ _5"/>y of<span class="_ _0"/> the house projects in the Detached<span class="_ _0"/> segment, however<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a small<span class="_ _0"/> deposit is paid<span class="_ _0"/> upon contract negotiation. The Group r<span class="_ _0"/>eceives a<span class="_ _0"/> bank guarantee<span class="_ _0"/> in connection with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>t-<span class="_ _5"/>u<span class="_ _5"/>p of ea<span class="_ _5"/>ch co<span class="_ _5"/>n<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _5"/>t a<span class="_ _5"/>nd i<span class="_ _5"/>s e<span class="_ _5"/>nt<span class="_ _5"/>it<span class="_ _5"/>l<span class="_ _5"/>ed to p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt f<span class="_ _5"/>or w<span class="_ _5"/>or<span class="_ _5"/>k pe<span class="_ _5"/>r<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>ed<span class="_ _5"/>, in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>, du<span class="_ _5"/>ri<span class="_ _5"/>ng t<span class="_ _5"/>he p<span class="_ _5"/>ro<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The majority of the<span class="_ _0"/> contrac<span class="_ _5"/>ted sales<span class="_ _0"/> in the Semi-detached segment entitle the Group t<span class="_ _0"/>o on-account payments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">linked<span class="_ _0"/> to the per<span class="_ _0"/>centage of c<span class="_ _0"/>ompletion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>ted sales<span class="_ _0"/> comprise<span class="_ _0"/> the sale of<span class="_ _0"/> houses c<span class="_ _0"/>onstruc<span class="_ _5"/>ted on<span class="_ _0"/> the customers' land,<span class="_ _0"/> or houses<span class="_ _0"/> sold on<span class="_ _0"/> own land<span class="_ _0"/> that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are c<span class="_ _5"/>ove<span class="_ _5"/>red b<span class="_ _5"/>y a cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t b<span class="_ _5"/>ef<span class="_ _5"/>ore c<span class="_ _5"/>on<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>uc<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>on i<span class="_ _5"/>s st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>te<span class="_ _5"/>d. A<span class="_ _5"/>ll c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>ted s<span class="_ _5"/>al<span class="_ _5"/>es a<span class="_ _5"/>re f<span class="_ _5"/>i<span class="_ _5"/>xed<span class="_ _5"/>-<span class="_ _5"/>p<span class="_ _5"/>r<span class="_ _5"/>ice co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Conversely<span class="_ _0"/>, non-contrac<span class="_ _5"/>ted sales<span class="_ _0"/> comprise:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. <span class="_ _1a0"> </span>Th<span class="_ _5"/>e sal<span class="_ _5"/>e of h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s co<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ru<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d on ow<span class="_ _5"/>n l<span class="_ _5"/>an<span class="_ _5"/>d for w<span class="_ _5"/>h<span class="_ _5"/>ich n<span class="_ _5"/>o cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t ha<span class="_ _5"/>s be<span class="_ _5"/>en e<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>d in<span class="_ _5"/>to b<span class="_ _5"/>efo<span class="_ _5"/>re co<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">struc<span class="_ _5"/>tion star<span class="_ _5"/>ts.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. <span class="_ _5c"> </span>The s<span class="_ _5"/>al<span class="_ _5"/>e of de<span class="_ _5"/>t<span class="_ _5"/>ach<span class="_ _5"/>ed l<span class="_ _5"/>an<span class="_ _5"/>d p<span class="_ _5"/>lot<span class="_ _3"/>s for w<span class="_ _5"/>hi<span class="_ _5"/>ch n<span class="_ _5"/>o cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t has b<span class="_ _5"/>e<span class="_ _5"/>en e<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>d in<span class="_ _5"/>to b<span class="_ _5"/>efo<span class="_ _5"/>re p<span class="_ _5"/>urc<span class="_ _5"/>ha<span class="_ _5"/>se a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development<span class="_ _0"/> of the la<span class="_ _0"/>nd plots.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.625px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.734px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.25px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.359px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.359px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.703px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.203px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 174.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue per segment and category </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 92.5918px; width: 86.9121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– contracted sales</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.67px; width: 185.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on customers' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.404px; width: 573.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">building sites</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,061,953</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">567,318</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,754,209</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 141.482px; width: 574.125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on own building sites </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3185px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">74,038</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">68,515</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">142,553</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.545px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.322px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,135,991</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">635,833</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,896,762</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue per segment and category </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">– non-contracted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Show and project houses </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,403</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,403</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 573.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.27px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,143</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,866</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9,009</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 574.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sale of land plots</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.205px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,343</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,343</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2168px; width: 574.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">53,889</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7404px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,866</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,755</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,189,880</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">641,699</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,956,517</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.406px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.047px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.812px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 438.25px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.391px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.8887px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.453px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.172px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 524.359px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 174.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue per segment and category </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 92.5918px; width: 86.9121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– contracted sales</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.654px; width: 185.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on customers' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.404px; width: 573.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">building sites</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,594,968</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">346,399</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,056,539</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 141.482px; width: 574.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on own building sites </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">138,888</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.545px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.322px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,696,912</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">383,343</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,195,427</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue per segment and category </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">– non-contracted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Show and project houses </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">71,825</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">71,825</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 573.75px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.27px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,438</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,349</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,787</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 574.096px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sale of land plots</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.387px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,118</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,118</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2168px; width: 573.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">82,381</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,349</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,730</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,779,293</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">402,692</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _5"/>3<span class="ff48 fc0 lsad wsae"> <span class="_ _183"> </span>Seg<span class="_ _5"/>ment information</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For management purposes,<span class="_ _0"/> the Group is organ<span class="_ _0"/>ised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>to bu<span class="_ _5"/>si<span class="_ _5"/>ne<span class="_ _5"/>ss u<span class="_ _5"/>ni<span class="_ _5"/>t<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on i<span class="_ _5"/>t<span class="_ _5"/>s p<span class="_ _5"/>ro<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d se<span class="_ _5"/>r<span class="_ _5"/>v<span class="_ _5"/>ic<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as we<span class="_ _5"/>ll a<span class="_ _5"/>s on i<span class="_ _5"/>t<span class="_ _5"/>s g<span class="_ _5"/>eo<span class="_ _5"/>gr<span class="_ _5"/>ap<span class="_ _5"/>hi<span class="_ _5"/>ca<span class="_ _5"/>l lo<span class="_ _5"/>c<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n. T<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up h<span class="_ _5"/>as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three reportable segments, as follows:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The detached<span class="_ _0"/> houses in Denmark<span class="_ _0"/> segment, which </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprises bric<span class="_ _0"/>k houses bui<span class="_ _0"/>lt on site<span class="_ _0"/>s and plots</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The semi- <span class="_ _5d"/>det<span class="_ _5"/>ached and<span class="_ _0"/> wooden-<span class="_ _5"/> <span class="_ _5d"/>frame houses in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Denmark segment, which c<span class="_ _0"/>omprises brick houses<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">built on<span class="_ _0"/> sites and<span class="_ _0"/> plots, comprising both<span class="_ _0"/> business- </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to-<span class="_ _5"/>business and business- <span class="_ _5d"/>to-<span class="_ _5"/>consumers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The W<span class="_ _0"/>ooden segment which<span class="_ _0"/> comprises detached<span class="_ _0"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _5"/>fa<span class="_ _5"/>br<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>ted w<span class="_ _5"/>oo<span class="_ _5"/>de<span class="_ _5"/>n ho<span class="_ _5"/>us<span class="_ _5"/>es to t<span class="_ _5"/>h<span class="_ _5"/>e Swe<span class="_ _5"/>di<span class="_ _5"/>sh </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Ex<span class="_ _5"/>ecu<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>ve Ma<span class="_ _5"/>na<span class="_ _5"/>ge<span class="_ _5"/>me<span class="_ _5"/>nt i<span class="_ _5"/>s re<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>si<span class="_ _5"/>bl<span class="_ _5"/>e fo<span class="_ _5"/>r th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g re<span class="_ _5"/>su<span class="_ _5"/>lt<span class="_ _5"/>s o<span class="_ _5"/>f it<span class="_ _5"/>s b<span class="_ _5"/>us<span class="_ _5"/>in<span class="_ _5"/>es<span class="_ _5"/>s un<span class="_ _5"/>it<span class="_ _5"/>s f<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>ur<span class="_ _5"/>p<span class="_ _5"/>ose </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of making<span class="_ _0"/> decisions about resour<span class="_ _0"/>ce allocation and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performance assessment. <span class="_ _5d"/>Segment per<span class="_ _5"/>formance for<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2025 is ev<span class="_ _5"/>al<span class="_ _5"/>ua<span class="_ _5"/>te<span class="_ _5"/>d bas<span class="_ _5"/>ed o<span class="_ _5"/>n <span class="_ _5d"/>o<span class="_ _5"/>p<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t (E<span class="_ _5"/>B<span class="_ _5"/>IT<span class="_ _5"/>)<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> financing (including financial income<span class="_ _0"/> and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial expenses)<span class="_ _0"/> and income<span class="_ _0"/> taxes are<span class="_ _0"/> managed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on a G<span class="_ _5"/>ro<span class="_ _5"/>up b<span class="_ _5"/>as<span class="_ _5"/>is a<span class="_ _5"/>nd a<span class="_ _5"/>re no<span class="_ _5"/>t al<span class="_ _5"/>lo<span class="_ _5"/>ca<span class="_ _5"/>te<span class="_ _5"/>d to op<span class="_ _5"/>e<span class="_ _5"/>ra<span class="_ _5"/>ti<span class="_ _5"/>ng </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments. Asset<span class="_ _5"/>s and liabilities<span class="_ _0"/> are not<span class="_ _0"/> allocated to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments. The segmentation reflect<span class="_ _5"/>s the internal<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">report<span class="_ _5"/>ing and<span class="_ _0"/> management struc<span class="_ _5"/>ture.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Smaller projects of building semi- <span class="_ _cc"/>detached houses<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are handled<span class="_ _0"/> through our detached<span class="_ _0"/> segment where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e pr<span class="_ _5"/>oj<span class="_ _5"/>ec<span class="_ _5"/>t p<span class="_ _5"/>ro<span class="_ _5"/>ces<span class="_ _5"/>s is l<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In<span class="_ _5"/>ter-<span class="_ _5"/> <span class="_ _5d"/>s<span class="_ _5"/>eg<span class="_ _5"/>me<span class="_ _5"/>nt r<span class="_ _5"/>eve<span class="_ _5"/>nu<span class="_ _5"/>e is re<span class="_ _5"/>ven<span class="_ _5"/>ue t<span class="_ _5"/>r<span class="_ _5"/>ad<span class="_ _5"/>ed f<span class="_ _5"/>ro<span class="_ _5"/>m a se<span class="_ _5"/>g<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment to<span class="_ _0"/> another segment, e.g.<span class="_ _0"/> land. There<span class="_ _0"/> has been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">no intersegment r<span class="_ _0"/>evenue in<span class="_ _0"/> 20<span class="_ _0"/>25.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:461.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.625px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.734px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.25px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.359px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.359px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.703px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.203px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 41.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 97.9199px; width: 576.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">External customers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 162.621px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,189,880 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 641,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 124,938 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,956,517 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 115.982px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.603px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 134.061px; width: 576.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.008px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,189,880 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 641,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 124,938 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,956,517 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 165.467px; width: 88.7578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income / expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 183.529px; width: 576.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,779,164 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-618,531 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-71,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,468,705 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.607px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.603px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 219.67px; width: 576.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment gross profit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.699px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 410,716 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.9571px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23,168 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 53,928 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 487,812 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 237.748px; width: 574.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18.8%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">43.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.154px; width: 576.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.631px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 82 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.377px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.5858px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.6915px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 88 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.217px; width: 576.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-217,825 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-65,807 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-19,390 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-303,022 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.295px; width: 576.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.867px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-93,628 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-16,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-13,887 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-123,525 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.357px; width: 576.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.01px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 99,345 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-58,643 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 20,651 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 61,353 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.436px; width: 573.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.582px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.1%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 359.498px; width: 576.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.393px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-29,404 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-8,188 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2873px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-8,304 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-45,896 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 377.576px; width: 576.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.863px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 69,941 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-66,831 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 12,347 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,457 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 395.639px; width: 573.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.412px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9.9%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.717px; width: 576.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 466.616px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,418 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 431.779px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 449.228px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-44,469</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.139px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit / loss before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 431.01px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-27,594</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:461.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.406px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.047px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.812px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 438.25px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.391px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.453px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.172px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 524.359px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 41.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 97.9199px; width: 574.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">External customers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.469px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,841,672</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">340,313</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 115.982px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 200.924px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-62,379</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">62,379</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 134.061px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,779,293</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">402,692</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 165.467px; width: 88.7578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income / expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 183.529px; width: 574.312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,482,233</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-265,908</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-73,611</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,821,751</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.607px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.076px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,884</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-59,884</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 219.67px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment gross profit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.383px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">356,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">76,900</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,561</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">475,406</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 237.748px; width: 573.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20.7%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.154px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 164.69px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,151</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,151</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.217px; width: 573.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-200,956</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-53,932</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,662</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-265,551</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.295px; width: 574.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.867px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-79,591</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-4,194</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-23,594</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-107,379</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.357px; width: 574.061px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.447px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">77,548</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18,774</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.758px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,305</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">103,627</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.436px; width: 574.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.582px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 359.498px; width: 573.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.393px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-35,906</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,252</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-6,682</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-47,840</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 377.576px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.301px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,642</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13,522</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.8574px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">623</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55,787</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 395.639px; width: 574.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.412px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.4%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.717px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 469.324px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,184</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 431.779px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 449.228px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-48,986</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.139px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit / loss before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 440.7px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,985</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.109375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 159.586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue from e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xternal customers</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.8574px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.999px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,831,579</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,181,985</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.9199px; width: 573.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sweden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.998px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 373.506px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,956,517</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e reve<span class="_ _5"/>nu<span class="_ _5"/>e in<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n ab<span class="_ _5"/>ove i<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>he g<span class="_ _5"/>eo<span class="_ _5"/>g<span class="_ _5"/>ra<span class="_ _5"/>ph<span class="_ _5"/>ic l<span class="_ _5"/>oc<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns o<span class="_ _5"/>f th<span class="_ _5"/>e ho<span class="_ _5"/>us<span class="_ _5"/>es s<span class="_ _5"/>ol<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No individual customer acc<span class="_ _0"/>ounts for more<span class="_ _0"/> than 10% of<span class="_ _0"/> the consolidated<span class="_ _0"/> revenue.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:99.296875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 90px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.999px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,970,179</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,949,757</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sweden</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 411.041px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">273,286</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">259,299</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1855px; width: 573.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 323.795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,243,465</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,209,056</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The non-current assets information<span class="_ _0"/> above<span class="_ _0"/> is based on<span class="_ _0"/> the assets’<span class="_ _0"/> physical locations. For<span class="_ _0"/> goodwill, the locations<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are bas<span class="_ _0"/>ed on the<span class="_ _0"/> CGU allocation<span class="_ _0"/> from the pur<span class="_ _0"/>chase price<span class="_ _0"/> allocations. The<span class="_ _0"/> locations for the<span class="_ _0"/> intangible assets are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined based<span class="_ _0"/> on the legal<span class="_ _0"/> owner/<span class="_ _0"/>user<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>current assets for this<span class="_ _0"/> purpose consist of<span class="_ _0"/> goodwill and other intangible assets, propert<span class="_ _5"/>y<span class="_ _0"/>, plant and<span class="_ _0"/> equipment, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">right-of-u<span class="_ _5"/>se assets and<span class="_ _0"/> other receivables.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> is engaged in<span class="_ _0"/> construc<span class="_ _5"/>tion act<span class="_ _5"/>ivities in Denmark and<span class="_ _0"/> Sweden.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>contrac<span class="_ _5"/>ted sales ar<span class="_ _0"/>e recognised<span class="_ _0"/> on delivery (point-in<span class="_ _5"/>-time) whereas<span class="_ _0"/> contrac<span class="_ _5"/>ted sales<span class="_ _0"/> are r<span class="_ _0"/>ecognised over<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">time. Payment<span class="_ _0"/> is typicall<span class="_ _5"/>y due at<span class="_ _0"/> the time of<span class="_ _0"/> final deliver<span class="_ _5"/>y of<span class="_ _0"/> the house projects in the Detached<span class="_ _0"/> segment, however<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a small<span class="_ _0"/> deposit is paid<span class="_ _0"/> upon contract negotiation. The Group r<span class="_ _0"/>eceives a<span class="_ _0"/> bank guarantee<span class="_ _0"/> in connection with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>t-<span class="_ _5"/>u<span class="_ _5"/>p of ea<span class="_ _5"/>ch co<span class="_ _5"/>n<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _5"/>t a<span class="_ _5"/>nd i<span class="_ _5"/>s e<span class="_ _5"/>nt<span class="_ _5"/>it<span class="_ _5"/>l<span class="_ _5"/>ed to p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt f<span class="_ _5"/>or w<span class="_ _5"/>or<span class="_ _5"/>k pe<span class="_ _5"/>r<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>ed<span class="_ _5"/>, in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>, du<span class="_ _5"/>ri<span class="_ _5"/>ng t<span class="_ _5"/>he p<span class="_ _5"/>ro<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The majority of the<span class="_ _0"/> contrac<span class="_ _5"/>ted sales<span class="_ _0"/> in the Semi-detached segment entitle the Group t<span class="_ _0"/>o on-account payments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">linked<span class="_ _0"/> to the per<span class="_ _0"/>centage of c<span class="_ _0"/>ompletion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>ted sales<span class="_ _0"/> comprise<span class="_ _0"/> the sale of<span class="_ _0"/> houses c<span class="_ _0"/>onstruc<span class="_ _5"/>ted on<span class="_ _0"/> the customers' land,<span class="_ _0"/> or houses<span class="_ _0"/> sold on<span class="_ _0"/> own land<span class="_ _0"/> that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are c<span class="_ _5"/>ove<span class="_ _5"/>red b<span class="_ _5"/>y a cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t b<span class="_ _5"/>ef<span class="_ _5"/>ore c<span class="_ _5"/>on<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>uc<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>on i<span class="_ _5"/>s st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>te<span class="_ _5"/>d. A<span class="_ _5"/>ll c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>ted s<span class="_ _5"/>al<span class="_ _5"/>es a<span class="_ _5"/>re f<span class="_ _5"/>i<span class="_ _5"/>xed<span class="_ _5"/>-<span class="_ _5"/>p<span class="_ _5"/>r<span class="_ _5"/>ice co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Conversely<span class="_ _0"/>, non-contrac<span class="_ _5"/>ted sales<span class="_ _0"/> comprise:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. <span class="_ _1a0"> </span>Th<span class="_ _5"/>e sal<span class="_ _5"/>e of h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s co<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ru<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d on ow<span class="_ _5"/>n l<span class="_ _5"/>an<span class="_ _5"/>d for w<span class="_ _5"/>h<span class="_ _5"/>ich n<span class="_ _5"/>o cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t ha<span class="_ _5"/>s be<span class="_ _5"/>en e<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>d in<span class="_ _5"/>to b<span class="_ _5"/>efo<span class="_ _5"/>re co<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">struc<span class="_ _5"/>tion star<span class="_ _5"/>ts.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. <span class="_ _5c"> </span>The s<span class="_ _5"/>al<span class="_ _5"/>e of de<span class="_ _5"/>t<span class="_ _5"/>ach<span class="_ _5"/>ed l<span class="_ _5"/>an<span class="_ _5"/>d p<span class="_ _5"/>lot<span class="_ _3"/>s for w<span class="_ _5"/>hi<span class="_ _5"/>ch n<span class="_ _5"/>o cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t has b<span class="_ _5"/>e<span class="_ _5"/>en e<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>d in<span class="_ _5"/>to b<span class="_ _5"/>efo<span class="_ _5"/>re p<span class="_ _5"/>urc<span class="_ _5"/>ha<span class="_ _5"/>se a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development<span class="_ _0"/> of the la<span class="_ _0"/>nd plots.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.625px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.734px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.25px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.359px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.359px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.703px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.203px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 174.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue per segment and category </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 92.5918px; width: 86.9121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– contracted sales</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.67px; width: 185.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on customers' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.404px; width: 573.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">building sites</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,061,953</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">567,318</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,754,209</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 141.482px; width: 574.125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on own building sites </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3185px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">74,038</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">68,515</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">142,553</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.545px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.322px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,135,991</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">635,833</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,896,762</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue per segment and category </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">– non-contracted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Show and project houses </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,403</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,403</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 573.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.27px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,143</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,866</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9,009</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 574.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sale of land plots</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.205px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,343</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,343</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2168px; width: 574.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">53,889</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7404px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,866</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,755</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,189,880</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">641,699</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,956,517</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.406px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.047px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.812px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 438.25px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.391px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.8887px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.453px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.172px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 524.359px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 174.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue per segment and category </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 92.5918px; width: 86.9121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– contracted sales</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.654px; width: 185.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on customers' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.404px; width: 573.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">building sites</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,594,968</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">346,399</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,056,539</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 141.482px; width: 574.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on own building sites </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">138,888</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.545px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.322px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,696,912</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">383,343</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,195,427</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue per segment and category </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">– non-contracted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Show and project houses </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">71,825</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">71,825</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 573.75px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.27px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,438</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,349</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,787</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 574.096px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sale of land plots</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.387px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,118</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,118</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2168px; width: 573.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">82,381</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,349</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,730</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,779,293</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">402,692</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _3"/>2<span class="_ _5"/><span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Contr<span class="_ _0"/>act assets and li<span class="_ _0"/>abili<span class="_ _0"/>ties</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:166.828125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 574.354px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Selling price of contract assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.947px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 869,565 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">510,657</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 573.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Invoicing on account</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 350.748px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-525,700 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-185,272</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 71.1074px; width: 129.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> 343,865 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">325,385</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 102.514px; width: 97.7051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Presented as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 120.576px; width: 576.615px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Contract assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.022px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 819,036 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 471,735 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 138.654px; width: 576.457px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Contract liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.043px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-475,171 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-146,350 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 156.717px; width: 129.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> 343,865 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">325,385</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At 31 Dec<span class="_ _0"/>ember<span class="_ _0"/>, unsatisf<span class="_ _5"/>ied performance obligations and<span class="_ _0"/> remaining partially satisf<span class="_ _5"/>ied performance obligations </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount to<span class="_ _0"/>:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:99.28125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9512px; width: 181.717px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Delivery obligations/net order backlog</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 576.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Within one year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.953px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,025,690 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6914px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,554,570 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.0918px; width: 576.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">After one year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 380.655px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 256,317 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 342,813 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 574.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Delivery obligations/net order backlog at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 174.264px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,282,007</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,897,383</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">There ar<span class="_ _0"/>e no detained<span class="_ _0"/> payments related to<span class="_ _0"/> contract assets.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Construc<span class="_ _5"/>tion contracts (assets/liabilities)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>t assets c<span class="_ _0"/>omprise the selling<span class="_ _0"/> price<span class="_ _0"/> of work<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performed on customers' land but<span class="_ _0"/> where the Group<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">do<span class="_ _5"/>es n<span class="_ _5"/>ot ye<span class="_ _5"/>t hav<span class="_ _5"/>e a con<span class="_ _5"/>di<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>na<span class="_ _5"/>l ri<span class="_ _5"/>gh<span class="_ _5"/>t to pa<span class="_ _5"/>ym<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>, as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e wo<span class="_ _5"/>rk p<span class="_ _5"/>er<span class="_ _3"/>for<span class="_ _5"/>me<span class="_ _5"/>d ha<span class="_ _5"/>s no<span class="_ _5"/>t yet b<span class="_ _5"/>e<span class="_ _5"/>en f<span class="_ _5"/>i<span class="_ _5"/>na<span class="_ _5"/>li<span class="_ _5"/>se<span class="_ _5"/>d or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ap<span class="_ _5"/>pr<span class="_ _5"/>ove<span class="_ _5"/>d by th<span class="_ _5"/>e cu<span class="_ _5"/>s<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r. Incl<span class="_ _5"/>ud<span class="_ _5"/>ed i<span class="_ _5"/>s al<span class="_ _5"/>so t<span class="_ _5"/>h<span class="_ _5"/>e sel<span class="_ _5"/>li<span class="_ _5"/>ng </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">price o<span class="_ _0"/>f work<span class="_ _0"/> per<span class="_ _5"/>formed on<span class="_ _0"/> own land<span class="_ _0"/> where a<span class="_ _0"/> building </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>rm<span class="_ _5"/>it h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n is<span class="_ _5"/>su<span class="_ _5"/>e<span class="_ _5"/>d an<span class="_ _5"/>d th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p hav<span class="_ _5"/>e a ri<span class="_ _5"/>gh<span class="_ _5"/>t to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment for<span class="_ _0"/> work performed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>t liabilities comprise<span class="_ _0"/> agreed, payments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rec<span class="_ _5"/>ei<span class="_ _5"/>ved o<span class="_ _5"/>n ac<span class="_ _5"/>cou<span class="_ _5"/>nt f<span class="_ _5"/>or w<span class="_ _5"/>or<span class="_ _5"/>k yet t<span class="_ _5"/>o be p<span class="_ _5"/>er<span class="_ _3"/>for<span class="_ _5"/>me<span class="_ _5"/>d on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s fo<span class="_ _5"/>r de<span class="_ _5"/>ta<span class="_ _5"/>ch<span class="_ _5"/>ed h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s, a<span class="_ _5"/>s we<span class="_ _5"/>ll a<span class="_ _5"/>s on a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _5"/>m<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s rec<span class="_ _5"/>ei<span class="_ _5"/>ve<span class="_ _5"/>d on co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t<span class="_ _5"/>s f<span class="_ _5"/>or s<span class="_ _5"/>em<span class="_ _5"/>i<span class="_ _5"/>-<span class="_ _5"/>de<span class="_ _5"/>ta<span class="_ _5"/>ch<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">houses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">During 20<span class="_ _0"/>25,<span class="_ _0"/> the entire c<span class="_ _0"/>ontrac<span class="_ _5"/>t liability recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at t<span class="_ _5"/>he b<span class="_ _5"/>eg<span class="_ _5"/>in<span class="_ _5"/>ni<span class="_ _5"/>ng o<span class="_ _5"/>f th<span class="_ _5"/>e pe<span class="_ _5"/>ri<span class="_ _5"/>od w<span class="_ _5"/>as r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>ni<span class="_ _5"/>sed a<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">revenue.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For contract<span class="_ _5"/>s entered<span class="_ _0"/> into in<span class="_ _0"/> the detached segment, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _5"/>m<span class="_ _5"/>en<span class="_ _5"/>t is t<span class="_ _5"/>y<span class="_ _5"/>p<span class="_ _5"/>ic<span class="_ _5"/>al<span class="_ _5"/>ly d<span class="_ _5"/>ue a<span class="_ _5"/>t t<span class="_ _5"/>he t<span class="_ _5"/>im<span class="_ _5"/>e of f<span class="_ _5"/>i<span class="_ _5"/>na<span class="_ _5"/>l de<span class="_ _5"/>li<span class="_ _5"/>ve<span class="_ _5"/>r<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of t<span class="_ _5"/>he h<span class="_ _5"/>ou<span class="_ _5"/>se p<span class="_ _5"/>roj<span class="_ _5"/>ec<span class="_ _3"/>t, h<span class="_ _5"/>ow<span class="_ _5"/>eve<span class="_ _5"/>r a sm<span class="_ _5"/>all d<span class="_ _5"/>ep<span class="_ _5"/>o<span class="_ _5"/>si<span class="_ _5"/>t is p<span class="_ _5"/>ai<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">up<span class="_ _5"/>on co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t n<span class="_ _5"/>eg<span class="_ _5"/>ot<span class="_ _5"/>ia<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n. T<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up re<span class="_ _5"/>ce<span class="_ _5"/>ive<span class="_ _5"/>s a ba<span class="_ _5"/>nk </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">guarantee in<span class="_ _0"/> connect<span class="_ _5"/>ion with the<span class="_ _0"/> star<span class="_ _5"/>t-up of each c<span class="_ _0"/>on<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tr<span class="_ _5"/>ac<span class="_ _3"/>t and i<span class="_ _5"/>s e<span class="_ _5"/>nt<span class="_ _5"/>it<span class="_ _5"/>l<span class="_ _5"/>ed to p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt f<span class="_ _5"/>or w<span class="_ _5"/>or<span class="_ _5"/>k pe<span class="_ _5"/>r<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>ed<span class="_ _5"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">including profit during the<span class="_ _0"/> project<span class="_ _5"/>. For contracts en<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tered<span class="_ _0"/> into in the<span class="_ _0"/> semi-<span class="_ _5"/>detached segment, payments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on acc<span class="_ _0"/>ount are<span class="_ _0"/> normally linked<span class="_ _0"/> to the perc<span class="_ _0"/>entage of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">completion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e inc<span class="_ _5"/>re<span class="_ _5"/>as<span class="_ _5"/>e in co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s a<span class="_ _5"/>nd n<span class="_ _5"/>et co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s in 2025 re<span class="_ _5"/>f<span class="_ _5"/>le<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s a hi<span class="_ _5"/>gh<span class="_ _5"/>er l<span class="_ _5"/>eve<span class="_ _5"/>l of s<span class="_ _5"/>al<span class="_ _5"/>es a<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>iv<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">compared with last<span class="_ _0"/> year<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deliver<span class="_ _5"/>y obligations/net<span class="_ _0"/> order backlog are<span class="_ _0"/> secured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">orders from<span class="_ _0"/> customers, where HusCompagniet<span class="_ _0"/> is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">req<span class="_ _5"/>ui<span class="_ _5"/>re<span class="_ _5"/>d to bu<span class="_ _5"/>il<span class="_ _5"/>d a ho<span class="_ _5"/>u<span class="_ _5"/>se fo<span class="_ _5"/>r th<span class="_ _5"/>e cu<span class="_ _5"/>s<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r. Of th<span class="_ _5"/>e de<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">livery obligations/net order<span class="_ _0"/> backlog at<span class="_ _0"/> 31 December </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024, DK<span class="_ _5"/>K 1.<span class="_ _5"/>6b<span class="_ _5"/>n is re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed a<span class="_ _5"/>s rev<span class="_ _5"/>enu<span class="_ _5"/>e in 2<span class="_ _5"/>025.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cre<span class="_ _5"/>di<span class="_ _5"/>t r<span class="_ _5"/>is<span class="_ _5"/>k on co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s i<span class="_ _5"/>s ma<span class="_ _5"/>na<span class="_ _5"/>ge<span class="_ _5"/>d by re<span class="_ _5"/>gu<span class="_ _5"/>la<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assessment of<span class="_ _0"/> customers and business partners. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Furthermo<span class="_ _5"/>re,<span class="_ _0"/> bank deposits or bank<span class="_ _0"/> guarantees </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are o<span class="_ _5"/>bt<span class="_ _5"/>ai<span class="_ _5"/>ne<span class="_ _5"/>d b<span class="_ _5"/>efo<span class="_ _5"/>re s<span class="_ _5"/>t<span class="_ _5"/>ar<span class="_ _5"/>t o<span class="_ _5"/>f th<span class="_ _5"/>e co<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ru<span class="_ _5"/>c<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>ta<span class="_ _5"/>ch<span class="_ _5"/>ed h<span class="_ _5"/>ou<span class="_ _5"/>se. T<span class="_ _5"/>he c<span class="_ _5"/>red<span class="_ _5"/>i<span class="_ _5"/>t ri<span class="_ _5"/>sk ex<span class="_ _5"/>p<span class="_ _5"/>osu<span class="_ _5"/>re re<span class="_ _5"/>la<span class="_ _5"/>t<span class="_ _5"/>in<span class="_ _5"/>g to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">dealing with private c<span class="_ _0"/>ounterpart<span class="_ _5"/>ies is<span class="_ _0"/> estimated to be<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">low. F<span class="_ _5"/>or t<span class="_ _5"/>he S<span class="_ _5"/>em<span class="_ _5"/>i<span class="_ _5"/>-<span class="_ _5"/>d<span class="_ _5"/>et<span class="_ _5"/>ac<span class="_ _5"/>he<span class="_ _5"/>d se<span class="_ _5"/>gm<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>, th<span class="_ _5"/>e cr<span class="_ _5"/>ed<span class="_ _5"/>it r<span class="_ _5"/>is<span class="_ _5"/>k </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is partially mitigated by on-account pa<span class="_ _0"/>yment<span class="_ _5"/>s link<span class="_ _0"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to per<span class="_ _0"/>centages of<span class="_ _0"/> completion for<span class="_ _0"/> the construction </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _5"/>3<span class="ff48 fc0 lsad wsae"> <span class="_ _183"> </span>Seg<span class="_ _5"/>ment information</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For management purposes,<span class="_ _0"/> the Group is organ<span class="_ _0"/>ised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>to bu<span class="_ _5"/>si<span class="_ _5"/>ne<span class="_ _5"/>ss u<span class="_ _5"/>ni<span class="_ _5"/>t<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on i<span class="_ _5"/>t<span class="_ _5"/>s p<span class="_ _5"/>ro<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d se<span class="_ _5"/>r<span class="_ _5"/>v<span class="_ _5"/>ic<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as we<span class="_ _5"/>ll a<span class="_ _5"/>s on i<span class="_ _5"/>t<span class="_ _5"/>s g<span class="_ _5"/>eo<span class="_ _5"/>gr<span class="_ _5"/>ap<span class="_ _5"/>hi<span class="_ _5"/>ca<span class="_ _5"/>l lo<span class="_ _5"/>c<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n. T<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up h<span class="_ _5"/>as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three reportable segments, as follows:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The detached<span class="_ _0"/> houses in Denmark<span class="_ _0"/> segment, which </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprises bric<span class="_ _0"/>k houses bui<span class="_ _0"/>lt on site<span class="_ _0"/>s and plots</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The semi- <span class="_ _5d"/>det<span class="_ _5"/>ached and<span class="_ _0"/> wooden-<span class="_ _5"/> <span class="_ _5d"/>frame houses in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Denmark segment, which c<span class="_ _0"/>omprises brick houses<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">built on<span class="_ _0"/> sites and<span class="_ _0"/> plots, comprising both<span class="_ _0"/> business- </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to-<span class="_ _5"/>business and business- <span class="_ _5d"/>to-<span class="_ _5"/>consumers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The W<span class="_ _0"/>ooden segment which<span class="_ _0"/> comprises detached<span class="_ _0"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _5"/>fa<span class="_ _5"/>br<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>ted w<span class="_ _5"/>oo<span class="_ _5"/>de<span class="_ _5"/>n ho<span class="_ _5"/>us<span class="_ _5"/>es to t<span class="_ _5"/>h<span class="_ _5"/>e Swe<span class="_ _5"/>di<span class="_ _5"/>sh </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Ex<span class="_ _5"/>ecu<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>ve Ma<span class="_ _5"/>na<span class="_ _5"/>ge<span class="_ _5"/>me<span class="_ _5"/>nt i<span class="_ _5"/>s re<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>si<span class="_ _5"/>bl<span class="_ _5"/>e fo<span class="_ _5"/>r th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g re<span class="_ _5"/>su<span class="_ _5"/>lt<span class="_ _5"/>s o<span class="_ _5"/>f it<span class="_ _5"/>s b<span class="_ _5"/>us<span class="_ _5"/>in<span class="_ _5"/>es<span class="_ _5"/>s un<span class="_ _5"/>it<span class="_ _5"/>s f<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>ur<span class="_ _5"/>p<span class="_ _5"/>ose </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of making<span class="_ _0"/> decisions about resour<span class="_ _0"/>ce allocation and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performance assessment. <span class="_ _5d"/>Segment per<span class="_ _5"/>formance for<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2025 is ev<span class="_ _5"/>al<span class="_ _5"/>ua<span class="_ _5"/>te<span class="_ _5"/>d bas<span class="_ _5"/>ed o<span class="_ _5"/>n <span class="_ _5d"/>o<span class="_ _5"/>p<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t (E<span class="_ _5"/>B<span class="_ _5"/>IT<span class="_ _5"/>)<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> financing (including financial income<span class="_ _0"/> and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial expenses)<span class="_ _0"/> and income<span class="_ _0"/> taxes are<span class="_ _0"/> managed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on a G<span class="_ _5"/>ro<span class="_ _5"/>up b<span class="_ _5"/>as<span class="_ _5"/>is a<span class="_ _5"/>nd a<span class="_ _5"/>re no<span class="_ _5"/>t al<span class="_ _5"/>lo<span class="_ _5"/>ca<span class="_ _5"/>te<span class="_ _5"/>d to op<span class="_ _5"/>e<span class="_ _5"/>ra<span class="_ _5"/>ti<span class="_ _5"/>ng </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments. Asset<span class="_ _5"/>s and liabilities<span class="_ _0"/> are not<span class="_ _0"/> allocated to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments. The segmentation reflect<span class="_ _5"/>s the internal<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">report<span class="_ _5"/>ing and<span class="_ _0"/> management struc<span class="_ _5"/>ture.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Smaller projects of building semi- <span class="_ _cc"/>detached houses<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are handled<span class="_ _0"/> through our detached<span class="_ _0"/> segment where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e pr<span class="_ _5"/>oj<span class="_ _5"/>ec<span class="_ _5"/>t p<span class="_ _5"/>ro<span class="_ _5"/>ces<span class="_ _5"/>s is l<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In<span class="_ _5"/>ter-<span class="_ _5"/> <span class="_ _5d"/>s<span class="_ _5"/>eg<span class="_ _5"/>me<span class="_ _5"/>nt r<span class="_ _5"/>eve<span class="_ _5"/>nu<span class="_ _5"/>e is re<span class="_ _5"/>ven<span class="_ _5"/>ue t<span class="_ _5"/>r<span class="_ _5"/>ad<span class="_ _5"/>ed f<span class="_ _5"/>ro<span class="_ _5"/>m a se<span class="_ _5"/>g<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment to<span class="_ _0"/> another segment, e.g.<span class="_ _0"/> land. There<span class="_ _0"/> has been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">no intersegment r<span class="_ _0"/>evenue in<span class="_ _0"/> 20<span class="_ _0"/>25.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:461.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.625px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.734px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.25px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.359px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.359px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.703px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.203px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 41.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 97.9199px; width: 576.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">External customers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 162.621px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,189,880 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 641,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 124,938 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,956,517 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 115.982px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.603px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 134.061px; width: 576.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.008px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,189,880 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 641,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 124,938 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,956,517 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 165.467px; width: 88.7578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income / expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 183.529px; width: 576.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,779,164 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-618,531 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-71,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,468,705 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.607px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.603px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 219.67px; width: 576.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment gross profit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.699px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 410,716 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.9571px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23,168 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 53,928 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 487,812 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 237.748px; width: 574.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18.8%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">43.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.154px; width: 576.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.631px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 82 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.377px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.5858px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.6915px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 88 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.217px; width: 576.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-217,825 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-65,807 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-19,390 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-303,022 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.295px; width: 576.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.867px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-93,628 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-16,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-13,887 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-123,525 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.357px; width: 576.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.01px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 99,345 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-58,643 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 20,651 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 61,353 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.436px; width: 573.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.582px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.1%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 359.498px; width: 576.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.393px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-29,404 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-8,188 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2873px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-8,304 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-45,896 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 377.576px; width: 576.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.863px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 69,941 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-66,831 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 12,347 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,457 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 395.639px; width: 573.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.412px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9.9%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.717px; width: 576.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 466.616px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,418 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 431.779px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 449.228px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-44,469</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.139px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit / loss before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 431.01px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-27,594</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:461.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.406px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.047px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.812px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 438.25px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.391px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.453px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.172px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 524.359px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 41.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 97.9199px; width: 574.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">External customers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.469px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,841,672</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">340,313</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 115.982px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 200.924px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-62,379</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">62,379</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 134.061px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,779,293</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">402,692</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 165.467px; width: 88.7578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income / expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 183.529px; width: 574.312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,482,233</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-265,908</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-73,611</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,821,751</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.607px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.076px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,884</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-59,884</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 219.67px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment gross profit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.383px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">356,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">76,900</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,561</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">475,406</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 237.748px; width: 573.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20.7%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.154px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 164.69px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,151</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,151</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.217px; width: 573.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-200,956</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-53,932</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,662</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-265,551</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.295px; width: 574.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.867px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-79,591</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-4,194</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-23,594</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-107,379</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.357px; width: 574.061px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.447px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">77,548</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18,774</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.758px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,305</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">103,627</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.436px; width: 574.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.582px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 359.498px; width: 573.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.393px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-35,906</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,252</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-6,682</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-47,840</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 377.576px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.301px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,642</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13,522</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.8574px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">623</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55,787</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 395.639px; width: 574.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.412px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.4%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.717px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 469.324px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,184</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 431.779px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 449.228px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-48,986</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.139px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit / loss before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 440.7px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,985</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.109375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 159.586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue from e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xternal customers</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.8574px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.999px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,831,579</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,181,985</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.9199px; width: 573.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sweden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.998px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 373.506px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,956,517</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e reve<span class="_ _5"/>nu<span class="_ _5"/>e in<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n ab<span class="_ _5"/>ove i<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>he g<span class="_ _5"/>eo<span class="_ _5"/>g<span class="_ _5"/>ra<span class="_ _5"/>ph<span class="_ _5"/>ic l<span class="_ _5"/>oc<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns o<span class="_ _5"/>f th<span class="_ _5"/>e ho<span class="_ _5"/>us<span class="_ _5"/>es s<span class="_ _5"/>ol<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No individual customer acc<span class="_ _0"/>ounts for more<span class="_ _0"/> than 10% of<span class="_ _0"/> the consolidated<span class="_ _0"/> revenue.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:99.296875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 90px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.999px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,970,179</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,949,757</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sweden</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 411.041px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">273,286</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">259,299</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1855px; width: 573.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 323.795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,243,465</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,209,056</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The non-current assets information<span class="_ _0"/> above<span class="_ _0"/> is based on<span class="_ _0"/> the assets’<span class="_ _0"/> physical locations. For<span class="_ _0"/> goodwill, the locations<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are bas<span class="_ _0"/>ed on the<span class="_ _0"/> CGU allocation<span class="_ _0"/> from the pur<span class="_ _0"/>chase price<span class="_ _0"/> allocations. The<span class="_ _0"/> locations for the<span class="_ _0"/> intangible assets are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined based<span class="_ _0"/> on the legal<span class="_ _0"/> owner/<span class="_ _0"/>user<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>current assets for this<span class="_ _0"/> purpose consist of<span class="_ _0"/> goodwill and other intangible assets, propert<span class="_ _5"/>y<span class="_ _0"/>, plant and<span class="_ _0"/> equipment, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">right-of-u<span class="_ _5"/>se assets and<span class="_ _0"/> other receivables.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> is engaged in<span class="_ _0"/> construc<span class="_ _5"/>tion act<span class="_ _5"/>ivities in Denmark and<span class="_ _0"/> Sweden.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>contrac<span class="_ _5"/>ted sales ar<span class="_ _0"/>e recognised<span class="_ _0"/> on delivery (point-in<span class="_ _5"/>-time) whereas<span class="_ _0"/> contrac<span class="_ _5"/>ted sales<span class="_ _0"/> are r<span class="_ _0"/>ecognised over<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">time. Payment<span class="_ _0"/> is typicall<span class="_ _5"/>y due at<span class="_ _0"/> the time of<span class="_ _0"/> final deliver<span class="_ _5"/>y of<span class="_ _0"/> the house projects in the Detached<span class="_ _0"/> segment, however<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a small<span class="_ _0"/> deposit is paid<span class="_ _0"/> upon contract negotiation. The Group r<span class="_ _0"/>eceives a<span class="_ _0"/> bank guarantee<span class="_ _0"/> in connection with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>t-<span class="_ _5"/>u<span class="_ _5"/>p of ea<span class="_ _5"/>ch co<span class="_ _5"/>n<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _5"/>t a<span class="_ _5"/>nd i<span class="_ _5"/>s e<span class="_ _5"/>nt<span class="_ _5"/>it<span class="_ _5"/>l<span class="_ _5"/>ed to p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt f<span class="_ _5"/>or w<span class="_ _5"/>or<span class="_ _5"/>k pe<span class="_ _5"/>r<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>ed<span class="_ _5"/>, in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>, du<span class="_ _5"/>ri<span class="_ _5"/>ng t<span class="_ _5"/>he p<span class="_ _5"/>ro<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The majority of the<span class="_ _0"/> contrac<span class="_ _5"/>ted sales<span class="_ _0"/> in the Semi-detached segment entitle the Group t<span class="_ _0"/>o on-account payments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">linked<span class="_ _0"/> to the per<span class="_ _0"/>centage of c<span class="_ _0"/>ompletion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>ted sales<span class="_ _0"/> comprise<span class="_ _0"/> the sale of<span class="_ _0"/> houses c<span class="_ _0"/>onstruc<span class="_ _5"/>ted on<span class="_ _0"/> the customers' land,<span class="_ _0"/> or houses<span class="_ _0"/> sold on<span class="_ _0"/> own land<span class="_ _0"/> that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are c<span class="_ _5"/>ove<span class="_ _5"/>red b<span class="_ _5"/>y a cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t b<span class="_ _5"/>ef<span class="_ _5"/>ore c<span class="_ _5"/>on<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>uc<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>on i<span class="_ _5"/>s st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>te<span class="_ _5"/>d. A<span class="_ _5"/>ll c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>ted s<span class="_ _5"/>al<span class="_ _5"/>es a<span class="_ _5"/>re f<span class="_ _5"/>i<span class="_ _5"/>xed<span class="_ _5"/>-<span class="_ _5"/>p<span class="_ _5"/>r<span class="_ _5"/>ice co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Conversely<span class="_ _0"/>, non-contrac<span class="_ _5"/>ted sales<span class="_ _0"/> comprise:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. <span class="_ _1a0"> </span>Th<span class="_ _5"/>e sal<span class="_ _5"/>e of h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s co<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ru<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d on ow<span class="_ _5"/>n l<span class="_ _5"/>an<span class="_ _5"/>d for w<span class="_ _5"/>h<span class="_ _5"/>ich n<span class="_ _5"/>o cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t ha<span class="_ _5"/>s be<span class="_ _5"/>en e<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>d in<span class="_ _5"/>to b<span class="_ _5"/>efo<span class="_ _5"/>re co<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">struc<span class="_ _5"/>tion star<span class="_ _5"/>ts.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. <span class="_ _5c"> </span>The s<span class="_ _5"/>al<span class="_ _5"/>e of de<span class="_ _5"/>t<span class="_ _5"/>ach<span class="_ _5"/>ed l<span class="_ _5"/>an<span class="_ _5"/>d p<span class="_ _5"/>lot<span class="_ _3"/>s for w<span class="_ _5"/>hi<span class="_ _5"/>ch n<span class="_ _5"/>o cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t has b<span class="_ _5"/>e<span class="_ _5"/>en e<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>d in<span class="_ _5"/>to b<span class="_ _5"/>efo<span class="_ _5"/>re p<span class="_ _5"/>urc<span class="_ _5"/>ha<span class="_ _5"/>se a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development<span class="_ _0"/> of the la<span class="_ _0"/>nd plots.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.625px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.734px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.25px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.359px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.359px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.703px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.203px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 174.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue per segment and category </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 92.5918px; width: 86.9121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– contracted sales</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.67px; width: 185.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on customers' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.404px; width: 573.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">building sites</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,061,953</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">567,318</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,754,209</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 141.482px; width: 574.125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on own building sites </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3185px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">74,038</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">68,515</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">142,553</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.545px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.322px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,135,991</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">635,833</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,896,762</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue per segment and category </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">– non-contracted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Show and project houses </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,403</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,403</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 573.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.27px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,143</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,866</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9,009</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 574.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sale of land plots</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.205px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,343</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,343</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2168px; width: 574.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">53,889</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7404px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,866</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,755</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,189,880</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">641,699</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,956,517</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.406px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.047px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.812px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 438.25px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.391px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.8887px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.453px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.172px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 524.359px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 174.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue per segment and category </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 92.5918px; width: 86.9121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– contracted sales</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.654px; width: 185.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on customers' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.404px; width: 573.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">building sites</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,594,968</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">346,399</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,056,539</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 141.482px; width: 574.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on own building sites </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">138,888</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.545px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.322px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,696,912</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">383,343</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,195,427</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue per segment and category </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">– non-contracted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Show and project houses </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">71,825</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">71,825</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 573.75px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.27px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,438</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,349</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,787</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 574.096px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sale of land plots</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.387px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,118</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,118</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2168px; width: 573.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">82,381</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,349</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,730</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,779,293</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">402,692</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _5"/>3<span class="ff48 fc0 lsad wsae"> <span class="_ _183"> </span>Seg<span class="_ _5"/>ment information</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For management purposes,<span class="_ _0"/> the Group is organ<span class="_ _0"/>ised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>to bu<span class="_ _5"/>si<span class="_ _5"/>ne<span class="_ _5"/>ss u<span class="_ _5"/>ni<span class="_ _5"/>t<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on i<span class="_ _5"/>t<span class="_ _5"/>s p<span class="_ _5"/>ro<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d se<span class="_ _5"/>r<span class="_ _5"/>v<span class="_ _5"/>ic<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as we<span class="_ _5"/>ll a<span class="_ _5"/>s on i<span class="_ _5"/>t<span class="_ _5"/>s g<span class="_ _5"/>eo<span class="_ _5"/>gr<span class="_ _5"/>ap<span class="_ _5"/>hi<span class="_ _5"/>ca<span class="_ _5"/>l lo<span class="_ _5"/>c<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n. T<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up h<span class="_ _5"/>as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three reportable segments, as follows:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The detached<span class="_ _0"/> houses in Denmark<span class="_ _0"/> segment, which </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprises bric<span class="_ _0"/>k houses bui<span class="_ _0"/>lt on site<span class="_ _0"/>s and plots</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The semi- <span class="_ _5d"/>det<span class="_ _5"/>ached and<span class="_ _0"/> wooden-<span class="_ _5"/> <span class="_ _5d"/>frame houses in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Denmark segment, which c<span class="_ _0"/>omprises brick houses<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">built on<span class="_ _0"/> sites and<span class="_ _0"/> plots, comprising both<span class="_ _0"/> business- </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to-<span class="_ _5"/>business and business- <span class="_ _5d"/>to-<span class="_ _5"/>consumers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The W<span class="_ _0"/>ooden segment which<span class="_ _0"/> comprises detached<span class="_ _0"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _5"/>fa<span class="_ _5"/>br<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>ted w<span class="_ _5"/>oo<span class="_ _5"/>de<span class="_ _5"/>n ho<span class="_ _5"/>us<span class="_ _5"/>es to t<span class="_ _5"/>h<span class="_ _5"/>e Swe<span class="_ _5"/>di<span class="_ _5"/>sh </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Ex<span class="_ _5"/>ecu<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>ve Ma<span class="_ _5"/>na<span class="_ _5"/>ge<span class="_ _5"/>me<span class="_ _5"/>nt i<span class="_ _5"/>s re<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>si<span class="_ _5"/>bl<span class="_ _5"/>e fo<span class="_ _5"/>r th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g re<span class="_ _5"/>su<span class="_ _5"/>lt<span class="_ _5"/>s o<span class="_ _5"/>f it<span class="_ _5"/>s b<span class="_ _5"/>us<span class="_ _5"/>in<span class="_ _5"/>es<span class="_ _5"/>s un<span class="_ _5"/>it<span class="_ _5"/>s f<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>ur<span class="_ _5"/>p<span class="_ _5"/>ose </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of making<span class="_ _0"/> decisions about resour<span class="_ _0"/>ce allocation and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performance assessment. <span class="_ _5d"/>Segment per<span class="_ _5"/>formance for<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2025 is ev<span class="_ _5"/>al<span class="_ _5"/>ua<span class="_ _5"/>te<span class="_ _5"/>d bas<span class="_ _5"/>ed o<span class="_ _5"/>n <span class="_ _5d"/>o<span class="_ _5"/>p<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t (E<span class="_ _5"/>B<span class="_ _5"/>IT<span class="_ _5"/>)<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> financing (including financial income<span class="_ _0"/> and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial expenses)<span class="_ _0"/> and income<span class="_ _0"/> taxes are<span class="_ _0"/> managed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on a G<span class="_ _5"/>ro<span class="_ _5"/>up b<span class="_ _5"/>as<span class="_ _5"/>is a<span class="_ _5"/>nd a<span class="_ _5"/>re no<span class="_ _5"/>t al<span class="_ _5"/>lo<span class="_ _5"/>ca<span class="_ _5"/>te<span class="_ _5"/>d to op<span class="_ _5"/>e<span class="_ _5"/>ra<span class="_ _5"/>ti<span class="_ _5"/>ng </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments. Asset<span class="_ _5"/>s and liabilities<span class="_ _0"/> are not<span class="_ _0"/> allocated to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments. The segmentation reflect<span class="_ _5"/>s the internal<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">report<span class="_ _5"/>ing and<span class="_ _0"/> management struc<span class="_ _5"/>ture.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Smaller projects of building semi- <span class="_ _cc"/>detached houses<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are handled<span class="_ _0"/> through our detached<span class="_ _0"/> segment where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e pr<span class="_ _5"/>oj<span class="_ _5"/>ec<span class="_ _5"/>t p<span class="_ _5"/>ro<span class="_ _5"/>ces<span class="_ _5"/>s is l<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In<span class="_ _5"/>ter-<span class="_ _5"/> <span class="_ _5d"/>s<span class="_ _5"/>eg<span class="_ _5"/>me<span class="_ _5"/>nt r<span class="_ _5"/>eve<span class="_ _5"/>nu<span class="_ _5"/>e is re<span class="_ _5"/>ven<span class="_ _5"/>ue t<span class="_ _5"/>r<span class="_ _5"/>ad<span class="_ _5"/>ed f<span class="_ _5"/>ro<span class="_ _5"/>m a se<span class="_ _5"/>g<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment to<span class="_ _0"/> another segment, e.g.<span class="_ _0"/> land. There<span class="_ _0"/> has been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">no intersegment r<span class="_ _0"/>evenue in<span class="_ _0"/> 20<span class="_ _0"/>25.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:461.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.625px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.734px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.25px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.359px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.359px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.703px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.203px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 41.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 97.9199px; width: 576.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">External customers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 162.621px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,189,880 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 641,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 124,938 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,956,517 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 115.982px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.603px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 134.061px; width: 576.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.008px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,189,880 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 641,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 124,938 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,956,517 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 165.467px; width: 88.7578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income / expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 183.529px; width: 576.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,779,164 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-618,531 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-71,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,468,705 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.607px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.603px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 219.67px; width: 576.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment gross profit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.699px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 410,716 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.9571px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23,168 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 53,928 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 487,812 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 237.748px; width: 574.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18.8%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">43.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.154px; width: 576.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.631px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 82 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.377px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.5858px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.6915px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 88 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.217px; width: 576.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-217,825 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-65,807 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-19,390 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-303,022 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.295px; width: 576.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.867px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-93,628 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-16,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-13,887 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-123,525 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.357px; width: 576.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.01px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 99,345 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-58,643 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 20,651 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 61,353 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.436px; width: 573.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.582px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.1%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 359.498px; width: 576.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.393px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-29,404 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-8,188 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2873px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-8,304 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-45,896 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 377.576px; width: 576.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.863px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 69,941 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-66,831 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 12,347 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,457 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 395.639px; width: 573.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.412px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9.9%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.717px; width: 576.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 466.616px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,418 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 431.779px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 449.228px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-44,469</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.139px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit / loss before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 431.01px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-27,594</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:461.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.406px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.047px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.812px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 438.25px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.391px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.453px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.172px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 524.359px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 41.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 97.9199px; width: 574.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">External customers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.469px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,841,672</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">340,313</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 115.982px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 200.924px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-62,379</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">62,379</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 134.061px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,779,293</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">402,692</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 165.467px; width: 88.7578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income / expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 183.529px; width: 574.312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,482,233</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-265,908</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-73,611</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,821,751</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.607px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.076px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,884</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-59,884</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 219.67px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment gross profit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.383px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">356,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">76,900</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,561</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">475,406</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 237.748px; width: 573.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20.7%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.154px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 164.69px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,151</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,151</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.217px; width: 573.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-200,956</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-53,932</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,662</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-265,551</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.295px; width: 574.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.867px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-79,591</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-4,194</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-23,594</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-107,379</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.357px; width: 574.061px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.447px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">77,548</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18,774</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.758px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,305</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">103,627</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.436px; width: 574.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.582px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 359.498px; width: 573.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.393px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-35,906</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,252</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-6,682</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-47,840</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 377.576px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.301px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,642</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13,522</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.8574px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">623</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55,787</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 395.639px; width: 574.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.412px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.4%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.717px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 469.324px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,184</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 431.779px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 449.228px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-48,986</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.139px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit / loss before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 440.7px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,985</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.109375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 159.586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue from e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xternal customers</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.8574px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.999px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,831,579</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,181,985</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.9199px; width: 573.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sweden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.998px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 373.506px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,956,517</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e reve<span class="_ _5"/>nu<span class="_ _5"/>e in<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n ab<span class="_ _5"/>ove i<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>he g<span class="_ _5"/>eo<span class="_ _5"/>g<span class="_ _5"/>ra<span class="_ _5"/>ph<span class="_ _5"/>ic l<span class="_ _5"/>oc<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns o<span class="_ _5"/>f th<span class="_ _5"/>e ho<span class="_ _5"/>us<span class="_ _5"/>es s<span class="_ _5"/>ol<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No individual customer acc<span class="_ _0"/>ounts for more<span class="_ _0"/> than 10% of<span class="_ _0"/> the consolidated<span class="_ _0"/> revenue.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:99.296875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 90px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.999px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,970,179</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,949,757</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sweden</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 411.041px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">273,286</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">259,299</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1855px; width: 573.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 323.795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,243,465</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,209,056</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The non-current assets information<span class="_ _0"/> above<span class="_ _0"/> is based on<span class="_ _0"/> the assets’<span class="_ _0"/> physical locations. For<span class="_ _0"/> goodwill, the locations<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are bas<span class="_ _0"/>ed on the<span class="_ _0"/> CGU allocation<span class="_ _0"/> from the pur<span class="_ _0"/>chase price<span class="_ _0"/> allocations. The<span class="_ _0"/> locations for the<span class="_ _0"/> intangible assets are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined based<span class="_ _0"/> on the legal<span class="_ _0"/> owner/<span class="_ _0"/>user<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>current assets for this<span class="_ _0"/> purpose consist of<span class="_ _0"/> goodwill and other intangible assets, propert<span class="_ _5"/>y<span class="_ _0"/>, plant and<span class="_ _0"/> equipment, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">right-of-u<span class="_ _5"/>se assets and<span class="_ _0"/> other receivables.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> is engaged in<span class="_ _0"/> construc<span class="_ _5"/>tion act<span class="_ _5"/>ivities in Denmark and<span class="_ _0"/> Sweden.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>contrac<span class="_ _5"/>ted sales ar<span class="_ _0"/>e recognised<span class="_ _0"/> on delivery (point-in<span class="_ _5"/>-time) whereas<span class="_ _0"/> contrac<span class="_ _5"/>ted sales<span class="_ _0"/> are r<span class="_ _0"/>ecognised over<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">time. Payment<span class="_ _0"/> is typicall<span class="_ _5"/>y due at<span class="_ _0"/> the time of<span class="_ _0"/> final deliver<span class="_ _5"/>y of<span class="_ _0"/> the house projects in the Detached<span class="_ _0"/> segment, however<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a small<span class="_ _0"/> deposit is paid<span class="_ _0"/> upon contract negotiation. The Group r<span class="_ _0"/>eceives a<span class="_ _0"/> bank guarantee<span class="_ _0"/> in connection with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>t-<span class="_ _5"/>u<span class="_ _5"/>p of ea<span class="_ _5"/>ch co<span class="_ _5"/>n<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _5"/>t a<span class="_ _5"/>nd i<span class="_ _5"/>s e<span class="_ _5"/>nt<span class="_ _5"/>it<span class="_ _5"/>l<span class="_ _5"/>ed to p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt f<span class="_ _5"/>or w<span class="_ _5"/>or<span class="_ _5"/>k pe<span class="_ _5"/>r<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>ed<span class="_ _5"/>, in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>, du<span class="_ _5"/>ri<span class="_ _5"/>ng t<span class="_ _5"/>he p<span class="_ _5"/>ro<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The majority of the<span class="_ _0"/> contrac<span class="_ _5"/>ted sales<span class="_ _0"/> in the Semi-detached segment entitle the Group t<span class="_ _0"/>o on-account payments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">linked<span class="_ _0"/> to the per<span class="_ _0"/>centage of c<span class="_ _0"/>ompletion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>ted sales<span class="_ _0"/> comprise<span class="_ _0"/> the sale of<span class="_ _0"/> houses c<span class="_ _0"/>onstruc<span class="_ _5"/>ted on<span class="_ _0"/> the customers' land,<span class="_ _0"/> or houses<span class="_ _0"/> sold on<span class="_ _0"/> own land<span class="_ _0"/> that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are c<span class="_ _5"/>ove<span class="_ _5"/>red b<span class="_ _5"/>y a cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t b<span class="_ _5"/>ef<span class="_ _5"/>ore c<span class="_ _5"/>on<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>uc<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>on i<span class="_ _5"/>s st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>te<span class="_ _5"/>d. A<span class="_ _5"/>ll c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>ted s<span class="_ _5"/>al<span class="_ _5"/>es a<span class="_ _5"/>re f<span class="_ _5"/>i<span class="_ _5"/>xed<span class="_ _5"/>-<span class="_ _5"/>p<span class="_ _5"/>r<span class="_ _5"/>ice co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Conversely<span class="_ _0"/>, non-contrac<span class="_ _5"/>ted sales<span class="_ _0"/> comprise:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. <span class="_ _1a0"> </span>Th<span class="_ _5"/>e sal<span class="_ _5"/>e of h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s co<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ru<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d on ow<span class="_ _5"/>n l<span class="_ _5"/>an<span class="_ _5"/>d for w<span class="_ _5"/>h<span class="_ _5"/>ich n<span class="_ _5"/>o cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t ha<span class="_ _5"/>s be<span class="_ _5"/>en e<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>d in<span class="_ _5"/>to b<span class="_ _5"/>efo<span class="_ _5"/>re co<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">struc<span class="_ _5"/>tion star<span class="_ _5"/>ts.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. <span class="_ _5c"> </span>The s<span class="_ _5"/>al<span class="_ _5"/>e of de<span class="_ _5"/>t<span class="_ _5"/>ach<span class="_ _5"/>ed l<span class="_ _5"/>an<span class="_ _5"/>d p<span class="_ _5"/>lot<span class="_ _3"/>s for w<span class="_ _5"/>hi<span class="_ _5"/>ch n<span class="_ _5"/>o cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t has b<span class="_ _5"/>e<span class="_ _5"/>en e<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>d in<span class="_ _5"/>to b<span class="_ _5"/>efo<span class="_ _5"/>re p<span class="_ _5"/>urc<span class="_ _5"/>ha<span class="_ _5"/>se a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development<span class="_ _0"/> of the la<span class="_ _0"/>nd plots.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.625px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.734px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.25px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.359px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.359px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.703px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.203px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 174.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue per segment and category </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 92.5918px; width: 86.9121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– contracted sales</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.67px; width: 185.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on customers' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.404px; width: 573.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">building sites</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,061,953</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">567,318</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,754,209</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 141.482px; width: 574.125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on own building sites </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3185px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">74,038</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">68,515</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">142,553</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.545px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.322px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,135,991</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">635,833</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,896,762</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue per segment and category </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">– non-contracted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Show and project houses </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,403</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,403</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 573.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.27px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,143</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,866</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9,009</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 574.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sale of land plots</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.205px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,343</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,343</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2168px; width: 574.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">53,889</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7404px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,866</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,755</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,189,880</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">641,699</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,956,517</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.406px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.047px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.812px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 438.25px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.391px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.8887px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.453px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.172px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 524.359px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 174.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue per segment and category </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 92.5918px; width: 86.9121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– contracted sales</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.654px; width: 185.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on customers' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.404px; width: 573.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">building sites</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,594,968</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">346,399</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,056,539</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 141.482px; width: 574.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on own building sites </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">138,888</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.545px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.322px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,696,912</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">383,343</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,195,427</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue per segment and category </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">– non-contracted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Show and project houses </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">71,825</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">71,825</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 573.75px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.27px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,438</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,349</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,787</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 574.096px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sale of land plots</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.387px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,118</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,118</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2168px; width: 573.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">82,381</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,349</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,730</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,779,293</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">402,692</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _3"/>4<span class="ff48 fc0 lsad wsae"> <span class="_ _5c"> </span>C<span class="_ _5"/>osts including staf<span class="_ _3"/>f<span class="_ _5"/> costs a<span class="_ _5"/>nd remuner<span class="_ _0"/>ation</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:207.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 31.5605px; width: 49.9395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 47.0918px; width: 577.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ages and salaries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 360.058px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">330,645</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 265,441 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 62.6074px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Hereof capitalised wages and salaries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,892</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-3,850 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 78.123px; width: 577.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Defined contribution pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 294.387px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,918</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 19,724 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.6387px; width: 576.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other social security costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,553</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 9,753 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 109.154px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,526</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6,969 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 124.686px; width: 576.615px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 424.039px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">359,750</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 298,037 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 150.982px; width: 190.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Statement of profit or loss classification:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 166.498px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Hourly workers recognized as cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 258.035px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">56,728</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,486</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 182.014px; width: 573.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Salaried employees recognized as staff costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.863px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">303,022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">265,551</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 197.545px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 424.039px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">359,750</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">298.037</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:25.640625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average number of full-time employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 288.832px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="letter-spacing: 0px; word-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);">471</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="letter-spacing: 0px; word-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);">398</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 15.5293px; width: 573.82px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of full-time employees at year-end</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.621px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">508</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">434</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:517.734375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 539.748px; white-space: pre; word-spacing: -0.2025px; letter-spacing: 0.2025px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Ke</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">y management personnel is</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> defined as the Executive Management, and disclos</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ures are</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> provided below</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">.</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 23.7949px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3418px; width: 168.949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remuneration of Board of Directors</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.8574px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Base salary and non-monetary benefits</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.299px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,350</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,350 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 86.373px; width: 576.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,350</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,350 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 112.67px; width: 193.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remuneration of Ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ecutive Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 128.201px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Base salary and non-monetary benefits</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.299px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,173</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7,712 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.717px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.375px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,919</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,083 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.232px; width: 576.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,334</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,581 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 174.748px; width: 574.131px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.043px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,426</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,376</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.061px; width: 163.254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other Key management P</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ersonnel</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 216.576px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Base salary and non-monetary benefits</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.299px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,390</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5,222 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 232.092px; width: 576.422px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Defined contribution pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 309.357px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">186</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 178 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 247.607px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.375px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,136</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,931 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 263.123px; width: 576.422px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,413</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 970 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 278.654px; width: 576.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,125</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 8,301 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 310.107px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.654px; width: 193.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remuneration of Ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ecutive Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 357.17px; width: 205.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Martin-Ravn Nielsen (CEO from May 2020):</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 372.686px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Salary</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 433.249px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,122</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,822 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 388.217px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.375px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,212</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,106 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 403.732px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,684</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,309 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 419.248px; width: 576.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 436.939px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,018</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 8,237 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 445.545px; width: 239.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Allan Auning-Hansen (CFO from November 2023):</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 461.076px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Salary</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 433.249px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,051</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,890 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 476.592px; width: 576.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 440.7px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">707</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 977 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 492.107px; width: 576.422px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.432px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">650</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 272 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 507.623px; width: 576.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 436.939px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,408</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,139 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The long-term incentive<span class="_ _0"/> programme is described in<span class="_ _0"/> Note 2.5.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _10"/>2<span class="ff48 fc0 lsad wsae"> <span class="_ _5c"> </span>C<span class="_ _5"/>ost of sa<span class="_ _5"/>les</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.109375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 574.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Costs of subcontractors, consumables and rawmaterial</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.205px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,109,089</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,650,954</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.8574px; width: 573.879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs, hourly work</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 335.232px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">56,728</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,846</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.9199px; width: 574.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Changes in inventories of finished goods and work in progress</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.824px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">302,888</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">137,951</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.998px; width: 573.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 414.904px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,468,705</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,821,751</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _5"/>3<span class="ff48 fc0 lsad wsae"> <span class="_ _183"> </span>Seg<span class="_ _5"/>ment information</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For management purposes,<span class="_ _0"/> the Group is organ<span class="_ _0"/>ised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>to bu<span class="_ _5"/>si<span class="_ _5"/>ne<span class="_ _5"/>ss u<span class="_ _5"/>ni<span class="_ _5"/>t<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on i<span class="_ _5"/>t<span class="_ _5"/>s p<span class="_ _5"/>ro<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d se<span class="_ _5"/>r<span class="_ _5"/>v<span class="_ _5"/>ic<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as we<span class="_ _5"/>ll a<span class="_ _5"/>s on i<span class="_ _5"/>t<span class="_ _5"/>s g<span class="_ _5"/>eo<span class="_ _5"/>gr<span class="_ _5"/>ap<span class="_ _5"/>hi<span class="_ _5"/>ca<span class="_ _5"/>l lo<span class="_ _5"/>c<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n. T<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up h<span class="_ _5"/>as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three reportable segments, as follows:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The detached<span class="_ _0"/> houses in Denmark<span class="_ _0"/> segment, which </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprises bric<span class="_ _0"/>k houses bui<span class="_ _0"/>lt on site<span class="_ _0"/>s and plots</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The semi- <span class="_ _5d"/>det<span class="_ _5"/>ached and<span class="_ _0"/> wooden-<span class="_ _5"/> <span class="_ _5d"/>frame houses in </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Denmark segment, which c<span class="_ _0"/>omprises brick houses<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">built on<span class="_ _0"/> sites and<span class="_ _0"/> plots, comprising both<span class="_ _0"/> business- </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to-<span class="_ _5"/>business and business- <span class="_ _5d"/>to-<span class="_ _5"/>consumers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">The W<span class="_ _0"/>ooden segment which<span class="_ _0"/> comprises detached<span class="_ _0"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _5"/>fa<span class="_ _5"/>br<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>ted w<span class="_ _5"/>oo<span class="_ _5"/>de<span class="_ _5"/>n ho<span class="_ _5"/>us<span class="_ _5"/>es to t<span class="_ _5"/>h<span class="_ _5"/>e Swe<span class="_ _5"/>di<span class="_ _5"/>sh </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">market</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Ex<span class="_ _5"/>ecu<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>ve Ma<span class="_ _5"/>na<span class="_ _5"/>ge<span class="_ _5"/>me<span class="_ _5"/>nt i<span class="_ _5"/>s re<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>si<span class="_ _5"/>bl<span class="_ _5"/>e fo<span class="_ _5"/>r th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g re<span class="_ _5"/>su<span class="_ _5"/>lt<span class="_ _5"/>s o<span class="_ _5"/>f it<span class="_ _5"/>s b<span class="_ _5"/>us<span class="_ _5"/>in<span class="_ _5"/>es<span class="_ _5"/>s un<span class="_ _5"/>it<span class="_ _5"/>s f<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>ur<span class="_ _5"/>p<span class="_ _5"/>ose </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of making<span class="_ _0"/> decisions about resour<span class="_ _0"/>ce allocation and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performance assessment. <span class="_ _5d"/>Segment per<span class="_ _5"/>formance for<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2025 is ev<span class="_ _5"/>al<span class="_ _5"/>ua<span class="_ _5"/>te<span class="_ _5"/>d bas<span class="_ _5"/>ed o<span class="_ _5"/>n <span class="_ _5d"/>o<span class="_ _5"/>p<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t (E<span class="_ _5"/>B<span class="_ _5"/>IT<span class="_ _5"/>)<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> financing (including financial income<span class="_ _0"/> and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial expenses)<span class="_ _0"/> and income<span class="_ _0"/> taxes are<span class="_ _0"/> managed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on a G<span class="_ _5"/>ro<span class="_ _5"/>up b<span class="_ _5"/>as<span class="_ _5"/>is a<span class="_ _5"/>nd a<span class="_ _5"/>re no<span class="_ _5"/>t al<span class="_ _5"/>lo<span class="_ _5"/>ca<span class="_ _5"/>te<span class="_ _5"/>d to op<span class="_ _5"/>e<span class="_ _5"/>ra<span class="_ _5"/>ti<span class="_ _5"/>ng </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments. Asset<span class="_ _5"/>s and liabilities<span class="_ _0"/> are not<span class="_ _0"/> allocated to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments. The segmentation reflect<span class="_ _5"/>s the internal<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">report<span class="_ _5"/>ing and<span class="_ _0"/> management struc<span class="_ _5"/>ture.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Smaller projects of building semi- <span class="_ _cc"/>detached houses<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are handled<span class="_ _0"/> through our detached<span class="_ _0"/> segment where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e pr<span class="_ _5"/>oj<span class="_ _5"/>ec<span class="_ _5"/>t p<span class="_ _5"/>ro<span class="_ _5"/>ces<span class="_ _5"/>s is l<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In<span class="_ _5"/>ter-<span class="_ _5"/> <span class="_ _5d"/>s<span class="_ _5"/>eg<span class="_ _5"/>me<span class="_ _5"/>nt r<span class="_ _5"/>eve<span class="_ _5"/>nu<span class="_ _5"/>e is re<span class="_ _5"/>ven<span class="_ _5"/>ue t<span class="_ _5"/>r<span class="_ _5"/>ad<span class="_ _5"/>ed f<span class="_ _5"/>ro<span class="_ _5"/>m a se<span class="_ _5"/>g<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment to<span class="_ _0"/> another segment, e.g.<span class="_ _0"/> land. There<span class="_ _0"/> has been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">no intersegment r<span class="_ _0"/>evenue in<span class="_ _0"/> 20<span class="_ _0"/>25.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:461.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.625px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.734px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.25px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.359px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.359px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.703px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.203px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 41.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 97.9199px; width: 576.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">External customers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 162.621px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,189,880 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 641,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 124,938 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,956,517 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 115.982px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.603px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 134.061px; width: 576.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 184.008px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,189,880 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 641,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 124,938 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,956,517 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 165.467px; width: 88.7578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income / expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 183.529px; width: 576.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,779,164 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-618,531 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-71,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,468,705 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.607px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.603px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 219.67px; width: 576.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment gross profit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 157.699px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 410,716 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.9571px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23,168 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 53,928 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 487,812 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 237.748px; width: 574.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18.8%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.6%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">43.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.154px; width: 576.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.631px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 82 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.377px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.5858px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.6915px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 88 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.217px; width: 576.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-217,825 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-65,807 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-19,390 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-303,022 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.295px; width: 576.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.867px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-93,628 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-16,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-13,887 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-123,525 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.357px; width: 576.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.01px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 99,345 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-58,643 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 20,651 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 61,353 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.436px; width: 573.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.582px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.1%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 359.498px; width: 576.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.393px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-29,404 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-8,188 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2873px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-8,304 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-45,896 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 377.576px; width: 576.85px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.863px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 69,941 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-66,831 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 12,347 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,457 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 395.639px; width: 573.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.412px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9.9%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.717px; width: 576.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 466.616px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,418 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 431.779px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 449.228px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-44,469</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.139px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit / loss before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 431.01px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-27,594</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:461.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.406px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.047px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.812px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 438.25px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.391px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.453px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.172px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 524.359px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 41.7188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 97.9199px; width: 574.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">External customers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.469px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,841,672</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">340,313</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 115.982px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 200.924px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-62,379</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">62,379</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 134.061px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,779,293</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">402,692</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 165.467px; width: 88.7578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income / expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 183.529px; width: 574.312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,482,233</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-265,908</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-73,611</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,821,751</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.607px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inter-segment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.076px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,884</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-59,884</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 219.67px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Segment gross profit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.383px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">356,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">76,900</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,561</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">475,406</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 237.748px; width: 573.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Gross margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36.1%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20.7%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.154px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 164.69px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,151</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,151</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.217px; width: 573.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.242px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-200,956</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-53,932</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,662</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-265,551</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.295px; width: 574.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other operating expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.867px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-79,591</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-4,194</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-23,594</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-107,379</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.357px; width: 574.061px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.447px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">77,548</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18,774</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.758px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,305</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">103,627</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.436px; width: 574.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBITDA margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.582px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.5%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 359.498px; width: 573.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.393px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-35,906</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,252</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-6,682</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-47,840</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 377.576px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.301px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,642</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13,522</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.8574px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">623</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55,787</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 395.639px; width: 574.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">EBIT margin</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.412px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3.4%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2.4%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 413.717px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 469.324px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,184</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 431.779px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 449.228px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-48,986</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.139px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit / loss before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 440.7px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,985</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.109375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 159.586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue from e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xternal customers</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.8574px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.999px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,831,579</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,181,985</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.9199px; width: 573.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sweden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.998px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 373.506px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,956,517</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e reve<span class="_ _5"/>nu<span class="_ _5"/>e in<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n ab<span class="_ _5"/>ove i<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>he g<span class="_ _5"/>eo<span class="_ _5"/>g<span class="_ _5"/>ra<span class="_ _5"/>ph<span class="_ _5"/>ic l<span class="_ _5"/>oc<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns o<span class="_ _5"/>f th<span class="_ _5"/>e ho<span class="_ _5"/>us<span class="_ _5"/>es s<span class="_ _5"/>ol<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No individual customer acc<span class="_ _0"/>ounts for more<span class="_ _0"/> than 10% of<span class="_ _0"/> the consolidated<span class="_ _0"/> revenue.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:99.296875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 90px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.999px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,970,179</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,949,757</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sweden</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 411.041px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">273,286</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">259,299</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1855px; width: 573.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 323.795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,243,465</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,209,056</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The non-current assets information<span class="_ _0"/> above<span class="_ _0"/> is based on<span class="_ _0"/> the assets’<span class="_ _0"/> physical locations. For<span class="_ _0"/> goodwill, the locations<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are bas<span class="_ _0"/>ed on the<span class="_ _0"/> CGU allocation<span class="_ _0"/> from the pur<span class="_ _0"/>chase price<span class="_ _0"/> allocations. The<span class="_ _0"/> locations for the<span class="_ _0"/> intangible assets are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined based<span class="_ _0"/> on the legal<span class="_ _0"/> owner/<span class="_ _0"/>user<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>current assets for this<span class="_ _0"/> purpose consist of<span class="_ _0"/> goodwill and other intangible assets, propert<span class="_ _5"/>y<span class="_ _0"/>, plant and<span class="_ _0"/> equipment, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">right-of-u<span class="_ _5"/>se assets and<span class="_ _0"/> other receivables.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> is engaged in<span class="_ _0"/> construc<span class="_ _5"/>tion act<span class="_ _5"/>ivities in Denmark and<span class="_ _0"/> Sweden.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>contrac<span class="_ _5"/>ted sales ar<span class="_ _0"/>e recognised<span class="_ _0"/> on delivery (point-in<span class="_ _5"/>-time) whereas<span class="_ _0"/> contrac<span class="_ _5"/>ted sales<span class="_ _0"/> are r<span class="_ _0"/>ecognised over<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">time. Payment<span class="_ _0"/> is typicall<span class="_ _5"/>y due at<span class="_ _0"/> the time of<span class="_ _0"/> final deliver<span class="_ _5"/>y of<span class="_ _0"/> the house projects in the Detached<span class="_ _0"/> segment, however<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a small<span class="_ _0"/> deposit is paid<span class="_ _0"/> upon contract negotiation. The Group r<span class="_ _0"/>eceives a<span class="_ _0"/> bank guarantee<span class="_ _0"/> in connection with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>t-<span class="_ _5"/>u<span class="_ _5"/>p of ea<span class="_ _5"/>ch co<span class="_ _5"/>n<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _5"/>t a<span class="_ _5"/>nd i<span class="_ _5"/>s e<span class="_ _5"/>nt<span class="_ _5"/>it<span class="_ _5"/>l<span class="_ _5"/>ed to p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt f<span class="_ _5"/>or w<span class="_ _5"/>or<span class="_ _5"/>k pe<span class="_ _5"/>r<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>ed<span class="_ _5"/>, in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>, du<span class="_ _5"/>ri<span class="_ _5"/>ng t<span class="_ _5"/>he p<span class="_ _5"/>ro<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The majority of the<span class="_ _0"/> contrac<span class="_ _5"/>ted sales<span class="_ _0"/> in the Semi-detached segment entitle the Group t<span class="_ _0"/>o on-account payments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">linked<span class="_ _0"/> to the per<span class="_ _0"/>centage of c<span class="_ _0"/>ompletion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>ted sales<span class="_ _0"/> comprise<span class="_ _0"/> the sale of<span class="_ _0"/> houses c<span class="_ _0"/>onstruc<span class="_ _5"/>ted on<span class="_ _0"/> the customers' land,<span class="_ _0"/> or houses<span class="_ _0"/> sold on<span class="_ _0"/> own land<span class="_ _0"/> that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are c<span class="_ _5"/>ove<span class="_ _5"/>red b<span class="_ _5"/>y a cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t b<span class="_ _5"/>ef<span class="_ _5"/>ore c<span class="_ _5"/>on<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>uc<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>on i<span class="_ _5"/>s st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>te<span class="_ _5"/>d. A<span class="_ _5"/>ll c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>ted s<span class="_ _5"/>al<span class="_ _5"/>es a<span class="_ _5"/>re f<span class="_ _5"/>i<span class="_ _5"/>xed<span class="_ _5"/>-<span class="_ _5"/>p<span class="_ _5"/>r<span class="_ _5"/>ice co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Conversely<span class="_ _0"/>, non-contrac<span class="_ _5"/>ted sales<span class="_ _0"/> comprise:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. <span class="_ _1a0"> </span>Th<span class="_ _5"/>e sal<span class="_ _5"/>e of h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s co<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ru<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d on ow<span class="_ _5"/>n l<span class="_ _5"/>an<span class="_ _5"/>d for w<span class="_ _5"/>h<span class="_ _5"/>ich n<span class="_ _5"/>o cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t ha<span class="_ _5"/>s be<span class="_ _5"/>en e<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>d in<span class="_ _5"/>to b<span class="_ _5"/>efo<span class="_ _5"/>re co<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">struc<span class="_ _5"/>tion star<span class="_ _5"/>ts.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. <span class="_ _5c"> </span>The s<span class="_ _5"/>al<span class="_ _5"/>e of de<span class="_ _5"/>t<span class="_ _5"/>ach<span class="_ _5"/>ed l<span class="_ _5"/>an<span class="_ _5"/>d p<span class="_ _5"/>lot<span class="_ _3"/>s for w<span class="_ _5"/>hi<span class="_ _5"/>ch n<span class="_ _5"/>o cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t has b<span class="_ _5"/>e<span class="_ _5"/>en e<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>d in<span class="_ _5"/>to b<span class="_ _5"/>efo<span class="_ _5"/>re p<span class="_ _5"/>urc<span class="_ _5"/>ha<span class="_ _5"/>se a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development<span class="_ _0"/> of the la<span class="_ _0"/>nd plots.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.625px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.734px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.25px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 437.359px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.359px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.9043px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.703px; top: 44.9043px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 525.203px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 174.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue per segment and category </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 92.5918px; width: 86.9121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– contracted sales</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.67px; width: 185.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on customers' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.404px; width: 573.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">building sites</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,061,953</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">567,318</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,754,209</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 141.482px; width: 574.125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on own building sites </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3185px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">74,038</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">68,515</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">142,553</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.545px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.322px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,135,991</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">635,833</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,896,762</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue per segment and category </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">– non-contracted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Show and project houses </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,403</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,403</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 573.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.27px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,143</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,866</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9,009</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 574.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sale of land plots</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.205px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,343</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,343</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2168px; width: 574.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">53,889</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7404px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,866</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,755</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,189,880</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">641,699</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,938</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,956,517</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 465.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 358.406px; top: 19.3887px; width: 31.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Semi- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 252.047px; top: 32.1543px; width: 51.8613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 339.812px; top: 32.1387px; width: 50.3789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">detached </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 438.25px; top: 32.1387px; width: 44.7715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ooden </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 549.391px; top: 32.1387px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 44.8887px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 265.453px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.172px; top: 44.8887px; width: 36.4512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">houses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 524.359px; top: 44.8887px; width: 49.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">segments</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 79.8418px; width: 174.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Revenue per segment and category </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 92.5918px; width: 86.9121px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">– contracted sales</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 110.654px; width: 185.098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on customers' </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 123.404px; width: 573.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">building sites</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,594,968</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">346,399</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,056,539</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 141.482px; width: 574.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sales value, houses sold on own building sites </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">138,888</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.545px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 147.322px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,696,912</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">383,343</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,195,427</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue per segment and category </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">– non-contracted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Show and project houses </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 148.611px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">71,825</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">71,825</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 573.75px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 207.27px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,438</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,349</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,787</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 574.096px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Sale of land plots</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 195.387px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,118</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,118</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2168px; width: 573.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-contracted sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">82,381</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,349</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,730</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,779,293</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">402,692</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">115,172</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,297,157</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _3"/>4<span class="ff48 fc0 lsad wsae"> <span class="_ _5c"> </span>C<span class="_ _5"/>osts including staf<span class="_ _3"/>f<span class="_ _5"/> costs a<span class="_ _5"/>nd remuner<span class="_ _0"/>ation</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:207.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 31.5605px; width: 49.9395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 47.0918px; width: 577.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ages and salaries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 360.058px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">330,645</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 265,441 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 62.6074px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Hereof capitalised wages and salaries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,892</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-3,850 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 78.123px; width: 577.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Defined contribution pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 294.387px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,918</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 19,724 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.6387px; width: 576.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other social security costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,553</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 9,753 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 109.154px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,526</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6,969 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 124.686px; width: 576.615px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 424.039px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">359,750</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 298,037 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 150.982px; width: 190.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Statement of profit or loss classification:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 166.498px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Hourly workers recognized as cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 258.035px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">56,728</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,486</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 182.014px; width: 573.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Salaried employees recognized as staff costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.863px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">303,022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">265,551</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 197.545px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 424.039px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">359,750</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">298.037</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:25.640625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average number of full-time employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 288.832px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="letter-spacing: 0px; word-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);">471</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="letter-spacing: 0px; word-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);">398</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 15.5293px; width: 573.82px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of full-time employees at year-end</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.621px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">508</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">434</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:517.734375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 539.748px; white-space: pre; word-spacing: -0.2025px; letter-spacing: 0.2025px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Ke</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">y management personnel is</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> defined as the Executive Management, and disclos</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ures are</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> provided below</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">.</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 23.7949px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3418px; width: 168.949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remuneration of Board of Directors</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.8574px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Base salary and non-monetary benefits</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.299px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,350</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,350 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 86.373px; width: 576.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,350</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,350 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 112.67px; width: 193.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remuneration of Ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ecutive Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 128.201px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Base salary and non-monetary benefits</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.299px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,173</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7,712 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.717px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.375px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,919</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,083 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.232px; width: 576.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,334</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,581 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 174.748px; width: 574.131px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.043px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,426</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,376</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.061px; width: 163.254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other Key management P</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ersonnel</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 216.576px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Base salary and non-monetary benefits</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.299px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,390</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5,222 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 232.092px; width: 576.422px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Defined contribution pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 309.357px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">186</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 178 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 247.607px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.375px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,136</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,931 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 263.123px; width: 576.422px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,413</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 970 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 278.654px; width: 576.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,125</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 8,301 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 310.107px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.654px; width: 193.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remuneration of Ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ecutive Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 357.17px; width: 205.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Martin-Ravn Nielsen (CEO from May 2020):</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 372.686px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Salary</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 433.249px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,122</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,822 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 388.217px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.375px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,212</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,106 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 403.732px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,684</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,309 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 419.248px; width: 576.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 436.939px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,018</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 8,237 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 445.545px; width: 239.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Allan Auning-Hansen (CFO from November 2023):</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 461.076px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Salary</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 433.249px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,051</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,890 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 476.592px; width: 576.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 440.7px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">707</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 977 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 492.107px; width: 576.422px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.432px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">650</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 272 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 507.623px; width: 576.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 436.939px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,408</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,139 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The long-term incentive<span class="_ _0"/> programme is described in<span class="_ _0"/> Note 2.5.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _5"/>5<span class="ff48 fc0 lsb5 wsbb"> <span class="_ _5c"> </span>S<span class="_ _5"/>hare<span class="_ _5"/>-bas<span class="_ _5"/>ed<span class="_ _5"/> pay<span class="_ _5"/>ments</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share-<span class="_ _5"/>based payments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">We<span class="_ _0"/> have established two share-based incentive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sch<span class="_ _5"/>em<span class="_ _5"/>es<span class="_ _5"/>, Re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _5"/>t<span class="_ _5"/>ed s<span class="_ _5"/>ha<span class="_ _5"/>re un<span class="_ _5"/>it<span class="_ _5"/>s a<span class="_ _5"/>nd S<span class="_ _5"/>ha<span class="_ _5"/>re o<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>ns<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Both of<span class="_ _0"/> the share-<span class="_ _5"/>based incentive<span class="_ _0"/> schemes are<span class="_ _0"/> classi<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f<span class="_ _5"/>ie<span class="_ _5"/>d as e<span class="_ _5"/>qu<span class="_ _5"/>it<span class="_ _3"/>y ba<span class="_ _5"/>se<span class="_ _5"/>d, a<span class="_ _5"/>s th<span class="_ _5"/>ey se<span class="_ _5"/>t<span class="_ _5"/>t<span class="_ _5"/>le i<span class="_ _5"/>n sh<span class="_ _5"/>are<span class="_ _5"/>s<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Restricted share units</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In acc<span class="_ _0"/>ordance with the Company's<span class="_ _0"/> remuneration poli<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cy,<span class="_ _0"/> individual members of the Executive<span class="_ _0"/> Management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>icipate in<span class="_ _0"/> long-term incentive programmes.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The programme,<span class="_ _0"/> fir<span class="_ _5"/>st implemented in<span class="_ _0"/> November </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2020, con<span class="_ _5"/>si<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s of re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _5"/>t<span class="_ _5"/>ed s<span class="_ _5"/>ha<span class="_ _5"/>re un<span class="_ _5"/>it<span class="_ _5"/>s (<span class="_ _5"/>R<span class="_ _5"/>SU<span class="_ _5"/>s). Pa<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>ic<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ipants in the RSU<span class="_ _0"/> programme are<span class="_ _0"/> granted RSUs<span class="_ _0"/> which</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">upon vesting entitle each<span class="_ _0"/> par<span class="_ _5"/>ticipant to<span class="_ _0"/> receive,<span class="_ _0"/> free </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of ch<span class="_ _5"/>ar<span class="_ _5"/>ge, a n<span class="_ _5"/>um<span class="_ _5"/>b<span class="_ _5"/>er of s<span class="_ _5"/>ha<span class="_ _5"/>re<span class="_ _5"/>s in t<span class="_ _5"/>he C<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny e<span class="_ _5"/>qu<span class="_ _5"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to t<span class="_ _5"/>he nu<span class="_ _5"/>mb<span class="_ _5"/>e<span class="_ _5"/>r of RS<span class="_ _5"/>Us v<span class="_ _5"/>es<span class="_ _5"/>te<span class="_ _5"/>d, a<span class="_ _5"/>s de<span class="_ _5"/>sc<span class="_ _5"/>ri<span class="_ _5"/>be<span class="_ _5"/>d be<span class="_ _5"/>lo<span class="_ _5"/>w.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">RS<span class="_ _5"/>U pro<span class="_ _5"/>gr<span class="_ _5"/>a<span class="_ _5"/>mm<span class="_ _5"/>es ha<span class="_ _5"/>ve a ve<span class="_ _5"/>st<span class="_ _5"/>i<span class="_ _5"/>ng p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d of t<span class="_ _5"/>hr<span class="_ _5"/>ee </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">years. V<span class="_ _0"/>esting is not<span class="_ _0"/> conditional upon achi<span class="_ _0"/>eving any </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial or non-f<span class="_ _5"/>inancial targets, but is<span class="_ _0"/> however<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">conditional upon<span class="_ _0"/>:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. <span class="_ _1a0"> </span><span class="ls4 ws3">the participant remaining employ<span class="_ _0"/>ed with the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p fo<span class="_ _5"/>r a pe<span class="_ _5"/>ri<span class="_ _5"/>od of t<span class="_ _5"/>h<span class="_ _5"/>ree y<span class="_ _5"/>ea<span class="_ _5"/>rs f<span class="_ _5"/>ro<span class="_ _5"/>m th<span class="_ _5"/>e da<span class="_ _5"/>te o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">grant, or the participant becoming a<span class="_ _0"/> good leaver<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">du<span class="_ _5"/>ri<span class="_ _5"/>ng t<span class="_ _5"/>he ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng p<span class="_ _5"/>e<span class="_ _5"/>rio<span class="_ _5"/>d<span class="_ _5"/>, in w<span class="_ _5"/>hi<span class="_ _5"/>ch c<span class="_ _5"/>as<span class="_ _5"/>e on<span class="_ _5"/>ly a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">proport<span class="_ _5"/>ionate<span class="_ _0"/> por<span class="_ _5"/>tion of<span class="_ _0"/> RSUs will<span class="_ _0"/> vest and</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. <span class="_ _5c"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the participant having c<span class="_ _0"/>omplied in all<span class="_ _0"/> respect<span class="_ _5"/>s with</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the general<span class="_ _0"/> terms and<span class="_ _0"/> conditions as<span class="_ _0"/> determined </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by t<span class="_ _5"/>he B<span class="_ _5"/>oa<span class="_ _5"/>rd of D<span class="_ _5"/>ir<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>or<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Members of the Executive<span class="_ _0"/> Management are granted<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>icipation in<span class="_ _0"/> the long-term share-<span class="_ _5"/>based incentive<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">programmes as an<span class="_ _0"/> element of<span class="_ _0"/> remuneration as inc<span class="_ _0"/>en<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>ve f<span class="_ _5"/>or t<span class="_ _5"/>he E<span class="_ _5"/>xe<span class="_ _5"/>cu<span class="_ _5"/>t<span class="_ _5"/>ive M<span class="_ _5"/>a<span class="_ _5"/>na<span class="_ _5"/>ge<span class="_ _5"/>me<span class="_ _5"/>nt to r<span class="_ _5"/>em<span class="_ _5"/>ai<span class="_ _5"/>n foc<span class="_ _5"/>us<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on value<span class="_ _0"/> creation and achie<span class="_ _0"/>vement of<span class="_ _0"/> the Company's </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">long-term objectives. As determined<span class="_ _0"/> by the Boar<span class="_ _0"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of D<span class="_ _5"/>ire<span class="_ _5"/>c<span class="_ _5"/>to<span class="_ _5"/>r<span class="_ _5"/>s, a s<span class="_ _5"/>el<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>ed n<span class="_ _5"/>um<span class="_ _5"/>be<span class="_ _5"/>r of e<span class="_ _5"/>mp<span class="_ _5"/>loy<span class="_ _5"/>ee<span class="_ _5"/>s of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company in<span class="_ _0"/> key<span class="_ _0"/> positions may also<span class="_ _0"/> be eligible to<span class="_ _0"/> par<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ticipate in<span class="_ _0"/> long-<span class="_ _5"/>term inc<span class="_ _0"/>entive programmes on<span class="_ _0"/> terms </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">similar to<span class="_ _0"/> those of<span class="_ _0"/> the Executive Management. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e 2025 RS<span class="_ _5"/>U pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>e, t<span class="_ _5"/>he g<span class="_ _5"/>ra<span class="_ _5"/>nt p<span class="_ _5"/>ri<span class="_ _5"/>ce of e<span class="_ _5"/>ac<span class="_ _5"/>h</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sh<span class="_ _5"/>are u<span class="_ _5"/>ni<span class="_ _5"/>t co<span class="_ _5"/>rre<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>d<span class="_ _5"/>s to th<span class="_ _5"/>e vo<span class="_ _5"/>lu<span class="_ _5"/>me we<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _5"/>ed av<span class="_ _5"/>er-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">age share<span class="_ _0"/> price<span class="_ _0"/> of HusCompagniet’s<span class="_ _0"/> shares<span class="_ _0"/> traded </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on N<span class="_ _5"/>as<span class="_ _5"/>da<span class="_ _5"/>q Co<span class="_ _5"/>p<span class="_ _5"/>enh<span class="_ _5"/>ag<span class="_ _5"/>en i<span class="_ _5"/>n t<span class="_ _5"/>he p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d fr<span class="_ _5"/>om 1<span class="_ _5"/>0 M<span class="_ _5"/>arc<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2025 un<span class="_ _5"/>ti<span class="_ _5"/>l 14 M<span class="_ _5"/>ar<span class="_ _5"/>ch 2025 (2024: 11 M<span class="_ _5"/>a<span class="_ _5"/>rch 2024 un<span class="_ _5"/>ti<span class="_ _5"/>l </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">15 M<span class="_ _5"/>ar<span class="_ _5"/>ch 2024).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share option incentive<span class="_ _0"/> scheme</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In<span class="_ _5"/>tr<span class="_ _5"/>od<span class="_ _5"/>uc<span class="_ _5"/>ed i<span class="_ _5"/>n 2024 and co<span class="_ _5"/>nt<span class="_ _5"/>in<span class="_ _5"/>ue<span class="_ _5"/>d in 2025<span class="_ _5"/>, a sh<span class="_ _5"/>are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>nce<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>ve s<span class="_ _5"/>che<span class="_ _5"/>me i<span class="_ _5"/>s gr<span class="_ _5"/>a<span class="_ _5"/>nte<span class="_ _5"/>d to t<span class="_ _5"/>he E<span class="_ _5"/>xe<span class="_ _5"/>cu<span class="_ _5"/>t<span class="_ _5"/>ive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management and other<span class="_ _0"/> key<span class="_ _0"/> employees. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Part<span class="_ _5"/>icipants of the<span class="_ _0"/> share option inc<span class="_ _0"/>entive scheme </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are upon<span class="_ _0"/> exercise<span class="_ _0"/> granted shares<span class="_ _0"/> in the<span class="_ _0"/> Company </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eq<span class="_ _5"/>ui<span class="_ _5"/>va<span class="_ _5"/>le<span class="_ _5"/>nt t<span class="_ _5"/>o th<span class="_ _5"/>e nu<span class="_ _5"/>mb<span class="_ _5"/>er o<span class="_ _5"/>f ves<span class="_ _5"/>te<span class="_ _5"/>d sh<span class="_ _5"/>ar<span class="_ _5"/>e op<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>s at a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f<span class="_ _5"/>ixe<span class="_ _5"/>d exe<span class="_ _5"/>rci<span class="_ _5"/>se p<span class="_ _5"/>r<span class="_ _5"/>ice.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e sha<span class="_ _5"/>re o<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>e w<span class="_ _5"/>ill v<span class="_ _5"/>es<span class="_ _5"/>t ove<span class="_ _5"/>r a t<span class="_ _5"/>hre<span class="_ _5"/>e<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">yea<span class="_ _5"/>r ves<span class="_ _5"/>t<span class="_ _5"/>in<span class="_ _5"/>g p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d. Ves<span class="_ _5"/>ti<span class="_ _5"/>ng i<span class="_ _5"/>s no<span class="_ _5"/>t co<span class="_ _5"/>nd<span class="_ _5"/>it<span class="_ _5"/>io<span class="_ _5"/>na<span class="_ _5"/>l up<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">achieving any<span class="_ _0"/> financial or non-f<span class="_ _5"/>inancial targets, but is,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">howev<span class="_ _0"/>er<span class="_ _0"/>, conditional<span class="_ _0"/> upon:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. <span class="_ _1a0"> </span><span class="ls4 ws3">the participant remaining employ<span class="_ _0"/>ed with the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p fo<span class="_ _5"/>r a pe<span class="_ _5"/>ri<span class="_ _5"/>od of t<span class="_ _5"/>h<span class="_ _5"/>ree y<span class="_ _5"/>ea<span class="_ _5"/>rs f<span class="_ _5"/>ro<span class="_ _5"/>m th<span class="_ _5"/>e da<span class="_ _5"/>te o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">grant, or the participant becoming a<span class="_ _0"/> good leaver<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">du<span class="_ _5"/>ri<span class="_ _5"/>ng t<span class="_ _5"/>he ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng p<span class="_ _5"/>e<span class="_ _5"/>rio<span class="_ _5"/>d i<span class="_ _5"/>n wh<span class="_ _5"/>ic<span class="_ _5"/>h ca<span class="_ _5"/>se o<span class="_ _5"/>nl<span class="_ _5"/>y a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">proport<span class="_ _5"/>ionate<span class="_ _0"/> por<span class="_ _5"/>tion of<span class="_ _0"/> the share-opt<span class="_ _5"/>ions will<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ves<span class="_ _5"/>t a<span class="_ _5"/>nd</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. <span class="_ _5c"> </span><span class="ls4 ws3">the participant having c<span class="_ _0"/>omplied in all<span class="_ _0"/> respect<span class="_ _5"/>s with </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the general<span class="_ _0"/> terms and<span class="_ _0"/> conditions as<span class="_ _0"/> determined </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by t<span class="_ _5"/>he B<span class="_ _5"/>oa<span class="_ _5"/>rd of D<span class="_ _5"/>ir<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>or<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Up<span class="_ _5"/>on v<span class="_ _5"/>es<span class="_ _5"/>ti<span class="_ _5"/>ng<span class="_ _5"/>, t<span class="_ _5"/>he s<span class="_ _5"/>ha<span class="_ _5"/>re op<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>ns m<span class="_ _5"/>ay be e<span class="_ _5"/>xer<span class="_ _5"/>cis<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fro<span class="_ _5"/>m t<span class="_ _5"/>he d<span class="_ _5"/>ay af<span class="_ _3"/>ter t<span class="_ _5"/>h<span class="_ _5"/>e pu<span class="_ _5"/>bl<span class="_ _5"/>ic<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n of t<span class="_ _5"/>he C<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny<span class="_ _5"/>’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">annual report for 2<span class="_ _0"/>02<span class="_ _0"/>7 until four<span class="_ _0"/> weeks after the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">publication of the<span class="_ _0"/> Company’s annual<span class="_ _0"/> repor<span class="_ _5"/>t for<span class="_ _0"/> 202<span class="_ _0"/>9 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(20<span class="_ _0"/>24<span class="_ _0"/>: annual<span class="_ _0"/> repor<span class="_ _5"/>t 2<span class="_ _0"/>026<span class="_ _0"/> until four<span class="_ _0"/> weeks after the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">publication of the<span class="_ _0"/> Company’s annual<span class="_ _0"/> repor<span class="_ _5"/>t for<span class="_ _0"/> 202<span class="_ _0"/>8). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e 2025 sh<span class="_ _5"/>are o<span class="_ _5"/>p<span class="_ _5"/>ti<span class="_ _5"/>on p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me, t<span class="_ _5"/>h<span class="_ _5"/>e gr<span class="_ _5"/>an<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pr<span class="_ _5"/>ice o<span class="_ _5"/>f ea<span class="_ _5"/>ch s<span class="_ _5"/>har<span class="_ _5"/>e op<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s de<span class="_ _5"/>te<span class="_ _5"/>rm<span class="_ _5"/>in<span class="_ _5"/>ed t<span class="_ _5"/>hr<span class="_ _5"/>ou<span class="_ _5"/>gh t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Black-Scholes model<span class="_ _0"/> based on the<span class="_ _0"/> volume weight<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed av<span class="_ _5"/>er<span class="_ _5"/>ag<span class="_ _5"/>e sh<span class="_ _5"/>are p<span class="_ _5"/>ri<span class="_ _5"/>ce of H<span class="_ _5"/>u<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>gn<span class="_ _5"/>ie<span class="_ _5"/>t<span class="_ _5"/>’s sha<span class="_ _5"/>re<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">traded on Nasdaq<span class="_ _0"/> Copenhagen in<span class="_ _0"/> the period from<span class="_ _0"/> 10 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ma<span class="_ _5"/>rch 2<span class="_ _5"/>025 unt<span class="_ _5"/>i<span class="_ _5"/>l 14 M<span class="_ _5"/>arc<span class="_ _5"/>h 2025.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e exer<span class="_ _5"/>ci<span class="_ _5"/>se p<span class="_ _5"/>ric<span class="_ _5"/>e of ea<span class="_ _5"/>ch s<span class="_ _5"/>ha<span class="_ _5"/>re o<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n cor<span class="_ _5"/>re<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>ds </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to 11<span class="_ _5"/>0<span class="_ _5"/>% of t<span class="_ _5"/>he vo<span class="_ _5"/>lu<span class="_ _5"/>me w<span class="_ _5"/>ei<span class="_ _5"/>gh<span class="_ _5"/>ted a<span class="_ _5"/>ver<span class="_ _5"/>ag<span class="_ _5"/>e sh<span class="_ _5"/>ar<span class="_ _5"/>e pr<span class="_ _5"/>ice </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of HusCompagniet’<span class="_ _0"/>s shares<span class="_ _0"/> traded on Nasdaq<span class="_ _0"/> Co<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>nh<span class="_ _5"/>ag<span class="_ _5"/>en i<span class="_ _5"/>n th<span class="_ _5"/>e pe<span class="_ _5"/>ri<span class="_ _5"/>od f<span class="_ _5"/>ro<span class="_ _5"/>m 1<span class="_ _5"/>0 Ma<span class="_ _5"/>rch 2025 u<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>l 14 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ma<span class="_ _5"/>rch 2<span class="_ _5"/>025.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e 2024 sha<span class="_ _5"/>re op<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n pro<span class="_ _5"/>g<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>e, th<span class="_ _5"/>e gr<span class="_ _5"/>an<span class="_ _5"/>t p<span class="_ _5"/>ri<span class="_ _5"/>ce </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of each<span class="_ _0"/> share option<span class="_ _0"/> was determined through<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Black-Scholes model<span class="_ _0"/> based on the<span class="_ _0"/> volume weight<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed av<span class="_ _5"/>er<span class="_ _5"/>ag<span class="_ _5"/>e sh<span class="_ _5"/>are p<span class="_ _5"/>ri<span class="_ _5"/>ce of H<span class="_ _5"/>u<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>gn<span class="_ _5"/>ie<span class="_ _5"/>t<span class="_ _5"/>’s sha<span class="_ _5"/>re<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">traded on Nasdaq<span class="_ _0"/> Copenhagen in<span class="_ _0"/> the period from<span class="_ _0"/> 11 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ma<span class="_ _5"/>rch 2<span class="_ _5"/>024 unt<span class="_ _5"/>il 1<span class="_ _5"/>5 Ma<span class="_ _5"/>rch 2<span class="_ _5"/>024.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e exer<span class="_ _5"/>ci<span class="_ _5"/>se p<span class="_ _5"/>ric<span class="_ _5"/>e of ea<span class="_ _5"/>ch s<span class="_ _5"/>ha<span class="_ _5"/>re o<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n cor<span class="_ _5"/>re<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>ds </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to 11<span class="_ _5"/>0<span class="_ _5"/>% of t<span class="_ _5"/>he vo<span class="_ _5"/>lu<span class="_ _5"/>me w<span class="_ _5"/>ei<span class="_ _5"/>gh<span class="_ _5"/>ted a<span class="_ _5"/>ver<span class="_ _5"/>ag<span class="_ _5"/>e sh<span class="_ _5"/>ar<span class="_ _5"/>e pr<span class="_ _5"/>ice </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of HusCompagniet’<span class="_ _0"/>s shares<span class="_ _0"/> traded on Nasdaq<span class="_ _0"/> Copen<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ha<span class="_ _5"/>ge<span class="_ _5"/>n in t<span class="_ _5"/>he p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d fr<span class="_ _5"/>om 1<span class="_ _5"/>1 Ma<span class="_ _5"/>rc<span class="_ _5"/>h 2024 unt<span class="_ _5"/>il 1<span class="_ _5"/>5 Ma<span class="_ _5"/>rc<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">20<span class="_ _5"/>24.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair<span class="_ _0"/> value measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e RS<span class="_ _5"/>U pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>es i<span class="_ _5"/>ss<span class="_ _5"/>ue<span class="_ _5"/>d in 202<span class="_ _5"/>3, t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>asu<span class="_ _5"/>re<span class="_ _5"/>s sh<span class="_ _5"/>are<span class="_ _3"/>-<span class="_ _5"/>ba<span class="_ _5"/>se<span class="_ _5"/>d pay<span class="_ _5"/>me<span class="_ _5"/>n<span class="_ _5"/>t<span class="_ _5"/>s at f<span class="_ _5"/>ai<span class="_ _5"/>r va<span class="_ _5"/>lu<span class="_ _5"/>e at t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gr<span class="_ _5"/>an<span class="_ _5"/>t da<span class="_ _5"/>te. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e RS<span class="_ _5"/>U pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>e is<span class="_ _5"/>su<span class="_ _5"/>ed i<span class="_ _5"/>n 2024 and 2025<span class="_ _5"/>, th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gr<span class="_ _5"/>an<span class="_ _5"/>t<span class="_ _5"/>s are b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n t<span class="_ _5"/>he vo<span class="_ _5"/>lu<span class="_ _5"/>me w<span class="_ _5"/>ei<span class="_ _5"/>gh<span class="_ _5"/>ted a<span class="_ _5"/>ver<span class="_ _5"/>ag<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sh<span class="_ _5"/>are p<span class="_ _5"/>ri<span class="_ _5"/>ce of H<span class="_ _5"/>u<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>gn<span class="_ _5"/>iet<span class="_ _3"/>’s sha<span class="_ _5"/>res t<span class="_ _5"/>r<span class="_ _5"/>ad<span class="_ _5"/>ed o<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nasdaq Copenhagen i<span class="_ _0"/>n the five trading<span class="_ _0"/> days prior t<span class="_ _0"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e gr<span class="_ _5"/>an<span class="_ _5"/>t da<span class="_ _5"/>te. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e sha<span class="_ _5"/>re p<span class="_ _5"/>ri<span class="_ _5"/>ce at t<span class="_ _5"/>h<span class="_ _5"/>e ti<span class="_ _5"/>me o<span class="_ _5"/>f al<span class="_ _5"/>lo<span class="_ _5"/>ca<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s ex<span class="_ _5"/>pe<span class="_ _5"/>ns<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on a<span class="_ _0"/> straigh<span class="_ _5"/>t-line basis o<span class="_ _0"/>ver the v<span class="_ _0"/>esting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For the R<span class="_ _0"/>SU programme implement<span class="_ _0"/>ed on 13<span class="_ _0"/> April </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023, t<span class="_ _5"/>h<span class="_ _5"/>e ave<span class="_ _5"/>ra<span class="_ _5"/>ge re<span class="_ _5"/>ma<span class="_ _5"/>in<span class="_ _5"/>in<span class="_ _5"/>g te<span class="_ _5"/>rm to ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng f<span class="_ _5"/>or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ou<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>ta<span class="_ _5"/>nd<span class="_ _5"/>in<span class="_ _5"/>g res<span class="_ _5"/>t<span class="_ _5"/>ri<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d sh<span class="_ _5"/>ar<span class="_ _5"/>es a<span class="_ _5"/>t 31 D<span class="_ _5"/>ec<span class="_ _5"/>em<span class="_ _5"/>be<span class="_ _5"/>r wa<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ap<span class="_ _5"/>pr<span class="_ _5"/>ox. 0.<span class="_ _5"/>3 y<span class="_ _5"/>ea<span class="_ _5"/>rs<span class="_ _5"/>. F<span class="_ _5"/>or t<span class="_ _5"/>he R<span class="_ _5"/>SU p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me i<span class="_ _5"/>mp<span class="_ _5"/>le<span class="_ _3"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nte<span class="_ _5"/>d on 2<span class="_ _5"/>2 Ma<span class="_ _5"/>rc<span class="_ _5"/>h 2024, the a<span class="_ _5"/>ver<span class="_ _5"/>ag<span class="_ _5"/>e re<span class="_ _5"/>ma<span class="_ _5"/>in<span class="_ _5"/>in<span class="_ _5"/>g </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ter<span class="_ _5"/>m to ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng f<span class="_ _5"/>or o<span class="_ _5"/>ut<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>an<span class="_ _5"/>di<span class="_ _5"/>ng re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _3"/>ted s<span class="_ _5"/>ha<span class="_ _5"/>res a<span class="_ _5"/>t 3<span class="_ _5"/>1 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>cem<span class="_ _5"/>be<span class="_ _5"/>r wa<span class="_ _5"/>s ap<span class="_ _5"/>p<span class="_ _5"/>rox<span class="_ _5"/>. 1<span class="_ _5"/>.<span class="_ _5"/>3 yea<span class="_ _5"/>r<span class="_ _5"/>s. F<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">implemented on 21<span class="_ _0"/> March 2<span class="_ _0"/>02<span class="_ _0"/>5, the av<span class="_ _0"/>erage remain<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g ter<span class="_ _5"/>m to ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng f<span class="_ _5"/>or o<span class="_ _5"/>ut<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>an<span class="_ _5"/>di<span class="_ _5"/>ng re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _3"/>ted s<span class="_ _5"/>ha<span class="_ _5"/>res </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at 3<span class="_ _5"/>1 De<span class="_ _5"/>ce<span class="_ _5"/>mb<span class="_ _5"/>er w<span class="_ _5"/>as a<span class="_ _5"/>pp<span class="_ _5"/>rox<span class="_ _5"/>. 2<span class="_ _5"/>.3 y<span class="_ _5"/>ea<span class="_ _5"/>rs<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>alu<span class="_ _5"/>e of t<span class="_ _5"/>he R<span class="_ _5"/>SU p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me g<span class="_ _5"/>ra<span class="_ _5"/>n<span class="_ _5"/>ted i<span class="_ _5"/>n 2023 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wa<span class="_ _5"/>s DK<span class="_ _5"/>K 9.6 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n. I<span class="_ _5"/>n 2025 an<span class="_ _5"/>d 2024 resp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>ive<span class="_ _5"/>l<span class="_ _5"/>y, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>al<span class="_ _5"/>ue o<span class="_ _5"/>f th<span class="_ _5"/>e gr<span class="_ _5"/>an<span class="_ _5"/>te<span class="_ _5"/>d RS<span class="_ _5"/>U pro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>m<span class="_ _5"/>e an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share options, det<span class="_ _0"/>ermined through the<span class="_ _0"/> Black-Scholes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mo<span class="_ _5"/>de<span class="_ _5"/>l, w<span class="_ _5"/>ere D<span class="_ _5"/>K<span class="_ _5"/>K 11 m<span class="_ _5"/>il<span class="_ _5"/>lio<span class="_ _5"/>n an<span class="_ _5"/>d D<span class="_ _5"/>KK 1<span class="_ _5"/>0 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2025<span class="_ _5"/>, an ex<span class="_ _5"/>pe<span class="_ _5"/>n<span class="_ _5"/>se of D<span class="_ _5"/>K<span class="_ _5"/>K 8.<span class="_ _5"/>5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n (2024: DK<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">7<span class="_ _1"/>.0 million)<span class="_ _0"/> was rec<span class="_ _0"/>ognised in the<span class="_ _0"/> income statement </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in re<span class="_ _5"/>sp<span class="_ _5"/>ec<span class="_ _3"/>t of t<span class="_ _5"/>he i<span class="_ _5"/>nce<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>ve pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>es<span class="_ _5"/>. Th<span class="_ _5"/>e cos<span class="_ _5"/>t<span class="_ _5"/>s o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e sh<span class="_ _5"/>are p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me<span class="_ _5"/>s ar<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as s<span class="_ _5"/>t<span class="_ _5"/>af<span class="_ _5"/>f c<span class="_ _5"/>os<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cost<span class="_ _5"/>s are<span class="_ _0"/> reversed f<span class="_ _0"/>or participant<span class="_ _5"/>s who voluntarily </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">le<span class="_ _5"/>ave t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up (<span class="_ _5"/>ba<span class="_ _5"/>d le<span class="_ _5"/>ave<span class="_ _5"/>r<span class="_ _5"/>s). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:338.796875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 1104.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Specification of outstanding number of shares related to share-based instruments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.1054px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.63687px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal share-based payments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.641px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Restricted share units</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.81px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Share options</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 19.4043px; width: 52.1016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Executive </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 548.172px; top: 19.4043px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 638.641px; top: 19.4043px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 707.312px; top: 19.4043px; width: 52.1016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Executive </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 812.047px; top: 19.4043px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 902.266px; top: 19.4043px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 972.25px; top: 19.4043px; width: 52.1016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Executive </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1076.3px; top: 19.4043px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1165.92px; top: 19.4043px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 425.531px; top: 32.1387px; width: 67.2773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 522.984px; top: 32.1387px; width: 55.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">employees</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 630.062px; top: 32.1387px; width: 33.6387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 689.578px; top: 32.1387px; width: 67.2773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 786.562px; top: 32.1387px; width: 55.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">employees</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 893.281px; top: 32.1387px; width: 33.6387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 953.266px; top: 32.1387px; width: 67.2773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1049.67px; top: 32.1387px; width: 55.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">employees</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.91px; top: 32.1387px; width: 33.6387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 67.0918px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 85.1699px; width: 1190.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 337.107px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">43,611</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">173,965</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">217,576</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">43,611</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">173,965</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">217,576</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 103.232px; width: 1190.38px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ransferred category</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 367.002px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-7,995</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,995</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-7,995</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,995</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 121.311px; width: 1190.33px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Granted during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.289px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">150,580</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">216,744</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">367,324</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,484</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">151,389</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">183,873</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">118,096</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">183,451</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 139.373px; width: 1190.19px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exercised during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.322px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,565</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,565</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,565</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,565</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 157.451px; width: 1190.23px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Forfeited during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.043px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,982</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-30,919</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-28,937</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,982</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-30,919</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-28,937</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 175.514px; width: 1190.55px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.02px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">188,178</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">362,220</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">550,398</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">70,082</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">296,865</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">366,947</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">118,096</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">183,451</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 206.92px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 224.998px; width: 1190.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 330.48px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">188,178</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">362,220</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">550,398</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">70,082</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">296,865</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">366,947</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">118,096</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">183,451</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 243.061px; width: 1190.33px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Granted during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.289px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">142,174</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">192,448</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">334,622</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,892</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">131,544</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">161,436</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">112,282</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">60,904</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">173,186</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 261.139px; width: 1190.45px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exercised during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,733</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-41,689</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-52,422</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,733</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-41,689</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-52,422</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 279.201px; width: 1190.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Forfeited during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 372.978px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-15,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-15,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-15,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-15,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 297.279px; width: 1190.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.02px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">319,619</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">497,764</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">817,383</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">89,241</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">371,505</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">460,746</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">230,378</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">126,259</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">356,637</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 328.686px; width: 1190.55px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of restricted shares that may be sold or vested at 31 December 2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.842px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:93.96875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.545px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average weighted fair value per option at grant date</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.467px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5.77</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.13</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0449px; width: 251.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average weighted strik</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">e price per option at grant date </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7793px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(options only</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">, not including restricted share units)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 237.135px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">53.78</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">49.55</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.8574px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average price per share at the time of e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xercising the option</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.684px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">50.50</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55.80</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:357.0625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 440.031px; top: 0.0136718px; width: 52.1016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Executive </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 544.812px; top: 0.0136718px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 12.7637px; width: 21.3984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 421.719px; top: 12.7637px; width: 67.2773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 12.7637px; width: 55.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">employees</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 47.7012px; width: 146.373px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024 share option programme</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7793px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Conditional grant</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.625px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.8418px; width: 491.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">esting year (performance year)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.85px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2024- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.984px; top: 83.8418px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2024- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 432.656px; top: 96.5918px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 96.5918px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.67px; width: 491.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exercise period</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.815px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2027- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.984px; top: 114.67px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 432.656px; top: 127.404px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2029</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 127.404px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2029</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 145.482px; width: 287.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">esting conditions, other than service conditions (employment)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 163.545px; width: 573.855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Market price per share</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.815px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12.39</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12.39</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 181.623px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal fair value of awarded share options at measurement date</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.527px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,463,209</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">809,749</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 213.029px; width: 146.373px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025 share option programme</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 231.092px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Conditional grant</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.625px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.17px; width: 491.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">esting year (performance year)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.85px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2025- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.984px; top: 249.17px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2024- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 432.656px; top: 261.92px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2028</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 261.92px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 279.982px; width: 491.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exercise period</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.815px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2028- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.984px; top: 279.982px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 432.656px; top: 292.732px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2030</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 292.732px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2029</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 310.795px; width: 287.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">esting conditions, other than service conditions (employment)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 328.873px; width: 573.855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Market price per share</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.815px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">14.10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">14.10</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 346.951px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal fair value of awarded share options at measurement date</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.527px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,583,176</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">858,746</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _3"/>4<span class="ff48 fc0 lsad wsae"> <span class="_ _5c"> </span>C<span class="_ _5"/>osts including staf<span class="_ _3"/>f<span class="_ _5"/> costs a<span class="_ _5"/>nd remuner<span class="_ _0"/>ation</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:207.65625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 31.5605px; width: 49.9395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Staff costs</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 47.0918px; width: 577.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ages and salaries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 360.058px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">330,645</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 265,441 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 62.6074px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Hereof capitalised wages and salaries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,892</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-3,850 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 78.123px; width: 577.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Defined contribution pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 294.387px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,918</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 19,724 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 93.6387px; width: 576.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other social security costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,553</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 9,753 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 109.154px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,526</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6,969 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 124.686px; width: 576.615px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 424.039px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">359,750</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 298,037 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 150.982px; width: 190.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Statement of profit or loss classification:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 166.498px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Hourly workers recognized as cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 258.035px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">56,728</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,486</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 182.014px; width: 573.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Salaried employees recognized as staff costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.863px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">303,022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">265,551</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 197.545px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 424.039px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">359,750</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">298.037</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:25.640625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average number of full-time employees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 288.832px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="letter-spacing: 0px; word-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);">471</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="letter-spacing: 0px; word-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);">398</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 15.5293px; width: 573.82px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of full-time employees at year-end</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 273.621px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">508</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">434</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:517.734375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 539.748px; white-space: pre; word-spacing: -0.2025px; letter-spacing: 0.2025px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Ke</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">y management personnel is</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> defined as the Executive Management, and disclos</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ures are</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> provided below</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">.</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 23.7949px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 55.3418px; width: 168.949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remuneration of Board of Directors</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.8574px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Base salary and non-monetary benefits</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.299px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,350</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,350 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 86.373px; width: 576.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,350</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,350 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 112.67px; width: 193.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remuneration of Ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ecutive Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 128.201px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Base salary and non-monetary benefits</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.299px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,173</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7,712 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.717px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.375px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,919</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,083 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 159.232px; width: 576.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,334</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,581 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 174.748px; width: 574.131px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.043px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,426</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,376</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 201.061px; width: 163.254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other Key management P</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ersonnel</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 216.576px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Base salary and non-monetary benefits</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.299px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,390</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5,222 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 232.092px; width: 576.422px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Defined contribution pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 309.357px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">186</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 178 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 247.607px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.375px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,136</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,931 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 263.123px; width: 576.422px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,413</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 970 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 278.654px; width: 576.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,125</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 8,301 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 310.107px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.654px; width: 193.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remuneration of Ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ecutive Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 357.17px; width: 205.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Martin-Ravn Nielsen (CEO from May 2020):</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 372.686px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Salary</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 433.249px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,122</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,822 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 388.217px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.375px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,212</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,106 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 403.732px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,684</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,309 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 419.248px; width: 576.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 436.939px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,018</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 8,237 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 445.545px; width: 239.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Allan Auning-Hansen (CFO from November 2023):</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 461.076px; width: 576.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Salary</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 433.249px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,051</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,890 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 476.592px; width: 576.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 440.7px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">707</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 977 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 492.107px; width: 576.422px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share-based remuneration</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.432px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">650</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 272 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 507.623px; width: 576.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 436.939px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,408</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,139 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The long-term incentive<span class="_ _0"/> programme is described in<span class="_ _0"/> Note 2.5.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _5"/>5<span class="ff48 fc0 lsb5 wsbb"> <span class="_ _5c"> </span>S<span class="_ _5"/>hare<span class="_ _5"/>-bas<span class="_ _5"/>ed<span class="_ _5"/> pay<span class="_ _5"/>ments</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share-<span class="_ _5"/>based payments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">We<span class="_ _0"/> have established two share-based incentive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sch<span class="_ _5"/>em<span class="_ _5"/>es<span class="_ _5"/>, Re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _5"/>t<span class="_ _5"/>ed s<span class="_ _5"/>ha<span class="_ _5"/>re un<span class="_ _5"/>it<span class="_ _5"/>s a<span class="_ _5"/>nd S<span class="_ _5"/>ha<span class="_ _5"/>re o<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>ns<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Both of<span class="_ _0"/> the share-<span class="_ _5"/>based incentive<span class="_ _0"/> schemes are<span class="_ _0"/> classi<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f<span class="_ _5"/>ie<span class="_ _5"/>d as e<span class="_ _5"/>qu<span class="_ _5"/>it<span class="_ _3"/>y ba<span class="_ _5"/>se<span class="_ _5"/>d, a<span class="_ _5"/>s th<span class="_ _5"/>ey se<span class="_ _5"/>t<span class="_ _5"/>t<span class="_ _5"/>le i<span class="_ _5"/>n sh<span class="_ _5"/>are<span class="_ _5"/>s<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Restricted share units</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In acc<span class="_ _0"/>ordance with the Company's<span class="_ _0"/> remuneration poli<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cy,<span class="_ _0"/> individual members of the Executive<span class="_ _0"/> Management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>icipate in<span class="_ _0"/> long-term incentive programmes.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The programme,<span class="_ _0"/> fir<span class="_ _5"/>st implemented in<span class="_ _0"/> November </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2020, con<span class="_ _5"/>si<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s of re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _5"/>t<span class="_ _5"/>ed s<span class="_ _5"/>ha<span class="_ _5"/>re un<span class="_ _5"/>it<span class="_ _5"/>s (<span class="_ _5"/>R<span class="_ _5"/>SU<span class="_ _5"/>s). Pa<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>ic<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ipants in the RSU<span class="_ _0"/> programme are<span class="_ _0"/> granted RSUs<span class="_ _0"/> which</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">upon vesting entitle each<span class="_ _0"/> par<span class="_ _5"/>ticipant to<span class="_ _0"/> receive,<span class="_ _0"/> free </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of ch<span class="_ _5"/>ar<span class="_ _5"/>ge, a n<span class="_ _5"/>um<span class="_ _5"/>b<span class="_ _5"/>er of s<span class="_ _5"/>ha<span class="_ _5"/>re<span class="_ _5"/>s in t<span class="_ _5"/>he C<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny e<span class="_ _5"/>qu<span class="_ _5"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to t<span class="_ _5"/>he nu<span class="_ _5"/>mb<span class="_ _5"/>e<span class="_ _5"/>r of RS<span class="_ _5"/>Us v<span class="_ _5"/>es<span class="_ _5"/>te<span class="_ _5"/>d, a<span class="_ _5"/>s de<span class="_ _5"/>sc<span class="_ _5"/>ri<span class="_ _5"/>be<span class="_ _5"/>d be<span class="_ _5"/>lo<span class="_ _5"/>w.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">RS<span class="_ _5"/>U pro<span class="_ _5"/>gr<span class="_ _5"/>a<span class="_ _5"/>mm<span class="_ _5"/>es ha<span class="_ _5"/>ve a ve<span class="_ _5"/>st<span class="_ _5"/>i<span class="_ _5"/>ng p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d of t<span class="_ _5"/>hr<span class="_ _5"/>ee </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">years. V<span class="_ _0"/>esting is not<span class="_ _0"/> conditional upon achi<span class="_ _0"/>eving any </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial or non-f<span class="_ _5"/>inancial targets, but is<span class="_ _0"/> however<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">conditional upon<span class="_ _0"/>:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. <span class="_ _1a0"> </span><span class="ls4 ws3">the participant remaining employ<span class="_ _0"/>ed with the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p fo<span class="_ _5"/>r a pe<span class="_ _5"/>ri<span class="_ _5"/>od of t<span class="_ _5"/>h<span class="_ _5"/>ree y<span class="_ _5"/>ea<span class="_ _5"/>rs f<span class="_ _5"/>ro<span class="_ _5"/>m th<span class="_ _5"/>e da<span class="_ _5"/>te o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">grant, or the participant becoming a<span class="_ _0"/> good leaver<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">du<span class="_ _5"/>ri<span class="_ _5"/>ng t<span class="_ _5"/>he ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng p<span class="_ _5"/>e<span class="_ _5"/>rio<span class="_ _5"/>d<span class="_ _5"/>, in w<span class="_ _5"/>hi<span class="_ _5"/>ch c<span class="_ _5"/>as<span class="_ _5"/>e on<span class="_ _5"/>ly a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">proport<span class="_ _5"/>ionate<span class="_ _0"/> por<span class="_ _5"/>tion of<span class="_ _0"/> RSUs will<span class="_ _0"/> vest and</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. <span class="_ _5c"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the participant having c<span class="_ _0"/>omplied in all<span class="_ _0"/> respect<span class="_ _5"/>s with</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the general<span class="_ _0"/> terms and<span class="_ _0"/> conditions as<span class="_ _0"/> determined </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by t<span class="_ _5"/>he B<span class="_ _5"/>oa<span class="_ _5"/>rd of D<span class="_ _5"/>ir<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>or<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Members of the Executive<span class="_ _0"/> Management are granted<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>icipation in<span class="_ _0"/> the long-term share-<span class="_ _5"/>based incentive<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">programmes as an<span class="_ _0"/> element of<span class="_ _0"/> remuneration as inc<span class="_ _0"/>en<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>ve f<span class="_ _5"/>or t<span class="_ _5"/>he E<span class="_ _5"/>xe<span class="_ _5"/>cu<span class="_ _5"/>t<span class="_ _5"/>ive M<span class="_ _5"/>a<span class="_ _5"/>na<span class="_ _5"/>ge<span class="_ _5"/>me<span class="_ _5"/>nt to r<span class="_ _5"/>em<span class="_ _5"/>ai<span class="_ _5"/>n foc<span class="_ _5"/>us<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on value<span class="_ _0"/> creation and achie<span class="_ _0"/>vement of<span class="_ _0"/> the Company's </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">long-term objectives. As determined<span class="_ _0"/> by the Boar<span class="_ _0"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of D<span class="_ _5"/>ire<span class="_ _5"/>c<span class="_ _5"/>to<span class="_ _5"/>r<span class="_ _5"/>s, a s<span class="_ _5"/>el<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>ed n<span class="_ _5"/>um<span class="_ _5"/>be<span class="_ _5"/>r of e<span class="_ _5"/>mp<span class="_ _5"/>loy<span class="_ _5"/>ee<span class="_ _5"/>s of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company in<span class="_ _0"/> key<span class="_ _0"/> positions may also<span class="_ _0"/> be eligible to<span class="_ _0"/> par<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ticipate in<span class="_ _0"/> long-<span class="_ _5"/>term inc<span class="_ _0"/>entive programmes on<span class="_ _0"/> terms </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">similar to<span class="_ _0"/> those of<span class="_ _0"/> the Executive Management. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e 2025 RS<span class="_ _5"/>U pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>e, t<span class="_ _5"/>he g<span class="_ _5"/>ra<span class="_ _5"/>nt p<span class="_ _5"/>ri<span class="_ _5"/>ce of e<span class="_ _5"/>ac<span class="_ _5"/>h</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sh<span class="_ _5"/>are u<span class="_ _5"/>ni<span class="_ _5"/>t co<span class="_ _5"/>rre<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>d<span class="_ _5"/>s to th<span class="_ _5"/>e vo<span class="_ _5"/>lu<span class="_ _5"/>me we<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _5"/>ed av<span class="_ _5"/>er-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">age share<span class="_ _0"/> price<span class="_ _0"/> of HusCompagniet’s<span class="_ _0"/> shares<span class="_ _0"/> traded </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on N<span class="_ _5"/>as<span class="_ _5"/>da<span class="_ _5"/>q Co<span class="_ _5"/>p<span class="_ _5"/>enh<span class="_ _5"/>ag<span class="_ _5"/>en i<span class="_ _5"/>n t<span class="_ _5"/>he p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d fr<span class="_ _5"/>om 1<span class="_ _5"/>0 M<span class="_ _5"/>arc<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2025 un<span class="_ _5"/>ti<span class="_ _5"/>l 14 M<span class="_ _5"/>ar<span class="_ _5"/>ch 2025 (2024: 11 M<span class="_ _5"/>a<span class="_ _5"/>rch 2024 un<span class="_ _5"/>ti<span class="_ _5"/>l </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">15 M<span class="_ _5"/>ar<span class="_ _5"/>ch 2024).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share option incentive<span class="_ _0"/> scheme</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In<span class="_ _5"/>tr<span class="_ _5"/>od<span class="_ _5"/>uc<span class="_ _5"/>ed i<span class="_ _5"/>n 2024 and co<span class="_ _5"/>nt<span class="_ _5"/>in<span class="_ _5"/>ue<span class="_ _5"/>d in 2025<span class="_ _5"/>, a sh<span class="_ _5"/>are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>nce<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>ve s<span class="_ _5"/>che<span class="_ _5"/>me i<span class="_ _5"/>s gr<span class="_ _5"/>a<span class="_ _5"/>nte<span class="_ _5"/>d to t<span class="_ _5"/>he E<span class="_ _5"/>xe<span class="_ _5"/>cu<span class="_ _5"/>t<span class="_ _5"/>ive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management and other<span class="_ _0"/> key<span class="_ _0"/> employees. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Part<span class="_ _5"/>icipants of the<span class="_ _0"/> share option inc<span class="_ _0"/>entive scheme </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are upon<span class="_ _0"/> exercise<span class="_ _0"/> granted shares<span class="_ _0"/> in the<span class="_ _0"/> Company </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eq<span class="_ _5"/>ui<span class="_ _5"/>va<span class="_ _5"/>le<span class="_ _5"/>nt t<span class="_ _5"/>o th<span class="_ _5"/>e nu<span class="_ _5"/>mb<span class="_ _5"/>er o<span class="_ _5"/>f ves<span class="_ _5"/>te<span class="_ _5"/>d sh<span class="_ _5"/>ar<span class="_ _5"/>e op<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>s at a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f<span class="_ _5"/>ixe<span class="_ _5"/>d exe<span class="_ _5"/>rci<span class="_ _5"/>se p<span class="_ _5"/>r<span class="_ _5"/>ice.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e sha<span class="_ _5"/>re o<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>e w<span class="_ _5"/>ill v<span class="_ _5"/>es<span class="_ _5"/>t ove<span class="_ _5"/>r a t<span class="_ _5"/>hre<span class="_ _5"/>e<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">yea<span class="_ _5"/>r ves<span class="_ _5"/>t<span class="_ _5"/>in<span class="_ _5"/>g p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d. Ves<span class="_ _5"/>ti<span class="_ _5"/>ng i<span class="_ _5"/>s no<span class="_ _5"/>t co<span class="_ _5"/>nd<span class="_ _5"/>it<span class="_ _5"/>io<span class="_ _5"/>na<span class="_ _5"/>l up<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">achieving any<span class="_ _0"/> financial or non-f<span class="_ _5"/>inancial targets, but is,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">howev<span class="_ _0"/>er<span class="_ _0"/>, conditional<span class="_ _0"/> upon:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. <span class="_ _1a0"> </span><span class="ls4 ws3">the participant remaining employ<span class="_ _0"/>ed with the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p fo<span class="_ _5"/>r a pe<span class="_ _5"/>ri<span class="_ _5"/>od of t<span class="_ _5"/>h<span class="_ _5"/>ree y<span class="_ _5"/>ea<span class="_ _5"/>rs f<span class="_ _5"/>ro<span class="_ _5"/>m th<span class="_ _5"/>e da<span class="_ _5"/>te o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">grant, or the participant becoming a<span class="_ _0"/> good leaver<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">du<span class="_ _5"/>ri<span class="_ _5"/>ng t<span class="_ _5"/>he ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng p<span class="_ _5"/>e<span class="_ _5"/>rio<span class="_ _5"/>d i<span class="_ _5"/>n wh<span class="_ _5"/>ic<span class="_ _5"/>h ca<span class="_ _5"/>se o<span class="_ _5"/>nl<span class="_ _5"/>y a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">proport<span class="_ _5"/>ionate<span class="_ _0"/> por<span class="_ _5"/>tion of<span class="_ _0"/> the share-opt<span class="_ _5"/>ions will<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ves<span class="_ _5"/>t a<span class="_ _5"/>nd</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. <span class="_ _5c"> </span><span class="ls4 ws3">the participant having c<span class="_ _0"/>omplied in all<span class="_ _0"/> respect<span class="_ _5"/>s with </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the general<span class="_ _0"/> terms and<span class="_ _0"/> conditions as<span class="_ _0"/> determined </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by t<span class="_ _5"/>he B<span class="_ _5"/>oa<span class="_ _5"/>rd of D<span class="_ _5"/>ir<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>or<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Up<span class="_ _5"/>on v<span class="_ _5"/>es<span class="_ _5"/>ti<span class="_ _5"/>ng<span class="_ _5"/>, t<span class="_ _5"/>he s<span class="_ _5"/>ha<span class="_ _5"/>re op<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>ns m<span class="_ _5"/>ay be e<span class="_ _5"/>xer<span class="_ _5"/>cis<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fro<span class="_ _5"/>m t<span class="_ _5"/>he d<span class="_ _5"/>ay af<span class="_ _3"/>ter t<span class="_ _5"/>h<span class="_ _5"/>e pu<span class="_ _5"/>bl<span class="_ _5"/>ic<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n of t<span class="_ _5"/>he C<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny<span class="_ _5"/>’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">annual report for 2<span class="_ _0"/>02<span class="_ _0"/>7 until four<span class="_ _0"/> weeks after the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">publication of the<span class="_ _0"/> Company’s annual<span class="_ _0"/> repor<span class="_ _5"/>t for<span class="_ _0"/> 202<span class="_ _0"/>9 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(20<span class="_ _0"/>24<span class="_ _0"/>: annual<span class="_ _0"/> repor<span class="_ _5"/>t 2<span class="_ _0"/>026<span class="_ _0"/> until four<span class="_ _0"/> weeks after the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">publication of the<span class="_ _0"/> Company’s annual<span class="_ _0"/> repor<span class="_ _5"/>t for<span class="_ _0"/> 202<span class="_ _0"/>8). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e 2025 sh<span class="_ _5"/>are o<span class="_ _5"/>p<span class="_ _5"/>ti<span class="_ _5"/>on p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me, t<span class="_ _5"/>h<span class="_ _5"/>e gr<span class="_ _5"/>an<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pr<span class="_ _5"/>ice o<span class="_ _5"/>f ea<span class="_ _5"/>ch s<span class="_ _5"/>har<span class="_ _5"/>e op<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s de<span class="_ _5"/>te<span class="_ _5"/>rm<span class="_ _5"/>in<span class="_ _5"/>ed t<span class="_ _5"/>hr<span class="_ _5"/>ou<span class="_ _5"/>gh t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Black-Scholes model<span class="_ _0"/> based on the<span class="_ _0"/> volume weight<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed av<span class="_ _5"/>er<span class="_ _5"/>ag<span class="_ _5"/>e sh<span class="_ _5"/>are p<span class="_ _5"/>ri<span class="_ _5"/>ce of H<span class="_ _5"/>u<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>gn<span class="_ _5"/>ie<span class="_ _5"/>t<span class="_ _5"/>’s sha<span class="_ _5"/>re<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">traded on Nasdaq<span class="_ _0"/> Copenhagen in<span class="_ _0"/> the period from<span class="_ _0"/> 10 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ma<span class="_ _5"/>rch 2<span class="_ _5"/>025 unt<span class="_ _5"/>i<span class="_ _5"/>l 14 M<span class="_ _5"/>arc<span class="_ _5"/>h 2025.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e exer<span class="_ _5"/>ci<span class="_ _5"/>se p<span class="_ _5"/>ric<span class="_ _5"/>e of ea<span class="_ _5"/>ch s<span class="_ _5"/>ha<span class="_ _5"/>re o<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n cor<span class="_ _5"/>re<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>ds </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to 11<span class="_ _5"/>0<span class="_ _5"/>% of t<span class="_ _5"/>he vo<span class="_ _5"/>lu<span class="_ _5"/>me w<span class="_ _5"/>ei<span class="_ _5"/>gh<span class="_ _5"/>ted a<span class="_ _5"/>ver<span class="_ _5"/>ag<span class="_ _5"/>e sh<span class="_ _5"/>ar<span class="_ _5"/>e pr<span class="_ _5"/>ice </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of HusCompagniet’<span class="_ _0"/>s shares<span class="_ _0"/> traded on Nasdaq<span class="_ _0"/> Co<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>nh<span class="_ _5"/>ag<span class="_ _5"/>en i<span class="_ _5"/>n th<span class="_ _5"/>e pe<span class="_ _5"/>ri<span class="_ _5"/>od f<span class="_ _5"/>ro<span class="_ _5"/>m 1<span class="_ _5"/>0 Ma<span class="_ _5"/>rch 2025 u<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>l 14 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ma<span class="_ _5"/>rch 2<span class="_ _5"/>025.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e 2024 sha<span class="_ _5"/>re op<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n pro<span class="_ _5"/>g<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>e, th<span class="_ _5"/>e gr<span class="_ _5"/>an<span class="_ _5"/>t p<span class="_ _5"/>ri<span class="_ _5"/>ce </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of each<span class="_ _0"/> share option<span class="_ _0"/> was determined through<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Black-Scholes model<span class="_ _0"/> based on the<span class="_ _0"/> volume weight<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed av<span class="_ _5"/>er<span class="_ _5"/>ag<span class="_ _5"/>e sh<span class="_ _5"/>are p<span class="_ _5"/>ri<span class="_ _5"/>ce of H<span class="_ _5"/>u<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>gn<span class="_ _5"/>ie<span class="_ _5"/>t<span class="_ _5"/>’s sha<span class="_ _5"/>re<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">traded on Nasdaq<span class="_ _0"/> Copenhagen in<span class="_ _0"/> the period from<span class="_ _0"/> 11 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ma<span class="_ _5"/>rch 2<span class="_ _5"/>024 unt<span class="_ _5"/>il 1<span class="_ _5"/>5 Ma<span class="_ _5"/>rch 2<span class="_ _5"/>024.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e exer<span class="_ _5"/>ci<span class="_ _5"/>se p<span class="_ _5"/>ric<span class="_ _5"/>e of ea<span class="_ _5"/>ch s<span class="_ _5"/>ha<span class="_ _5"/>re o<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n cor<span class="_ _5"/>re<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>ds </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to 11<span class="_ _5"/>0<span class="_ _5"/>% of t<span class="_ _5"/>he vo<span class="_ _5"/>lu<span class="_ _5"/>me w<span class="_ _5"/>ei<span class="_ _5"/>gh<span class="_ _5"/>ted a<span class="_ _5"/>ver<span class="_ _5"/>ag<span class="_ _5"/>e sh<span class="_ _5"/>ar<span class="_ _5"/>e pr<span class="_ _5"/>ice </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of HusCompagniet’<span class="_ _0"/>s shares<span class="_ _0"/> traded on Nasdaq<span class="_ _0"/> Copen<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ha<span class="_ _5"/>ge<span class="_ _5"/>n in t<span class="_ _5"/>he p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d fr<span class="_ _5"/>om 1<span class="_ _5"/>1 Ma<span class="_ _5"/>rc<span class="_ _5"/>h 2024 unt<span class="_ _5"/>il 1<span class="_ _5"/>5 Ma<span class="_ _5"/>rc<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">20<span class="_ _5"/>24.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair<span class="_ _0"/> value measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e RS<span class="_ _5"/>U pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>es i<span class="_ _5"/>ss<span class="_ _5"/>ue<span class="_ _5"/>d in 202<span class="_ _5"/>3, t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>asu<span class="_ _5"/>re<span class="_ _5"/>s sh<span class="_ _5"/>are<span class="_ _3"/>-<span class="_ _5"/>ba<span class="_ _5"/>se<span class="_ _5"/>d pay<span class="_ _5"/>me<span class="_ _5"/>n<span class="_ _5"/>t<span class="_ _5"/>s at f<span class="_ _5"/>ai<span class="_ _5"/>r va<span class="_ _5"/>lu<span class="_ _5"/>e at t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gr<span class="_ _5"/>an<span class="_ _5"/>t da<span class="_ _5"/>te. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e RS<span class="_ _5"/>U pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>e is<span class="_ _5"/>su<span class="_ _5"/>ed i<span class="_ _5"/>n 2024 and 2025<span class="_ _5"/>, th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gr<span class="_ _5"/>an<span class="_ _5"/>t<span class="_ _5"/>s are b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n t<span class="_ _5"/>he vo<span class="_ _5"/>lu<span class="_ _5"/>me w<span class="_ _5"/>ei<span class="_ _5"/>gh<span class="_ _5"/>ted a<span class="_ _5"/>ver<span class="_ _5"/>ag<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sh<span class="_ _5"/>are p<span class="_ _5"/>ri<span class="_ _5"/>ce of H<span class="_ _5"/>u<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>gn<span class="_ _5"/>iet<span class="_ _3"/>’s sha<span class="_ _5"/>res t<span class="_ _5"/>r<span class="_ _5"/>ad<span class="_ _5"/>ed o<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nasdaq Copenhagen i<span class="_ _0"/>n the five trading<span class="_ _0"/> days prior t<span class="_ _0"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e gr<span class="_ _5"/>an<span class="_ _5"/>t da<span class="_ _5"/>te. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e sha<span class="_ _5"/>re p<span class="_ _5"/>ri<span class="_ _5"/>ce at t<span class="_ _5"/>h<span class="_ _5"/>e ti<span class="_ _5"/>me o<span class="_ _5"/>f al<span class="_ _5"/>lo<span class="_ _5"/>ca<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s ex<span class="_ _5"/>pe<span class="_ _5"/>ns<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on a<span class="_ _0"/> straigh<span class="_ _5"/>t-line basis o<span class="_ _0"/>ver the v<span class="_ _0"/>esting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For the R<span class="_ _0"/>SU programme implement<span class="_ _0"/>ed on 13<span class="_ _0"/> April </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023, t<span class="_ _5"/>h<span class="_ _5"/>e ave<span class="_ _5"/>ra<span class="_ _5"/>ge re<span class="_ _5"/>ma<span class="_ _5"/>in<span class="_ _5"/>in<span class="_ _5"/>g te<span class="_ _5"/>rm to ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng f<span class="_ _5"/>or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ou<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>ta<span class="_ _5"/>nd<span class="_ _5"/>in<span class="_ _5"/>g res<span class="_ _5"/>t<span class="_ _5"/>ri<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d sh<span class="_ _5"/>ar<span class="_ _5"/>es a<span class="_ _5"/>t 31 D<span class="_ _5"/>ec<span class="_ _5"/>em<span class="_ _5"/>be<span class="_ _5"/>r wa<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ap<span class="_ _5"/>pr<span class="_ _5"/>ox. 0.<span class="_ _5"/>3 y<span class="_ _5"/>ea<span class="_ _5"/>rs<span class="_ _5"/>. F<span class="_ _5"/>or t<span class="_ _5"/>he R<span class="_ _5"/>SU p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me i<span class="_ _5"/>mp<span class="_ _5"/>le<span class="_ _3"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nte<span class="_ _5"/>d on 2<span class="_ _5"/>2 Ma<span class="_ _5"/>rc<span class="_ _5"/>h 2024, the a<span class="_ _5"/>ver<span class="_ _5"/>ag<span class="_ _5"/>e re<span class="_ _5"/>ma<span class="_ _5"/>in<span class="_ _5"/>in<span class="_ _5"/>g </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ter<span class="_ _5"/>m to ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng f<span class="_ _5"/>or o<span class="_ _5"/>ut<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>an<span class="_ _5"/>di<span class="_ _5"/>ng re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _3"/>ted s<span class="_ _5"/>ha<span class="_ _5"/>res a<span class="_ _5"/>t 3<span class="_ _5"/>1 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>cem<span class="_ _5"/>be<span class="_ _5"/>r wa<span class="_ _5"/>s ap<span class="_ _5"/>p<span class="_ _5"/>rox<span class="_ _5"/>. 1<span class="_ _5"/>.<span class="_ _5"/>3 yea<span class="_ _5"/>r<span class="_ _5"/>s. F<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">implemented on 21<span class="_ _0"/> March 2<span class="_ _0"/>02<span class="_ _0"/>5, the av<span class="_ _0"/>erage remain<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g ter<span class="_ _5"/>m to ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng f<span class="_ _5"/>or o<span class="_ _5"/>ut<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>an<span class="_ _5"/>di<span class="_ _5"/>ng re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _3"/>ted s<span class="_ _5"/>ha<span class="_ _5"/>res </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at 3<span class="_ _5"/>1 De<span class="_ _5"/>ce<span class="_ _5"/>mb<span class="_ _5"/>er w<span class="_ _5"/>as a<span class="_ _5"/>pp<span class="_ _5"/>rox<span class="_ _5"/>. 2<span class="_ _5"/>.3 y<span class="_ _5"/>ea<span class="_ _5"/>rs<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>alu<span class="_ _5"/>e of t<span class="_ _5"/>he R<span class="_ _5"/>SU p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me g<span class="_ _5"/>ra<span class="_ _5"/>n<span class="_ _5"/>ted i<span class="_ _5"/>n 2023 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wa<span class="_ _5"/>s DK<span class="_ _5"/>K 9.6 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n. I<span class="_ _5"/>n 2025 an<span class="_ _5"/>d 2024 resp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>ive<span class="_ _5"/>l<span class="_ _5"/>y, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>al<span class="_ _5"/>ue o<span class="_ _5"/>f th<span class="_ _5"/>e gr<span class="_ _5"/>an<span class="_ _5"/>te<span class="_ _5"/>d RS<span class="_ _5"/>U pro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>m<span class="_ _5"/>e an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share options, det<span class="_ _0"/>ermined through the<span class="_ _0"/> Black-Scholes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mo<span class="_ _5"/>de<span class="_ _5"/>l, w<span class="_ _5"/>ere D<span class="_ _5"/>K<span class="_ _5"/>K 11 m<span class="_ _5"/>il<span class="_ _5"/>lio<span class="_ _5"/>n an<span class="_ _5"/>d D<span class="_ _5"/>KK 1<span class="_ _5"/>0 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2025<span class="_ _5"/>, an ex<span class="_ _5"/>pe<span class="_ _5"/>n<span class="_ _5"/>se of D<span class="_ _5"/>K<span class="_ _5"/>K 8.<span class="_ _5"/>5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n (2024: DK<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">7<span class="_ _1"/>.0 million)<span class="_ _0"/> was rec<span class="_ _0"/>ognised in the<span class="_ _0"/> income statement </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in re<span class="_ _5"/>sp<span class="_ _5"/>ec<span class="_ _3"/>t of t<span class="_ _5"/>he i<span class="_ _5"/>nce<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>ve pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>es<span class="_ _5"/>. Th<span class="_ _5"/>e cos<span class="_ _5"/>t<span class="_ _5"/>s o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e sh<span class="_ _5"/>are p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me<span class="_ _5"/>s ar<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as s<span class="_ _5"/>t<span class="_ _5"/>af<span class="_ _5"/>f c<span class="_ _5"/>os<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cost<span class="_ _5"/>s are<span class="_ _0"/> reversed f<span class="_ _0"/>or participant<span class="_ _5"/>s who voluntarily </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">le<span class="_ _5"/>ave t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up (<span class="_ _5"/>ba<span class="_ _5"/>d le<span class="_ _5"/>ave<span class="_ _5"/>r<span class="_ _5"/>s). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:338.796875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 1104.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Specification of outstanding number of shares related to share-based instruments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.1054px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.63687px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal share-based payments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.641px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Restricted share units</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.81px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Share options</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 19.4043px; width: 52.1016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Executive </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 548.172px; top: 19.4043px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 638.641px; top: 19.4043px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 707.312px; top: 19.4043px; width: 52.1016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Executive </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 812.047px; top: 19.4043px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 902.266px; top: 19.4043px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 972.25px; top: 19.4043px; width: 52.1016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Executive </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1076.3px; top: 19.4043px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1165.92px; top: 19.4043px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 425.531px; top: 32.1387px; width: 67.2773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 522.984px; top: 32.1387px; width: 55.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">employees</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 630.062px; top: 32.1387px; width: 33.6387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 689.578px; top: 32.1387px; width: 67.2773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 786.562px; top: 32.1387px; width: 55.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">employees</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 893.281px; top: 32.1387px; width: 33.6387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 953.266px; top: 32.1387px; width: 67.2773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1049.67px; top: 32.1387px; width: 55.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">employees</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.91px; top: 32.1387px; width: 33.6387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 67.0918px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 85.1699px; width: 1190.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 337.107px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">43,611</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">173,965</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">217,576</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">43,611</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">173,965</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">217,576</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 103.232px; width: 1190.38px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ransferred category</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 367.002px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-7,995</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,995</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-7,995</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,995</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 121.311px; width: 1190.33px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Granted during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.289px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">150,580</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">216,744</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">367,324</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,484</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">151,389</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">183,873</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">118,096</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">183,451</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 139.373px; width: 1190.19px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exercised during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.322px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,565</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,565</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,565</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,565</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 157.451px; width: 1190.23px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Forfeited during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.043px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,982</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-30,919</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-28,937</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,982</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-30,919</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-28,937</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 175.514px; width: 1190.55px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.02px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">188,178</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">362,220</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">550,398</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">70,082</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">296,865</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">366,947</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">118,096</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">183,451</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 206.92px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 224.998px; width: 1190.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 330.48px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">188,178</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">362,220</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">550,398</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">70,082</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">296,865</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">366,947</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">118,096</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">183,451</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 243.061px; width: 1190.33px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Granted during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.289px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">142,174</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">192,448</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">334,622</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,892</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">131,544</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">161,436</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">112,282</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">60,904</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">173,186</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 261.139px; width: 1190.45px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exercised during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,733</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-41,689</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-52,422</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,733</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-41,689</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-52,422</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 279.201px; width: 1190.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Forfeited during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 372.978px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-15,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-15,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-15,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-15,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 297.279px; width: 1190.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.02px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">319,619</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">497,764</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">817,383</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">89,241</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">371,505</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">460,746</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">230,378</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">126,259</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">356,637</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 328.686px; width: 1190.55px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of restricted shares that may be sold or vested at 31 December 2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.842px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:93.96875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.545px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average weighted fair value per option at grant date</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.467px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5.77</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.13</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0449px; width: 251.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average weighted strik</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">e price per option at grant date </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7793px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(options only</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">, not including restricted share units)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 237.135px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">53.78</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">49.55</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.8574px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average price per share at the time of e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xercising the option</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.684px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">50.50</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55.80</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:357.0625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 440.031px; top: 0.0136718px; width: 52.1016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Executive </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 544.812px; top: 0.0136718px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 12.7637px; width: 21.3984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 421.719px; top: 12.7637px; width: 67.2773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 12.7637px; width: 55.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">employees</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 47.7012px; width: 146.373px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024 share option programme</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7793px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Conditional grant</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.625px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.8418px; width: 491.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">esting year (performance year)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.85px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2024- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.984px; top: 83.8418px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2024- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 432.656px; top: 96.5918px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 96.5918px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.67px; width: 491.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exercise period</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.815px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2027- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.984px; top: 114.67px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 432.656px; top: 127.404px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2029</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 127.404px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2029</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 145.482px; width: 287.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">esting conditions, other than service conditions (employment)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 163.545px; width: 573.855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Market price per share</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.815px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12.39</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12.39</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 181.623px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal fair value of awarded share options at measurement date</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.527px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,463,209</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">809,749</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 213.029px; width: 146.373px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025 share option programme</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 231.092px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Conditional grant</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.625px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.17px; width: 491.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">esting year (performance year)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.85px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2025- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.984px; top: 249.17px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2024- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 432.656px; top: 261.92px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2028</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 261.92px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 279.982px; width: 491.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exercise period</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.815px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2028- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.984px; top: 279.982px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 432.656px; top: 292.732px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2030</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 292.732px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2029</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 310.795px; width: 287.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">esting conditions, other than service conditions (employment)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 328.873px; width: 573.855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Market price per share</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.815px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">14.10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">14.10</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 346.951px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal fair value of awarded share options at measurement date</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.527px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,583,176</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">858,746</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _5"/>5<span class="ff48 fc0 lsb5 wsbb"> <span class="_ _5c"> </span>S<span class="_ _5"/>hare<span class="_ _5"/>-bas<span class="_ _5"/>ed<span class="_ _5"/> pay<span class="_ _5"/>ments</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share-<span class="_ _5"/>based payments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">We<span class="_ _0"/> have established two share-based incentive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sch<span class="_ _5"/>em<span class="_ _5"/>es<span class="_ _5"/>, Re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _5"/>t<span class="_ _5"/>ed s<span class="_ _5"/>ha<span class="_ _5"/>re un<span class="_ _5"/>it<span class="_ _5"/>s a<span class="_ _5"/>nd S<span class="_ _5"/>ha<span class="_ _5"/>re o<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>ns<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Both of<span class="_ _0"/> the share-<span class="_ _5"/>based incentive<span class="_ _0"/> schemes are<span class="_ _0"/> classi<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f<span class="_ _5"/>ie<span class="_ _5"/>d as e<span class="_ _5"/>qu<span class="_ _5"/>it<span class="_ _3"/>y ba<span class="_ _5"/>se<span class="_ _5"/>d, a<span class="_ _5"/>s th<span class="_ _5"/>ey se<span class="_ _5"/>t<span class="_ _5"/>t<span class="_ _5"/>le i<span class="_ _5"/>n sh<span class="_ _5"/>are<span class="_ _5"/>s<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Restricted share units</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In acc<span class="_ _0"/>ordance with the Company's<span class="_ _0"/> remuneration poli<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cy,<span class="_ _0"/> individual members of the Executive<span class="_ _0"/> Management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>icipate in<span class="_ _0"/> long-term incentive programmes.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The programme,<span class="_ _0"/> fir<span class="_ _5"/>st implemented in<span class="_ _0"/> November </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2020, con<span class="_ _5"/>si<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s of re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _5"/>t<span class="_ _5"/>ed s<span class="_ _5"/>ha<span class="_ _5"/>re un<span class="_ _5"/>it<span class="_ _5"/>s (<span class="_ _5"/>R<span class="_ _5"/>SU<span class="_ _5"/>s). Pa<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>ic<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ipants in the RSU<span class="_ _0"/> programme are<span class="_ _0"/> granted RSUs<span class="_ _0"/> which</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">upon vesting entitle each<span class="_ _0"/> par<span class="_ _5"/>ticipant to<span class="_ _0"/> receive,<span class="_ _0"/> free </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of ch<span class="_ _5"/>ar<span class="_ _5"/>ge, a n<span class="_ _5"/>um<span class="_ _5"/>b<span class="_ _5"/>er of s<span class="_ _5"/>ha<span class="_ _5"/>re<span class="_ _5"/>s in t<span class="_ _5"/>he C<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny e<span class="_ _5"/>qu<span class="_ _5"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to t<span class="_ _5"/>he nu<span class="_ _5"/>mb<span class="_ _5"/>e<span class="_ _5"/>r of RS<span class="_ _5"/>Us v<span class="_ _5"/>es<span class="_ _5"/>te<span class="_ _5"/>d, a<span class="_ _5"/>s de<span class="_ _5"/>sc<span class="_ _5"/>ri<span class="_ _5"/>be<span class="_ _5"/>d be<span class="_ _5"/>lo<span class="_ _5"/>w.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">RS<span class="_ _5"/>U pro<span class="_ _5"/>gr<span class="_ _5"/>a<span class="_ _5"/>mm<span class="_ _5"/>es ha<span class="_ _5"/>ve a ve<span class="_ _5"/>st<span class="_ _5"/>i<span class="_ _5"/>ng p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d of t<span class="_ _5"/>hr<span class="_ _5"/>ee </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">years. V<span class="_ _0"/>esting is not<span class="_ _0"/> conditional upon achi<span class="_ _0"/>eving any </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial or non-f<span class="_ _5"/>inancial targets, but is<span class="_ _0"/> however<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">conditional upon<span class="_ _0"/>:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. <span class="_ _1a0"> </span><span class="ls4 ws3">the participant remaining employ<span class="_ _0"/>ed with the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p fo<span class="_ _5"/>r a pe<span class="_ _5"/>ri<span class="_ _5"/>od of t<span class="_ _5"/>h<span class="_ _5"/>ree y<span class="_ _5"/>ea<span class="_ _5"/>rs f<span class="_ _5"/>ro<span class="_ _5"/>m th<span class="_ _5"/>e da<span class="_ _5"/>te o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">grant, or the participant becoming a<span class="_ _0"/> good leaver<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">du<span class="_ _5"/>ri<span class="_ _5"/>ng t<span class="_ _5"/>he ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng p<span class="_ _5"/>e<span class="_ _5"/>rio<span class="_ _5"/>d<span class="_ _5"/>, in w<span class="_ _5"/>hi<span class="_ _5"/>ch c<span class="_ _5"/>as<span class="_ _5"/>e on<span class="_ _5"/>ly a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">proport<span class="_ _5"/>ionate<span class="_ _0"/> por<span class="_ _5"/>tion of<span class="_ _0"/> RSUs will<span class="_ _0"/> vest and</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. <span class="_ _5c"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the participant having c<span class="_ _0"/>omplied in all<span class="_ _0"/> respect<span class="_ _5"/>s with</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the general<span class="_ _0"/> terms and<span class="_ _0"/> conditions as<span class="_ _0"/> determined </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by t<span class="_ _5"/>he B<span class="_ _5"/>oa<span class="_ _5"/>rd of D<span class="_ _5"/>ir<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>or<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Members of the Executive<span class="_ _0"/> Management are granted<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>icipation in<span class="_ _0"/> the long-term share-<span class="_ _5"/>based incentive<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">programmes as an<span class="_ _0"/> element of<span class="_ _0"/> remuneration as inc<span class="_ _0"/>en<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>ve f<span class="_ _5"/>or t<span class="_ _5"/>he E<span class="_ _5"/>xe<span class="_ _5"/>cu<span class="_ _5"/>t<span class="_ _5"/>ive M<span class="_ _5"/>a<span class="_ _5"/>na<span class="_ _5"/>ge<span class="_ _5"/>me<span class="_ _5"/>nt to r<span class="_ _5"/>em<span class="_ _5"/>ai<span class="_ _5"/>n foc<span class="_ _5"/>us<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on value<span class="_ _0"/> creation and achie<span class="_ _0"/>vement of<span class="_ _0"/> the Company's </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">long-term objectives. As determined<span class="_ _0"/> by the Boar<span class="_ _0"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of D<span class="_ _5"/>ire<span class="_ _5"/>c<span class="_ _5"/>to<span class="_ _5"/>r<span class="_ _5"/>s, a s<span class="_ _5"/>el<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>ed n<span class="_ _5"/>um<span class="_ _5"/>be<span class="_ _5"/>r of e<span class="_ _5"/>mp<span class="_ _5"/>loy<span class="_ _5"/>ee<span class="_ _5"/>s of t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company in<span class="_ _0"/> key<span class="_ _0"/> positions may also<span class="_ _0"/> be eligible to<span class="_ _0"/> par<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ticipate in<span class="_ _0"/> long-<span class="_ _5"/>term inc<span class="_ _0"/>entive programmes on<span class="_ _0"/> terms </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">similar to<span class="_ _0"/> those of<span class="_ _0"/> the Executive Management. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e 2025 RS<span class="_ _5"/>U pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>e, t<span class="_ _5"/>he g<span class="_ _5"/>ra<span class="_ _5"/>nt p<span class="_ _5"/>ri<span class="_ _5"/>ce of e<span class="_ _5"/>ac<span class="_ _5"/>h</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sh<span class="_ _5"/>are u<span class="_ _5"/>ni<span class="_ _5"/>t co<span class="_ _5"/>rre<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>d<span class="_ _5"/>s to th<span class="_ _5"/>e vo<span class="_ _5"/>lu<span class="_ _5"/>me we<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _5"/>ed av<span class="_ _5"/>er-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">age share<span class="_ _0"/> price<span class="_ _0"/> of HusCompagniet’s<span class="_ _0"/> shares<span class="_ _0"/> traded </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on N<span class="_ _5"/>as<span class="_ _5"/>da<span class="_ _5"/>q Co<span class="_ _5"/>p<span class="_ _5"/>enh<span class="_ _5"/>ag<span class="_ _5"/>en i<span class="_ _5"/>n t<span class="_ _5"/>he p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d fr<span class="_ _5"/>om 1<span class="_ _5"/>0 M<span class="_ _5"/>arc<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2025 un<span class="_ _5"/>ti<span class="_ _5"/>l 14 M<span class="_ _5"/>ar<span class="_ _5"/>ch 2025 (2024: 11 M<span class="_ _5"/>a<span class="_ _5"/>rch 2024 un<span class="_ _5"/>ti<span class="_ _5"/>l </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">15 M<span class="_ _5"/>ar<span class="_ _5"/>ch 2024).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share option incentive<span class="_ _0"/> scheme</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In<span class="_ _5"/>tr<span class="_ _5"/>od<span class="_ _5"/>uc<span class="_ _5"/>ed i<span class="_ _5"/>n 2024 and co<span class="_ _5"/>nt<span class="_ _5"/>in<span class="_ _5"/>ue<span class="_ _5"/>d in 2025<span class="_ _5"/>, a sh<span class="_ _5"/>are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">op<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>nce<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>ve s<span class="_ _5"/>che<span class="_ _5"/>me i<span class="_ _5"/>s gr<span class="_ _5"/>a<span class="_ _5"/>nte<span class="_ _5"/>d to t<span class="_ _5"/>he E<span class="_ _5"/>xe<span class="_ _5"/>cu<span class="_ _5"/>t<span class="_ _5"/>ive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management and other<span class="_ _0"/> key<span class="_ _0"/> employees. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Part<span class="_ _5"/>icipants of the<span class="_ _0"/> share option inc<span class="_ _0"/>entive scheme </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are upon<span class="_ _0"/> exercise<span class="_ _0"/> granted shares<span class="_ _0"/> in the<span class="_ _0"/> Company </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eq<span class="_ _5"/>ui<span class="_ _5"/>va<span class="_ _5"/>le<span class="_ _5"/>nt t<span class="_ _5"/>o th<span class="_ _5"/>e nu<span class="_ _5"/>mb<span class="_ _5"/>er o<span class="_ _5"/>f ves<span class="_ _5"/>te<span class="_ _5"/>d sh<span class="_ _5"/>ar<span class="_ _5"/>e op<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>s at a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f<span class="_ _5"/>ixe<span class="_ _5"/>d exe<span class="_ _5"/>rci<span class="_ _5"/>se p<span class="_ _5"/>r<span class="_ _5"/>ice.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e sha<span class="_ _5"/>re o<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>e w<span class="_ _5"/>ill v<span class="_ _5"/>es<span class="_ _5"/>t ove<span class="_ _5"/>r a t<span class="_ _5"/>hre<span class="_ _5"/>e<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">yea<span class="_ _5"/>r ves<span class="_ _5"/>t<span class="_ _5"/>in<span class="_ _5"/>g p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d. Ves<span class="_ _5"/>ti<span class="_ _5"/>ng i<span class="_ _5"/>s no<span class="_ _5"/>t co<span class="_ _5"/>nd<span class="_ _5"/>it<span class="_ _5"/>io<span class="_ _5"/>na<span class="_ _5"/>l up<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">achieving any<span class="_ _0"/> financial or non-f<span class="_ _5"/>inancial targets, but is,</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">howev<span class="_ _0"/>er<span class="_ _0"/>, conditional<span class="_ _0"/> upon:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1. <span class="_ _1a0"> </span><span class="ls4 ws3">the participant remaining employ<span class="_ _0"/>ed with the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p fo<span class="_ _5"/>r a pe<span class="_ _5"/>ri<span class="_ _5"/>od of t<span class="_ _5"/>h<span class="_ _5"/>ree y<span class="_ _5"/>ea<span class="_ _5"/>rs f<span class="_ _5"/>ro<span class="_ _5"/>m th<span class="_ _5"/>e da<span class="_ _5"/>te o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">grant, or the participant becoming a<span class="_ _0"/> good leaver<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">du<span class="_ _5"/>ri<span class="_ _5"/>ng t<span class="_ _5"/>he ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng p<span class="_ _5"/>e<span class="_ _5"/>rio<span class="_ _5"/>d i<span class="_ _5"/>n wh<span class="_ _5"/>ic<span class="_ _5"/>h ca<span class="_ _5"/>se o<span class="_ _5"/>nl<span class="_ _5"/>y a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">proport<span class="_ _5"/>ionate<span class="_ _0"/> por<span class="_ _5"/>tion of<span class="_ _0"/> the share-opt<span class="_ _5"/>ions will<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ves<span class="_ _5"/>t a<span class="_ _5"/>nd</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2. <span class="_ _5c"> </span><span class="ls4 ws3">the participant having c<span class="_ _0"/>omplied in all<span class="_ _0"/> respect<span class="_ _5"/>s with </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the general<span class="_ _0"/> terms and<span class="_ _0"/> conditions as<span class="_ _0"/> determined </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by t<span class="_ _5"/>he B<span class="_ _5"/>oa<span class="_ _5"/>rd of D<span class="_ _5"/>ir<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>or<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Up<span class="_ _5"/>on v<span class="_ _5"/>es<span class="_ _5"/>ti<span class="_ _5"/>ng<span class="_ _5"/>, t<span class="_ _5"/>he s<span class="_ _5"/>ha<span class="_ _5"/>re op<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>ns m<span class="_ _5"/>ay be e<span class="_ _5"/>xer<span class="_ _5"/>cis<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fro<span class="_ _5"/>m t<span class="_ _5"/>he d<span class="_ _5"/>ay af<span class="_ _3"/>ter t<span class="_ _5"/>h<span class="_ _5"/>e pu<span class="_ _5"/>bl<span class="_ _5"/>ic<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n of t<span class="_ _5"/>he C<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny<span class="_ _5"/>’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">annual report for 2<span class="_ _0"/>02<span class="_ _0"/>7 until four<span class="_ _0"/> weeks after the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">publication of the<span class="_ _0"/> Company’s annual<span class="_ _0"/> repor<span class="_ _5"/>t for<span class="_ _0"/> 202<span class="_ _0"/>9 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(20<span class="_ _0"/>24<span class="_ _0"/>: annual<span class="_ _0"/> repor<span class="_ _5"/>t 2<span class="_ _0"/>026<span class="_ _0"/> until four<span class="_ _0"/> weeks after the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">publication of the<span class="_ _0"/> Company’s annual<span class="_ _0"/> repor<span class="_ _5"/>t for<span class="_ _0"/> 202<span class="_ _0"/>8). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e 2025 sh<span class="_ _5"/>are o<span class="_ _5"/>p<span class="_ _5"/>ti<span class="_ _5"/>on p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me, t<span class="_ _5"/>h<span class="_ _5"/>e gr<span class="_ _5"/>an<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pr<span class="_ _5"/>ice o<span class="_ _5"/>f ea<span class="_ _5"/>ch s<span class="_ _5"/>har<span class="_ _5"/>e op<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s de<span class="_ _5"/>te<span class="_ _5"/>rm<span class="_ _5"/>in<span class="_ _5"/>ed t<span class="_ _5"/>hr<span class="_ _5"/>ou<span class="_ _5"/>gh t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Black-Scholes model<span class="_ _0"/> based on the<span class="_ _0"/> volume weight<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed av<span class="_ _5"/>er<span class="_ _5"/>ag<span class="_ _5"/>e sh<span class="_ _5"/>are p<span class="_ _5"/>ri<span class="_ _5"/>ce of H<span class="_ _5"/>u<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>gn<span class="_ _5"/>ie<span class="_ _5"/>t<span class="_ _5"/>’s sha<span class="_ _5"/>re<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">traded on Nasdaq<span class="_ _0"/> Copenhagen in<span class="_ _0"/> the period from<span class="_ _0"/> 10 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ma<span class="_ _5"/>rch 2<span class="_ _5"/>025 unt<span class="_ _5"/>i<span class="_ _5"/>l 14 M<span class="_ _5"/>arc<span class="_ _5"/>h 2025.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e exer<span class="_ _5"/>ci<span class="_ _5"/>se p<span class="_ _5"/>ric<span class="_ _5"/>e of ea<span class="_ _5"/>ch s<span class="_ _5"/>ha<span class="_ _5"/>re o<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n cor<span class="_ _5"/>re<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>ds </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to 11<span class="_ _5"/>0<span class="_ _5"/>% of t<span class="_ _5"/>he vo<span class="_ _5"/>lu<span class="_ _5"/>me w<span class="_ _5"/>ei<span class="_ _5"/>gh<span class="_ _5"/>ted a<span class="_ _5"/>ver<span class="_ _5"/>ag<span class="_ _5"/>e sh<span class="_ _5"/>ar<span class="_ _5"/>e pr<span class="_ _5"/>ice </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of HusCompagniet’<span class="_ _0"/>s shares<span class="_ _0"/> traded on Nasdaq<span class="_ _0"/> Co<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>nh<span class="_ _5"/>ag<span class="_ _5"/>en i<span class="_ _5"/>n th<span class="_ _5"/>e pe<span class="_ _5"/>ri<span class="_ _5"/>od f<span class="_ _5"/>ro<span class="_ _5"/>m 1<span class="_ _5"/>0 Ma<span class="_ _5"/>rch 2025 u<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>l 14 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ma<span class="_ _5"/>rch 2<span class="_ _5"/>025.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e 2024 sha<span class="_ _5"/>re op<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n pro<span class="_ _5"/>g<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>e, th<span class="_ _5"/>e gr<span class="_ _5"/>an<span class="_ _5"/>t p<span class="_ _5"/>ri<span class="_ _5"/>ce </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of each<span class="_ _0"/> share option<span class="_ _0"/> was determined through<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Black-Scholes model<span class="_ _0"/> based on the<span class="_ _0"/> volume weight<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed av<span class="_ _5"/>er<span class="_ _5"/>ag<span class="_ _5"/>e sh<span class="_ _5"/>are p<span class="_ _5"/>ri<span class="_ _5"/>ce of H<span class="_ _5"/>u<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>gn<span class="_ _5"/>ie<span class="_ _5"/>t<span class="_ _5"/>’s sha<span class="_ _5"/>re<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">traded on Nasdaq<span class="_ _0"/> Copenhagen in<span class="_ _0"/> the period from<span class="_ _0"/> 11 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ma<span class="_ _5"/>rch 2<span class="_ _5"/>024 unt<span class="_ _5"/>il 1<span class="_ _5"/>5 Ma<span class="_ _5"/>rch 2<span class="_ _5"/>024.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e exer<span class="_ _5"/>ci<span class="_ _5"/>se p<span class="_ _5"/>ric<span class="_ _5"/>e of ea<span class="_ _5"/>ch s<span class="_ _5"/>ha<span class="_ _5"/>re o<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n cor<span class="_ _5"/>re<span class="_ _5"/>sp<span class="_ _5"/>on<span class="_ _5"/>ds </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to 11<span class="_ _5"/>0<span class="_ _5"/>% of t<span class="_ _5"/>he vo<span class="_ _5"/>lu<span class="_ _5"/>me w<span class="_ _5"/>ei<span class="_ _5"/>gh<span class="_ _5"/>ted a<span class="_ _5"/>ver<span class="_ _5"/>ag<span class="_ _5"/>e sh<span class="_ _5"/>ar<span class="_ _5"/>e pr<span class="_ _5"/>ice </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of HusCompagniet’<span class="_ _0"/>s shares<span class="_ _0"/> traded on Nasdaq<span class="_ _0"/> Copen<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ha<span class="_ _5"/>ge<span class="_ _5"/>n in t<span class="_ _5"/>he p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d fr<span class="_ _5"/>om 1<span class="_ _5"/>1 Ma<span class="_ _5"/>rc<span class="_ _5"/>h 2024 unt<span class="_ _5"/>il 1<span class="_ _5"/>5 Ma<span class="_ _5"/>rc<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">20<span class="_ _5"/>24.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair<span class="_ _0"/> value measurement</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e RS<span class="_ _5"/>U pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>es i<span class="_ _5"/>ss<span class="_ _5"/>ue<span class="_ _5"/>d in 202<span class="_ _5"/>3, t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>asu<span class="_ _5"/>re<span class="_ _5"/>s sh<span class="_ _5"/>are<span class="_ _3"/>-<span class="_ _5"/>ba<span class="_ _5"/>se<span class="_ _5"/>d pay<span class="_ _5"/>me<span class="_ _5"/>n<span class="_ _5"/>t<span class="_ _5"/>s at f<span class="_ _5"/>ai<span class="_ _5"/>r va<span class="_ _5"/>lu<span class="_ _5"/>e at t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gr<span class="_ _5"/>an<span class="_ _5"/>t da<span class="_ _5"/>te. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r th<span class="_ _5"/>e RS<span class="_ _5"/>U pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>e is<span class="_ _5"/>su<span class="_ _5"/>ed i<span class="_ _5"/>n 2024 and 2025<span class="_ _5"/>, th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gr<span class="_ _5"/>an<span class="_ _5"/>t<span class="_ _5"/>s are b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n t<span class="_ _5"/>he vo<span class="_ _5"/>lu<span class="_ _5"/>me w<span class="_ _5"/>ei<span class="_ _5"/>gh<span class="_ _5"/>ted a<span class="_ _5"/>ver<span class="_ _5"/>ag<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sh<span class="_ _5"/>are p<span class="_ _5"/>ri<span class="_ _5"/>ce of H<span class="_ _5"/>u<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>gn<span class="_ _5"/>iet<span class="_ _3"/>’s sha<span class="_ _5"/>res t<span class="_ _5"/>r<span class="_ _5"/>ad<span class="_ _5"/>ed o<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Nasdaq Copenhagen i<span class="_ _0"/>n the five trading<span class="_ _0"/> days prior t<span class="_ _0"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e gr<span class="_ _5"/>an<span class="_ _5"/>t da<span class="_ _5"/>te. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e sha<span class="_ _5"/>re p<span class="_ _5"/>ri<span class="_ _5"/>ce at t<span class="_ _5"/>h<span class="_ _5"/>e ti<span class="_ _5"/>me o<span class="_ _5"/>f al<span class="_ _5"/>lo<span class="_ _5"/>ca<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s ex<span class="_ _5"/>pe<span class="_ _5"/>ns<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on a<span class="_ _0"/> straigh<span class="_ _5"/>t-line basis o<span class="_ _0"/>ver the v<span class="_ _0"/>esting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For the R<span class="_ _0"/>SU programme implement<span class="_ _0"/>ed on 13<span class="_ _0"/> April </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023, t<span class="_ _5"/>h<span class="_ _5"/>e ave<span class="_ _5"/>ra<span class="_ _5"/>ge re<span class="_ _5"/>ma<span class="_ _5"/>in<span class="_ _5"/>in<span class="_ _5"/>g te<span class="_ _5"/>rm to ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng f<span class="_ _5"/>or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ou<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>ta<span class="_ _5"/>nd<span class="_ _5"/>in<span class="_ _5"/>g res<span class="_ _5"/>t<span class="_ _5"/>ri<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d sh<span class="_ _5"/>ar<span class="_ _5"/>es a<span class="_ _5"/>t 31 D<span class="_ _5"/>ec<span class="_ _5"/>em<span class="_ _5"/>be<span class="_ _5"/>r wa<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ap<span class="_ _5"/>pr<span class="_ _5"/>ox. 0.<span class="_ _5"/>3 y<span class="_ _5"/>ea<span class="_ _5"/>rs<span class="_ _5"/>. F<span class="_ _5"/>or t<span class="_ _5"/>he R<span class="_ _5"/>SU p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me i<span class="_ _5"/>mp<span class="_ _5"/>le<span class="_ _3"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nte<span class="_ _5"/>d on 2<span class="_ _5"/>2 Ma<span class="_ _5"/>rc<span class="_ _5"/>h 2024, the a<span class="_ _5"/>ver<span class="_ _5"/>ag<span class="_ _5"/>e re<span class="_ _5"/>ma<span class="_ _5"/>in<span class="_ _5"/>in<span class="_ _5"/>g </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ter<span class="_ _5"/>m to ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng f<span class="_ _5"/>or o<span class="_ _5"/>ut<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>an<span class="_ _5"/>di<span class="_ _5"/>ng re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _3"/>ted s<span class="_ _5"/>ha<span class="_ _5"/>res a<span class="_ _5"/>t 3<span class="_ _5"/>1 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>cem<span class="_ _5"/>be<span class="_ _5"/>r wa<span class="_ _5"/>s ap<span class="_ _5"/>p<span class="_ _5"/>rox<span class="_ _5"/>. 1<span class="_ _5"/>.<span class="_ _5"/>3 yea<span class="_ _5"/>r<span class="_ _5"/>s. F<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">implemented on 21<span class="_ _0"/> March 2<span class="_ _0"/>02<span class="_ _0"/>5, the av<span class="_ _0"/>erage remain<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g ter<span class="_ _5"/>m to ve<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng f<span class="_ _5"/>or o<span class="_ _5"/>ut<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>an<span class="_ _5"/>di<span class="_ _5"/>ng re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _3"/>ted s<span class="_ _5"/>ha<span class="_ _5"/>res </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at 3<span class="_ _5"/>1 De<span class="_ _5"/>ce<span class="_ _5"/>mb<span class="_ _5"/>er w<span class="_ _5"/>as a<span class="_ _5"/>pp<span class="_ _5"/>rox<span class="_ _5"/>. 2<span class="_ _5"/>.3 y<span class="_ _5"/>ea<span class="_ _5"/>rs<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>alu<span class="_ _5"/>e of t<span class="_ _5"/>he R<span class="_ _5"/>SU p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me g<span class="_ _5"/>ra<span class="_ _5"/>n<span class="_ _5"/>ted i<span class="_ _5"/>n 2023 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wa<span class="_ _5"/>s DK<span class="_ _5"/>K 9.6 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n. I<span class="_ _5"/>n 2025 an<span class="_ _5"/>d 2024 resp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>ive<span class="_ _5"/>l<span class="_ _5"/>y, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>al<span class="_ _5"/>ue o<span class="_ _5"/>f th<span class="_ _5"/>e gr<span class="_ _5"/>an<span class="_ _5"/>te<span class="_ _5"/>d RS<span class="_ _5"/>U pro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>m<span class="_ _5"/>e an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share options, det<span class="_ _0"/>ermined through the<span class="_ _0"/> Black-Scholes </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mo<span class="_ _5"/>de<span class="_ _5"/>l, w<span class="_ _5"/>ere D<span class="_ _5"/>K<span class="_ _5"/>K 11 m<span class="_ _5"/>il<span class="_ _5"/>lio<span class="_ _5"/>n an<span class="_ _5"/>d D<span class="_ _5"/>KK 1<span class="_ _5"/>0 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2025<span class="_ _5"/>, an ex<span class="_ _5"/>pe<span class="_ _5"/>n<span class="_ _5"/>se of D<span class="_ _5"/>K<span class="_ _5"/>K 8.<span class="_ _5"/>5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n (2024: DK<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">7<span class="_ _1"/>.0 million)<span class="_ _0"/> was rec<span class="_ _0"/>ognised in the<span class="_ _0"/> income statement </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in re<span class="_ _5"/>sp<span class="_ _5"/>ec<span class="_ _3"/>t of t<span class="_ _5"/>he i<span class="_ _5"/>nce<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>ve pr<span class="_ _5"/>og<span class="_ _5"/>ra<span class="_ _5"/>mm<span class="_ _5"/>es<span class="_ _5"/>. Th<span class="_ _5"/>e cos<span class="_ _5"/>t<span class="_ _5"/>s o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e sh<span class="_ _5"/>are p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me<span class="_ _5"/>s ar<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as s<span class="_ _5"/>t<span class="_ _5"/>af<span class="_ _5"/>f c<span class="_ _5"/>os<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cost<span class="_ _5"/>s are<span class="_ _0"/> reversed f<span class="_ _0"/>or participant<span class="_ _5"/>s who voluntarily </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">le<span class="_ _5"/>ave t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up (<span class="_ _5"/>ba<span class="_ _5"/>d le<span class="_ _5"/>ave<span class="_ _5"/>r<span class="_ _5"/>s). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:338.796875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 1104.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Specification of outstanding number of shares related to share-based instruments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.1054px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.63687px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal share-based payments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.641px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Restricted share units</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.81px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Share options</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 19.4043px; width: 52.1016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Executive </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 548.172px; top: 19.4043px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 638.641px; top: 19.4043px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 707.312px; top: 19.4043px; width: 52.1016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Executive </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 812.047px; top: 19.4043px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 902.266px; top: 19.4043px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 972.25px; top: 19.4043px; width: 52.1016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Executive </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1076.3px; top: 19.4043px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1165.92px; top: 19.4043px; width: 27.3281px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 425.531px; top: 32.1387px; width: 67.2773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 522.984px; top: 32.1387px; width: 55.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">employees</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 630.062px; top: 32.1387px; width: 33.6387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 689.578px; top: 32.1387px; width: 67.2773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 786.562px; top: 32.1387px; width: 55.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">employees</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 893.281px; top: 32.1387px; width: 33.6387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 953.266px; top: 32.1387px; width: 67.2773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1049.67px; top: 32.1387px; width: 55.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">employees</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1156.91px; top: 32.1387px; width: 33.6387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">shares</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 67.0918px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 85.1699px; width: 1190.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 337.107px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">43,611</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">173,965</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">217,576</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">43,611</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">173,965</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">217,576</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 103.232px; width: 1190.38px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ransferred category</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 367.002px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-7,995</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,995</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-7,995</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,995</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 121.311px; width: 1190.33px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Granted during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.289px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">150,580</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">216,744</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">367,324</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,484</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">151,389</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">183,873</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">118,096</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">183,451</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 139.373px; width: 1190.19px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exercised during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.322px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,565</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,565</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,565</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,565</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 157.451px; width: 1190.23px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Forfeited during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.043px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,982</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-30,919</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-28,937</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,982</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-30,919</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-28,937</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 175.514px; width: 1190.55px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.02px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">188,178</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">362,220</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">550,398</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">70,082</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">296,865</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">366,947</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">118,096</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">183,451</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 206.92px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 224.998px; width: 1190.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 330.48px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">188,178</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">362,220</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">550,398</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">70,082</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">296,865</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">366,947</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">118,096</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">183,451</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 243.061px; width: 1190.33px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Granted during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.289px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">142,174</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">192,448</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">334,622</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,892</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">131,544</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">161,436</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">112,282</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">60,904</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">173,186</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 261.139px; width: 1190.45px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exercised during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,733</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-41,689</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-52,422</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,733</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-41,689</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-52,422</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 279.201px; width: 1190.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Forfeited during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 372.978px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-15,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-15,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-15,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-15,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 297.279px; width: 1190.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.02px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">319,619</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">497,764</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">817,383</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">89,241</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">371,505</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">460,746</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">230,378</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">126,259</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">356,637</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 328.686px; width: 1190.55px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of restricted shares that may be sold or vested at 31 December 2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.842px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.0761px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.4627px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:93.96875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.545px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average weighted fair value per option at grant date</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.467px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5.77</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.13</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0449px; width: 251.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average weighted strik</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">e price per option at grant date </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7793px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">(options only</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">, not including restricted share units)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 237.135px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">53.78</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">49.55</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.8574px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average price per share at the time of e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xercising the option</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.684px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">50.50</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55.80</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:357.0625px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 440.031px; top: 0.0136718px; width: 52.1016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Executive </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 544.812px; top: 0.0136718px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 12.7637px; width: 21.3984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 421.719px; top: 12.7637px; width: 67.2773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Management</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 12.7637px; width: 55.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">employees</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 47.7012px; width: 146.373px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024 share option programme</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7793px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Conditional grant</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.625px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.8418px; width: 491.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">esting year (performance year)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.85px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2024- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.984px; top: 83.8418px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2024- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 432.656px; top: 96.5918px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 96.5918px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 114.67px; width: 491.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exercise period</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.815px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2027- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.984px; top: 114.67px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 432.656px; top: 127.404px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2029</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 127.404px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2029</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 145.482px; width: 287.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">esting conditions, other than service conditions (employment)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 163.545px; width: 573.855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Market price per share</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.815px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12.39</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12.39</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 181.623px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal fair value of awarded share options at measurement date</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.527px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,463,209</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">809,749</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 213.029px; width: 146.373px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025 share option programme</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 231.092px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Conditional grant</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.625px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.17px; width: 491.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">esting year (performance year)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.85px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2025- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.984px; top: 249.17px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2024- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 432.656px; top: 261.92px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2028</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 261.92px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 279.982px; width: 491.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exercise period</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.815px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">March 2028- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 514.984px; top: 279.982px; width: 62.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2027- </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 432.656px; top: 292.732px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2030</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 518.109px; top: 292.732px; width: 56.3145px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">March 2029</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 310.795px; width: 287.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">esting conditions, other than service conditions (employment)</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 328.873px; width: 573.855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Market price per share</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.815px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">14.10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">14.10</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 346.951px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal fair value of awarded share options at measurement date</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.527px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,583,176</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">858,746</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="ff6 fs1 fc1 ls4d ws50">Note 2<span class="_ _3"/>.<span class="_ _5"/>6</span><span class="fs1 lsb5 wsbb"> <span class="_ _5c"> </span>Ea<span class="_ _5"/>rnin<span class="_ _5"/>g<span class="_ _5"/>s p<span class="_ _5"/>er<span class="_ _5"/> share</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:251.484375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK'000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 576.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 372.539px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-26,237 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,134 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 66.373px; width: 576.381px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average number of shares</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 309.357px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 21,710,000 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.1113px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 21,710,000 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 84.4355px; width: 576.979px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average number of treasury shares</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-314,592</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-307,325 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 102.514px; width: 576.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average number of outstanding shares</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 243.293px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 21,395,408 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 21,402,675 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 120.576px; width: 576.932px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Dilution from share options</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.908px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">286,144</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 184,127 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 138.654px; width: 576.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average number of outstanding shares, diluted</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.861px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 21,681,552 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 21,586,802 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 180.342px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.545px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 228.623px; width: 307.441px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">In calculating dilution from RSU, 286,144 shares (2024: 184,127), </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 241.373px; width: 255.059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">could potentially dilute the profit per share in the future.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Earnings per share (EPS)<span class="_ _126"> </span>-1.2 <span class="_ _b0"> </span>-0.2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Diluted earnings per share (EPS-D)<span class="_ _111"> </span>-1.2 <span class="_ _127"> </span>-0.2</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.7<span class="ff48 fc0 lsb7 wsbd"> <span class="_ _5c"> </span>Cu<span class="_ _5"/>rrenc<span class="_ _5"/>y r<span class="_ _5"/>isk</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Currency Risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p is ex<span class="_ _5"/>p<span class="_ _5"/>ose<span class="_ _5"/>d to c<span class="_ _5"/>ur<span class="_ _5"/>ren<span class="_ _5"/>c<span class="_ _5"/>y f<span class="_ _5"/>lu<span class="_ _5"/>c<span class="_ _5"/>tu<span class="_ _5"/>a<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>s fr<span class="_ _5"/>om i<span class="_ _5"/>t<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">act<span class="_ _5"/>ivities in Sweden.<span class="_ _0"/> The subsidiary in the c<span class="_ _0"/>ountr<span class="_ _5"/>y is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not a<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>ed<span class="_ _5"/>, as i<span class="_ _5"/>nco<span class="_ _5"/>me a<span class="_ _5"/>nd c<span class="_ _5"/>os<span class="_ _5"/>t<span class="_ _5"/>s ar<span class="_ _5"/>e de<span class="_ _5"/>no<span class="_ _5"/>mi<span class="_ _5"/>na<span class="_ _5"/>ted i<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the local functional currency<span class="_ _0"/>, and the<span class="_ _0"/> risk is theref<span class="_ _0"/>ore </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mainly related<span class="_ _0"/> to the<span class="_ _0"/> translation of the subsidiary's </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement t<span class="_ _0"/>o the r<span class="_ _0"/>epor<span class="_ _5"/>ting currency of the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated<span class="_ _0"/> income statement.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management continuously assesses the<span class="_ _0"/> significance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the<span class="_ _0"/> Group’s<span class="_ _0"/> acti<span class="_ _5"/>vities denominated in<span class="_ _0"/> foreign </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currencies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>ota<span class="_ _5"/>l rev<span class="_ _5"/>en<span class="_ _5"/>ue g<span class="_ _5"/>en<span class="_ _5"/>er<span class="_ _5"/>ate<span class="_ _5"/>d in S<span class="_ _5"/>E<span class="_ _5"/>K fo<span class="_ _5"/>r 2025 amo<span class="_ _5"/>un<span class="_ _5"/>te<span class="_ _5"/>d to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 125 m<span class="_ _5"/>ill<span class="_ _5"/>io<span class="_ _5"/>n (2<span class="_ _5"/>024: DKK 1<span class="_ _5"/>15 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on)<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">St<span class="_ _5"/>ar<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>ng a<span class="_ _5"/>t th<span class="_ _5"/>e en<span class="_ _5"/>d of 2024 and c<span class="_ _5"/>on<span class="_ _5"/>ti<span class="_ _5"/>nu<span class="_ _5"/>ed i<span class="_ _5"/>n 2025, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e Swe<span class="_ _5"/>di<span class="_ _5"/>sh f<span class="_ _5"/>ac<span class="_ _3"/>tor<span class="_ _3"/>y, V<span class="_ _0"/>år<span class="_ _5"/>gå<span class="_ _5"/>rd<span class="_ _5"/>ah<span class="_ _5"/>us<span class="_ _5"/>, ha<span class="_ _5"/>s pr<span class="_ _5"/>od<span class="_ _5"/>uce<span class="_ _5"/>d an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sold elements to<span class="_ _0"/> the Danish Semi-detached business. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">This interc<span class="_ _0"/>ompany re<span class="_ _0"/>venue and<span class="_ _0"/> cost transact<span class="_ _5"/>ions are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in S<span class="_ _5"/>EK a<span class="_ _5"/>nd t<span class="_ _5"/>h<span class="_ _5"/>e cur<span class="_ _5"/>re<span class="_ _5"/>nc<span class="_ _5"/>y r<span class="_ _5"/>is<span class="_ _5"/>k ex<span class="_ _5"/>po<span class="_ _5"/>su<span class="_ _5"/>re is m<span class="_ _5"/>on<span class="_ _5"/>it<span class="_ _5"/>ore<span class="_ _5"/>d o<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an ongoing<span class="_ _0"/> basis.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 2<span class="_ _3"/>.<span class="_ _5"/>8<span class="_ _5"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _5c"> </span>Ac<span class="_ _5"/>counting<span class="_ _5"/> p<span class="_ _5"/>olicies<span class="_ _5"/> related to <span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EBI<span class="_ _5"/>T<span class="_ _5"/>DA<span class="_ _5"/> n<span class="_ _5"/>o<span class="_ _5"/>tes</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reven<span class="_ _0"/>ue</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reve<span class="_ _0"/>nue comprises<span class="_ _0"/> completed<span class="_ _0"/> construc<span class="_ _5"/>tion contracts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and construction contract<span class="_ _5"/>s in<span class="_ _0"/> progress (<span class="_ _0"/>contracted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sa<span class="_ _5"/>le<span class="_ _5"/>s), s<span class="_ _5"/>al<span class="_ _5"/>e of la<span class="_ _5"/>nd p<span class="_ _5"/>lo<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d sh<span class="_ _5"/>ow h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s, a<span class="_ _5"/>nd s<span class="_ _5"/>al<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of show<span class="_ _0"/> houses (<span class="_ _0"/>non-<span class="_ _5"/>contrac<span class="_ _5"/>ted sales).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">It i<span class="_ _5"/>s co<span class="_ _5"/>ns<span class="_ _5"/>id<span class="_ _5"/>ere<span class="_ _5"/>d ap<span class="_ _5"/>p<span class="_ _5"/>rop<span class="_ _5"/>ri<span class="_ _5"/>at<span class="_ _5"/>e to re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se t<span class="_ _5"/>he s<span class="_ _5"/>al<span class="_ _5"/>e of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">propert<span class="_ _5"/>ies through<span class="_ _0"/> divestment of companies<span class="_ _0"/> in ac<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cor<span class="_ _5"/>da<span class="_ _5"/>nce w<span class="_ _5"/>i<span class="_ _5"/>th I<span class="_ _5"/>F<span class="_ _5"/>RS 15 a<span class="_ _5"/>nd n<span class="_ _5"/>ot a<span class="_ _5"/>s di<span class="_ _5"/>ve<span class="_ _5"/>s<span class="_ _5"/>ted c<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>nie<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">un<span class="_ _5"/>de<span class="_ _5"/>r IF<span class="_ _5"/>RS 1<span class="_ _5"/>0 as i<span class="_ _5"/>t i<span class="_ _5"/>s an a<span class="_ _5"/>ss<span class="_ _5"/>et t<span class="_ _5"/>ha<span class="_ _5"/>t is b<span class="_ _5"/>ei<span class="_ _5"/>ng d<span class="_ _5"/>i<span class="_ _5"/>ves<span class="_ _5"/>te<span class="_ _5"/>d, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not a c<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny w<span class="_ _5"/>it<span class="_ _5"/>h a bu<span class="_ _5"/>si<span class="_ _5"/>ne<span class="_ _5"/>ss<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>ted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>ted sales<span class="_ _0"/> are recognised<span class="_ _0"/> over<span class="_ _0"/> time accord<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ing to<span class="_ _0"/> the perc<span class="_ _0"/>entage<span class="_ _5"/>-of-<span class="_ _5"/>completion method bas<span class="_ _0"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on estimated<span class="_ _0"/> construc<span class="_ _5"/>tion time,<span class="_ _0"/> as all performance<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obligations are<span class="_ _0"/> fulfilled on an ongo<span class="_ _0"/>ing basis thr<span class="_ _0"/>ough<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">out the c<span class="_ _0"/>onstruc<span class="_ _5"/>tion period. The<span class="_ _0"/> contracted sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract<span class="_ _5"/>s are<span class="_ _0"/> considered<span class="_ _0"/> to c<span class="_ _0"/>omprise only one<span class="_ _0"/> perfor<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mance obligation, as<span class="_ _0"/> all components are<span class="_ _0"/> considered </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>ter<span class="_ _5"/>re<span class="_ _5"/>la<span class="_ _5"/>ted<span class="_ _5"/>, an<span class="_ _5"/>d an<span class="_ _5"/>y ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s to t<span class="_ _5"/>he sc<span class="_ _5"/>op<span class="_ _5"/>e of a co<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tr<span class="_ _5"/>ac<span class="_ _3"/>t wi<span class="_ _5"/>ll t<span class="_ _5"/>he<span class="_ _5"/>ref<span class="_ _5"/>ore b<span class="_ _5"/>e re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed a<span class="_ _5"/>s ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s to th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">original contract and not<span class="_ _0"/> as a s<span class="_ _0"/>eparate performance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obligation. The Group<span class="_ _0"/> is primarily responsible f<span class="_ _0"/>or the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fulfilmen<span class="_ _5"/>t of<span class="_ _0"/> the performance obligation and carries<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the risks r<span class="_ _0"/>elated to<span class="_ _0"/> the construction and is<span class="_ _0"/> therefore<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considered t<span class="_ _0"/>o act as the<span class="_ _0"/> principal.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e con<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t<span class="_ _5"/>s are n<span class="_ _5"/>ot a<span class="_ _5"/>ss<span class="_ _5"/>es<span class="_ _5"/>se<span class="_ _5"/>d to h<span class="_ _5"/>ave a si<span class="_ _5"/>gn<span class="_ _5"/>if<span class="_ _3"/>ic<span class="_ _5"/>an<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financing component. The time value<span class="_ _0"/> of the<span class="_ _0"/> transac<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on p<span class="_ _5"/>ri<span class="_ _5"/>ce fo<span class="_ _5"/>r co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s w<span class="_ _5"/>it<span class="_ _5"/>h a du<span class="_ _5"/>r<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n th<span class="_ _5"/>at ex<span class="_ _5"/>cee<span class="_ _5"/>ds </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">12 months, and<span class="_ _0"/> limited on-account payments, is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>ss<span class="_ _5"/>ed to b<span class="_ _5"/>e in<span class="_ _5"/>si<span class="_ _5"/>gn<span class="_ _5"/>if<span class="_ _3"/>ica<span class="_ _5"/>n<span class="_ _5"/>t, a<span class="_ _5"/>s t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up d<span class="_ _5"/>oe<span class="_ _5"/>s no<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>su<span class="_ _5"/>me t<span class="_ _5"/>he m<span class="_ _5"/>ai<span class="_ _5"/>n pa<span class="_ _5"/>r<span class="_ _5"/>t of t<span class="_ _5"/>h<span class="_ _5"/>e cos<span class="_ _5"/>t<span class="_ _5"/>s u<span class="_ _5"/>nt<span class="_ _5"/>il t<span class="_ _5"/>h<span class="_ _5"/>e en<span class="_ _5"/>d of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the c<span class="_ _0"/>ontrac<span class="_ _5"/>t phas<span class="_ _0"/>e.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>ere<span class="_ _5"/>fo<span class="_ _5"/>re, an a<span class="_ _5"/>d<span class="_ _5"/>ju<span class="_ _5"/>st<span class="_ _5"/>m<span class="_ _5"/>en<span class="_ _5"/>t of t<span class="_ _5"/>he t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>ac<span class="_ _3"/>ti<span class="_ _5"/>on p<span class="_ _5"/>ri<span class="_ _5"/>ce wi<span class="_ _5"/>t<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">regards to<span class="_ _0"/> a financing component<span class="_ _0"/> in the c<span class="_ _0"/>ontrac<span class="_ _5"/>t<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wi<span class="_ _5"/>t<span class="_ _5"/>h cus<span class="_ _5"/>t<span class="_ _5"/>om<span class="_ _5"/>er<span class="_ _5"/>s is n<span class="_ _5"/>ot r<span class="_ _5"/>eq<span class="_ _5"/>ui<span class="_ _5"/>red<span class="_ _5"/>. Pa<span class="_ _5"/>ym<span class="_ _5"/>en<span class="_ _5"/>t i<span class="_ _5"/>s t<span class="_ _5"/>yp<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>ll<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">du<span class="_ _5"/>e at t<span class="_ _5"/>he t<span class="_ _5"/>im<span class="_ _5"/>e of f<span class="_ _5"/>i<span class="_ _5"/>na<span class="_ _5"/>l de<span class="_ _5"/>li<span class="_ _5"/>ve<span class="_ _5"/>r<span class="_ _5"/>y o<span class="_ _5"/>f th<span class="_ _5"/>e con<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>uc<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on<span class="_ _5"/>, ho<span class="_ _5"/>weve<span class="_ _5"/>r a sm<span class="_ _5"/>al<span class="_ _5"/>l de<span class="_ _5"/>po<span class="_ _5"/>si<span class="_ _5"/>t is p<span class="_ _5"/>ai<span class="_ _5"/>d up<span class="_ _5"/>on c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">negotiation. The Group<span class="_ _0"/> receives a<span class="_ _0"/> bank guarantee<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in co<span class="_ _5"/>nn<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>on w<span class="_ _5"/>it<span class="_ _5"/>h t<span class="_ _5"/>he s<span class="_ _5"/>t<span class="_ _5"/>ar<span class="_ _5"/>t<span class="_ _5"/>-<span class="_ _5"/>up of e<span class="_ _5"/>ac<span class="_ _5"/>h co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is entitled to<span class="_ _0"/> payment for<span class="_ _0"/> work performed, including<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit<span class="_ _5"/>, during the<span class="_ _0"/> project<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t m<span class="_ _5"/>od<span class="_ _5"/>if<span class="_ _3"/>ica<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>ns a<span class="_ _5"/>re re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d w<span class="_ _5"/>he<span class="_ _5"/>n th<span class="_ _5"/>ey </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hav<span class="_ _5"/>e be<span class="_ _5"/>en a<span class="_ _5"/>pp<span class="_ _5"/>rov<span class="_ _5"/>ed by a<span class="_ _5"/>ll p<span class="_ _5"/>ar<span class="_ _3"/>ti<span class="_ _5"/>es to t<span class="_ _5"/>h<span class="_ _5"/>e con<span class="_ _5"/>tr<span class="_ _5"/>a<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e tr<span class="_ _5"/>an<span class="_ _5"/>sf<span class="_ _5"/>er o<span class="_ _5"/>f con<span class="_ _5"/>t<span class="_ _5"/>rol a<span class="_ _5"/>nd r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>ni<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f reve<span class="_ _5"/>nu<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are det<span class="_ _0"/>ermined using input methods<span class="_ _0"/> based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">construct<span class="_ _5"/>ion days<span class="_ _0"/> incurred<span class="_ _0"/> relative to<span class="_ _0"/> total estimated<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">construct<span class="_ _5"/>ion time<span class="_ _0"/> for the c<span class="_ _0"/>ontrac<span class="_ _5"/>ts, as these<span class="_ _0"/> methods </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are c<span class="_ _0"/>onsidered to<span class="_ _0"/> best depict the continuous transfer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>l. I<span class="_ _5"/>n al<span class="_ _5"/>l ma<span class="_ _5"/>te<span class="_ _5"/>ri<span class="_ _5"/>al re<span class="_ _5"/>sp<span class="_ _5"/>ec<span class="_ _3"/>t<span class="_ _5"/>s, t<span class="_ _5"/>he m<span class="_ _5"/>et<span class="_ _5"/>ho<span class="_ _5"/>d e<span class="_ _5"/>qu<span class="_ _5"/>al<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the cos<span class="_ _5"/>t-t<span class="_ _5"/>o<span class="_ _5"/>-<span class="_ _5"/>cost m<span class="_ _5"/>etho<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e sel<span class="_ _5"/>li<span class="_ _5"/>ng p<span class="_ _5"/>r<span class="_ _5"/>ice i<span class="_ _5"/>s me<span class="_ _5"/>as<span class="_ _5"/>ure<span class="_ _5"/>d by re<span class="_ _5"/>fe<span class="_ _5"/>ren<span class="_ _5"/>ce to t<span class="_ _5"/>he t<span class="_ _5"/>ot<span class="_ _5"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d inc<span class="_ _5"/>om<span class="_ _5"/>e fr<span class="_ _5"/>om e<span class="_ _5"/>ach c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t an<span class="_ _5"/>d th<span class="_ _5"/>e s<span class="_ _5"/>ta<span class="_ _5"/>ge o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">completion at<span class="_ _0"/> the reporting date.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> expenses incremental c<span class="_ _0"/>ost<span class="_ _5"/>s of<span class="_ _0"/> obtaining a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract<span class="_ _5"/>, as<span class="_ _0"/> the amortisat<span class="_ _5"/>ion period<span class="_ _0"/> of the<span class="_ _0"/> asset that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e en<span class="_ _5"/>ti<span class="_ _5"/>t<span class="_ _5"/>y o<span class="_ _5"/>th<span class="_ _5"/>er<span class="_ _3"/>wi<span class="_ _5"/>se w<span class="_ _5"/>ou<span class="_ _5"/>ld h<span class="_ _5"/>ave re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed i<span class="_ _5"/>s le<span class="_ _5"/>ss </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">than one y<span class="_ _0"/>ear<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Co<span class="_ _5"/>st<span class="_ _3"/>s in co<span class="_ _5"/>nn<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n w<span class="_ _5"/>it<span class="_ _5"/>h sa<span class="_ _5"/>le<span class="_ _5"/>s wo<span class="_ _5"/>rk t<span class="_ _5"/>o se<span class="_ _5"/>cur<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s ar<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s in t<span class="_ _5"/>he i<span class="_ _5"/>nco<span class="_ _5"/>m<span class="_ _5"/>e st<span class="_ _5"/>at<span class="_ _5"/>e<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment in the<span class="_ _0"/> financial year in<span class="_ _0"/> which they<span class="_ _0"/> are incurred.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>contrac<span class="_ _5"/>ted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r no<span class="_ _5"/>n<span class="_ _5"/>-<span class="_ _5"/>co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d sa<span class="_ _5"/>le<span class="_ _5"/>s<span class="_ _5"/>, reve<span class="_ _5"/>nu<span class="_ _5"/>e is r<span class="_ _5"/>eco<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed i<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the income<span class="_ _0"/> statement when the performance obli<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ga<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s fu<span class="_ _5"/>lf<span class="_ _3"/>ill<span class="_ _5"/>e<span class="_ _5"/>d. T<span class="_ _5"/>hi<span class="_ _5"/>s is d<span class="_ _5"/>ef<span class="_ _5"/>i<span class="_ _5"/>ne<span class="_ _5"/>d as t<span class="_ _5"/>he p<span class="_ _5"/>oi<span class="_ _5"/>nt i<span class="_ _5"/>n t<span class="_ _5"/>im<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">when control<span class="_ _0"/> of the<span class="_ _0"/> non-<span class="_ _5"/>contracted construc<span class="_ _5"/>tion (sale<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of la<span class="_ _5"/>nd p<span class="_ _5"/>l<span class="_ _5"/>ot or s<span class="_ _5"/>al<span class="_ _5"/>es o<span class="_ _5"/>f ho<span class="_ _5"/>us<span class="_ _5"/>es co<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ru<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d on o<span class="_ _5"/>wn </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">la<span class="_ _5"/>nd fo<span class="_ _5"/>r w<span class="_ _5"/>hic<span class="_ _5"/>h no c<span class="_ _5"/>us<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n en<span class="_ _5"/>te<span class="_ _5"/>red </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>to be<span class="_ _5"/>fo<span class="_ _5"/>re co<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ru<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>s) i<span class="_ _5"/>s tr<span class="_ _5"/>an<span class="_ _5"/>sf<span class="_ _5"/>er<span class="_ _5"/>re<span class="_ _5"/>d to t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er, the a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of r<span class="_ _5"/>eve<span class="_ _5"/>nu<span class="_ _5"/>e ca<span class="_ _5"/>n be m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>red </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rel<span class="_ _5"/>ia<span class="_ _5"/>bl<span class="_ _5"/>y a<span class="_ _5"/>nd co<span class="_ _5"/>ll<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s pr<span class="_ _5"/>ob<span class="_ _5"/>ab<span class="_ _5"/>le. T<span class="_ _5"/>he t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>f<span class="_ _5"/>er of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>t<span class="_ _5"/>rol t<span class="_ _5"/>o cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er<span class="_ _5"/>s t<span class="_ _5"/>akes p<span class="_ _5"/>l<span class="_ _5"/>ace a<span class="_ _5"/>cco<span class="_ _5"/>rdi<span class="_ _5"/>ng t<span class="_ _5"/>o ag<span class="_ _5"/>re<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">delivery dates. Furthermore,<span class="_ _0"/> revenue<span class="_ _0"/> is only r<span class="_ _0"/>ecog<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">nised when it<span class="_ _0"/> is highly probable<span class="_ _0"/> that a significant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reversal o<span class="_ _0"/>f the re<span class="_ _0"/>venue amount<span class="_ _0"/> will not occ<span class="_ _0"/>ur<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Customisation of<span class="_ _0"/> construction contracts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At c<span class="_ _0"/>ontrac<span class="_ _5"/>t inception, Management assesses<span class="_ _0"/> if the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract<span class="_ _5"/>s involve<span class="_ _0"/> a high degr<span class="_ _0"/>ee of individual custo<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">misation or<span class="_ _0"/> construc<span class="_ _5"/>tion on c<span class="_ _0"/>ustomers' own land<span class="_ _0"/> and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>er<span class="_ _5"/>efo<span class="_ _5"/>re s<span class="_ _5"/>at<span class="_ _5"/>is<span class="_ _5"/>f<span class="_ _5"/>y t<span class="_ _5"/>h<span class="_ _5"/>e cr<span class="_ _5"/>ite<span class="_ _5"/>ri<span class="_ _5"/>a fo<span class="_ _5"/>r re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n over t<span class="_ _5"/>i<span class="_ _5"/>me. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e as<span class="_ _5"/>ses<span class="_ _5"/>s<span class="_ _5"/>me<span class="_ _5"/>nt i<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d on a<span class="_ _5"/>n ana<span class="_ _5"/>l<span class="_ _5"/>ys<span class="_ _5"/>is o<span class="_ _5"/>f, am<span class="_ _5"/>on<span class="_ _5"/>g </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other things, the c<span class="_ _0"/>ontrac<span class="_ _5"/>t provisions on<span class="_ _0"/>:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls5 ws4">The degr<span class="_ _0"/>ee of<span class="_ _0"/> customisation, including<span class="_ _0"/> the <span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">potential alternative<span class="_ _0"/> use of buildings</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3">The d<span class="_ _5"/>at<span class="_ _5"/>e of t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>fe<span class="_ _5"/>r of l<span class="_ _5"/>eg<span class="_ _5"/>al t<span class="_ _5"/>it<span class="_ _5"/>l<span class="_ _5"/>e</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls5 ws4">Payment t<span class="_ _0"/>erms, including<span class="_ _0"/> options of ea<span class="_ _0"/>rly <span class="ls0 ws0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">termination o<span class="_ _0"/>f contract</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls4 ws3">Enforceable<span class="_ _0"/> right to<span class="_ _0"/> payment for performance </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">completed<span class="_ _0"/> to dat<span class="_ _0"/>e.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For construction contract<span class="_ _5"/>s in<span class="_ _0"/> the semi-<span class="_ _5"/>detached seg<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment, Mangement considers<span class="_ _0"/> if the c<span class="_ _0"/>ontrac<span class="_ _5"/>ts comprise </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a single<span class="_ _0"/> or multiple performance obligations. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Our construction contract<span class="_ _5"/>s do<span class="_ _0"/> not include<span class="_ _0"/> variable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">elements of c<span class="_ _0"/>onsideration as the<span class="_ _0"/>y are<span class="_ _0"/> fi<span class="_ _5"/>xed-price </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contracts.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cos<span class="_ _5"/>t of s<span class="_ _5"/>al<span class="_ _5"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">St<span class="_ _5"/>af<span class="_ _5"/>f c<span class="_ _5"/>os<span class="_ _5"/>t<span class="_ _5"/>s, c<span class="_ _5"/>os<span class="_ _5"/>t<span class="_ _5"/>s of r<span class="_ _5"/>aw m<span class="_ _5"/>ate<span class="_ _5"/>ri<span class="_ _5"/>al<span class="_ _5"/>s<span class="_ _5"/>, cos<span class="_ _5"/>t<span class="_ _5"/>s of s<span class="_ _5"/>ub<span class="_ _5"/>co<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tr<span class="_ _5"/>ac<span class="_ _3"/>tor<span class="_ _5"/>s<span class="_ _5"/>, wo<span class="_ _5"/>rk p<span class="_ _5"/>er<span class="_ _5"/>f<span class="_ _5"/>or<span class="_ _5"/>me<span class="_ _5"/>d by t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up'<span class="_ _5"/>s en<span class="_ _5"/>t<span class="_ _5"/>it<span class="_ _5"/>ie<span class="_ _5"/>s an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised and consumables<span class="_ _0"/> incurred in<span class="_ _0"/> generating </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e reve<span class="_ _5"/>nu<span class="_ _5"/>e fo<span class="_ _5"/>r th<span class="_ _5"/>e ye<span class="_ _5"/>ar. Cos<span class="_ _5"/>t o<span class="_ _5"/>f sa<span class="_ _5"/>le<span class="_ _5"/>s al<span class="_ _5"/>so i<span class="_ _5"/>nd<span class="_ _5"/>ud<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">st<span class="_ _5"/>af<span class="_ _3"/>f cos<span class="_ _5"/>t<span class="_ _5"/>s r<span class="_ _5"/>el<span class="_ _5"/>ate<span class="_ _5"/>d to ho<span class="_ _5"/>ur<span class="_ _5"/>l<span class="_ _5"/>y wo<span class="_ _5"/>rker<span class="_ _5"/>s u<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>he p<span class="_ _5"/>ro<span class="_ _3"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">duction at the factories.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other external expenses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other external expenses includes<span class="_ _0"/> the period’s<span class="_ _0"/> ex<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">penses relating t<span class="_ _0"/>o the Group<span class="_ _0"/>’s<span class="_ _0"/> core activities, includ<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ing expenses<span class="_ _0"/> relating t<span class="_ _0"/>o distribution, sales, advertis<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ing, administration, premises,<span class="_ _0"/> bad debts, low-value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and short-term leases,<span class="_ _0"/> etc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other operating income</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other operating income includes<span class="_ _0"/> income from<span class="_ _0"/> sec<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ondary ac<span class="_ _5"/>tivities such as<span class="_ _0"/> gains/losses from sale<span class="_ _0"/> of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">propert<span class="_ _5"/>y,<span class="_ _0"/> plant and equipment.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Staff costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">Staff cost<span class="_ _5"/>s include</span></span><span class="_ _0"/> wages and salaries,<span class="_ _0"/> including </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">compensated<span class="_ _0"/> absence,<span class="_ _0"/> share-<span class="_ _5"/>based pa<span class="_ _0"/>yment<span class="_ _5"/>s and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pensions, as<span class="_ _0"/> well as<span class="_ _0"/> other social<span class="_ _0"/> security contribu<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on<span class="_ _5"/>s, e<span class="_ _5"/>tc<span class="_ _5"/>. ma<span class="_ _5"/>de t<span class="_ _5"/>o th<span class="_ _5"/>e G<span class="_ _5"/>rou<span class="_ _5"/>p’s em<span class="_ _5"/>pl<span class="_ _5"/>oye<span class="_ _5"/>es<span class="_ _5"/>. St<span class="_ _5"/>af<span class="_ _5"/>f c<span class="_ _5"/>os<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for h<span class="_ _5"/>ou<span class="_ _5"/>rl<span class="_ _5"/>y w<span class="_ _5"/>or<span class="_ _5"/>ker<span class="_ _5"/>s is r<span class="_ _5"/>eco<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed a<span class="_ _5"/>s co<span class="_ _5"/>st o<span class="_ _5"/>f sa<span class="_ _5"/>le<span class="_ _5"/>s are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exclu<span class="_ _5"/>de<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ite<span class="_ _5"/>m is n<span class="_ _5"/>et o<span class="_ _5"/>f ref<span class="_ _5"/>un<span class="_ _5"/>ds m<span class="_ _5"/>ad<span class="_ _5"/>e by p<span class="_ _5"/>ub<span class="_ _5"/>li<span class="_ _5"/>c au<span class="_ _5"/>t<span class="_ _5"/>ho<span class="_ _5"/>ri<span class="_ _5"/>ti<span class="_ _5"/>es<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share-<span class="_ _5"/>based payments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has established a long-term share-based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">incentyi<span class="_ _5"/>ve programme<span class="_ _0"/> (L<span class="_ _1"/>TI<span class="_ _5"/>) in<span class="_ _0"/> accordance<span class="_ _0"/> with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">current r<span class="_ _0"/>emuneration policy.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share-<span class="_ _5"/>based payments are<span class="_ _0"/> recognised ov<span class="_ _0"/>er the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period in which<span class="_ _0"/> the participant renders the service </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">entiling the participant to the<span class="_ _0"/> payment, which, in prin<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cip<span class="_ _5"/>l<span class="_ _5"/>e, is f<span class="_ _5"/>ro<span class="_ _5"/>m th<span class="_ _5"/>e da<span class="_ _5"/>te of g<span class="_ _5"/>r<span class="_ _5"/>an<span class="_ _5"/>t un<span class="_ _5"/>ti<span class="_ _5"/>l th<span class="_ _5"/>e da<span class="_ _5"/>te o<span class="_ _5"/>n wh<span class="_ _5"/>ic<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the vesting c<span class="_ _0"/>onditions have<span class="_ _0"/> been met.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e L<span class="_ _0"/>TI pro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me<span class="_ _5"/>s ar<span class="_ _5"/>e cl<span class="_ _5"/>as<span class="_ _5"/>si<span class="_ _5"/>f<span class="_ _5"/>ie<span class="_ _5"/>d as e<span class="_ _5"/>qu<span class="_ _5"/>it<span class="_ _3"/>y-<span class="_ _5"/>s<span class="_ _5"/>et<span class="_ _5"/>t<span class="_ _5"/>le<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plans. The<span class="_ _0"/> value of<span class="_ _0"/> serv<span class="_ _5"/>ices r<span class="_ _0"/>eceived as<span class="_ _0"/> consideration<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for t<span class="_ _5"/>h<span class="_ _5"/>e gr<span class="_ _5"/>an<span class="_ _5"/>ted r<span class="_ _5"/>ig<span class="_ _5"/>h<span class="_ _5"/>t to res<span class="_ _5"/>t<span class="_ _5"/>r<span class="_ _5"/>ic<span class="_ _5"/>te<span class="_ _5"/>d sh<span class="_ _5"/>ar<span class="_ _5"/>e un<span class="_ _5"/>it<span class="_ _5"/>s i<span class="_ _5"/>s me<span class="_ _5"/>as<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ure<span class="_ _5"/>d at t<span class="_ _5"/>h<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>al<span class="_ _5"/>ue of t<span class="_ _5"/>h<span class="_ _5"/>e sha<span class="_ _5"/>re<span class="_ _5"/>s at t<span class="_ _5"/>he d<span class="_ _5"/>at<span class="_ _5"/>e of gr<span class="_ _5"/>an<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">us<span class="_ _5"/>in<span class="_ _5"/>g a vol<span class="_ _5"/>um<span class="_ _5"/>e we<span class="_ _5"/>ig<span class="_ _5"/>hte<span class="_ _5"/>d ave<span class="_ _5"/>ra<span class="_ _5"/>ge s<span class="_ _5"/>ha<span class="_ _5"/>re p<span class="_ _5"/>ri<span class="_ _5"/>ce<span class="_ _5"/>(<span class="_ _5"/>V<span class="_ _3"/>WAP<span class="_ _5"/>). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>alu<span class="_ _5"/>e of t<span class="_ _5"/>he s<span class="_ _5"/>ha<span class="_ _5"/>re o<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>ns a<span class="_ _5"/>wa<span class="_ _5"/>rd<span class="_ _5"/>ed i<span class="_ _5"/>s ba<span class="_ _5"/>se<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the<span class="_ _0"/> Black-Scholes model.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>alu<span class="_ _5"/>e of t<span class="_ _5"/>he g<span class="_ _5"/>r<span class="_ _5"/>an<span class="_ _5"/>ted r<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _5"/>s t<span class="_ _5"/>o res<span class="_ _5"/>t<span class="_ _5"/>ri<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d sh<span class="_ _5"/>are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">un<span class="_ _5"/>it<span class="_ _5"/>s a<span class="_ _5"/>nd aw<span class="_ _5"/>ar<span class="_ _5"/>de<span class="_ _5"/>d ri<span class="_ _5"/>gh<span class="_ _5"/>t<span class="_ _5"/>s to s<span class="_ _5"/>ha<span class="_ _5"/>re op<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>ns i<span class="_ _5"/>s no<span class="_ _5"/>t sub<span class="_ _3"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sequently adjust<span class="_ _0"/>ed. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the c<span class="_ _0"/>onsolidated financial statements, the costs are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as s<span class="_ _5"/>t<span class="_ _5"/>af<span class="_ _5"/>f c<span class="_ _5"/>os<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in e<span class="_ _5"/>qu<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">over<span class="_ _0"/> the vesting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In t<span class="_ _5"/>he p<span class="_ _5"/>ar<span class="_ _5"/>en<span class="_ _5"/>t com<span class="_ _5"/>pa<span class="_ _5"/>ny, cos<span class="_ _5"/>t<span class="_ _5"/>s a<span class="_ _5"/>ss<span class="_ _5"/>oci<span class="_ _5"/>at<span class="_ _5"/>ed w<span class="_ _5"/>it<span class="_ _5"/>h t<span class="_ _5"/>he L<span class="_ _0"/>TI </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">programmes related<span class="_ _0"/> to participants employed by<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiaries are charged t<span class="_ _0"/>o the subsidiaries. The L<span class="_ _1"/>TI </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">programmes are<span class="_ _0"/> classified as equity<span class="_ _5"/>-set<span class="_ _5"/>tled plans.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ear<span class="_ _5"/>nin<span class="_ _5"/>gs p<span class="_ _5"/>er sh<span class="_ _5"/>are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bo<span class="_ _5"/>th e<span class="_ _5"/>ar<span class="_ _5"/>ni<span class="_ _5"/>ng<span class="_ _5"/>s pe<span class="_ _5"/>r sh<span class="_ _5"/>ar<span class="_ _5"/>e (E<span class="_ _5"/>PS<span class="_ _5"/>) an<span class="_ _5"/>d di<span class="_ _5"/>lu<span class="_ _5"/>te<span class="_ _5"/>d ea<span class="_ _5"/>rn<span class="_ _5"/>in<span class="_ _5"/>gs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>r sh<span class="_ _5"/>are (<span class="_ _5"/>E<span class="_ _5"/>PS<span class="_ _3"/>-<span class="_ _5"/>D) a<span class="_ _5"/>re pr<span class="_ _5"/>es<span class="_ _5"/>en<span class="_ _5"/>ted<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EP<span class="_ _5"/>S is c<span class="_ _5"/>a<span class="_ _5"/>lcu<span class="_ _5"/>la<span class="_ _5"/>te<span class="_ _5"/>d as p<span class="_ _5"/>rof<span class="_ _3"/>it fo<span class="_ _5"/>r t<span class="_ _5"/>he ye<span class="_ _5"/>ar d<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>d by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">weighted a<span class="_ _0"/>verage number<span class="_ _0"/> of shares<span class="_ _0"/> oustanding<span class="_ _5"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">excluding treasury shares.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> EP<span class="_ _5"/>S<span class="_ _5"/>-<span class="_ _3"/>D is c<span class="_ _5"/>al<span class="_ _5"/>cu<span class="_ _5"/>lat<span class="_ _5"/>ed a<span class="_ _5"/>s pr<span class="_ _5"/>of<span class="_ _5"/>i<span class="_ _5"/>t fo<span class="_ _5"/>r th<span class="_ _5"/>e yea<span class="_ _5"/>r di<span class="_ _5"/>v<span class="_ _5"/>id<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by we<span class="_ _0"/>ighted average<span class="_ _0"/> number of<span class="_ _0"/> shares oustanding, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ad<span class="_ _5"/>ju<span class="_ _5"/>st<span class="_ _5"/>ed f<span class="_ _5"/>or t<span class="_ _5"/>he d<span class="_ _5"/>il<span class="_ _5"/>ut<span class="_ _5"/>i<span class="_ _5"/>ve ef<span class="_ _3"/>fec<span class="_ _3"/>t of re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _5"/>t<span class="_ _5"/>ed s<span class="_ _5"/>ha<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">un<span class="_ _5"/>it<span class="_ _5"/>s<span class="_ _5"/>. On<span class="_ _5"/>l<span class="_ _5"/>y in<span class="_ _5"/>st<span class="_ _5"/>r<span class="_ _5"/>um<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s th<span class="_ _5"/>at h<span class="_ _5"/>ave a d<span class="_ _5"/>il<span class="_ _5"/>ut<span class="_ _5"/>i<span class="_ _5"/>ve ef<span class="_ _3"/>fec<span class="_ _3"/>t are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">included in dilut<span class="_ _0"/>ed EPS.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reven<span class="_ _0"/>ue</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reve<span class="_ _0"/>nue comprises<span class="_ _0"/> completed<span class="_ _0"/> construc<span class="_ _5"/>tion contracts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and construction contract<span class="_ _5"/>s in<span class="_ _0"/> progress (<span class="_ _0"/>contracted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sa<span class="_ _5"/>le<span class="_ _5"/>s), s<span class="_ _5"/>al<span class="_ _5"/>e of la<span class="_ _5"/>nd p<span class="_ _5"/>lo<span class="_ _5"/>t<span class="_ _5"/>s an<span class="_ _5"/>d sh<span class="_ _5"/>ow h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s, a<span class="_ _5"/>nd s<span class="_ _5"/>al<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of show<span class="_ _0"/> houses (<span class="_ _0"/>non-<span class="_ _5"/>contrac<span class="_ _5"/>ted sales).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">It i<span class="_ _5"/>s co<span class="_ _5"/>ns<span class="_ _5"/>id<span class="_ _5"/>ere<span class="_ _5"/>d ap<span class="_ _5"/>p<span class="_ _5"/>rop<span class="_ _5"/>ri<span class="_ _5"/>at<span class="_ _5"/>e to re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se t<span class="_ _5"/>he s<span class="_ _5"/>al<span class="_ _5"/>e of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">propert<span class="_ _5"/>ies through<span class="_ _0"/> divestment of companies<span class="_ _0"/> in ac<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cor<span class="_ _5"/>da<span class="_ _5"/>nce w<span class="_ _5"/>i<span class="_ _5"/>th I<span class="_ _5"/>F<span class="_ _5"/>RS 15 a<span class="_ _5"/>nd n<span class="_ _5"/>ot a<span class="_ _5"/>s di<span class="_ _5"/>ve<span class="_ _5"/>s<span class="_ _5"/>ted c<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>nie<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">un<span class="_ _5"/>de<span class="_ _5"/>r IF<span class="_ _5"/>RS 1<span class="_ _5"/>0 as i<span class="_ _5"/>t i<span class="_ _5"/>s an a<span class="_ _5"/>ss<span class="_ _5"/>et t<span class="_ _5"/>ha<span class="_ _5"/>t is b<span class="_ _5"/>ei<span class="_ _5"/>ng d<span class="_ _5"/>i<span class="_ _5"/>ves<span class="_ _5"/>te<span class="_ _5"/>d, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not a c<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny w<span class="_ _5"/>it<span class="_ _5"/>h a bu<span class="_ _5"/>si<span class="_ _5"/>ne<span class="_ _5"/>ss<span class="_ _5"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>ted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>ted sales<span class="_ _0"/> are recognised<span class="_ _0"/> over<span class="_ _0"/> time accord<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ing to<span class="_ _0"/> the perc<span class="_ _0"/>entage<span class="_ _5"/>-of-<span class="_ _5"/>completion method bas<span class="_ _0"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on estimated<span class="_ _0"/> construc<span class="_ _5"/>tion time,<span class="_ _0"/> as all performance<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obligations are<span class="_ _0"/> fulfilled on an ongo<span class="_ _0"/>ing basis thr<span class="_ _0"/>ough<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">out the c<span class="_ _0"/>onstruc<span class="_ _5"/>tion period. The<span class="_ _0"/> contracted sales </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract<span class="_ _5"/>s are<span class="_ _0"/> considered<span class="_ _0"/> to c<span class="_ _0"/>omprise only one<span class="_ _0"/> perfor<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mance obligation, as<span class="_ _0"/> all components are<span class="_ _0"/> considered </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>ter<span class="_ _5"/>re<span class="_ _5"/>la<span class="_ _5"/>ted<span class="_ _5"/>, an<span class="_ _5"/>d an<span class="_ _5"/>y ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s to t<span class="_ _5"/>he sc<span class="_ _5"/>op<span class="_ _5"/>e of a co<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tr<span class="_ _5"/>ac<span class="_ _3"/>t wi<span class="_ _5"/>ll t<span class="_ _5"/>he<span class="_ _5"/>ref<span class="_ _5"/>ore b<span class="_ _5"/>e re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed a<span class="_ _5"/>s ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s to th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">original contract and not<span class="_ _0"/> as a s<span class="_ _0"/>eparate performance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obligation. The Group<span class="_ _0"/> is primarily responsible f<span class="_ _0"/>or the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fulfilmen<span class="_ _5"/>t of<span class="_ _0"/> the performance obligation and carries<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the risks r<span class="_ _0"/>elated to<span class="_ _0"/> the construction and is<span class="_ _0"/> therefore<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considered t<span class="_ _0"/>o act as the<span class="_ _0"/> principal.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e con<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t<span class="_ _5"/>s are n<span class="_ _5"/>ot a<span class="_ _5"/>ss<span class="_ _5"/>es<span class="_ _5"/>se<span class="_ _5"/>d to h<span class="_ _5"/>ave a si<span class="_ _5"/>gn<span class="_ _5"/>if<span class="_ _3"/>ic<span class="_ _5"/>an<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financing component. The time value<span class="_ _0"/> of the<span class="_ _0"/> transac<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on p<span class="_ _5"/>ri<span class="_ _5"/>ce fo<span class="_ _5"/>r co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s w<span class="_ _5"/>it<span class="_ _5"/>h a du<span class="_ _5"/>r<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n th<span class="_ _5"/>at ex<span class="_ _5"/>cee<span class="_ _5"/>ds </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">12 months, and<span class="_ _0"/> limited on-account payments, is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>ss<span class="_ _5"/>ed to b<span class="_ _5"/>e in<span class="_ _5"/>si<span class="_ _5"/>gn<span class="_ _5"/>if<span class="_ _3"/>ica<span class="_ _5"/>n<span class="_ _5"/>t, a<span class="_ _5"/>s t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up d<span class="_ _5"/>oe<span class="_ _5"/>s no<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>su<span class="_ _5"/>me t<span class="_ _5"/>he m<span class="_ _5"/>ai<span class="_ _5"/>n pa<span class="_ _5"/>r<span class="_ _5"/>t of t<span class="_ _5"/>h<span class="_ _5"/>e cos<span class="_ _5"/>t<span class="_ _5"/>s u<span class="_ _5"/>nt<span class="_ _5"/>il t<span class="_ _5"/>h<span class="_ _5"/>e en<span class="_ _5"/>d of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the c<span class="_ _0"/>ontrac<span class="_ _5"/>t phas<span class="_ _0"/>e.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>ere<span class="_ _5"/>fo<span class="_ _5"/>re, an a<span class="_ _5"/>d<span class="_ _5"/>ju<span class="_ _5"/>st<span class="_ _5"/>m<span class="_ _5"/>en<span class="_ _5"/>t of t<span class="_ _5"/>he t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>ac<span class="_ _3"/>ti<span class="_ _5"/>on p<span class="_ _5"/>ri<span class="_ _5"/>ce wi<span class="_ _5"/>t<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">regards to<span class="_ _0"/> a financing component<span class="_ _0"/> in the c<span class="_ _0"/>ontrac<span class="_ _5"/>t<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wi<span class="_ _5"/>t<span class="_ _5"/>h cus<span class="_ _5"/>t<span class="_ _5"/>om<span class="_ _5"/>er<span class="_ _5"/>s is n<span class="_ _5"/>ot r<span class="_ _5"/>eq<span class="_ _5"/>ui<span class="_ _5"/>red<span class="_ _5"/>. Pa<span class="_ _5"/>ym<span class="_ _5"/>en<span class="_ _5"/>t i<span class="_ _5"/>s t<span class="_ _5"/>yp<span class="_ _5"/>ic<span class="_ _5"/>a<span class="_ _5"/>ll<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">du<span class="_ _5"/>e at t<span class="_ _5"/>he t<span class="_ _5"/>im<span class="_ _5"/>e of f<span class="_ _5"/>i<span class="_ _5"/>na<span class="_ _5"/>l de<span class="_ _5"/>li<span class="_ _5"/>ve<span class="_ _5"/>r<span class="_ _5"/>y o<span class="_ _5"/>f th<span class="_ _5"/>e con<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>uc<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on<span class="_ _5"/>, ho<span class="_ _5"/>weve<span class="_ _5"/>r a sm<span class="_ _5"/>al<span class="_ _5"/>l de<span class="_ _5"/>po<span class="_ _5"/>si<span class="_ _5"/>t is p<span class="_ _5"/>ai<span class="_ _5"/>d up<span class="_ _5"/>on c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">negotiation. The Group<span class="_ _0"/> receives a<span class="_ _0"/> bank guarantee<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in co<span class="_ _5"/>nn<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>on w<span class="_ _5"/>it<span class="_ _5"/>h t<span class="_ _5"/>he s<span class="_ _5"/>t<span class="_ _5"/>ar<span class="_ _5"/>t<span class="_ _5"/>-<span class="_ _5"/>up of e<span class="_ _5"/>ac<span class="_ _5"/>h co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is entitled to<span class="_ _0"/> payment for<span class="_ _0"/> work performed, including<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit<span class="_ _5"/>, during the<span class="_ _0"/> project<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t m<span class="_ _5"/>od<span class="_ _5"/>if<span class="_ _3"/>ica<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>ns a<span class="_ _5"/>re re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d w<span class="_ _5"/>he<span class="_ _5"/>n th<span class="_ _5"/>ey </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hav<span class="_ _5"/>e be<span class="_ _5"/>en a<span class="_ _5"/>pp<span class="_ _5"/>rov<span class="_ _5"/>ed by a<span class="_ _5"/>ll p<span class="_ _5"/>ar<span class="_ _3"/>ti<span class="_ _5"/>es to t<span class="_ _5"/>h<span class="_ _5"/>e con<span class="_ _5"/>tr<span class="_ _5"/>a<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e tr<span class="_ _5"/>an<span class="_ _5"/>sf<span class="_ _5"/>er o<span class="_ _5"/>f con<span class="_ _5"/>t<span class="_ _5"/>rol a<span class="_ _5"/>nd r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>ni<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f reve<span class="_ _5"/>nu<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are det<span class="_ _0"/>ermined using input methods<span class="_ _0"/> based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">construct<span class="_ _5"/>ion days<span class="_ _0"/> incurred<span class="_ _0"/> relative to<span class="_ _0"/> total estimated<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">construct<span class="_ _5"/>ion time<span class="_ _0"/> for the c<span class="_ _0"/>ontrac<span class="_ _5"/>ts, as these<span class="_ _0"/> methods </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are c<span class="_ _0"/>onsidered to<span class="_ _0"/> best depict the continuous transfer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>l. I<span class="_ _5"/>n al<span class="_ _5"/>l ma<span class="_ _5"/>te<span class="_ _5"/>ri<span class="_ _5"/>al re<span class="_ _5"/>sp<span class="_ _5"/>ec<span class="_ _3"/>t<span class="_ _5"/>s, t<span class="_ _5"/>he m<span class="_ _5"/>et<span class="_ _5"/>ho<span class="_ _5"/>d e<span class="_ _5"/>qu<span class="_ _5"/>al<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the cos<span class="_ _5"/>t-t<span class="_ _5"/>o<span class="_ _5"/>-<span class="_ _5"/>cost m<span class="_ _5"/>etho<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e sel<span class="_ _5"/>li<span class="_ _5"/>ng p<span class="_ _5"/>r<span class="_ _5"/>ice i<span class="_ _5"/>s me<span class="_ _5"/>as<span class="_ _5"/>ure<span class="_ _5"/>d by re<span class="_ _5"/>fe<span class="_ _5"/>ren<span class="_ _5"/>ce to t<span class="_ _5"/>he t<span class="_ _5"/>ot<span class="_ _5"/>al </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d inc<span class="_ _5"/>om<span class="_ _5"/>e fr<span class="_ _5"/>om e<span class="_ _5"/>ach c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t an<span class="_ _5"/>d th<span class="_ _5"/>e s<span class="_ _5"/>ta<span class="_ _5"/>ge o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">completion at<span class="_ _0"/> the reporting date.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> expenses incremental c<span class="_ _0"/>ost<span class="_ _5"/>s of<span class="_ _0"/> obtaining a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract<span class="_ _5"/>, as<span class="_ _0"/> the amortisat<span class="_ _5"/>ion period<span class="_ _0"/> of the<span class="_ _0"/> asset that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e en<span class="_ _5"/>ti<span class="_ _5"/>t<span class="_ _5"/>y o<span class="_ _5"/>th<span class="_ _5"/>er<span class="_ _3"/>wi<span class="_ _5"/>se w<span class="_ _5"/>ou<span class="_ _5"/>ld h<span class="_ _5"/>ave re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed i<span class="_ _5"/>s le<span class="_ _5"/>ss </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">than one y<span class="_ _0"/>ear<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Co<span class="_ _5"/>st<span class="_ _3"/>s in co<span class="_ _5"/>nn<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n w<span class="_ _5"/>it<span class="_ _5"/>h sa<span class="_ _5"/>le<span class="_ _5"/>s wo<span class="_ _5"/>rk t<span class="_ _5"/>o se<span class="_ _5"/>cur<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s ar<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s in t<span class="_ _5"/>he i<span class="_ _5"/>nco<span class="_ _5"/>m<span class="_ _5"/>e st<span class="_ _5"/>at<span class="_ _5"/>e<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment in the<span class="_ _0"/> financial year in<span class="_ _0"/> which they<span class="_ _0"/> are incurred.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>contrac<span class="_ _5"/>ted sales</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r no<span class="_ _5"/>n<span class="_ _5"/>-<span class="_ _5"/>co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d sa<span class="_ _5"/>le<span class="_ _5"/>s<span class="_ _5"/>, reve<span class="_ _5"/>nu<span class="_ _5"/>e is r<span class="_ _5"/>eco<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed i<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the income<span class="_ _0"/> statement when the performance obli<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ga<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s fu<span class="_ _5"/>lf<span class="_ _3"/>ill<span class="_ _5"/>e<span class="_ _5"/>d. T<span class="_ _5"/>hi<span class="_ _5"/>s is d<span class="_ _5"/>ef<span class="_ _5"/>i<span class="_ _5"/>ne<span class="_ _5"/>d as t<span class="_ _5"/>he p<span class="_ _5"/>oi<span class="_ _5"/>nt i<span class="_ _5"/>n t<span class="_ _5"/>im<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">when control<span class="_ _0"/> of the<span class="_ _0"/> non-<span class="_ _5"/>contracted construc<span class="_ _5"/>tion (sale<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of la<span class="_ _5"/>nd p<span class="_ _5"/>l<span class="_ _5"/>ot or s<span class="_ _5"/>al<span class="_ _5"/>es o<span class="_ _5"/>f ho<span class="_ _5"/>us<span class="_ _5"/>es co<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ru<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d on o<span class="_ _5"/>wn </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">la<span class="_ _5"/>nd fo<span class="_ _5"/>r w<span class="_ _5"/>hic<span class="_ _5"/>h no c<span class="_ _5"/>us<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n en<span class="_ _5"/>te<span class="_ _5"/>red </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>to be<span class="_ _5"/>fo<span class="_ _5"/>re co<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ru<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n st<span class="_ _5"/>a<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>s) i<span class="_ _5"/>s tr<span class="_ _5"/>an<span class="_ _5"/>sf<span class="_ _5"/>er<span class="_ _5"/>re<span class="_ _5"/>d to t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er, the a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of r<span class="_ _5"/>eve<span class="_ _5"/>nu<span class="_ _5"/>e ca<span class="_ _5"/>n be m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>red </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rel<span class="_ _5"/>ia<span class="_ _5"/>bl<span class="_ _5"/>y a<span class="_ _5"/>nd co<span class="_ _5"/>ll<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s pr<span class="_ _5"/>ob<span class="_ _5"/>ab<span class="_ _5"/>le. T<span class="_ _5"/>he t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>f<span class="_ _5"/>er of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>t<span class="_ _5"/>rol t<span class="_ _5"/>o cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er<span class="_ _5"/>s t<span class="_ _5"/>akes p<span class="_ _5"/>l<span class="_ _5"/>ace a<span class="_ _5"/>cco<span class="_ _5"/>rdi<span class="_ _5"/>ng t<span class="_ _5"/>o ag<span class="_ _5"/>re<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">delivery dates. Furthermore,<span class="_ _0"/> revenue<span class="_ _0"/> is only r<span class="_ _0"/>ecog<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">nised when it<span class="_ _0"/> is highly probable<span class="_ _0"/> that a significant </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reversal o<span class="_ _0"/>f the re<span class="_ _0"/>venue amount<span class="_ _0"/> will not occ<span class="_ _0"/>ur<span class="_ _0"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cos<span class="_ _5"/>t of s<span class="_ _5"/>al<span class="_ _5"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">St<span class="_ _5"/>af<span class="_ _5"/>f c<span class="_ _5"/>os<span class="_ _5"/>t<span class="_ _5"/>s, c<span class="_ _5"/>os<span class="_ _5"/>t<span class="_ _5"/>s of r<span class="_ _5"/>aw m<span class="_ _5"/>ate<span class="_ _5"/>ri<span class="_ _5"/>al<span class="_ _5"/>s<span class="_ _5"/>, cos<span class="_ _5"/>t<span class="_ _5"/>s of s<span class="_ _5"/>ub<span class="_ _5"/>co<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tr<span class="_ _5"/>ac<span class="_ _3"/>tor<span class="_ _5"/>s<span class="_ _5"/>, wo<span class="_ _5"/>rk p<span class="_ _5"/>er<span class="_ _5"/>f<span class="_ _5"/>or<span class="_ _5"/>me<span class="_ _5"/>d by t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up'<span class="_ _5"/>s en<span class="_ _5"/>t<span class="_ _5"/>it<span class="_ _5"/>ie<span class="_ _5"/>s an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised and consumables<span class="_ _0"/> incurred in<span class="_ _0"/> generating </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e reve<span class="_ _5"/>nu<span class="_ _5"/>e fo<span class="_ _5"/>r th<span class="_ _5"/>e ye<span class="_ _5"/>ar. Cos<span class="_ _5"/>t o<span class="_ _5"/>f sa<span class="_ _5"/>le<span class="_ _5"/>s al<span class="_ _5"/>so i<span class="_ _5"/>nd<span class="_ _5"/>ud<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">st<span class="_ _5"/>af<span class="_ _3"/>f cos<span class="_ _5"/>t<span class="_ _5"/>s r<span class="_ _5"/>el<span class="_ _5"/>ate<span class="_ _5"/>d to ho<span class="_ _5"/>ur<span class="_ _5"/>l<span class="_ _5"/>y wo<span class="_ _5"/>rker<span class="_ _5"/>s u<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>he p<span class="_ _5"/>ro<span class="_ _3"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">duction at the factories.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other external expenses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other external expenses includes<span class="_ _0"/> the period’s<span class="_ _0"/> ex<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">penses relating t<span class="_ _0"/>o the Group<span class="_ _0"/>’s<span class="_ _0"/> core activities, includ<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ing expenses<span class="_ _0"/> relating t<span class="_ _0"/>o distribution, sales, advertis<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ing, administration, premises,<span class="_ _0"/> bad debts, low-value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and short-term leases,<span class="_ _0"/> etc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other operating income</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other operating income includes<span class="_ _0"/> income from<span class="_ _0"/> sec<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ondary ac<span class="_ _5"/>tivities such as<span class="_ _0"/> gains/losses from sale<span class="_ _0"/> of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">propert<span class="_ _5"/>y,<span class="_ _0"/> plant and equipment.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Staff costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Staff cost<span class="_ _5"/>s include</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Staff costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">Staff cost<span class="_ _5"/>s include</span></span><span class="_ _0"/> wages and salaries,<span class="_ _0"/> including </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">compensated<span class="_ _0"/> absence,<span class="_ _0"/> share-<span class="_ _5"/>based pa<span class="_ _0"/>yment<span class="_ _5"/>s and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pensions, as<span class="_ _0"/> well as<span class="_ _0"/> other social<span class="_ _0"/> security contribu<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on<span class="_ _5"/>s, e<span class="_ _5"/>tc<span class="_ _5"/>. ma<span class="_ _5"/>de t<span class="_ _5"/>o th<span class="_ _5"/>e G<span class="_ _5"/>rou<span class="_ _5"/>p’s em<span class="_ _5"/>pl<span class="_ _5"/>oye<span class="_ _5"/>es<span class="_ _5"/>. St<span class="_ _5"/>af<span class="_ _5"/>f c<span class="_ _5"/>os<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for h<span class="_ _5"/>ou<span class="_ _5"/>rl<span class="_ _5"/>y w<span class="_ _5"/>or<span class="_ _5"/>ker<span class="_ _5"/>s is r<span class="_ _5"/>eco<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed a<span class="_ _5"/>s co<span class="_ _5"/>st o<span class="_ _5"/>f sa<span class="_ _5"/>le<span class="_ _5"/>s are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exclu<span class="_ _5"/>de<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ite<span class="_ _5"/>m is n<span class="_ _5"/>et o<span class="_ _5"/>f ref<span class="_ _5"/>un<span class="_ _5"/>ds m<span class="_ _5"/>ad<span class="_ _5"/>e by p<span class="_ _5"/>ub<span class="_ _5"/>li<span class="_ _5"/>c au<span class="_ _5"/>t<span class="_ _5"/>ho<span class="_ _5"/>ri<span class="_ _5"/>ti<span class="_ _5"/>es<span class="_ _5"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Staff costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">Staff cost<span class="_ _5"/>s include</span></span><span class="_ _0"/> wages and salaries,<span class="_ _0"/> including </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">compensated<span class="_ _0"/> absence,<span class="_ _0"/> share-<span class="_ _5"/>based pa<span class="_ _0"/>yment<span class="_ _5"/>s and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pensions, as<span class="_ _0"/> well as<span class="_ _0"/> other social<span class="_ _0"/> security contribu<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on<span class="_ _5"/>s, e<span class="_ _5"/>tc<span class="_ _5"/>. ma<span class="_ _5"/>de t<span class="_ _5"/>o th<span class="_ _5"/>e G<span class="_ _5"/>rou<span class="_ _5"/>p’s em<span class="_ _5"/>pl<span class="_ _5"/>oye<span class="_ _5"/>es<span class="_ _5"/>. St<span class="_ _5"/>af<span class="_ _5"/>f c<span class="_ _5"/>os<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for h<span class="_ _5"/>ou<span class="_ _5"/>rl<span class="_ _5"/>y w<span class="_ _5"/>or<span class="_ _5"/>ker<span class="_ _5"/>s is r<span class="_ _5"/>eco<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed a<span class="_ _5"/>s co<span class="_ _5"/>st o<span class="_ _5"/>f sa<span class="_ _5"/>le<span class="_ _5"/>s are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exclu<span class="_ _5"/>de<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ite<span class="_ _5"/>m is n<span class="_ _5"/>et o<span class="_ _5"/>f ref<span class="_ _5"/>un<span class="_ _5"/>ds m<span class="_ _5"/>ad<span class="_ _5"/>e by p<span class="_ _5"/>ub<span class="_ _5"/>li<span class="_ _5"/>c au<span class="_ _5"/>t<span class="_ _5"/>ho<span class="_ _5"/>ri<span class="_ _5"/>ti<span class="_ _5"/>es<span class="_ _5"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.1<span class="ff48 fc0 lsae wsc1"> Inv<span class="_ _5"/>e<span class="_ _5"/>n<span class="_ _5"/>to<span class="_ _5"/>r<span class="_ _5"/>i<span class="_ _5"/>e<span class="_ _5"/>s</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:336.8125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Raw materials</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 391.207px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,870</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">26,618</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 573.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Show houses and houses for sale</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 294.387px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">167,597</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">117,134</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Land</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 432.375px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">95,067</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">91,323</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 574.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Write-down inventories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 360.785px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-735</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-735</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 574.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal inventories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.607px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">290,799</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">234,340</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 141.201px; width: 573.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Committed sales awaiting transfer of control</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 253.435px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,403</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">62,791</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 160.561px; width: 573.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inventories available for sale</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.058px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">278,396</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">171,549</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 447.047px; top: 179.904px; width: 127.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">290,799</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">234,340</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 219.467px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 254.42px; width: 122.59px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Write-down of inventories</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 272.482px; width: 573.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Write-down at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.815px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">735</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">735</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 290.561px; width: 573.955px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Realised in cost of sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 372.539px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 308.623px; width: 573.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reversed during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.34px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 326.701px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Write-down at 31 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 345.973px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">735</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">735</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Inventories<span class="_ _0"/> available<span class="_ _0"/> for sale<span class="_ _0"/> comprise raw<span class="_ _0"/> materials, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">la<span class="_ _5"/>nd a<span class="_ _5"/>nd h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s con<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>uc<span class="_ _5"/>t<span class="_ _5"/>ed o<span class="_ _5"/>n ow<span class="_ _5"/>n la<span class="_ _5"/>nd f<span class="_ _5"/>or w<span class="_ _5"/>hi<span class="_ _5"/>ch </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">no cu<span class="_ _5"/>s<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r con<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t ha<span class="_ _5"/>s be<span class="_ _5"/>en e<span class="_ _5"/>nt<span class="_ _5"/>ere<span class="_ _5"/>d in<span class="_ _5"/>to b<span class="_ _5"/>ef<span class="_ _5"/>ore </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">con<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>uc<span class="_ _3"/>ti<span class="_ _5"/>on s<span class="_ _5"/>t<span class="_ _5"/>ar<span class="_ _5"/>t<span class="_ _5"/>s (<span class="_ _5"/>t<span class="_ _5"/>y<span class="_ _5"/>p<span class="_ _5"/>ic<span class="_ _5"/>all<span class="_ _5"/>y s<span class="_ _5"/>how h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s). A<span class="_ _5"/>s t<span class="_ _5"/>h<span class="_ _5"/>ese </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ho<span class="_ _5"/>us<span class="_ _5"/>es a<span class="_ _5"/>re co<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ru<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d bef<span class="_ _5"/>or<span class="_ _5"/>e be<span class="_ _5"/>in<span class="_ _5"/>g so<span class="_ _5"/>ld<span class="_ _5"/>, th<span class="_ _5"/>ey a<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as i<span class="_ _5"/>nve<span class="_ _5"/>nto<span class="_ _5"/>r<span class="_ _5"/>ies<span class="_ _5"/>, a<span class="_ _5"/>nd c<span class="_ _5"/>an t<span class="_ _5"/>he<span class="_ _5"/>ref<span class="_ _5"/>or<span class="_ _5"/>e not b<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognis<span class="_ _0"/>ed as<span class="_ _0"/> contracted work<span class="_ _0"/>-in-progress.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Committed sales awaiting<span class="_ _0"/> transfer of<span class="_ _0"/> control rep<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">resents show houses<span class="_ _0"/> and land<span class="_ _0"/> sold at the<span class="_ _0"/> balance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sh<span class="_ _5"/>ee<span class="_ _5"/>t da<span class="_ _5"/>te bu<span class="_ _5"/>t fo<span class="_ _5"/>r wh<span class="_ _5"/>ic<span class="_ _5"/>h th<span class="_ _5"/>e t<span class="_ _5"/>ra<span class="_ _5"/>ns<span class="_ _5"/>fe<span class="_ _5"/>r<span class="_ _5"/>s of co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>l to t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">customer has<span class="_ _0"/> not occ<span class="_ _0"/>urred due<span class="_ _0"/> to land<span class="_ _0"/> registration </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">missing or<span class="_ _0"/> other conditions<span class="_ _0"/> outs<span class="_ _5"/>tanding.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The valuation o<span class="_ _0"/>f show houses<span class="_ _0"/> involves<span class="_ _0"/> inherent uncer<span class="_ _0"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ta<span class="_ _5"/>in<span class="_ _5"/>ti<span class="_ _5"/>es d<span class="_ _5"/>ue t<span class="_ _5"/>o th<span class="_ _5"/>e su<span class="_ _5"/>bje<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>ve na<span class="_ _5"/>tu<span class="_ _5"/>re of m<span class="_ _5"/>ar<span class="_ _5"/>ket t<span class="_ _5"/>re<span class="_ _5"/>nd<span class="_ _5"/>s, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consumer pre<span class="_ _0"/>ferences, and<span class="_ _0"/> the unique characteristics </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of re<span class="_ _5"/>al e<span class="_ _5"/>st<span class="_ _5"/>a<span class="_ _5"/>te as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s. M<span class="_ _5"/>a<span class="_ _5"/>nag<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t m<span class="_ _5"/>akes a c<span class="_ _5"/>om<span class="_ _5"/>pre<span class="_ _3"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hensive assessment, c<span class="_ _0"/>onsidering factors such<span class="_ _0"/> as:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls5 ws4">Current<span class="_ _0"/> market<span class="_ _0"/> conditions</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _184"/>•<span class="_ _b"> </span><span class="ff2 fc3 ls5 ws4">Comparable property valuations</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e hou<span class="_ _5"/>se<span class="_ _5"/>s ar<span class="_ _5"/>e me<span class="_ _5"/>as<span class="_ _5"/>ure<span class="_ _5"/>d an<span class="_ _5"/>d re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d at c<span class="_ _5"/>os<span class="_ _5"/>t an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">therefore<span class="_ _0"/> limited write-down risk exists.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _3"/>4<span class="ff48 fc0 lsad wsae"> <span class="_ _5c"> </span>Pro<span class="_ _0"/>visions and other<span class="_ _5"/> commitments</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:187.140625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 33.6855px; width: 573.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Guarantee provision at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 295.371px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">73,294</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55,352</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 49.2012px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Arising during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 350.748px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">52,189</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">50,898</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 64.7324px; width: 573.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Utilised during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 345.416px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-34,835</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-32,956</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 80.248px; width: 573.826px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Guarantee provision at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 277.219px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">90,648</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">73,294</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 104.264px; width: 193.436px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Presented in the balance sheet as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 119.795px; width: 573.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current liabilities </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.178px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">58,150</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">38,407</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 135.311px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current liabilities </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.521px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,498</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">34,887</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 161.967px; width: 254.309px; white-space: pre; word-spacing: -0.2025px; letter-spacing: 0.2025px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At y</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ear end, the</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> guarantee provision amount</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ed to</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 308.078px; top: 162.029px; width: 258.586px; white-space: pre; word-spacing: -0.21375px; letter-spacing: 0.21375px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">As security for the</span><span style="word-spacing: -0.21375px; letter-spacing: 0.21375px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> Company’s borro</span><span style="word-spacing: -0.21375px; letter-spacing: 0.21375px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">wings, floating </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 176.217px; width: 262.318px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">K 9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">1 mi</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">lli</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on (</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2024: DK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">K 7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">3 mi</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">lli</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">). Pr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ov</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">is</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">io</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ns fo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">r </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 308.078px; top: 176.279px; width: 256.148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ch</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">arg</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">e of n</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">om</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">in</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">al D</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">KK 9 m</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">il</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">li</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on h</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">as b</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ee</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">n gr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">an</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">te</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">d </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fu<span class="_ _5"/>tu<span class="_ _5"/>re co<span class="_ _5"/>st<span class="_ _5"/>s o<span class="_ _5"/>f gu<span class="_ _5"/>ar<span class="_ _5"/>an<span class="_ _5"/>te<span class="_ _5"/>e com<span class="_ _5"/>mi<span class="_ _5"/>t<span class="_ _5"/>me<span class="_ _5"/>nt<span class="_ _5"/>s a<span class="_ _5"/>t on<span class="_ _5"/>e an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f<span class="_ _5"/>iv<span class="_ _5"/>e<span class="_ _5"/>-<span class="_ _5"/>yea<span class="_ _5"/>r rev<span class="_ _5"/>ie<span class="_ _5"/>ws o<span class="_ _5"/>f ho<span class="_ _5"/>us<span class="_ _5"/>es d<span class="_ _5"/>el<span class="_ _5"/>iv<span class="_ _5"/>ere<span class="_ _5"/>d ar<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at t<span class="_ _5"/>he a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>s ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d at t<span class="_ _5"/>he b<span class="_ _5"/>al<span class="_ _5"/>an<span class="_ _5"/>ce sh<span class="_ _5"/>ee<span class="_ _5"/>t da<span class="_ _5"/>te to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be requir<span class="_ _0"/>ed to<span class="_ _0"/> settle the commitment. Furthermore, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the guarantee pr<span class="_ _0"/>ovision includes pro<span class="_ _0"/>vision for curr<span class="_ _0"/>ent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and estimate of<span class="_ _0"/> potential future<span class="_ _0"/> commitments related </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to cr<span class="_ _5"/>um<span class="_ _5"/>bl<span class="_ _5"/>in<span class="_ _5"/>g mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>ar j<span class="_ _5"/>oi<span class="_ _5"/>nt<span class="_ _5"/>s<span class="_ _5"/>. Th<span class="_ _5"/>e es<span class="_ _5"/>t<span class="_ _5"/>im<span class="_ _5"/>ate o<span class="_ _5"/>f ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">future cost<span class="_ _0"/> is inherently subject to<span class="_ _0"/> uncertaint<span class="_ _5"/>y due </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to assumptions<span class="_ _0"/> regarding<span class="_ _0"/> the scope<span class="_ _0"/> of remediation,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">timing and<span class="_ _0"/> cost levels.<span class="_ _0"/> Utilisation of the<span class="_ _0"/> commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at 3<span class="_ _5"/>1 De<span class="_ _5"/>ce<span class="_ _5"/>mb<span class="_ _5"/>er i<span class="_ _5"/>s ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d to b<span class="_ _5"/>e ti<span class="_ _5"/>me<span class="_ _5"/>d ove<span class="_ _5"/>r a 5 yea<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period and the<span class="_ _0"/> value is disc<span class="_ _0"/>ounted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">This estimate<span class="_ _0"/> is based<span class="_ _0"/> on calculations, assessments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by Company<span class="_ _0"/> Management and experienc<span class="_ _0"/>e gained </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from past<span class="_ _0"/> transac<span class="_ _5"/>tions. As security for the<span class="_ _0"/> borrowings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and other liabilities,<span class="_ _0"/> par<span class="_ _5"/>t of<span class="_ _0"/> the assets of HC<span class="_ _0"/> Produc<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on A<span class="_ _3"/>/S h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n pl<span class="_ _5"/>e<span class="_ _5"/>dg<span class="_ _5"/>ed<span class="_ _5"/>. Th<span class="_ _5"/>e ca<span class="_ _5"/>rr<span class="_ _3"/>yi<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the mortgaged assets amounts to<span class="_ _0"/> DKK 58 mill<span class="_ _0"/>ion. It </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>n be s<span class="_ _5"/>pe<span class="_ _5"/>ci<span class="_ _5"/>f<span class="_ _5"/>ie<span class="_ _5"/>d as f<span class="_ _5"/>ol<span class="_ _5"/>lo<span class="_ _5"/>ws<span class="_ _5"/>:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ove<span class="_ _5"/>r th<span class="_ _5"/>e Co<span class="_ _5"/>mp<span class="_ _5"/>an<span class="_ _5"/>y<span class="_ _5"/>’s ass<span class="_ _5"/>et<span class="_ _5"/>s w<span class="_ _5"/>i<span class="_ _5"/>th a c<span class="_ _5"/>ar<span class="_ _5"/>r<span class="_ _5"/>y<span class="_ _5"/>i<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 40 million<span class="_ _0"/> (including leased<span class="_ _0"/> assets).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In a<span class="_ _5"/>dd<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on<span class="_ _5"/>, se<span class="_ _5"/>cur<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>es h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n pr<span class="_ _5"/>ov<span class="_ _5"/>id<span class="_ _5"/>ed i<span class="_ _5"/>n res<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>t o</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">land and<span class="_ _0"/> buildings:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A mo<span class="_ _5"/>r<span class="_ _5"/>tg<span class="_ _5"/>ag<span class="_ _5"/>e of n<span class="_ _5"/>om<span class="_ _5"/>. DK<span class="_ _5"/>K 20 m<span class="_ _5"/>ill<span class="_ _5"/>io<span class="_ _5"/>n an<span class="_ _5"/>d an o<span class="_ _5"/>wn<span class="_ _5"/>er<span class="_ _5"/>’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mo<span class="_ _5"/>r<span class="_ _5"/>tg<span class="_ _5"/>ag<span class="_ _5"/>e of n<span class="_ _5"/>om<span class="_ _5"/>. DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n ar<span class="_ _5"/>e reg<span class="_ _5"/>i<span class="_ _5"/>st<span class="_ _5"/>ere<span class="_ _5"/>d in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">la<span class="_ _5"/>nd a<span class="_ _5"/>nd b<span class="_ _5"/>ui<span class="_ _5"/>ld<span class="_ _5"/>in<span class="_ _5"/>gs w<span class="_ _5"/>it<span class="_ _5"/>h a c<span class="_ _5"/>ar<span class="_ _5"/>r<span class="_ _5"/>y<span class="_ _5"/>in<span class="_ _5"/>g am<span class="_ _5"/>ou<span class="_ _5"/>nt o<span class="_ _5"/>f DK<span class="_ _5"/>K 24 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p is<span class="_ _5"/>, fr<span class="_ _5"/>om t<span class="_ _5"/>im<span class="_ _5"/>e to t<span class="_ _5"/>im<span class="_ _5"/>e, in<span class="_ _5"/>vol<span class="_ _5"/>ve<span class="_ _5"/>d in d<span class="_ _5"/>is<span class="_ _5"/>p<span class="_ _5"/>ute<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ar<span class="_ _5"/>is<span class="_ _5"/>in<span class="_ _5"/>g ou<span class="_ _5"/>t of t<span class="_ _5"/>he n<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>l con<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t o<span class="_ _5"/>f it<span class="_ _5"/>s b<span class="_ _5"/>us<span class="_ _5"/>in<span class="_ _5"/>es<span class="_ _5"/>s. I<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2021<span class="_ _5"/>, t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up i<span class="_ _5"/>ni<span class="_ _5"/>ti<span class="_ _5"/>ate<span class="_ _5"/>d ar<span class="_ _5"/>bi<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>ga<span class="_ _5"/>in<span class="_ _5"/>s<span class="_ _5"/>t a th<span class="_ _5"/>ir<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>y regarding<span class="_ _0"/> a still ongoing<span class="_ _0"/> dispute relat<span class="_ _0"/>ed to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">crumbling mortar joints, reflected in the<span class="_ _0"/> provisions. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s a po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>ive o<span class="_ _5"/>u<span class="_ _5"/>tco<span class="_ _5"/>me of t<span class="_ _5"/>h<span class="_ _5"/>e ar<span class="_ _5"/>bi<span class="_ _5"/>tr<span class="_ _5"/>a<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2024, t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up h<span class="_ _5"/>ad a<span class="_ _5"/>n un<span class="_ _5"/>cer<span class="_ _3"/>ta<span class="_ _5"/>in t<span class="_ _5"/>ax p<span class="_ _5"/>os<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on re<span class="_ _3"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">la<span class="_ _5"/>ti<span class="_ _5"/>ng to t<span class="_ _5"/>a<span class="_ _5"/>x yea<span class="_ _5"/>r<span class="_ _5"/>s 201<span class="_ _5"/>9<span class="_ _5"/>-202<span class="_ _5"/>1. S<span class="_ _5"/>ee N<span class="_ _5"/>o<span class="_ _5"/>te 6.1 fo<span class="_ _5"/>r fu<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>he<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">de<span class="_ _5"/>ta<span class="_ _5"/>il<span class="_ _5"/>s. I<span class="_ _5"/>n Ju<span class="_ _5"/>l<span class="_ _5"/>y 2025, t<span class="_ _5"/>he Tax Aut<span class="_ _5"/>h<span class="_ _5"/>or<span class="_ _5"/>it<span class="_ _5"/>ie<span class="_ _5"/>s pa<span class="_ _5"/>ss<span class="_ _5"/>ed a r<span class="_ _5"/>ul<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g th<span class="_ _5"/>at w<span class="_ _5"/>as i<span class="_ _5"/>n li<span class="_ _5"/>ne w<span class="_ _5"/>it<span class="_ _5"/>h t<span class="_ _5"/>he C<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny<span class="_ _5"/>'<span class="_ _5"/>s exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>ta<span class="_ _5"/>t<span class="_ _5"/>ion<span class="_ _5"/>s<span class="_ _5"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d it<span class="_ _5"/>s e<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t wa<span class="_ _5"/>s al<span class="_ _5"/>re<span class="_ _5"/>ad<span class="_ _5"/>y re<span class="_ _5"/>f<span class="_ _5"/>le<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d an<span class="_ _5"/>d rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the 20<span class="_ _0"/>2<span class="_ _0"/>4 consolidat<span class="_ _0"/>ed financial statements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Collateral</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 4<span class="_ _5"/>4 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n of c<span class="_ _5"/>as<span class="_ _5"/>h an<span class="_ _5"/>d sh<span class="_ _5"/>or<span class="_ _5"/>t<span class="_ _5"/>-t<span class="_ _5"/>er<span class="_ _5"/>m de<span class="_ _5"/>po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>s is h<span class="_ _5"/>el<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in restricted accounts and<span class="_ _0"/> released when the<span class="_ _0"/> com<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pl<span class="_ _5"/>ete<span class="_ _5"/>d ho<span class="_ _5"/>us<span class="_ _5"/>es a<span class="_ _5"/>re d<span class="_ _5"/>el<span class="_ _5"/>iv<span class="_ _5"/>ere<span class="_ _5"/>d to t<span class="_ _5"/>he c<span class="_ _5"/>us<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r<span class="_ _5"/>s (2024: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 8 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n). Re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _3"/>ted a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>s are c<span class="_ _5"/>la<span class="_ _5"/>ss<span class="_ _5"/>if<span class="_ _3"/>ied a<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">other receivables.</span></span><span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Guarantees and securities provided</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s pro<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>d p<span class="_ _5"/>er<span class="_ _5"/>f<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>nce b<span class="_ _5"/>on<span class="_ _5"/>d<span class="_ _5"/>s of DK<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">66 million<span class="_ _0"/> as security for the performance of<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contractor’s obligations<span class="_ _0"/> to the<span class="_ _0"/> customer in<span class="_ _0"/> connection </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with ongoing c<span class="_ _0"/>onstruc<span class="_ _5"/>tion contract<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has furt<span class="_ _5"/>her pro<span class="_ _0"/>vided a performance bond </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of D<span class="_ _5"/>KK 5 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on a<span class="_ _5"/>s se<span class="_ _5"/>cur<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>y fo<span class="_ _5"/>r th<span class="_ _5"/>e pe<span class="_ _5"/>r<span class="_ _5"/>f<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>nce o<span class="_ _5"/>f th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Groups obligations<span class="_ _0"/> to a<span class="_ _0"/> subcontractor.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In addition, the<span class="_ _0"/> Group has<span class="_ _0"/> issued on-<span class="_ _5"/>demand pay<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment guarantees<span class="_ _0"/> of DKK 17<span class="_ _0"/> million in<span class="_ _0"/> favour of<span class="_ _0"/> third </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>ies as<span class="_ _0"/> security for the<span class="_ _0"/> completion of<span class="_ _0"/> infrastruc<span class="_ _5"/>ture</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and site<span class="_ _0"/> development<span class="_ _0"/> works</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>tual obligations</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has no mat<span class="_ _0"/>erial obligations not al<span class="_ _0"/>ready </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as<span class="_ _0"/> liabilities in the<span class="_ _0"/> financial statement<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The loan<span class="_ _0"/> agreement between Nordea, Dansk<span class="_ _0"/>e Bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and HusCompagniet<span class="_ _0"/> A<span class="_ _5"/>/S includes<span class="_ _0"/> a negative pledge<span class="_ _0"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _3"/>4<span class="ff48 fc0 lsad wsae"> <span class="_ _5c"> </span>Pro<span class="_ _0"/>visions and other<span class="_ _5"/> commitments</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:187.140625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 33.6855px; width: 573.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Guarantee provision at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 295.371px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">73,294</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55,352</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 49.2012px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Arising during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 350.748px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">52,189</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">50,898</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 64.7324px; width: 573.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Utilised during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 345.416px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-34,835</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-32,956</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 80.248px; width: 573.826px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Guarantee provision at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 277.219px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">90,648</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">73,294</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 104.264px; width: 193.436px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Presented in the balance sheet as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 119.795px; width: 573.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current liabilities </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.178px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">58,150</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">38,407</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 135.311px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current liabilities </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.521px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,498</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">34,887</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 161.967px; width: 254.309px; white-space: pre; word-spacing: -0.2025px; letter-spacing: 0.2025px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At y</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ear end, the</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> guarantee provision amount</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ed to</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 308.078px; top: 162.029px; width: 258.586px; white-space: pre; word-spacing: -0.21375px; letter-spacing: 0.21375px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">As security for the</span><span style="word-spacing: -0.21375px; letter-spacing: 0.21375px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> Company’s borro</span><span style="word-spacing: -0.21375px; letter-spacing: 0.21375px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">wings, floating </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 176.217px; width: 262.318px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">K 9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">1 mi</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">lli</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on (</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2024: DK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">K 7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">3 mi</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">lli</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">). Pr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ov</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">is</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">io</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ns fo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">r </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 308.078px; top: 176.279px; width: 256.148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ch</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">arg</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">e of n</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">om</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">in</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">al D</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">KK 9 m</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">il</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">li</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on h</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">as b</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ee</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">n gr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">an</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">te</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">d </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fu<span class="_ _5"/>tu<span class="_ _5"/>re co<span class="_ _5"/>st<span class="_ _5"/>s o<span class="_ _5"/>f gu<span class="_ _5"/>ar<span class="_ _5"/>an<span class="_ _5"/>te<span class="_ _5"/>e com<span class="_ _5"/>mi<span class="_ _5"/>t<span class="_ _5"/>me<span class="_ _5"/>nt<span class="_ _5"/>s a<span class="_ _5"/>t on<span class="_ _5"/>e an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f<span class="_ _5"/>iv<span class="_ _5"/>e<span class="_ _5"/>-<span class="_ _5"/>yea<span class="_ _5"/>r rev<span class="_ _5"/>ie<span class="_ _5"/>ws o<span class="_ _5"/>f ho<span class="_ _5"/>us<span class="_ _5"/>es d<span class="_ _5"/>el<span class="_ _5"/>iv<span class="_ _5"/>ere<span class="_ _5"/>d ar<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at t<span class="_ _5"/>he a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>s ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d at t<span class="_ _5"/>he b<span class="_ _5"/>al<span class="_ _5"/>an<span class="_ _5"/>ce sh<span class="_ _5"/>ee<span class="_ _5"/>t da<span class="_ _5"/>te to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be requir<span class="_ _0"/>ed to<span class="_ _0"/> settle the commitment. Furthermore, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the guarantee pr<span class="_ _0"/>ovision includes pro<span class="_ _0"/>vision for curr<span class="_ _0"/>ent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and estimate of<span class="_ _0"/> potential future<span class="_ _0"/> commitments related </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to cr<span class="_ _5"/>um<span class="_ _5"/>bl<span class="_ _5"/>in<span class="_ _5"/>g mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>ar j<span class="_ _5"/>oi<span class="_ _5"/>nt<span class="_ _5"/>s<span class="_ _5"/>. Th<span class="_ _5"/>e es<span class="_ _5"/>t<span class="_ _5"/>im<span class="_ _5"/>ate o<span class="_ _5"/>f ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">future cost<span class="_ _0"/> is inherently subject to<span class="_ _0"/> uncertaint<span class="_ _5"/>y due </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to assumptions<span class="_ _0"/> regarding<span class="_ _0"/> the scope<span class="_ _0"/> of remediation,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">timing and<span class="_ _0"/> cost levels.<span class="_ _0"/> Utilisation of the<span class="_ _0"/> commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at 3<span class="_ _5"/>1 De<span class="_ _5"/>ce<span class="_ _5"/>mb<span class="_ _5"/>er i<span class="_ _5"/>s ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d to b<span class="_ _5"/>e ti<span class="_ _5"/>me<span class="_ _5"/>d ove<span class="_ _5"/>r a 5 yea<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period and the<span class="_ _0"/> value is disc<span class="_ _0"/>ounted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">This estimate<span class="_ _0"/> is based<span class="_ _0"/> on calculations, assessments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by Company<span class="_ _0"/> Management and experienc<span class="_ _0"/>e gained </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from past<span class="_ _0"/> transac<span class="_ _5"/>tions. As security for the<span class="_ _0"/> borrowings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and other liabilities,<span class="_ _0"/> par<span class="_ _5"/>t of<span class="_ _0"/> the assets of HC<span class="_ _0"/> Produc<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on A<span class="_ _3"/>/S h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n pl<span class="_ _5"/>e<span class="_ _5"/>dg<span class="_ _5"/>ed<span class="_ _5"/>. Th<span class="_ _5"/>e ca<span class="_ _5"/>rr<span class="_ _3"/>yi<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the mortgaged assets amounts to<span class="_ _0"/> DKK 58 mill<span class="_ _0"/>ion. It </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>n be s<span class="_ _5"/>pe<span class="_ _5"/>ci<span class="_ _5"/>f<span class="_ _5"/>ie<span class="_ _5"/>d as f<span class="_ _5"/>ol<span class="_ _5"/>lo<span class="_ _5"/>ws<span class="_ _5"/>:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ove<span class="_ _5"/>r th<span class="_ _5"/>e Co<span class="_ _5"/>mp<span class="_ _5"/>an<span class="_ _5"/>y<span class="_ _5"/>’s ass<span class="_ _5"/>et<span class="_ _5"/>s w<span class="_ _5"/>i<span class="_ _5"/>th a c<span class="_ _5"/>ar<span class="_ _5"/>r<span class="_ _5"/>y<span class="_ _5"/>i<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 40 million<span class="_ _0"/> (including leased<span class="_ _0"/> assets).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In a<span class="_ _5"/>dd<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on<span class="_ _5"/>, se<span class="_ _5"/>cur<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>es h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n pr<span class="_ _5"/>ov<span class="_ _5"/>id<span class="_ _5"/>ed i<span class="_ _5"/>n res<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>t o</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">land and<span class="_ _0"/> buildings:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A mo<span class="_ _5"/>r<span class="_ _5"/>tg<span class="_ _5"/>ag<span class="_ _5"/>e of n<span class="_ _5"/>om<span class="_ _5"/>. DK<span class="_ _5"/>K 20 m<span class="_ _5"/>ill<span class="_ _5"/>io<span class="_ _5"/>n an<span class="_ _5"/>d an o<span class="_ _5"/>wn<span class="_ _5"/>er<span class="_ _5"/>’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mo<span class="_ _5"/>r<span class="_ _5"/>tg<span class="_ _5"/>ag<span class="_ _5"/>e of n<span class="_ _5"/>om<span class="_ _5"/>. DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n ar<span class="_ _5"/>e reg<span class="_ _5"/>i<span class="_ _5"/>st<span class="_ _5"/>ere<span class="_ _5"/>d in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">la<span class="_ _5"/>nd a<span class="_ _5"/>nd b<span class="_ _5"/>ui<span class="_ _5"/>ld<span class="_ _5"/>in<span class="_ _5"/>gs w<span class="_ _5"/>it<span class="_ _5"/>h a c<span class="_ _5"/>ar<span class="_ _5"/>r<span class="_ _5"/>y<span class="_ _5"/>in<span class="_ _5"/>g am<span class="_ _5"/>ou<span class="_ _5"/>nt o<span class="_ _5"/>f DK<span class="_ _5"/>K 24 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p is<span class="_ _5"/>, fr<span class="_ _5"/>om t<span class="_ _5"/>im<span class="_ _5"/>e to t<span class="_ _5"/>im<span class="_ _5"/>e, in<span class="_ _5"/>vol<span class="_ _5"/>ve<span class="_ _5"/>d in d<span class="_ _5"/>is<span class="_ _5"/>p<span class="_ _5"/>ute<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ar<span class="_ _5"/>is<span class="_ _5"/>in<span class="_ _5"/>g ou<span class="_ _5"/>t of t<span class="_ _5"/>he n<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>l con<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t o<span class="_ _5"/>f it<span class="_ _5"/>s b<span class="_ _5"/>us<span class="_ _5"/>in<span class="_ _5"/>es<span class="_ _5"/>s. I<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2021<span class="_ _5"/>, t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up i<span class="_ _5"/>ni<span class="_ _5"/>ti<span class="_ _5"/>ate<span class="_ _5"/>d ar<span class="_ _5"/>bi<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>ga<span class="_ _5"/>in<span class="_ _5"/>s<span class="_ _5"/>t a th<span class="_ _5"/>ir<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>y regarding<span class="_ _0"/> a still ongoing<span class="_ _0"/> dispute relat<span class="_ _0"/>ed to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">crumbling mortar joints, reflected in the<span class="_ _0"/> provisions. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s a po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>ive o<span class="_ _5"/>u<span class="_ _5"/>tco<span class="_ _5"/>me of t<span class="_ _5"/>h<span class="_ _5"/>e ar<span class="_ _5"/>bi<span class="_ _5"/>tr<span class="_ _5"/>a<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2024, t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up h<span class="_ _5"/>ad a<span class="_ _5"/>n un<span class="_ _5"/>cer<span class="_ _3"/>ta<span class="_ _5"/>in t<span class="_ _5"/>ax p<span class="_ _5"/>os<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on re<span class="_ _3"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">la<span class="_ _5"/>ti<span class="_ _5"/>ng to t<span class="_ _5"/>a<span class="_ _5"/>x yea<span class="_ _5"/>r<span class="_ _5"/>s 201<span class="_ _5"/>9<span class="_ _5"/>-202<span class="_ _5"/>1. S<span class="_ _5"/>ee N<span class="_ _5"/>o<span class="_ _5"/>te 6.1 fo<span class="_ _5"/>r fu<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>he<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">de<span class="_ _5"/>ta<span class="_ _5"/>il<span class="_ _5"/>s. I<span class="_ _5"/>n Ju<span class="_ _5"/>l<span class="_ _5"/>y 2025, t<span class="_ _5"/>he Tax Aut<span class="_ _5"/>h<span class="_ _5"/>or<span class="_ _5"/>it<span class="_ _5"/>ie<span class="_ _5"/>s pa<span class="_ _5"/>ss<span class="_ _5"/>ed a r<span class="_ _5"/>ul<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g th<span class="_ _5"/>at w<span class="_ _5"/>as i<span class="_ _5"/>n li<span class="_ _5"/>ne w<span class="_ _5"/>it<span class="_ _5"/>h t<span class="_ _5"/>he C<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny<span class="_ _5"/>'<span class="_ _5"/>s exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>ta<span class="_ _5"/>t<span class="_ _5"/>ion<span class="_ _5"/>s<span class="_ _5"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d it<span class="_ _5"/>s e<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t wa<span class="_ _5"/>s al<span class="_ _5"/>re<span class="_ _5"/>ad<span class="_ _5"/>y re<span class="_ _5"/>f<span class="_ _5"/>le<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d an<span class="_ _5"/>d rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the 20<span class="_ _0"/>2<span class="_ _0"/>4 consolidat<span class="_ _0"/>ed financial statements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Collateral</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 4<span class="_ _5"/>4 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n of c<span class="_ _5"/>as<span class="_ _5"/>h an<span class="_ _5"/>d sh<span class="_ _5"/>or<span class="_ _5"/>t<span class="_ _5"/>-t<span class="_ _5"/>er<span class="_ _5"/>m de<span class="_ _5"/>po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>s is h<span class="_ _5"/>el<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in restricted accounts and<span class="_ _0"/> released when the<span class="_ _0"/> com<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pl<span class="_ _5"/>ete<span class="_ _5"/>d ho<span class="_ _5"/>us<span class="_ _5"/>es a<span class="_ _5"/>re d<span class="_ _5"/>el<span class="_ _5"/>iv<span class="_ _5"/>ere<span class="_ _5"/>d to t<span class="_ _5"/>he c<span class="_ _5"/>us<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r<span class="_ _5"/>s (2024: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 8 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n). Re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _3"/>ted a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>s are c<span class="_ _5"/>la<span class="_ _5"/>ss<span class="_ _5"/>if<span class="_ _3"/>ied a<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">other receivables.</span></span><span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Guarantees and securities provided</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s pro<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>d p<span class="_ _5"/>er<span class="_ _5"/>f<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>nce b<span class="_ _5"/>on<span class="_ _5"/>d<span class="_ _5"/>s of DK<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">66 million<span class="_ _0"/> as security for the performance of<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contractor’s obligations<span class="_ _0"/> to the<span class="_ _0"/> customer in<span class="_ _0"/> connection </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with ongoing c<span class="_ _0"/>onstruc<span class="_ _5"/>tion contract<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has furt<span class="_ _5"/>her pro<span class="_ _0"/>vided a performance bond </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of D<span class="_ _5"/>KK 5 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on a<span class="_ _5"/>s se<span class="_ _5"/>cur<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>y fo<span class="_ _5"/>r th<span class="_ _5"/>e pe<span class="_ _5"/>r<span class="_ _5"/>f<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>nce o<span class="_ _5"/>f th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Groups obligations<span class="_ _0"/> to a<span class="_ _0"/> subcontractor.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In addition, the<span class="_ _0"/> Group has<span class="_ _0"/> issued on-<span class="_ _5"/>demand pay<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment guarantees<span class="_ _0"/> of DKK 17<span class="_ _0"/> million in<span class="_ _0"/> favour of<span class="_ _0"/> third </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>ies as<span class="_ _0"/> security for the<span class="_ _0"/> completion of<span class="_ _0"/> infrastruc<span class="_ _5"/>ture</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and site<span class="_ _0"/> development<span class="_ _0"/> works</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>tual obligations</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has no mat<span class="_ _0"/>erial obligations not al<span class="_ _0"/>ready </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as<span class="_ _0"/> liabilities in the<span class="_ _0"/> financial statement<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The loan<span class="_ _0"/> agreement between Nordea, Dansk<span class="_ _0"/>e Bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and HusCompagniet<span class="_ _0"/> A<span class="_ _5"/>/S includes<span class="_ _0"/> a negative pledge<span class="_ _0"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _3"/>4<span class="ff48 fc0 lsad wsae"> <span class="_ _5c"> </span>Pro<span class="_ _0"/>visions and other<span class="_ _5"/> commitments</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:187.140625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 33.6855px; width: 573.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Guarantee provision at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 295.371px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">73,294</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55,352</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 49.2012px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Arising during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 350.748px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">52,189</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">50,898</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 64.7324px; width: 573.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Utilised during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 345.416px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-34,835</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-32,956</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 80.248px; width: 573.826px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Guarantee provision at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 277.219px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">90,648</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">73,294</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 104.264px; width: 193.436px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Presented in the balance sheet as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 119.795px; width: 573.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current liabilities </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.178px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">58,150</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">38,407</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 135.311px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current liabilities </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.521px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,498</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">34,887</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 161.967px; width: 254.309px; white-space: pre; word-spacing: -0.2025px; letter-spacing: 0.2025px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At y</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ear end, the</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> guarantee provision amount</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ed to</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 308.078px; top: 162.029px; width: 258.586px; white-space: pre; word-spacing: -0.21375px; letter-spacing: 0.21375px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">As security for the</span><span style="word-spacing: -0.21375px; letter-spacing: 0.21375px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> Company’s borro</span><span style="word-spacing: -0.21375px; letter-spacing: 0.21375px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">wings, floating </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 176.217px; width: 262.318px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">K 9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">1 mi</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">lli</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on (</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2024: DK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">K 7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">3 mi</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">lli</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">). Pr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ov</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">is</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">io</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ns fo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">r </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 308.078px; top: 176.279px; width: 256.148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ch</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">arg</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">e of n</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">om</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">in</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">al D</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">KK 9 m</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">il</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">li</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on h</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">as b</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ee</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">n gr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">an</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">te</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">d </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fu<span class="_ _5"/>tu<span class="_ _5"/>re co<span class="_ _5"/>st<span class="_ _5"/>s o<span class="_ _5"/>f gu<span class="_ _5"/>ar<span class="_ _5"/>an<span class="_ _5"/>te<span class="_ _5"/>e com<span class="_ _5"/>mi<span class="_ _5"/>t<span class="_ _5"/>me<span class="_ _5"/>nt<span class="_ _5"/>s a<span class="_ _5"/>t on<span class="_ _5"/>e an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f<span class="_ _5"/>iv<span class="_ _5"/>e<span class="_ _5"/>-<span class="_ _5"/>yea<span class="_ _5"/>r rev<span class="_ _5"/>ie<span class="_ _5"/>ws o<span class="_ _5"/>f ho<span class="_ _5"/>us<span class="_ _5"/>es d<span class="_ _5"/>el<span class="_ _5"/>iv<span class="_ _5"/>ere<span class="_ _5"/>d ar<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at t<span class="_ _5"/>he a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>s ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d at t<span class="_ _5"/>he b<span class="_ _5"/>al<span class="_ _5"/>an<span class="_ _5"/>ce sh<span class="_ _5"/>ee<span class="_ _5"/>t da<span class="_ _5"/>te to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be requir<span class="_ _0"/>ed to<span class="_ _0"/> settle the commitment. Furthermore, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the guarantee pr<span class="_ _0"/>ovision includes pro<span class="_ _0"/>vision for curr<span class="_ _0"/>ent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and estimate of<span class="_ _0"/> potential future<span class="_ _0"/> commitments related </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to cr<span class="_ _5"/>um<span class="_ _5"/>bl<span class="_ _5"/>in<span class="_ _5"/>g mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>ar j<span class="_ _5"/>oi<span class="_ _5"/>nt<span class="_ _5"/>s<span class="_ _5"/>. Th<span class="_ _5"/>e es<span class="_ _5"/>t<span class="_ _5"/>im<span class="_ _5"/>ate o<span class="_ _5"/>f ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">future cost<span class="_ _0"/> is inherently subject to<span class="_ _0"/> uncertaint<span class="_ _5"/>y due </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to assumptions<span class="_ _0"/> regarding<span class="_ _0"/> the scope<span class="_ _0"/> of remediation,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">timing and<span class="_ _0"/> cost levels.<span class="_ _0"/> Utilisation of the<span class="_ _0"/> commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at 3<span class="_ _5"/>1 De<span class="_ _5"/>ce<span class="_ _5"/>mb<span class="_ _5"/>er i<span class="_ _5"/>s ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d to b<span class="_ _5"/>e ti<span class="_ _5"/>me<span class="_ _5"/>d ove<span class="_ _5"/>r a 5 yea<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period and the<span class="_ _0"/> value is disc<span class="_ _0"/>ounted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">This estimate<span class="_ _0"/> is based<span class="_ _0"/> on calculations, assessments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by Company<span class="_ _0"/> Management and experienc<span class="_ _0"/>e gained </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from past<span class="_ _0"/> transac<span class="_ _5"/>tions. As security for the<span class="_ _0"/> borrowings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and other liabilities,<span class="_ _0"/> par<span class="_ _5"/>t of<span class="_ _0"/> the assets of HC<span class="_ _0"/> Produc<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on A<span class="_ _3"/>/S h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n pl<span class="_ _5"/>e<span class="_ _5"/>dg<span class="_ _5"/>ed<span class="_ _5"/>. Th<span class="_ _5"/>e ca<span class="_ _5"/>rr<span class="_ _3"/>yi<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the mortgaged assets amounts to<span class="_ _0"/> DKK 58 mill<span class="_ _0"/>ion. It </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>n be s<span class="_ _5"/>pe<span class="_ _5"/>ci<span class="_ _5"/>f<span class="_ _5"/>ie<span class="_ _5"/>d as f<span class="_ _5"/>ol<span class="_ _5"/>lo<span class="_ _5"/>ws<span class="_ _5"/>:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ove<span class="_ _5"/>r th<span class="_ _5"/>e Co<span class="_ _5"/>mp<span class="_ _5"/>an<span class="_ _5"/>y<span class="_ _5"/>’s ass<span class="_ _5"/>et<span class="_ _5"/>s w<span class="_ _5"/>i<span class="_ _5"/>th a c<span class="_ _5"/>ar<span class="_ _5"/>r<span class="_ _5"/>y<span class="_ _5"/>i<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 40 million<span class="_ _0"/> (including leased<span class="_ _0"/> assets).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In a<span class="_ _5"/>dd<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on<span class="_ _5"/>, se<span class="_ _5"/>cur<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>es h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n pr<span class="_ _5"/>ov<span class="_ _5"/>id<span class="_ _5"/>ed i<span class="_ _5"/>n res<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>t o</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">land and<span class="_ _0"/> buildings:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A mo<span class="_ _5"/>r<span class="_ _5"/>tg<span class="_ _5"/>ag<span class="_ _5"/>e of n<span class="_ _5"/>om<span class="_ _5"/>. DK<span class="_ _5"/>K 20 m<span class="_ _5"/>ill<span class="_ _5"/>io<span class="_ _5"/>n an<span class="_ _5"/>d an o<span class="_ _5"/>wn<span class="_ _5"/>er<span class="_ _5"/>’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mo<span class="_ _5"/>r<span class="_ _5"/>tg<span class="_ _5"/>ag<span class="_ _5"/>e of n<span class="_ _5"/>om<span class="_ _5"/>. DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n ar<span class="_ _5"/>e reg<span class="_ _5"/>i<span class="_ _5"/>st<span class="_ _5"/>ere<span class="_ _5"/>d in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">la<span class="_ _5"/>nd a<span class="_ _5"/>nd b<span class="_ _5"/>ui<span class="_ _5"/>ld<span class="_ _5"/>in<span class="_ _5"/>gs w<span class="_ _5"/>it<span class="_ _5"/>h a c<span class="_ _5"/>ar<span class="_ _5"/>r<span class="_ _5"/>y<span class="_ _5"/>in<span class="_ _5"/>g am<span class="_ _5"/>ou<span class="_ _5"/>nt o<span class="_ _5"/>f DK<span class="_ _5"/>K 24 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p is<span class="_ _5"/>, fr<span class="_ _5"/>om t<span class="_ _5"/>im<span class="_ _5"/>e to t<span class="_ _5"/>im<span class="_ _5"/>e, in<span class="_ _5"/>vol<span class="_ _5"/>ve<span class="_ _5"/>d in d<span class="_ _5"/>is<span class="_ _5"/>p<span class="_ _5"/>ute<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ar<span class="_ _5"/>is<span class="_ _5"/>in<span class="_ _5"/>g ou<span class="_ _5"/>t of t<span class="_ _5"/>he n<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>l con<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t o<span class="_ _5"/>f it<span class="_ _5"/>s b<span class="_ _5"/>us<span class="_ _5"/>in<span class="_ _5"/>es<span class="_ _5"/>s. I<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2021<span class="_ _5"/>, t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up i<span class="_ _5"/>ni<span class="_ _5"/>ti<span class="_ _5"/>ate<span class="_ _5"/>d ar<span class="_ _5"/>bi<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>ga<span class="_ _5"/>in<span class="_ _5"/>s<span class="_ _5"/>t a th<span class="_ _5"/>ir<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>y regarding<span class="_ _0"/> a still ongoing<span class="_ _0"/> dispute relat<span class="_ _0"/>ed to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">crumbling mortar joints, reflected in the<span class="_ _0"/> provisions. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s a po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>ive o<span class="_ _5"/>u<span class="_ _5"/>tco<span class="_ _5"/>me of t<span class="_ _5"/>h<span class="_ _5"/>e ar<span class="_ _5"/>bi<span class="_ _5"/>tr<span class="_ _5"/>a<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2024, t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up h<span class="_ _5"/>ad a<span class="_ _5"/>n un<span class="_ _5"/>cer<span class="_ _3"/>ta<span class="_ _5"/>in t<span class="_ _5"/>ax p<span class="_ _5"/>os<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on re<span class="_ _3"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">la<span class="_ _5"/>ti<span class="_ _5"/>ng to t<span class="_ _5"/>a<span class="_ _5"/>x yea<span class="_ _5"/>r<span class="_ _5"/>s 201<span class="_ _5"/>9<span class="_ _5"/>-202<span class="_ _5"/>1. S<span class="_ _5"/>ee N<span class="_ _5"/>o<span class="_ _5"/>te 6.1 fo<span class="_ _5"/>r fu<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>he<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">de<span class="_ _5"/>ta<span class="_ _5"/>il<span class="_ _5"/>s. I<span class="_ _5"/>n Ju<span class="_ _5"/>l<span class="_ _5"/>y 2025, t<span class="_ _5"/>he Tax Aut<span class="_ _5"/>h<span class="_ _5"/>or<span class="_ _5"/>it<span class="_ _5"/>ie<span class="_ _5"/>s pa<span class="_ _5"/>ss<span class="_ _5"/>ed a r<span class="_ _5"/>ul<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g th<span class="_ _5"/>at w<span class="_ _5"/>as i<span class="_ _5"/>n li<span class="_ _5"/>ne w<span class="_ _5"/>it<span class="_ _5"/>h t<span class="_ _5"/>he C<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny<span class="_ _5"/>'<span class="_ _5"/>s exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>ta<span class="_ _5"/>t<span class="_ _5"/>ion<span class="_ _5"/>s<span class="_ _5"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d it<span class="_ _5"/>s e<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t wa<span class="_ _5"/>s al<span class="_ _5"/>re<span class="_ _5"/>ad<span class="_ _5"/>y re<span class="_ _5"/>f<span class="_ _5"/>le<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d an<span class="_ _5"/>d rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the 20<span class="_ _0"/>2<span class="_ _0"/>4 consolidat<span class="_ _0"/>ed financial statements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Collateral</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 4<span class="_ _5"/>4 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n of c<span class="_ _5"/>as<span class="_ _5"/>h an<span class="_ _5"/>d sh<span class="_ _5"/>or<span class="_ _5"/>t<span class="_ _5"/>-t<span class="_ _5"/>er<span class="_ _5"/>m de<span class="_ _5"/>po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>s is h<span class="_ _5"/>el<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in restricted accounts and<span class="_ _0"/> released when the<span class="_ _0"/> com<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pl<span class="_ _5"/>ete<span class="_ _5"/>d ho<span class="_ _5"/>us<span class="_ _5"/>es a<span class="_ _5"/>re d<span class="_ _5"/>el<span class="_ _5"/>iv<span class="_ _5"/>ere<span class="_ _5"/>d to t<span class="_ _5"/>he c<span class="_ _5"/>us<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r<span class="_ _5"/>s (2024: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 8 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n). Re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _3"/>ted a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>s are c<span class="_ _5"/>la<span class="_ _5"/>ss<span class="_ _5"/>if<span class="_ _3"/>ied a<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">other receivables.</span></span><span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Guarantees and securities provided</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s pro<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>d p<span class="_ _5"/>er<span class="_ _5"/>f<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>nce b<span class="_ _5"/>on<span class="_ _5"/>d<span class="_ _5"/>s of DK<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">66 million<span class="_ _0"/> as security for the performance of<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contractor’s obligations<span class="_ _0"/> to the<span class="_ _0"/> customer in<span class="_ _0"/> connection </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with ongoing c<span class="_ _0"/>onstruc<span class="_ _5"/>tion contract<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has furt<span class="_ _5"/>her pro<span class="_ _0"/>vided a performance bond </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of D<span class="_ _5"/>KK 5 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on a<span class="_ _5"/>s se<span class="_ _5"/>cur<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>y fo<span class="_ _5"/>r th<span class="_ _5"/>e pe<span class="_ _5"/>r<span class="_ _5"/>f<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>nce o<span class="_ _5"/>f th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Groups obligations<span class="_ _0"/> to a<span class="_ _0"/> subcontractor.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In addition, the<span class="_ _0"/> Group has<span class="_ _0"/> issued on-<span class="_ _5"/>demand pay<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment guarantees<span class="_ _0"/> of DKK 17<span class="_ _0"/> million in<span class="_ _0"/> favour of<span class="_ _0"/> third </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>ies as<span class="_ _0"/> security for the<span class="_ _0"/> completion of<span class="_ _0"/> infrastruc<span class="_ _5"/>ture</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and site<span class="_ _0"/> development<span class="_ _0"/> works</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>tual obligations</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has no mat<span class="_ _0"/>erial obligations not al<span class="_ _0"/>ready </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as<span class="_ _0"/> liabilities in the<span class="_ _0"/> financial statement<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The loan<span class="_ _0"/> agreement between Nordea, Dansk<span class="_ _0"/>e Bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and HusCompagniet<span class="_ _0"/> A<span class="_ _5"/>/S includes<span class="_ _0"/> a negative pledge<span class="_ _0"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _3"/>4<span class="ff48 fc0 lsad wsae"> <span class="_ _5c"> </span>Pro<span class="_ _0"/>visions and other<span class="_ _5"/> commitments</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:187.140625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 33.6855px; width: 573.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Guarantee provision at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 295.371px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">73,294</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55,352</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 49.2012px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Arising during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 350.748px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">52,189</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">50,898</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 64.7324px; width: 573.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Utilised during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 345.416px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-34,835</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-32,956</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 80.248px; width: 573.826px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Guarantee provision at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 277.219px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">90,648</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">73,294</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 104.264px; width: 193.436px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Presented in the balance sheet as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 119.795px; width: 573.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current liabilities </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.178px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">58,150</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">38,407</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 135.311px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current liabilities </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.521px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,498</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">34,887</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 161.967px; width: 254.309px; white-space: pre; word-spacing: -0.2025px; letter-spacing: 0.2025px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At y</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ear end, the</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> guarantee provision amount</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ed to</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 308.078px; top: 162.029px; width: 258.586px; white-space: pre; word-spacing: -0.21375px; letter-spacing: 0.21375px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">As security for the</span><span style="word-spacing: -0.21375px; letter-spacing: 0.21375px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> Company’s borro</span><span style="word-spacing: -0.21375px; letter-spacing: 0.21375px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">wings, floating </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 176.217px; width: 262.318px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">K 9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">1 mi</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">lli</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on (</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2024: DK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">K 7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">3 mi</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">lli</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">). Pr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ov</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">is</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">io</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ns fo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">r </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 308.078px; top: 176.279px; width: 256.148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ch</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">arg</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">e of n</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">om</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">in</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">al D</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">KK 9 m</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">il</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">li</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on h</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">as b</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ee</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">n gr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">an</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">te</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">d </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fu<span class="_ _5"/>tu<span class="_ _5"/>re co<span class="_ _5"/>st<span class="_ _5"/>s o<span class="_ _5"/>f gu<span class="_ _5"/>ar<span class="_ _5"/>an<span class="_ _5"/>te<span class="_ _5"/>e com<span class="_ _5"/>mi<span class="_ _5"/>t<span class="_ _5"/>me<span class="_ _5"/>nt<span class="_ _5"/>s a<span class="_ _5"/>t on<span class="_ _5"/>e an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f<span class="_ _5"/>iv<span class="_ _5"/>e<span class="_ _5"/>-<span class="_ _5"/>yea<span class="_ _5"/>r rev<span class="_ _5"/>ie<span class="_ _5"/>ws o<span class="_ _5"/>f ho<span class="_ _5"/>us<span class="_ _5"/>es d<span class="_ _5"/>el<span class="_ _5"/>iv<span class="_ _5"/>ere<span class="_ _5"/>d ar<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at t<span class="_ _5"/>he a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>s ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d at t<span class="_ _5"/>he b<span class="_ _5"/>al<span class="_ _5"/>an<span class="_ _5"/>ce sh<span class="_ _5"/>ee<span class="_ _5"/>t da<span class="_ _5"/>te to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be requir<span class="_ _0"/>ed to<span class="_ _0"/> settle the commitment. Furthermore, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the guarantee pr<span class="_ _0"/>ovision includes pro<span class="_ _0"/>vision for curr<span class="_ _0"/>ent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and estimate of<span class="_ _0"/> potential future<span class="_ _0"/> commitments related </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to cr<span class="_ _5"/>um<span class="_ _5"/>bl<span class="_ _5"/>in<span class="_ _5"/>g mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>ar j<span class="_ _5"/>oi<span class="_ _5"/>nt<span class="_ _5"/>s<span class="_ _5"/>. Th<span class="_ _5"/>e es<span class="_ _5"/>t<span class="_ _5"/>im<span class="_ _5"/>ate o<span class="_ _5"/>f ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">future cost<span class="_ _0"/> is inherently subject to<span class="_ _0"/> uncertaint<span class="_ _5"/>y due </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to assumptions<span class="_ _0"/> regarding<span class="_ _0"/> the scope<span class="_ _0"/> of remediation,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">timing and<span class="_ _0"/> cost levels.<span class="_ _0"/> Utilisation of the<span class="_ _0"/> commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at 3<span class="_ _5"/>1 De<span class="_ _5"/>ce<span class="_ _5"/>mb<span class="_ _5"/>er i<span class="_ _5"/>s ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d to b<span class="_ _5"/>e ti<span class="_ _5"/>me<span class="_ _5"/>d ove<span class="_ _5"/>r a 5 yea<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period and the<span class="_ _0"/> value is disc<span class="_ _0"/>ounted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">This estimate<span class="_ _0"/> is based<span class="_ _0"/> on calculations, assessments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by Company<span class="_ _0"/> Management and experienc<span class="_ _0"/>e gained </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from past<span class="_ _0"/> transac<span class="_ _5"/>tions. As security for the<span class="_ _0"/> borrowings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and other liabilities,<span class="_ _0"/> par<span class="_ _5"/>t of<span class="_ _0"/> the assets of HC<span class="_ _0"/> Produc<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on A<span class="_ _3"/>/S h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n pl<span class="_ _5"/>e<span class="_ _5"/>dg<span class="_ _5"/>ed<span class="_ _5"/>. Th<span class="_ _5"/>e ca<span class="_ _5"/>rr<span class="_ _3"/>yi<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the mortgaged assets amounts to<span class="_ _0"/> DKK 58 mill<span class="_ _0"/>ion. It </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>n be s<span class="_ _5"/>pe<span class="_ _5"/>ci<span class="_ _5"/>f<span class="_ _5"/>ie<span class="_ _5"/>d as f<span class="_ _5"/>ol<span class="_ _5"/>lo<span class="_ _5"/>ws<span class="_ _5"/>:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ove<span class="_ _5"/>r th<span class="_ _5"/>e Co<span class="_ _5"/>mp<span class="_ _5"/>an<span class="_ _5"/>y<span class="_ _5"/>’s ass<span class="_ _5"/>et<span class="_ _5"/>s w<span class="_ _5"/>i<span class="_ _5"/>th a c<span class="_ _5"/>ar<span class="_ _5"/>r<span class="_ _5"/>y<span class="_ _5"/>i<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 40 million<span class="_ _0"/> (including leased<span class="_ _0"/> assets).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In a<span class="_ _5"/>dd<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on<span class="_ _5"/>, se<span class="_ _5"/>cur<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>es h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n pr<span class="_ _5"/>ov<span class="_ _5"/>id<span class="_ _5"/>ed i<span class="_ _5"/>n res<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>t o</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">land and<span class="_ _0"/> buildings:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A mo<span class="_ _5"/>r<span class="_ _5"/>tg<span class="_ _5"/>ag<span class="_ _5"/>e of n<span class="_ _5"/>om<span class="_ _5"/>. DK<span class="_ _5"/>K 20 m<span class="_ _5"/>ill<span class="_ _5"/>io<span class="_ _5"/>n an<span class="_ _5"/>d an o<span class="_ _5"/>wn<span class="_ _5"/>er<span class="_ _5"/>’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mo<span class="_ _5"/>r<span class="_ _5"/>tg<span class="_ _5"/>ag<span class="_ _5"/>e of n<span class="_ _5"/>om<span class="_ _5"/>. DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n ar<span class="_ _5"/>e reg<span class="_ _5"/>i<span class="_ _5"/>st<span class="_ _5"/>ere<span class="_ _5"/>d in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">la<span class="_ _5"/>nd a<span class="_ _5"/>nd b<span class="_ _5"/>ui<span class="_ _5"/>ld<span class="_ _5"/>in<span class="_ _5"/>gs w<span class="_ _5"/>it<span class="_ _5"/>h a c<span class="_ _5"/>ar<span class="_ _5"/>r<span class="_ _5"/>y<span class="_ _5"/>in<span class="_ _5"/>g am<span class="_ _5"/>ou<span class="_ _5"/>nt o<span class="_ _5"/>f DK<span class="_ _5"/>K 24 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p is<span class="_ _5"/>, fr<span class="_ _5"/>om t<span class="_ _5"/>im<span class="_ _5"/>e to t<span class="_ _5"/>im<span class="_ _5"/>e, in<span class="_ _5"/>vol<span class="_ _5"/>ve<span class="_ _5"/>d in d<span class="_ _5"/>is<span class="_ _5"/>p<span class="_ _5"/>ute<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ar<span class="_ _5"/>is<span class="_ _5"/>in<span class="_ _5"/>g ou<span class="_ _5"/>t of t<span class="_ _5"/>he n<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>l con<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t o<span class="_ _5"/>f it<span class="_ _5"/>s b<span class="_ _5"/>us<span class="_ _5"/>in<span class="_ _5"/>es<span class="_ _5"/>s. I<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2021<span class="_ _5"/>, t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up i<span class="_ _5"/>ni<span class="_ _5"/>ti<span class="_ _5"/>ate<span class="_ _5"/>d ar<span class="_ _5"/>bi<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>ga<span class="_ _5"/>in<span class="_ _5"/>s<span class="_ _5"/>t a th<span class="_ _5"/>ir<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>y regarding<span class="_ _0"/> a still ongoing<span class="_ _0"/> dispute relat<span class="_ _0"/>ed to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">crumbling mortar joints, reflected in the<span class="_ _0"/> provisions. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s a po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>ive o<span class="_ _5"/>u<span class="_ _5"/>tco<span class="_ _5"/>me of t<span class="_ _5"/>h<span class="_ _5"/>e ar<span class="_ _5"/>bi<span class="_ _5"/>tr<span class="_ _5"/>a<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2024, t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up h<span class="_ _5"/>ad a<span class="_ _5"/>n un<span class="_ _5"/>cer<span class="_ _3"/>ta<span class="_ _5"/>in t<span class="_ _5"/>ax p<span class="_ _5"/>os<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on re<span class="_ _3"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">la<span class="_ _5"/>ti<span class="_ _5"/>ng to t<span class="_ _5"/>a<span class="_ _5"/>x yea<span class="_ _5"/>r<span class="_ _5"/>s 201<span class="_ _5"/>9<span class="_ _5"/>-202<span class="_ _5"/>1. S<span class="_ _5"/>ee N<span class="_ _5"/>o<span class="_ _5"/>te 6.1 fo<span class="_ _5"/>r fu<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>he<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">de<span class="_ _5"/>ta<span class="_ _5"/>il<span class="_ _5"/>s. I<span class="_ _5"/>n Ju<span class="_ _5"/>l<span class="_ _5"/>y 2025, t<span class="_ _5"/>he Tax Aut<span class="_ _5"/>h<span class="_ _5"/>or<span class="_ _5"/>it<span class="_ _5"/>ie<span class="_ _5"/>s pa<span class="_ _5"/>ss<span class="_ _5"/>ed a r<span class="_ _5"/>ul<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g th<span class="_ _5"/>at w<span class="_ _5"/>as i<span class="_ _5"/>n li<span class="_ _5"/>ne w<span class="_ _5"/>it<span class="_ _5"/>h t<span class="_ _5"/>he C<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny<span class="_ _5"/>'<span class="_ _5"/>s exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>ta<span class="_ _5"/>t<span class="_ _5"/>ion<span class="_ _5"/>s<span class="_ _5"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d it<span class="_ _5"/>s e<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t wa<span class="_ _5"/>s al<span class="_ _5"/>re<span class="_ _5"/>ad<span class="_ _5"/>y re<span class="_ _5"/>f<span class="_ _5"/>le<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d an<span class="_ _5"/>d rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the 20<span class="_ _0"/>2<span class="_ _0"/>4 consolidat<span class="_ _0"/>ed financial statements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Collateral</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 4<span class="_ _5"/>4 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n of c<span class="_ _5"/>as<span class="_ _5"/>h an<span class="_ _5"/>d sh<span class="_ _5"/>or<span class="_ _5"/>t<span class="_ _5"/>-t<span class="_ _5"/>er<span class="_ _5"/>m de<span class="_ _5"/>po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>s is h<span class="_ _5"/>el<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in restricted accounts and<span class="_ _0"/> released when the<span class="_ _0"/> com<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pl<span class="_ _5"/>ete<span class="_ _5"/>d ho<span class="_ _5"/>us<span class="_ _5"/>es a<span class="_ _5"/>re d<span class="_ _5"/>el<span class="_ _5"/>iv<span class="_ _5"/>ere<span class="_ _5"/>d to t<span class="_ _5"/>he c<span class="_ _5"/>us<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r<span class="_ _5"/>s (2024: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 8 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n). Re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _3"/>ted a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>s are c<span class="_ _5"/>la<span class="_ _5"/>ss<span class="_ _5"/>if<span class="_ _3"/>ied a<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">other receivables.</span></span><span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Guarantees and securities provided</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s pro<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>d p<span class="_ _5"/>er<span class="_ _5"/>f<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>nce b<span class="_ _5"/>on<span class="_ _5"/>d<span class="_ _5"/>s of DK<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">66 million<span class="_ _0"/> as security for the performance of<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contractor’s obligations<span class="_ _0"/> to the<span class="_ _0"/> customer in<span class="_ _0"/> connection </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with ongoing c<span class="_ _0"/>onstruc<span class="_ _5"/>tion contract<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has furt<span class="_ _5"/>her pro<span class="_ _0"/>vided a performance bond </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of D<span class="_ _5"/>KK 5 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on a<span class="_ _5"/>s se<span class="_ _5"/>cur<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>y fo<span class="_ _5"/>r th<span class="_ _5"/>e pe<span class="_ _5"/>r<span class="_ _5"/>f<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>nce o<span class="_ _5"/>f th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Groups obligations<span class="_ _0"/> to a<span class="_ _0"/> subcontractor.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In addition, the<span class="_ _0"/> Group has<span class="_ _0"/> issued on-<span class="_ _5"/>demand pay<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment guarantees<span class="_ _0"/> of DKK 17<span class="_ _0"/> million in<span class="_ _0"/> favour of<span class="_ _0"/> third </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>ies as<span class="_ _0"/> security for the<span class="_ _0"/> completion of<span class="_ _0"/> infrastruc<span class="_ _5"/>ture</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and site<span class="_ _0"/> development<span class="_ _0"/> works</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>tual obligations</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has no mat<span class="_ _0"/>erial obligations not al<span class="_ _0"/>ready </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as<span class="_ _0"/> liabilities in the<span class="_ _0"/> financial statement<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The loan<span class="_ _0"/> agreement between Nordea, Dansk<span class="_ _0"/>e Bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and HusCompagniet<span class="_ _0"/> A<span class="_ _5"/>/S includes<span class="_ _0"/> a negative pledge<span class="_ _0"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _3"/>4<span class="ff48 fc0 lsad wsae"> <span class="_ _5c"> </span>Pro<span class="_ _0"/>visions and other<span class="_ _5"/> commitments</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:187.140625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 33.6855px; width: 573.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Guarantee provision at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 295.371px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">73,294</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55,352</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 49.2012px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Arising during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 350.748px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">52,189</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">50,898</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 64.7324px; width: 573.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Utilised during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 345.416px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-34,835</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-32,956</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 80.248px; width: 573.826px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Guarantee provision at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 277.219px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">90,648</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">73,294</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 104.264px; width: 193.436px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Presented in the balance sheet as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 119.795px; width: 573.732px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current liabilities </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.178px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">58,150</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">38,407</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 135.311px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current liabilities </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.521px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,498</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">34,887</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 161.967px; width: 254.309px; white-space: pre; word-spacing: -0.2025px; letter-spacing: 0.2025px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At y</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ear end, the</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> guarantee provision amount</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ed to</span><span style="word-spacing: -0.2025px; letter-spacing: 0.2025px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 308.078px; top: 162.029px; width: 258.586px; white-space: pre; word-spacing: -0.21375px; letter-spacing: 0.21375px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">As security for the</span><span style="word-spacing: -0.21375px; letter-spacing: 0.21375px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> Company’s borro</span><span style="word-spacing: -0.21375px; letter-spacing: 0.21375px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">wings, floating </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 176.217px; width: 262.318px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">K 9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">1 mi</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">lli</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on (</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">2024: DK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">K 7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">3 mi</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">lli</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">). Pr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ov</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">is</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">io</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ns fo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">r </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 308.078px; top: 176.279px; width: 256.148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ch</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">arg</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">e of n</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">om</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">in</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">al D</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">KK 9 m</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">il</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">li</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">on h</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">as b</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ee</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">n gr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">an</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">te</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.416018px; font-size: 11.25px; font-family: ff2; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">d </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fu<span class="_ _5"/>tu<span class="_ _5"/>re co<span class="_ _5"/>st<span class="_ _5"/>s o<span class="_ _5"/>f gu<span class="_ _5"/>ar<span class="_ _5"/>an<span class="_ _5"/>te<span class="_ _5"/>e com<span class="_ _5"/>mi<span class="_ _5"/>t<span class="_ _5"/>me<span class="_ _5"/>nt<span class="_ _5"/>s a<span class="_ _5"/>t on<span class="_ _5"/>e an<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f<span class="_ _5"/>iv<span class="_ _5"/>e<span class="_ _5"/>-<span class="_ _5"/>yea<span class="_ _5"/>r rev<span class="_ _5"/>ie<span class="_ _5"/>ws o<span class="_ _5"/>f ho<span class="_ _5"/>us<span class="_ _5"/>es d<span class="_ _5"/>el<span class="_ _5"/>iv<span class="_ _5"/>ere<span class="_ _5"/>d ar<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at t<span class="_ _5"/>he a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>s ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d at t<span class="_ _5"/>he b<span class="_ _5"/>al<span class="_ _5"/>an<span class="_ _5"/>ce sh<span class="_ _5"/>ee<span class="_ _5"/>t da<span class="_ _5"/>te to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be requir<span class="_ _0"/>ed to<span class="_ _0"/> settle the commitment. Furthermore, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the guarantee pr<span class="_ _0"/>ovision includes pro<span class="_ _0"/>vision for curr<span class="_ _0"/>ent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and estimate of<span class="_ _0"/> potential future<span class="_ _0"/> commitments related </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to cr<span class="_ _5"/>um<span class="_ _5"/>bl<span class="_ _5"/>in<span class="_ _5"/>g mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>ar j<span class="_ _5"/>oi<span class="_ _5"/>nt<span class="_ _5"/>s<span class="_ _5"/>. Th<span class="_ _5"/>e es<span class="_ _5"/>t<span class="_ _5"/>im<span class="_ _5"/>ate o<span class="_ _5"/>f ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">future cost<span class="_ _0"/> is inherently subject to<span class="_ _0"/> uncertaint<span class="_ _5"/>y due </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to assumptions<span class="_ _0"/> regarding<span class="_ _0"/> the scope<span class="_ _0"/> of remediation,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">timing and<span class="_ _0"/> cost levels.<span class="_ _0"/> Utilisation of the<span class="_ _0"/> commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at 3<span class="_ _5"/>1 De<span class="_ _5"/>ce<span class="_ _5"/>mb<span class="_ _5"/>er i<span class="_ _5"/>s ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d to b<span class="_ _5"/>e ti<span class="_ _5"/>me<span class="_ _5"/>d ove<span class="_ _5"/>r a 5 yea<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period and the<span class="_ _0"/> value is disc<span class="_ _0"/>ounted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">This estimate<span class="_ _0"/> is based<span class="_ _0"/> on calculations, assessments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by Company<span class="_ _0"/> Management and experienc<span class="_ _0"/>e gained </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from past<span class="_ _0"/> transac<span class="_ _5"/>tions. As security for the<span class="_ _0"/> borrowings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and other liabilities,<span class="_ _0"/> par<span class="_ _5"/>t of<span class="_ _0"/> the assets of HC<span class="_ _0"/> Produc<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>on A<span class="_ _3"/>/S h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n pl<span class="_ _5"/>e<span class="_ _5"/>dg<span class="_ _5"/>ed<span class="_ _5"/>. Th<span class="_ _5"/>e ca<span class="_ _5"/>rr<span class="_ _3"/>yi<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the mortgaged assets amounts to<span class="_ _0"/> DKK 58 mill<span class="_ _0"/>ion. It </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>n be s<span class="_ _5"/>pe<span class="_ _5"/>ci<span class="_ _5"/>f<span class="_ _5"/>ie<span class="_ _5"/>d as f<span class="_ _5"/>ol<span class="_ _5"/>lo<span class="_ _5"/>ws<span class="_ _5"/>:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ove<span class="_ _5"/>r th<span class="_ _5"/>e Co<span class="_ _5"/>mp<span class="_ _5"/>an<span class="_ _5"/>y<span class="_ _5"/>’s ass<span class="_ _5"/>et<span class="_ _5"/>s w<span class="_ _5"/>i<span class="_ _5"/>th a c<span class="_ _5"/>ar<span class="_ _5"/>r<span class="_ _5"/>y<span class="_ _5"/>i<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 40 million<span class="_ _0"/> (including leased<span class="_ _0"/> assets).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In a<span class="_ _5"/>dd<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on<span class="_ _5"/>, se<span class="_ _5"/>cur<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>es h<span class="_ _5"/>as b<span class="_ _5"/>ee<span class="_ _5"/>n pr<span class="_ _5"/>ov<span class="_ _5"/>id<span class="_ _5"/>ed i<span class="_ _5"/>n res<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>t o</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">land and<span class="_ _0"/> buildings:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A mo<span class="_ _5"/>r<span class="_ _5"/>tg<span class="_ _5"/>ag<span class="_ _5"/>e of n<span class="_ _5"/>om<span class="_ _5"/>. DK<span class="_ _5"/>K 20 m<span class="_ _5"/>ill<span class="_ _5"/>io<span class="_ _5"/>n an<span class="_ _5"/>d an o<span class="_ _5"/>wn<span class="_ _5"/>er<span class="_ _5"/>’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mo<span class="_ _5"/>r<span class="_ _5"/>tg<span class="_ _5"/>ag<span class="_ _5"/>e of n<span class="_ _5"/>om<span class="_ _5"/>. DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n ar<span class="_ _5"/>e reg<span class="_ _5"/>i<span class="_ _5"/>st<span class="_ _5"/>ere<span class="_ _5"/>d in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">la<span class="_ _5"/>nd a<span class="_ _5"/>nd b<span class="_ _5"/>ui<span class="_ _5"/>ld<span class="_ _5"/>in<span class="_ _5"/>gs w<span class="_ _5"/>it<span class="_ _5"/>h a c<span class="_ _5"/>ar<span class="_ _5"/>r<span class="_ _5"/>y<span class="_ _5"/>in<span class="_ _5"/>g am<span class="_ _5"/>ou<span class="_ _5"/>nt o<span class="_ _5"/>f DK<span class="_ _5"/>K 24 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p is<span class="_ _5"/>, fr<span class="_ _5"/>om t<span class="_ _5"/>im<span class="_ _5"/>e to t<span class="_ _5"/>im<span class="_ _5"/>e, in<span class="_ _5"/>vol<span class="_ _5"/>ve<span class="_ _5"/>d in d<span class="_ _5"/>is<span class="_ _5"/>p<span class="_ _5"/>ute<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ar<span class="_ _5"/>is<span class="_ _5"/>in<span class="_ _5"/>g ou<span class="_ _5"/>t of t<span class="_ _5"/>he n<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>l con<span class="_ _5"/>du<span class="_ _5"/>c<span class="_ _5"/>t o<span class="_ _5"/>f it<span class="_ _5"/>s b<span class="_ _5"/>us<span class="_ _5"/>in<span class="_ _5"/>es<span class="_ _5"/>s. I<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2021<span class="_ _5"/>, t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up i<span class="_ _5"/>ni<span class="_ _5"/>ti<span class="_ _5"/>ate<span class="_ _5"/>d ar<span class="_ _5"/>bi<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>ga<span class="_ _5"/>in<span class="_ _5"/>s<span class="_ _5"/>t a th<span class="_ _5"/>ir<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>y regarding<span class="_ _0"/> a still ongoing<span class="_ _0"/> dispute relat<span class="_ _0"/>ed to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">crumbling mortar joints, reflected in the<span class="_ _0"/> provisions. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s a po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>ive o<span class="_ _5"/>u<span class="_ _5"/>tco<span class="_ _5"/>me of t<span class="_ _5"/>h<span class="_ _5"/>e ar<span class="_ _5"/>bi<span class="_ _5"/>tr<span class="_ _5"/>a<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2024, t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up h<span class="_ _5"/>ad a<span class="_ _5"/>n un<span class="_ _5"/>cer<span class="_ _3"/>ta<span class="_ _5"/>in t<span class="_ _5"/>ax p<span class="_ _5"/>os<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on re<span class="_ _3"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">la<span class="_ _5"/>ti<span class="_ _5"/>ng to t<span class="_ _5"/>a<span class="_ _5"/>x yea<span class="_ _5"/>r<span class="_ _5"/>s 201<span class="_ _5"/>9<span class="_ _5"/>-202<span class="_ _5"/>1. S<span class="_ _5"/>ee N<span class="_ _5"/>o<span class="_ _5"/>te 6.1 fo<span class="_ _5"/>r fu<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>he<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">de<span class="_ _5"/>ta<span class="_ _5"/>il<span class="_ _5"/>s. I<span class="_ _5"/>n Ju<span class="_ _5"/>l<span class="_ _5"/>y 2025, t<span class="_ _5"/>he Tax Aut<span class="_ _5"/>h<span class="_ _5"/>or<span class="_ _5"/>it<span class="_ _5"/>ie<span class="_ _5"/>s pa<span class="_ _5"/>ss<span class="_ _5"/>ed a r<span class="_ _5"/>ul<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g th<span class="_ _5"/>at w<span class="_ _5"/>as i<span class="_ _5"/>n li<span class="_ _5"/>ne w<span class="_ _5"/>it<span class="_ _5"/>h t<span class="_ _5"/>he C<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny<span class="_ _5"/>'<span class="_ _5"/>s exp<span class="_ _5"/>e<span class="_ _5"/>c<span class="_ _5"/>ta<span class="_ _5"/>t<span class="_ _5"/>ion<span class="_ _5"/>s<span class="_ _5"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d it<span class="_ _5"/>s e<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t wa<span class="_ _5"/>s al<span class="_ _5"/>re<span class="_ _5"/>ad<span class="_ _5"/>y re<span class="_ _5"/>f<span class="_ _5"/>le<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d an<span class="_ _5"/>d rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the 20<span class="_ _0"/>2<span class="_ _0"/>4 consolidat<span class="_ _0"/>ed financial statements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Collateral</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 4<span class="_ _5"/>4 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n of c<span class="_ _5"/>as<span class="_ _5"/>h an<span class="_ _5"/>d sh<span class="_ _5"/>or<span class="_ _5"/>t<span class="_ _5"/>-t<span class="_ _5"/>er<span class="_ _5"/>m de<span class="_ _5"/>po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>s is h<span class="_ _5"/>el<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in restricted accounts and<span class="_ _0"/> released when the<span class="_ _0"/> com<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pl<span class="_ _5"/>ete<span class="_ _5"/>d ho<span class="_ _5"/>us<span class="_ _5"/>es a<span class="_ _5"/>re d<span class="_ _5"/>el<span class="_ _5"/>iv<span class="_ _5"/>ere<span class="_ _5"/>d to t<span class="_ _5"/>he c<span class="_ _5"/>us<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r<span class="_ _5"/>s (2024: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 8 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n). Re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _3"/>ted a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>s are c<span class="_ _5"/>la<span class="_ _5"/>ss<span class="_ _5"/>if<span class="_ _3"/>ied a<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">other receivables.</span></span><span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Guarantees and securities provided</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s pro<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>d p<span class="_ _5"/>er<span class="_ _5"/>f<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>nce b<span class="_ _5"/>on<span class="_ _5"/>d<span class="_ _5"/>s of DK<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">66 million<span class="_ _0"/> as security for the performance of<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contractor’s obligations<span class="_ _0"/> to the<span class="_ _0"/> customer in<span class="_ _0"/> connection </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with ongoing c<span class="_ _0"/>onstruc<span class="_ _5"/>tion contract<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has furt<span class="_ _5"/>her pro<span class="_ _0"/>vided a performance bond </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of D<span class="_ _5"/>KK 5 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on a<span class="_ _5"/>s se<span class="_ _5"/>cur<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>y fo<span class="_ _5"/>r th<span class="_ _5"/>e pe<span class="_ _5"/>r<span class="_ _5"/>f<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>nce o<span class="_ _5"/>f th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Groups obligations<span class="_ _0"/> to a<span class="_ _0"/> subcontractor.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In addition, the<span class="_ _0"/> Group has<span class="_ _0"/> issued on-<span class="_ _5"/>demand pay<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment guarantees<span class="_ _0"/> of DKK 17<span class="_ _0"/> million in<span class="_ _0"/> favour of<span class="_ _0"/> third </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part<span class="_ _5"/>ies as<span class="_ _0"/> security for the<span class="_ _0"/> completion of<span class="_ _0"/> infrastruc<span class="_ _5"/>ture</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and site<span class="_ _0"/> development<span class="_ _0"/> works</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contrac<span class="_ _5"/>tual obligations</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> has no mat<span class="_ _0"/>erial obligations not al<span class="_ _0"/>ready </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as<span class="_ _0"/> liabilities in the<span class="_ _0"/> financial statement<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The loan<span class="_ _0"/> agreement between Nordea, Dansk<span class="_ _0"/>e Bank </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and HusCompagniet<span class="_ _0"/> A<span class="_ _5"/>/S includes<span class="_ _0"/> a negative pledge<span class="_ _0"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _5"/>3<span class="ff48 fc0 ls57 ws5b"> <span class="_ _183"> </span>T<span class="_ _2"/>r<span class="_ _0"/>ade and other r<span class="_ _0"/>eceiv<span class="_ _0"/>ables</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:276.78125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.748px; width: 574.312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.232px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 83,536 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">99,077</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 52.4043px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provision for expected credit losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-927 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2873px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-819</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.0449px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.728px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 84,325 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">50,889</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 87.7012px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.953px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 166,934 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">149,147</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 113.857px; width: 193.436px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Presented in the balance sheet as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.061px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.49px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 16,165 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15,540</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 150.717px; width: 574.049px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 379.44px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 150,769 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">133,607</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 176.873px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provision for expected credit losses at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.846px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-819 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9,943</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 194.514px; width: 574.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.625px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-35 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 213.717px; width: 573.955px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Arising during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.322px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-98 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.6915px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 231.373px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Utilised</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.545px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 25 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,477</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.029px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reversed</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.043px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">628</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 266.67px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provision for expected credit losses at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 218.127px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-927 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.2384px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-819</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p rec<span class="_ _5"/>ei<span class="_ _5"/>ves s<span class="_ _5"/>ec<span class="_ _5"/>ur<span class="_ _5"/>it<span class="_ _3"/>y in t<span class="_ _5"/>he f<span class="_ _5"/>or<span class="_ _5"/>m of a ba<span class="_ _5"/>nk </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">guarantee in<span class="_ _0"/> connect<span class="_ _5"/>ion with the<span class="_ _0"/> star<span class="_ _5"/>t-up of con<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">struc<span class="_ _5"/>tion in the detached<span class="_ _0"/> segment, and therefore<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ri<span class="_ _5"/>sk o<span class="_ _5"/>f lo<span class="_ _5"/>ss o<span class="_ _5"/>n tr<span class="_ _5"/>ad<span class="_ _5"/>e re<span class="_ _5"/>cei<span class="_ _5"/>v<span class="_ _5"/>ab<span class="_ _5"/>le<span class="_ _5"/>s an<span class="_ _5"/>d con<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s rel<span class="_ _5"/>at<span class="_ _5"/>ed to t<span class="_ _5"/>h<span class="_ _5"/>e det<span class="_ _5"/>a<span class="_ _5"/>ch<span class="_ _5"/>ed s<span class="_ _5"/>eg<span class="_ _5"/>me<span class="_ _5"/>nt i<span class="_ _5"/>s lo<span class="_ _5"/>w. Ini<span class="_ _5"/>t<span class="_ _5"/>ial<span class="_ _5"/>l<span class="_ _5"/>y</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">issued guarantees or<span class="_ _0"/> deposits par<span class="_ _5"/>tially secure<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trade rece<span class="_ _0"/>ivables and contract assets relat<span class="_ _0"/>ed to<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">semi-<span class="_ _5"/>detached segment. On-<span class="_ _5"/>account<span class="_ _0"/> invoicing during<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e pr<span class="_ _5"/>oj<span class="_ _5"/>ec<span class="_ _5"/>t ex<span class="_ _5"/>ecu<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n al<span class="_ _5"/>so l<span class="_ _5"/>im<span class="_ _5"/>it<span class="_ _5"/>s t<span class="_ _5"/>h<span class="_ _5"/>e ri<span class="_ _5"/>sk<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> trade receivables<span class="_ _0"/> consist primarily of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">invoices<span class="_ _0"/> issued shortly before delivering the<span class="_ _0"/> house, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d no key i<span class="_ _5"/>s de<span class="_ _5"/>li<span class="_ _5"/>ve<span class="_ _5"/>re<span class="_ _5"/>d un<span class="_ _5"/>ti<span class="_ _5"/>l pa<span class="_ _5"/>ym<span class="_ _5"/>en<span class="_ _5"/>t is r<span class="_ _5"/>ece<span class="_ _5"/>iv<span class="_ _5"/>ed<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ut<span class="_ _5"/>il<span class="_ _5"/>is<span class="_ _5"/>ed p<span class="_ _5"/>ro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on f<span class="_ _5"/>or l<span class="_ _5"/>os<span class="_ _5"/>se<span class="_ _5"/>s on t<span class="_ _5"/>ra<span class="_ _5"/>de r<span class="_ _5"/>ece<span class="_ _5"/>iv<span class="_ _5"/>ab<span class="_ _5"/>l<span class="_ _5"/>es i<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024 rela<span class="_ _5"/>tes t<span class="_ _5"/>o th<span class="_ _5"/>e cl<span class="_ _5"/>os<span class="_ _5"/>e<span class="_ _5"/>-<span class="_ _5"/>d<span class="_ _5"/>ow<span class="_ _5"/>n of t<span class="_ _5"/>he b<span class="_ _5"/>ri<span class="_ _5"/>ck h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">business in S<span class="_ _0"/>weden and Germany<span class="_ _1"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risks ar<span class="_ _0"/>e generally managed b<span class="_ _0"/>y regular<span class="_ _0"/> credit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rating of customers and<span class="_ _0"/> business partners<span class="_ _5"/>. The<span class="_ _0"/> credit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">risk exposur<span class="_ _0"/>e relating<span class="_ _0"/> to dealing<span class="_ _0"/> with private c<span class="_ _0"/>oun<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ter<span class="_ _5"/>pa<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s is e<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ma<span class="_ _5"/>ted t<span class="_ _5"/>o be l<span class="_ _5"/>ow. Th<span class="_ _5"/>e ri<span class="_ _5"/>sk i<span class="_ _5"/>s fu<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>he<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">li<span class="_ _5"/>mi<span class="_ _5"/>ted a<span class="_ _5"/>s t<span class="_ _5"/>he h<span class="_ _5"/>ou<span class="_ _5"/>se i<span class="_ _5"/>s no<span class="_ _5"/>t de<span class="_ _5"/>li<span class="_ _5"/>ver<span class="_ _5"/>ed t<span class="_ _5"/>o th<span class="_ _5"/>e cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">until payment has<span class="_ _0"/> been received.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses ar<span class="_ _0"/>e consequently limited.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other receivables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other receivables<span class="_ _0"/> comprises restricted cash<span class="_ _0"/> deposits </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">am<span class="_ _5"/>on<span class="_ _5"/>g ot<span class="_ _5"/>he<span class="_ _5"/>r it<span class="_ _5"/>em<span class="_ _5"/>s. T<span class="_ _5"/>he c<span class="_ _5"/>as<span class="_ _5"/>h is h<span class="_ _5"/>el<span class="_ _5"/>d in a r<span class="_ _5"/>es<span class="_ _5"/>t<span class="_ _5"/>ric<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bank acc<span class="_ _0"/>ount until the house<span class="_ _0"/> is delivered<span class="_ _0"/> to the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er. The c<span class="_ _5"/>as<span class="_ _5"/>h is e<span class="_ _5"/>xp<span class="_ _5"/>ec<span class="_ _3"/>ted t<span class="_ _5"/>o be re<span class="_ _5"/>le<span class="_ _5"/>as<span class="_ _5"/>ed w<span class="_ _5"/>i<span class="_ _5"/>th<span class="_ _5"/>in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">6<span class="_ _5"/>-12 m<span class="_ _5"/>on<span class="_ _5"/>th<span class="_ _5"/>s<span class="_ _5"/>. Res<span class="_ _5"/>t<span class="_ _5"/>ri<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d ca<span class="_ _5"/>sh a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>te<span class="_ _5"/>d to DK<span class="_ _5"/>K 4<span class="_ _5"/>4 mi<span class="_ _5"/>l<span class="_ _5"/><span class="ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">li<span class="_ _5"/>on a<span class="_ _5"/>t 31 D<span class="_ _5"/>ec<span class="_ _5"/>em<span class="_ _5"/>be<span class="_ _5"/>r 2025 (2024: DK<span class="_ _5"/>K 8 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n).</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _5"/>3<span class="ff48 fc0 ls57 ws5b"> <span class="_ _183"> </span>T<span class="_ _2"/>r<span class="_ _0"/>ade and other r<span class="_ _0"/>eceiv<span class="_ _0"/>ables</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:276.78125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.748px; width: 574.312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.232px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 83,536 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">99,077</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 52.4043px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provision for expected credit losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-927 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2873px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-819</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.0449px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.728px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 84,325 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">50,889</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 87.7012px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.953px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 166,934 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">149,147</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 113.857px; width: 193.436px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Presented in the balance sheet as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.061px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.49px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 16,165 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15,540</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 150.717px; width: 574.049px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 379.44px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 150,769 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">133,607</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 176.873px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provision for expected credit losses at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.846px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-819 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9,943</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 194.514px; width: 574.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.625px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-35 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 213.717px; width: 573.955px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Arising during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.322px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-98 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.6915px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 231.373px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Utilised</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.545px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 25 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,477</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.029px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reversed</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.043px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">628</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 266.67px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provision for expected credit losses at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 218.127px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-927 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.2384px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-819</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p rec<span class="_ _5"/>ei<span class="_ _5"/>ves s<span class="_ _5"/>ec<span class="_ _5"/>ur<span class="_ _5"/>it<span class="_ _3"/>y in t<span class="_ _5"/>he f<span class="_ _5"/>or<span class="_ _5"/>m of a ba<span class="_ _5"/>nk </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">guarantee in<span class="_ _0"/> connect<span class="_ _5"/>ion with the<span class="_ _0"/> star<span class="_ _5"/>t-up of con<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">struc<span class="_ _5"/>tion in the detached<span class="_ _0"/> segment, and therefore<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ri<span class="_ _5"/>sk o<span class="_ _5"/>f lo<span class="_ _5"/>ss o<span class="_ _5"/>n tr<span class="_ _5"/>ad<span class="_ _5"/>e re<span class="_ _5"/>cei<span class="_ _5"/>v<span class="_ _5"/>ab<span class="_ _5"/>le<span class="_ _5"/>s an<span class="_ _5"/>d con<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s rel<span class="_ _5"/>at<span class="_ _5"/>ed to t<span class="_ _5"/>h<span class="_ _5"/>e det<span class="_ _5"/>a<span class="_ _5"/>ch<span class="_ _5"/>ed s<span class="_ _5"/>eg<span class="_ _5"/>me<span class="_ _5"/>nt i<span class="_ _5"/>s lo<span class="_ _5"/>w. Ini<span class="_ _5"/>t<span class="_ _5"/>ial<span class="_ _5"/>l<span class="_ _5"/>y</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">issued guarantees or<span class="_ _0"/> deposits par<span class="_ _5"/>tially secure<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trade rece<span class="_ _0"/>ivables and contract assets relat<span class="_ _0"/>ed to<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">semi-<span class="_ _5"/>detached segment. On-<span class="_ _5"/>account<span class="_ _0"/> invoicing during<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e pr<span class="_ _5"/>oj<span class="_ _5"/>ec<span class="_ _5"/>t ex<span class="_ _5"/>ecu<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n al<span class="_ _5"/>so l<span class="_ _5"/>im<span class="_ _5"/>it<span class="_ _5"/>s t<span class="_ _5"/>h<span class="_ _5"/>e ri<span class="_ _5"/>sk<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> trade receivables<span class="_ _0"/> consist primarily of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">invoices<span class="_ _0"/> issued shortly before delivering the<span class="_ _0"/> house, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d no key i<span class="_ _5"/>s de<span class="_ _5"/>li<span class="_ _5"/>ve<span class="_ _5"/>re<span class="_ _5"/>d un<span class="_ _5"/>ti<span class="_ _5"/>l pa<span class="_ _5"/>ym<span class="_ _5"/>en<span class="_ _5"/>t is r<span class="_ _5"/>ece<span class="_ _5"/>iv<span class="_ _5"/>ed<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ut<span class="_ _5"/>il<span class="_ _5"/>is<span class="_ _5"/>ed p<span class="_ _5"/>ro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on f<span class="_ _5"/>or l<span class="_ _5"/>os<span class="_ _5"/>se<span class="_ _5"/>s on t<span class="_ _5"/>ra<span class="_ _5"/>de r<span class="_ _5"/>ece<span class="_ _5"/>iv<span class="_ _5"/>ab<span class="_ _5"/>l<span class="_ _5"/>es i<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024 rela<span class="_ _5"/>tes t<span class="_ _5"/>o th<span class="_ _5"/>e cl<span class="_ _5"/>os<span class="_ _5"/>e<span class="_ _5"/>-<span class="_ _5"/>d<span class="_ _5"/>ow<span class="_ _5"/>n of t<span class="_ _5"/>he b<span class="_ _5"/>ri<span class="_ _5"/>ck h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">business in S<span class="_ _0"/>weden and Germany<span class="_ _1"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risks ar<span class="_ _0"/>e generally managed b<span class="_ _0"/>y regular<span class="_ _0"/> credit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rating of customers and<span class="_ _0"/> business partners<span class="_ _5"/>. The<span class="_ _0"/> credit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">risk exposur<span class="_ _0"/>e relating<span class="_ _0"/> to dealing<span class="_ _0"/> with private c<span class="_ _0"/>oun<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ter<span class="_ _5"/>pa<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s is e<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ma<span class="_ _5"/>ted t<span class="_ _5"/>o be l<span class="_ _5"/>ow. Th<span class="_ _5"/>e ri<span class="_ _5"/>sk i<span class="_ _5"/>s fu<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>he<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">li<span class="_ _5"/>mi<span class="_ _5"/>ted a<span class="_ _5"/>s t<span class="_ _5"/>he h<span class="_ _5"/>ou<span class="_ _5"/>se i<span class="_ _5"/>s no<span class="_ _5"/>t de<span class="_ _5"/>li<span class="_ _5"/>ver<span class="_ _5"/>ed t<span class="_ _5"/>o th<span class="_ _5"/>e cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">until payment has<span class="_ _0"/> been received.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses ar<span class="_ _0"/>e consequently limited.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other receivables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other receivables<span class="_ _0"/> comprises restricted cash<span class="_ _0"/> deposits </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">am<span class="_ _5"/>on<span class="_ _5"/>g ot<span class="_ _5"/>he<span class="_ _5"/>r it<span class="_ _5"/>em<span class="_ _5"/>s. T<span class="_ _5"/>he c<span class="_ _5"/>as<span class="_ _5"/>h is h<span class="_ _5"/>el<span class="_ _5"/>d in a r<span class="_ _5"/>es<span class="_ _5"/>t<span class="_ _5"/>ric<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bank acc<span class="_ _0"/>ount until the house<span class="_ _0"/> is delivered<span class="_ _0"/> to the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er. The c<span class="_ _5"/>as<span class="_ _5"/>h is e<span class="_ _5"/>xp<span class="_ _5"/>ec<span class="_ _3"/>ted t<span class="_ _5"/>o be re<span class="_ _5"/>le<span class="_ _5"/>as<span class="_ _5"/>ed w<span class="_ _5"/>i<span class="_ _5"/>th<span class="_ _5"/>in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">6<span class="_ _5"/>-12 m<span class="_ _5"/>on<span class="_ _5"/>th<span class="_ _5"/>s<span class="_ _5"/>. Res<span class="_ _5"/>t<span class="_ _5"/>ri<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d ca<span class="_ _5"/>sh a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>te<span class="_ _5"/>d to DK<span class="_ _5"/>K 4<span class="_ _5"/>4 mi<span class="_ _5"/>l<span class="_ _5"/><span class="ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">li<span class="_ _5"/>on a<span class="_ _5"/>t 31 D<span class="_ _5"/>ec<span class="_ _5"/>em<span class="_ _5"/>be<span class="_ _5"/>r 2025 (2024: DK<span class="_ _5"/>K 8 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n).</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _5"/>3<span class="ff48 fc0 ls57 ws5b"> <span class="_ _183"> </span>T<span class="_ _2"/>r<span class="_ _0"/>ade and other r<span class="_ _0"/>eceiv<span class="_ _0"/>ables</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:276.78125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.748px; width: 574.312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.232px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 83,536 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">99,077</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 52.4043px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provision for expected credit losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-927 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2873px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-819</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.0449px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.728px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 84,325 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">50,889</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 87.7012px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.953px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 166,934 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">149,147</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 113.857px; width: 193.436px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Presented in the balance sheet as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.061px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.49px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 16,165 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15,540</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 150.717px; width: 574.049px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 379.44px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 150,769 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">133,607</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 176.873px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provision for expected credit losses at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.846px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-819 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9,943</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 194.514px; width: 574.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.625px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-35 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 213.717px; width: 573.955px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Arising during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.322px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-98 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.6915px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 231.373px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Utilised</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.545px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 25 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,477</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.029px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reversed</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.043px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">628</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 266.67px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provision for expected credit losses at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 218.127px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-927 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.2384px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-819</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p rec<span class="_ _5"/>ei<span class="_ _5"/>ves s<span class="_ _5"/>ec<span class="_ _5"/>ur<span class="_ _5"/>it<span class="_ _3"/>y in t<span class="_ _5"/>he f<span class="_ _5"/>or<span class="_ _5"/>m of a ba<span class="_ _5"/>nk </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">guarantee in<span class="_ _0"/> connect<span class="_ _5"/>ion with the<span class="_ _0"/> star<span class="_ _5"/>t-up of con<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">struc<span class="_ _5"/>tion in the detached<span class="_ _0"/> segment, and therefore<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ri<span class="_ _5"/>sk o<span class="_ _5"/>f lo<span class="_ _5"/>ss o<span class="_ _5"/>n tr<span class="_ _5"/>ad<span class="_ _5"/>e re<span class="_ _5"/>cei<span class="_ _5"/>v<span class="_ _5"/>ab<span class="_ _5"/>le<span class="_ _5"/>s an<span class="_ _5"/>d con<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s rel<span class="_ _5"/>at<span class="_ _5"/>ed to t<span class="_ _5"/>h<span class="_ _5"/>e det<span class="_ _5"/>a<span class="_ _5"/>ch<span class="_ _5"/>ed s<span class="_ _5"/>eg<span class="_ _5"/>me<span class="_ _5"/>nt i<span class="_ _5"/>s lo<span class="_ _5"/>w. Ini<span class="_ _5"/>t<span class="_ _5"/>ial<span class="_ _5"/>l<span class="_ _5"/>y</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">issued guarantees or<span class="_ _0"/> deposits par<span class="_ _5"/>tially secure<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trade rece<span class="_ _0"/>ivables and contract assets relat<span class="_ _0"/>ed to<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">semi-<span class="_ _5"/>detached segment. On-<span class="_ _5"/>account<span class="_ _0"/> invoicing during<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e pr<span class="_ _5"/>oj<span class="_ _5"/>ec<span class="_ _5"/>t ex<span class="_ _5"/>ecu<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n al<span class="_ _5"/>so l<span class="_ _5"/>im<span class="_ _5"/>it<span class="_ _5"/>s t<span class="_ _5"/>h<span class="_ _5"/>e ri<span class="_ _5"/>sk<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> trade receivables<span class="_ _0"/> consist primarily of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">invoices<span class="_ _0"/> issued shortly before delivering the<span class="_ _0"/> house, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d no key i<span class="_ _5"/>s de<span class="_ _5"/>li<span class="_ _5"/>ve<span class="_ _5"/>re<span class="_ _5"/>d un<span class="_ _5"/>ti<span class="_ _5"/>l pa<span class="_ _5"/>ym<span class="_ _5"/>en<span class="_ _5"/>t is r<span class="_ _5"/>ece<span class="_ _5"/>iv<span class="_ _5"/>ed<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ut<span class="_ _5"/>il<span class="_ _5"/>is<span class="_ _5"/>ed p<span class="_ _5"/>ro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on f<span class="_ _5"/>or l<span class="_ _5"/>os<span class="_ _5"/>se<span class="_ _5"/>s on t<span class="_ _5"/>ra<span class="_ _5"/>de r<span class="_ _5"/>ece<span class="_ _5"/>iv<span class="_ _5"/>ab<span class="_ _5"/>l<span class="_ _5"/>es i<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024 rela<span class="_ _5"/>tes t<span class="_ _5"/>o th<span class="_ _5"/>e cl<span class="_ _5"/>os<span class="_ _5"/>e<span class="_ _5"/>-<span class="_ _5"/>d<span class="_ _5"/>ow<span class="_ _5"/>n of t<span class="_ _5"/>he b<span class="_ _5"/>ri<span class="_ _5"/>ck h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">business in S<span class="_ _0"/>weden and Germany<span class="_ _1"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risks ar<span class="_ _0"/>e generally managed b<span class="_ _0"/>y regular<span class="_ _0"/> credit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rating of customers and<span class="_ _0"/> business partners<span class="_ _5"/>. The<span class="_ _0"/> credit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">risk exposur<span class="_ _0"/>e relating<span class="_ _0"/> to dealing<span class="_ _0"/> with private c<span class="_ _0"/>oun<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ter<span class="_ _5"/>pa<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s is e<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ma<span class="_ _5"/>ted t<span class="_ _5"/>o be l<span class="_ _5"/>ow. Th<span class="_ _5"/>e ri<span class="_ _5"/>sk i<span class="_ _5"/>s fu<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>he<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">li<span class="_ _5"/>mi<span class="_ _5"/>ted a<span class="_ _5"/>s t<span class="_ _5"/>he h<span class="_ _5"/>ou<span class="_ _5"/>se i<span class="_ _5"/>s no<span class="_ _5"/>t de<span class="_ _5"/>li<span class="_ _5"/>ver<span class="_ _5"/>ed t<span class="_ _5"/>o th<span class="_ _5"/>e cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">until payment has<span class="_ _0"/> been received.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses ar<span class="_ _0"/>e consequently limited.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other receivables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other receivables<span class="_ _0"/> comprises restricted cash<span class="_ _0"/> deposits </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">am<span class="_ _5"/>on<span class="_ _5"/>g ot<span class="_ _5"/>he<span class="_ _5"/>r it<span class="_ _5"/>em<span class="_ _5"/>s. T<span class="_ _5"/>he c<span class="_ _5"/>as<span class="_ _5"/>h is h<span class="_ _5"/>el<span class="_ _5"/>d in a r<span class="_ _5"/>es<span class="_ _5"/>t<span class="_ _5"/>ric<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bank acc<span class="_ _0"/>ount until the house<span class="_ _0"/> is delivered<span class="_ _0"/> to the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er. The c<span class="_ _5"/>as<span class="_ _5"/>h is e<span class="_ _5"/>xp<span class="_ _5"/>ec<span class="_ _3"/>ted t<span class="_ _5"/>o be re<span class="_ _5"/>le<span class="_ _5"/>as<span class="_ _5"/>ed w<span class="_ _5"/>i<span class="_ _5"/>th<span class="_ _5"/>in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">6<span class="_ _5"/>-12 m<span class="_ _5"/>on<span class="_ _5"/>th<span class="_ _5"/>s<span class="_ _5"/>. Res<span class="_ _5"/>t<span class="_ _5"/>ri<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d ca<span class="_ _5"/>sh a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>te<span class="_ _5"/>d to DK<span class="_ _5"/>K 4<span class="_ _5"/>4 mi<span class="_ _5"/>l<span class="_ _5"/><span class="ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">li<span class="_ _5"/>on a<span class="_ _5"/>t 31 D<span class="_ _5"/>ec<span class="_ _5"/>em<span class="_ _5"/>be<span class="_ _5"/>r 2025 (2024: DK<span class="_ _5"/>K 8 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n).</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _5"/>3<span class="ff48 fc0 ls57 ws5b"> <span class="_ _183"> </span>T<span class="_ _2"/>r<span class="_ _0"/>ade and other r<span class="_ _0"/>eceiv<span class="_ _0"/>ables</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:276.78125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.748px; width: 574.312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.232px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 83,536 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">99,077</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 52.4043px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provision for expected credit losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-927 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2873px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-819</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 70.0449px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.728px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 84,325 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">50,889</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 87.7012px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">At 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.953px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 166,934 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">149,147</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 113.857px; width: 193.436px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Presented in the balance sheet as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 133.061px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.49px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 16,165 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15,540</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 150.717px; width: 574.049px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 379.44px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 150,769 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">133,607</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 176.873px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provision for expected credit losses at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.846px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-819 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9,943</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 194.514px; width: 574.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.625px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-35 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 213.717px; width: 573.955px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Arising during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.322px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-98 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.6915px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 231.373px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Utilised</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.545px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 25 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,477</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.029px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Reversed</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.043px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">628</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 266.67px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Provision for expected credit losses at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 218.127px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-927 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.2384px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-819</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p rec<span class="_ _5"/>ei<span class="_ _5"/>ves s<span class="_ _5"/>ec<span class="_ _5"/>ur<span class="_ _5"/>it<span class="_ _3"/>y in t<span class="_ _5"/>he f<span class="_ _5"/>or<span class="_ _5"/>m of a ba<span class="_ _5"/>nk </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">guarantee in<span class="_ _0"/> connect<span class="_ _5"/>ion with the<span class="_ _0"/> star<span class="_ _5"/>t-up of con<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">struc<span class="_ _5"/>tion in the detached<span class="_ _0"/> segment, and therefore<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ri<span class="_ _5"/>sk o<span class="_ _5"/>f lo<span class="_ _5"/>ss o<span class="_ _5"/>n tr<span class="_ _5"/>ad<span class="_ _5"/>e re<span class="_ _5"/>cei<span class="_ _5"/>v<span class="_ _5"/>ab<span class="_ _5"/>le<span class="_ _5"/>s an<span class="_ _5"/>d con<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s rel<span class="_ _5"/>at<span class="_ _5"/>ed to t<span class="_ _5"/>h<span class="_ _5"/>e det<span class="_ _5"/>a<span class="_ _5"/>ch<span class="_ _5"/>ed s<span class="_ _5"/>eg<span class="_ _5"/>me<span class="_ _5"/>nt i<span class="_ _5"/>s lo<span class="_ _5"/>w. Ini<span class="_ _5"/>t<span class="_ _5"/>ial<span class="_ _5"/>l<span class="_ _5"/>y</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">issued guarantees or<span class="_ _0"/> deposits par<span class="_ _5"/>tially secure<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trade rece<span class="_ _0"/>ivables and contract assets relat<span class="_ _0"/>ed to<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">semi-<span class="_ _5"/>detached segment. On-<span class="_ _5"/>account<span class="_ _0"/> invoicing during<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e pr<span class="_ _5"/>oj<span class="_ _5"/>ec<span class="_ _5"/>t ex<span class="_ _5"/>ecu<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n al<span class="_ _5"/>so l<span class="_ _5"/>im<span class="_ _5"/>it<span class="_ _5"/>s t<span class="_ _5"/>h<span class="_ _5"/>e ri<span class="_ _5"/>sk<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> trade receivables<span class="_ _0"/> consist primarily of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">invoices<span class="_ _0"/> issued shortly before delivering the<span class="_ _0"/> house, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d no key i<span class="_ _5"/>s de<span class="_ _5"/>li<span class="_ _5"/>ve<span class="_ _5"/>re<span class="_ _5"/>d un<span class="_ _5"/>ti<span class="_ _5"/>l pa<span class="_ _5"/>ym<span class="_ _5"/>en<span class="_ _5"/>t is r<span class="_ _5"/>ece<span class="_ _5"/>iv<span class="_ _5"/>ed<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ut<span class="_ _5"/>il<span class="_ _5"/>is<span class="_ _5"/>ed p<span class="_ _5"/>ro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on f<span class="_ _5"/>or l<span class="_ _5"/>os<span class="_ _5"/>se<span class="_ _5"/>s on t<span class="_ _5"/>ra<span class="_ _5"/>de r<span class="_ _5"/>ece<span class="_ _5"/>iv<span class="_ _5"/>ab<span class="_ _5"/>l<span class="_ _5"/>es i<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024 rela<span class="_ _5"/>tes t<span class="_ _5"/>o th<span class="_ _5"/>e cl<span class="_ _5"/>os<span class="_ _5"/>e<span class="_ _5"/>-<span class="_ _5"/>d<span class="_ _5"/>ow<span class="_ _5"/>n of t<span class="_ _5"/>he b<span class="_ _5"/>ri<span class="_ _5"/>ck h<span class="_ _5"/>ou<span class="_ _5"/>se<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">business in S<span class="_ _0"/>weden and Germany<span class="_ _1"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risks ar<span class="_ _0"/>e generally managed b<span class="_ _0"/>y regular<span class="_ _0"/> credit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rating of customers and<span class="_ _0"/> business partners<span class="_ _5"/>. The<span class="_ _0"/> credit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">risk exposur<span class="_ _0"/>e relating<span class="_ _0"/> to dealing<span class="_ _0"/> with private c<span class="_ _0"/>oun<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ter<span class="_ _5"/>pa<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s is e<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ma<span class="_ _5"/>ted t<span class="_ _5"/>o be l<span class="_ _5"/>ow. Th<span class="_ _5"/>e ri<span class="_ _5"/>sk i<span class="_ _5"/>s fu<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>he<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">li<span class="_ _5"/>mi<span class="_ _5"/>ted a<span class="_ _5"/>s t<span class="_ _5"/>he h<span class="_ _5"/>ou<span class="_ _5"/>se i<span class="_ _5"/>s no<span class="_ _5"/>t de<span class="_ _5"/>li<span class="_ _5"/>ver<span class="_ _5"/>ed t<span class="_ _5"/>o th<span class="_ _5"/>e cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">until payment has<span class="_ _0"/> been received.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment losses ar<span class="_ _0"/>e consequently limited.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other receivables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other receivables<span class="_ _0"/> comprises restricted cash<span class="_ _0"/> deposits </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">am<span class="_ _5"/>on<span class="_ _5"/>g ot<span class="_ _5"/>he<span class="_ _5"/>r it<span class="_ _5"/>em<span class="_ _5"/>s. T<span class="_ _5"/>he c<span class="_ _5"/>as<span class="_ _5"/>h is h<span class="_ _5"/>el<span class="_ _5"/>d in a r<span class="_ _5"/>es<span class="_ _5"/>t<span class="_ _5"/>ric<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bank acc<span class="_ _0"/>ount until the house<span class="_ _0"/> is delivered<span class="_ _0"/> to the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cu<span class="_ _5"/>st<span class="_ _5"/>om<span class="_ _5"/>er. The c<span class="_ _5"/>as<span class="_ _5"/>h is e<span class="_ _5"/>xp<span class="_ _5"/>ec<span class="_ _3"/>ted t<span class="_ _5"/>o be re<span class="_ _5"/>le<span class="_ _5"/>as<span class="_ _5"/>ed w<span class="_ _5"/>i<span class="_ _5"/>th<span class="_ _5"/>in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">6<span class="_ _5"/>-12 m<span class="_ _5"/>on<span class="_ _5"/>th<span class="_ _5"/>s<span class="_ _5"/>. Res<span class="_ _5"/>t<span class="_ _5"/>ri<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d ca<span class="_ _5"/>sh a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>te<span class="_ _5"/>d to DK<span class="_ _5"/>K 4<span class="_ _5"/>4 mi<span class="_ _5"/>l<span class="_ _5"/><span class="ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">li<span class="_ _5"/>on a<span class="_ _5"/>t 31 D<span class="_ _5"/>ec<span class="_ _5"/>em<span class="_ _5"/>be<span class="_ _5"/>r 2025 (2024: DK<span class="_ _5"/>K 8 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n).</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Collateral</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 4<span class="_ _5"/>4 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n of c<span class="_ _5"/>as<span class="_ _5"/>h an<span class="_ _5"/>d sh<span class="_ _5"/>or<span class="_ _5"/>t<span class="_ _5"/>-t<span class="_ _5"/>er<span class="_ _5"/>m de<span class="_ _5"/>po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>s is h<span class="_ _5"/>el<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in restricted accounts and<span class="_ _0"/> released when the<span class="_ _0"/> com<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pl<span class="_ _5"/>ete<span class="_ _5"/>d ho<span class="_ _5"/>us<span class="_ _5"/>es a<span class="_ _5"/>re d<span class="_ _5"/>el<span class="_ _5"/>iv<span class="_ _5"/>ere<span class="_ _5"/>d to t<span class="_ _5"/>he c<span class="_ _5"/>us<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r<span class="_ _5"/>s (2024: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 8 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n). Re<span class="_ _5"/>s<span class="_ _5"/>tr<span class="_ _5"/>ic<span class="_ _3"/>ted a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>s are c<span class="_ _5"/>la<span class="_ _5"/>ss<span class="_ _5"/>if<span class="_ _3"/>ied a<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other receivables.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="ff6 fs1 fc1 ls4d ws50">N<span class="_ _5"/>ote 3<span class="_ _5"/>.5</span><span class="fs1 lsb5 wsbb"> <span class="_ _183"> </span>Chang<span class="_ _5"/>e in<span class="_ _5"/> work<span class="_ _5"/>ing<span class="_ _5"/> ca<span class="_ _5"/>pita<span class="_ _5"/>l</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:421.125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 574.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inventories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 395.081px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 290,799 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">234,340</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 574.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Contract assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.022px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 819,036 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">471,735</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade and other receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 317.613px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 150,769 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">133,607</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 573.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Prepayments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.999px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 9,312 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9,523</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 574.078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.521px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-505,595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-378,793</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 125.311px; width: 573.75px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Contract liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.043px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-475,171 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-146,350</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.389px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 375.022px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-113,953 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-67,659</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 161.451px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 421.44px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 175,197 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">256,403</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 210.107px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 245.045px; width: 123.861px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Change in working capital</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 266.451px; width: 574.307px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Inventories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.164px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-56,459 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">46,722</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 284.514px; width: 573.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Contract assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.584px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-347,301 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-118,803</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 302.592px; width: 574.061px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade and other receivables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 323.795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-17,162 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,071</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 320.654px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Prepayments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 407.029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 211 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,118</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 338.732px; width: 574.312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 376.241px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 126,802 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">86,505</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 356.795px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Contract liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.576px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 328,821 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">55,377</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 374.873px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Prepayments from customers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 348.252px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,865</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 392.951px; width: 574.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.02px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 46,294 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-28,365</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 411.014px; width: 573.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash flow effect</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.039px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 81,206 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,524</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 6<span class="_ _5"/>.<span class="_ _3"/>2<span class="ff48 fc0 ls72 wsc8"> <span class="_ _183"> </span>Adjust<span class="_ _0"/>ments for non-cash<span class="_ _5"/> it<span class="_ _0"/>ems</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:99.28125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 294.234px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Movements in provisions recognised in the income statement </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 573.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Movement in provisions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.289px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 17,354 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">17,943</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 574.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-cash financial items</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23,249 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13,064</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustments for non-cash items</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.947px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 40,603 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2268px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">31,007</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-<span class="_ _5"/>cash financial items consists of shar<span class="_ _0"/>e-<span class="_ _5"/>based payments, equit<span class="_ _5"/>y movements r<span class="_ _0"/>elated to<span class="_ _0"/> previous years, write-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">down o<span class="_ _0"/>f right-of-use a<span class="_ _0"/>ssets and othe<span class="_ _0"/>r adjustments.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 6<span class="_ _5"/>.<span class="_ _5"/>3</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.7<span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>O<span class="_ _5"/>ther pay<span class="_ _0"/>ables</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:117.359375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 573.803px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ages and salaries, payroll taxes, social security costs, etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.092px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 26,088 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">31,054</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0449px; width: 574.371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Holiday obligation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.322px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,445 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,107</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 574.318px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">A</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">T and duties</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.822px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 72,533 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">24,357</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1855px; width: 573.932px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other costs payable</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.34px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,887 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,141</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 573.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal other payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 348.252px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 113,953 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">67,659</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.7<span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>O<span class="_ _5"/>ther pay<span class="_ _0"/>ables</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:117.359375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 573.803px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ages and salaries, payroll taxes, social security costs, etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 182.092px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 26,088 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">31,054</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0449px; width: 574.371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Holiday obligation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.322px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,445 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,107</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 574.318px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">A</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">T and duties</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.822px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 72,533 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">24,357</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1855px; width: 573.932px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other costs payable</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.34px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,887 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,141</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 573.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal other payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 348.252px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 113,953 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">67,659</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _5"/>6<span class="ff48 fc0 lsbc wsc4"> <span class="_ _183"> </span>Cre<span class="_ _5"/>d<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/> r<span class="_ _5"/>i<span class="_ _5"/>sk</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Hu<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>gn<span class="_ _5"/>ie<span class="_ _5"/>t is ex<span class="_ _5"/>p<span class="_ _5"/>os<span class="_ _5"/>ed to c<span class="_ _5"/>us<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r<span class="_ _5"/>s’ in<span class="_ _5"/>ab<span class="_ _5"/>ili<span class="_ _5"/>t<span class="_ _5"/>y t<span class="_ _5"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">meet their financial obligations. T<span class="_ _1"/>o address<span class="_ _0"/> this risk, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Group obtains<span class="_ _0"/> a bank guarantee<span class="_ _0"/> on the agr<span class="_ _0"/>eed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">se<span class="_ _5"/>ll<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>ice f<span class="_ _5"/>ro<span class="_ _5"/>m th<span class="_ _5"/>e cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er<span class="_ _5"/>s of D<span class="_ _5"/>et<span class="_ _5"/>a<span class="_ _5"/>che<span class="_ _5"/>d h<span class="_ _5"/>ou<span class="_ _5"/>ses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">before<span class="_ _0"/> construc<span class="_ _5"/>tion start<span class="_ _5"/>s, and the<span class="_ _0"/> customers pay on<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">deliver<span class="_ _5"/>y<span class="_ _0"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t<span class="_ _5"/>s w<span class="_ _5"/>h<span class="_ _5"/>ere t<span class="_ _5"/>he s<span class="_ _5"/>co<span class="_ _5"/>pe a<span class="_ _5"/>nd p<span class="_ _5"/>ri<span class="_ _5"/>ce ar<span class="_ _5"/>e su<span class="_ _5"/>bs<span class="_ _5"/>e<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">quently changed, the bank<span class="_ _0"/> guarantee is updat<span class="_ _0"/>ed if </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management considers the<span class="_ _0"/> change to be<span class="_ _0"/> significant<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">This lower<span class="_ _0"/> the risk o<span class="_ _0"/>f impairment, as all<span class="_ _0"/> payment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rights are secured<span class="_ _0"/> before the<span class="_ _0"/> houses are<span class="_ _0"/> delivered. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bank guarantees<span class="_ _0"/> are obtained from<span class="_ _0"/> primarily Danish </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial institutions with a high credit<span class="_ _0"/> rating. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Un<span class="_ _5"/>de<span class="_ _5"/>r th<span class="_ _5"/>e G<span class="_ _5"/>rou<span class="_ _5"/>p's p<span class="_ _5"/>o<span class="_ _5"/>li<span class="_ _5"/>c<span class="_ _5"/>y for a<span class="_ _5"/>s<span class="_ _5"/>sum<span class="_ _5"/>in<span class="_ _5"/>g cr<span class="_ _5"/>ed<span class="_ _5"/>it r<span class="_ _5"/>is<span class="_ _5"/>k<span class="_ _5"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Semi-<span class="_ _5"/>Detached customers/par<span class="_ _5"/>tners are assessed<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">prior to<span class="_ _0"/> entering<span class="_ _0"/> into construction contract<span class="_ _5"/>s. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In a<span class="_ _5"/>dd<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on<span class="_ _5"/>, th<span class="_ _5"/>e cre<span class="_ _5"/>d<span class="_ _5"/>it r<span class="_ _5"/>is<span class="_ _5"/>k fo<span class="_ _5"/>r th<span class="_ _5"/>e De<span class="_ _5"/>ta<span class="_ _5"/>ch<span class="_ _5"/>ed s<span class="_ _5"/>eg<span class="_ _5"/>me<span class="_ _5"/>nt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is partially mitigated by bank<span class="_ _0"/> guarantees or<span class="_ _0"/> deposit<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and for<span class="_ _0"/> the Semi-<span class="_ _5"/>detached segment partially mitigat<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed by<span class="_ _0"/> on-<span class="_ _5"/>account<span class="_ _0"/> payment<span class="_ _5"/>s link<span class="_ _0"/>ed to<span class="_ _0"/> percentage of<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">completion on<span class="_ _0"/> the construction contract<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.7<span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Financial ris<span class="_ _0"/>k managemen<span class="_ _0"/>t</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Capital struc<span class="_ _5"/>ture</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The capital structure is unchanged<span class="_ _0"/> in 20<span class="_ _0"/>25.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/>’s<span class="_ _0"/> ac<span class="_ _5"/>tivit<span class="_ _5"/>ies and<span class="_ _0"/> capital struc<span class="_ _5"/>ture are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exp<span class="_ _5"/>os<span class="_ _5"/>ed t<span class="_ _5"/>o a va<span class="_ _5"/>ri<span class="_ _5"/>et<span class="_ _5"/>y o<span class="_ _5"/>f f<span class="_ _5"/>in<span class="_ _5"/>an<span class="_ _5"/>ci<span class="_ _5"/>al r<span class="_ _5"/>is<span class="_ _5"/>ks: M<span class="_ _5"/>a<span class="_ _5"/>rket r<span class="_ _5"/>i<span class="_ _5"/>sk<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(including currency risk, inter<span class="_ _0"/>est rate risk<span class="_ _0"/> and price<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">risk), credit<span class="_ _0"/> risk and liquidity risk. Group Management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">oversees the<span class="_ _0"/> management of these<span class="_ _0"/> risks in ac<span class="_ _0"/>cord<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ance with the<span class="_ _0"/> Group’<span class="_ _0"/>s risk management<span class="_ _0"/> policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Thi<span class="_ _5"/>s se<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>es d<span class="_ _5"/>es<span class="_ _5"/>cr<span class="_ _5"/>ip<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f th<span class="_ _5"/>e ri<span class="_ _5"/>sk<span class="_ _5"/>s re<span class="_ _5"/>la<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to li<span class="_ _5"/>qu<span class="_ _5"/>id<span class="_ _5"/>it<span class="_ _3"/>y ri<span class="_ _5"/>sk a<span class="_ _5"/>nd i<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>st r<span class="_ _5"/>a<span class="_ _5"/>te ri<span class="_ _5"/>sk<span class="_ _5"/>. Pl<span class="_ _5"/>ea<span class="_ _5"/>se r<span class="_ _5"/>efe<span class="_ _5"/>r to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No<span class="_ _5"/>te 2.7 f<span class="_ _5"/>or a d<span class="_ _5"/>es<span class="_ _5"/>cri<span class="_ _5"/>pt<span class="_ _5"/>i<span class="_ _5"/>on of c<span class="_ _5"/>ur<span class="_ _5"/>re<span class="_ _5"/>nc<span class="_ _5"/>y r<span class="_ _5"/>is<span class="_ _5"/>k, a<span class="_ _5"/>nd N<span class="_ _5"/>o<span class="_ _5"/>te </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3.6 f<span class="_ _5"/>or a d<span class="_ _5"/>es<span class="_ _5"/>cr<span class="_ _5"/>ip<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f cre<span class="_ _5"/>di<span class="_ _5"/>t ri<span class="_ _5"/>sk<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Liquidity risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wi<span class="_ _5"/>t<span class="_ _5"/>h th<span class="_ _5"/>e exce<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n of a r<span class="_ _5"/>el<span class="_ _5"/>at<span class="_ _5"/>iv<span class="_ _5"/>el<span class="_ _5"/>y mi<span class="_ _5"/>no<span class="_ _5"/>r de<span class="_ _5"/>po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>, t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p do<span class="_ _5"/>es n<span class="_ _5"/>ot re<span class="_ _5"/>cei<span class="_ _5"/>ve p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt r<span class="_ _5"/>el<span class="_ _5"/>ate<span class="_ _5"/>d to D<span class="_ _5"/>et<span class="_ _5"/>ac<span class="_ _5"/>he<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">houses until the<span class="_ _0"/> construc<span class="_ _5"/>tion is finalised and the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ho<span class="_ _5"/>us<span class="_ _5"/>e is h<span class="_ _5"/>an<span class="_ _5"/>de<span class="_ _5"/>d ove<span class="_ _5"/>r to t<span class="_ _5"/>he p<span class="_ _5"/>ri<span class="_ _5"/>va<span class="_ _5"/>te cu<span class="_ _5"/>s<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r. Accord<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ingly,<span class="_ _0"/> the Group needs<span class="_ _0"/> suf<span class="_ _5"/>ficient credit facilities t<span class="_ _0"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fund constructions in progr<span class="_ _0"/>ess.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For the Semi-Detached construction contract<span class="_ _5"/>s the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment terms<span class="_ _0"/> varies f<span class="_ _0"/>or some c<span class="_ _0"/>ontrac<span class="_ _5"/>ts on-account </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _5"/>m<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s are r<span class="_ _5"/>ece<span class="_ _5"/>i<span class="_ _5"/>ved b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n pe<span class="_ _5"/>rce<span class="_ _5"/>nt<span class="_ _5"/>a<span class="_ _5"/>ge<span class="_ _5"/>s of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">com<span class="_ _5"/>pl<span class="_ _5"/>et<span class="_ _5"/>i<span class="_ _5"/>on a<span class="_ _5"/>nd fo<span class="_ _5"/>r ot<span class="_ _5"/>he<span class="_ _5"/>r co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s t<span class="_ _5"/>he p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt<span class="_ _5"/>s a<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">upon completion<span class="_ _0"/> of the<span class="_ _0"/> construc<span class="_ _5"/>tion. This<span class="_ _0"/> requires </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">su<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>ic<span class="_ _5"/>ie<span class="_ _5"/>nt c<span class="_ _5"/>re<span class="_ _5"/>di<span class="_ _5"/>t fa<span class="_ _5"/>ci<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>ies a<span class="_ _5"/>s t<span class="_ _5"/>he co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t v<span class="_ _5"/>al<span class="_ _5"/>ue<span class="_ _5"/>s are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant<span class="_ _5"/>ly higher than<span class="_ _0"/> contrac<span class="_ _5"/>ts with private cus<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tomers.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> continually monitors the need<span class="_ _0"/> of liquidity.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At 3<span class="_ _5"/>1 De<span class="_ _5"/>cem<span class="_ _5"/>b<span class="_ _5"/>er 2025, t<span class="_ _5"/>h<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s an u<span class="_ _5"/>nd<span class="_ _5"/>raw<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cre<span class="_ _5"/>di<span class="_ _5"/>t f<span class="_ _5"/>aci<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>y o<span class="_ _5"/>f DK<span class="_ _5"/>K 250 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on to e<span class="_ _5"/>ns<span class="_ _5"/>ur<span class="_ _5"/>e th<span class="_ _5"/>at t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p is a<span class="_ _5"/>bl<span class="_ _5"/>e to m<span class="_ _5"/>ee<span class="_ _5"/>t it<span class="_ _5"/>s o<span class="_ _5"/>bl<span class="_ _5"/>ig<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns (<span class="_ _5"/>2024: DK<span class="_ _5"/>K 250 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management considers the<span class="_ _0"/> credit availability to be<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">su<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>ic<span class="_ _5"/>ie<span class="_ _5"/>nt f<span class="_ _5"/>or t<span class="_ _5"/>he n<span class="_ _5"/>ex<span class="_ _5"/>t 1<span class="_ _5"/>2 mo<span class="_ _5"/>nt<span class="_ _5"/>hs<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ca<span class="_ _5"/>sh f<span class="_ _5"/>l<span class="_ _5"/>ow<span class="_ _5"/>s pr<span class="_ _5"/>ese<span class="_ _5"/>nt<span class="_ _5"/>ed a<span class="_ _5"/>re no<span class="_ _5"/>n<span class="_ _5"/>-<span class="_ _5"/>d<span class="_ _5"/>is<span class="_ _5"/>cou<span class="_ _5"/>n<span class="_ _5"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">am<span class="_ _5"/>ou<span class="_ _5"/>nt<span class="_ _5"/>s<span class="_ _5"/>, at t<span class="_ _5"/>he e<span class="_ _5"/>ar<span class="_ _5"/>li<span class="_ _5"/>es<span class="_ _5"/>t p<span class="_ _5"/>os<span class="_ _5"/>si<span class="_ _5"/>bl<span class="_ _5"/>e da<span class="_ _5"/>te at w<span class="_ _5"/>h<span class="_ _5"/>ich t<span class="_ _5"/>h<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group can be<span class="_ _0"/> required t<span class="_ _0"/>o settle the financial liability.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Floating interest<span class="_ _0"/> payment<span class="_ _5"/>s on<span class="_ _0"/> bank borrowings ha<span class="_ _0"/>ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been determined<span class="_ _0"/> applyin<span class="_ _5"/>g a<span class="_ _0"/> forward cur<span class="_ _5"/>ve on<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">underlying interest<span class="_ _0"/> rate at<span class="_ _0"/> the reporting date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:269.921875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 471.891px; top: 0.0136718px; width: 57.5801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due within </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 560.875px; top: 0.0136718px; width: 70.6172px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due between </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 663.5px; top: 0.0136718px; width: 70.6172px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due between </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 786.562px; top: 0.0136718px; width: 50.2559px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due after </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 850.469px; top: 0.0136718px; width: 87.6387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contractual </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 993.891px; top: 0.0136718px; width: 46.3535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 12.7637px; width: 302.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Contractual maturity analysis of financial liabilities</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 496.172px; top: 12.7637px; width: 32.0449px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1 year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 560.875px; top: 12.7637px; width: 69.3926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1 and 3 years</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 661.75px; top: 12.7637px; width: 69.3926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3 and 5 years</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.984px; top: 12.7637px; width: 37.4062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5 years</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 887.312px; top: 12.7637px; width: 48.1289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">cash flow</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 998.406px; top: 12.7637px; width: 38.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 47.7012px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7793px; width: 157.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-derivative financial liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.8418px; width: 1040.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 414.517px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.1054px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.8418px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.871px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.7656px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.8418px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.2384px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 505,595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,595 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 101.92px; width: 1040.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 412.95px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 34,168 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 568,335 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,560 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,203 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 609,266 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,285 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 119.982px; width: 1040.31px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 420.795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 30,473 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 30,526 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.3906px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 14,150 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,143 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.3906px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 76,292 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 68,699 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 138.061px; width: 1040.46px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-derivative financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 301.137px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 570,236 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 598,861 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 16,710 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4884px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5,346 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,191,153 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,080,579 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 169.467px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 187.529px; width: 160.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-derivative financial liabilities </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 205.607px; width: 1037.56px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade and other payables </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 367.477px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">378,793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.871px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.871px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">378,793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.3906px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">378,793</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 223.67px; width: 1037.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 415.616px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,630</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">57,260</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">529,910</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,507</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">621,307</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">506,570</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 241.748px; width: 1037.72px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 423.502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">26,345</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,141</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16,173</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,240</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">72,899</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,332</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 259.811px; width: 1037.44px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-derivative financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.732px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">433,768</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.6034px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">86,401</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">546,083</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.377px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,747</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,072,999</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">950,695</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Interest rate risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">HusCompagniet is<span class="_ _0"/> exposed t<span class="_ _0"/>o fluc<span class="_ _5"/>tuations in<span class="_ _0"/> market<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest rates<span class="_ _0"/> primarily related<span class="_ _0"/> to the Group<span class="_ _0"/>'s long-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term loa<span class="_ _0"/>ns with floating rates.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ban<span class="_ _5"/>k ag<span class="_ _5"/>re<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t op<span class="_ _5"/>t<span class="_ _5"/>ion f<span class="_ _5"/>or a t<span class="_ _5"/>w<span class="_ _5"/>o<span class="_ _5"/>-<span class="_ _5"/>yea<span class="_ _5"/>r ex<span class="_ _5"/>t<span class="_ _5"/>en<span class="_ _5"/>si<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">was ex<span class="_ _0"/>ercised during<span class="_ _0"/> 20<span class="_ _0"/>25, and<span class="_ _0"/> the bank agreement<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">now c<span class="_ _5"/>ove<span class="_ _5"/>r to 2028.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At 3<span class="_ _5"/>1 De<span class="_ _5"/>cem<span class="_ _5"/>b<span class="_ _5"/>er 2025, t<span class="_ _5"/>h<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p's l<span class="_ _5"/>on<span class="_ _5"/>g<span class="_ _5"/>-<span class="_ _5"/>ter<span class="_ _5"/>m de<span class="_ _5"/>bt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>rr<span class="_ _5"/>ie<span class="_ _5"/>d f<span class="_ _5"/>lo<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t r<span class="_ _5"/>at<span class="_ _5"/>es ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>h<span class="_ _5"/>e 3M C<span class="_ _5"/>I<span class="_ _5"/>BO<span class="_ _5"/>R </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wi<span class="_ _5"/>t<span class="_ _5"/>h a f<span class="_ _5"/>lo<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t r<span class="_ _5"/>ate b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n t<span class="_ _5"/>he qu<span class="_ _5"/>ar<span class="_ _3"/>ter<span class="_ _5"/>l<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">leverage<span class="_ _0"/> ratio.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">If t<span class="_ _5"/>he i<span class="_ _5"/>n<span class="_ _5"/>tere<span class="_ _5"/>s<span class="_ _5"/>t ra<span class="_ _5"/>te h<span class="_ _5"/>ad i<span class="_ _5"/>ncr<span class="_ _5"/>ea<span class="_ _5"/>se<span class="_ _5"/>d (de<span class="_ _5"/>cr<span class="_ _5"/>eas<span class="_ _5"/>ed<span class="_ _5"/>) by 1<span class="_ _5"/>% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _3"/>t on in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t d<span class="_ _5"/>ur<span class="_ _5"/>in<span class="_ _5"/>g 2025 wo<span class="_ _5"/>ul<span class="_ _5"/>d hav<span class="_ _5"/>e be<span class="_ _5"/>en </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n (2024: DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK’000<span class="_ _c2"> </span><span class="ff22 fc3">2025<span class="_ _81"> </span>2024</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 247.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Categories of financial assets and financial liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0918px; width: 576.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash (financial assets at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 263.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 377,507 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 300,590 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 576.404px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Receivables (financial assets at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.929px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 166,934 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 149,147 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2324px; width: 576.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank borrowings (financial liabilities at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 198.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,285 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,570 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 72.2949px; width: 576.562px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities (financial liabilities at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 212.683px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 68,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 65,332 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 574.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade payables (financial liabilities at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 206.121px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.9844px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 378,793</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _5"/>6<span class="ff48 fc0 lsbc wsc4"> <span class="_ _183"> </span>Cre<span class="_ _5"/>d<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/> r<span class="_ _5"/>i<span class="_ _5"/>sk</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Hu<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>gn<span class="_ _5"/>ie<span class="_ _5"/>t is ex<span class="_ _5"/>p<span class="_ _5"/>os<span class="_ _5"/>ed to c<span class="_ _5"/>us<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r<span class="_ _5"/>s’ in<span class="_ _5"/>ab<span class="_ _5"/>ili<span class="_ _5"/>t<span class="_ _5"/>y t<span class="_ _5"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">meet their financial obligations. T<span class="_ _1"/>o address<span class="_ _0"/> this risk, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Group obtains<span class="_ _0"/> a bank guarantee<span class="_ _0"/> on the agr<span class="_ _0"/>eed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">se<span class="_ _5"/>ll<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>ice f<span class="_ _5"/>ro<span class="_ _5"/>m th<span class="_ _5"/>e cu<span class="_ _5"/>s<span class="_ _5"/>tom<span class="_ _5"/>er<span class="_ _5"/>s of D<span class="_ _5"/>et<span class="_ _5"/>a<span class="_ _5"/>che<span class="_ _5"/>d h<span class="_ _5"/>ou<span class="_ _5"/>ses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">before<span class="_ _0"/> construc<span class="_ _5"/>tion start<span class="_ _5"/>s, and the<span class="_ _0"/> customers pay on<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">deliver<span class="_ _5"/>y<span class="_ _0"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t<span class="_ _5"/>s w<span class="_ _5"/>h<span class="_ _5"/>ere t<span class="_ _5"/>he s<span class="_ _5"/>co<span class="_ _5"/>pe a<span class="_ _5"/>nd p<span class="_ _5"/>ri<span class="_ _5"/>ce ar<span class="_ _5"/>e su<span class="_ _5"/>bs<span class="_ _5"/>e<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">quently changed, the bank<span class="_ _0"/> guarantee is updat<span class="_ _0"/>ed if </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management considers the<span class="_ _0"/> change to be<span class="_ _0"/> significant<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">This lower<span class="_ _0"/> the risk o<span class="_ _0"/>f impairment, as all<span class="_ _0"/> payment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rights are secured<span class="_ _0"/> before the<span class="_ _0"/> houses are<span class="_ _0"/> delivered. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bank guarantees<span class="_ _0"/> are obtained from<span class="_ _0"/> primarily Danish </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial institutions with a high credit<span class="_ _0"/> rating. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Un<span class="_ _5"/>de<span class="_ _5"/>r th<span class="_ _5"/>e G<span class="_ _5"/>rou<span class="_ _5"/>p's p<span class="_ _5"/>o<span class="_ _5"/>li<span class="_ _5"/>c<span class="_ _5"/>y for a<span class="_ _5"/>s<span class="_ _5"/>sum<span class="_ _5"/>in<span class="_ _5"/>g cr<span class="_ _5"/>ed<span class="_ _5"/>it r<span class="_ _5"/>is<span class="_ _5"/>k<span class="_ _5"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Semi-<span class="_ _5"/>Detached customers/par<span class="_ _5"/>tners are assessed<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">prior to<span class="_ _0"/> entering<span class="_ _0"/> into construction contract<span class="_ _5"/>s. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In a<span class="_ _5"/>dd<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on<span class="_ _5"/>, th<span class="_ _5"/>e cre<span class="_ _5"/>d<span class="_ _5"/>it r<span class="_ _5"/>is<span class="_ _5"/>k fo<span class="_ _5"/>r th<span class="_ _5"/>e De<span class="_ _5"/>ta<span class="_ _5"/>ch<span class="_ _5"/>ed s<span class="_ _5"/>eg<span class="_ _5"/>me<span class="_ _5"/>nt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is partially mitigated by bank<span class="_ _0"/> guarantees or<span class="_ _0"/> deposit<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and for<span class="_ _0"/> the Semi-<span class="_ _5"/>detached segment partially mitigat<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed by<span class="_ _0"/> on-<span class="_ _5"/>account<span class="_ _0"/> payment<span class="_ _5"/>s link<span class="_ _0"/>ed to<span class="_ _0"/> percentage of<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">completion on<span class="_ _0"/> the construction contract<span class="_ _5"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _5"/>8<span class="ff48 fc0 ls0 ws0"> <span class="_ _183"> </span>Accou<span class="_ _0"/>nt<span class="_ _0"/>in<span class="_ _0"/>g poli<span class="_ _0"/>ci<span class="_ _0"/>es r<span class="_ _0"/>el<span class="_ _0"/>at<span class="_ _1"/>ed to w<span class="_ _0"/>orki<span class="_ _0"/>ng </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capital not<span class="_ _1"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Inventories</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In<span class="_ _5"/>ven<span class="_ _5"/>to<span class="_ _5"/>rie<span class="_ _5"/>s ar<span class="_ _5"/>e me<span class="_ _5"/>as<span class="_ _5"/>ure<span class="_ _5"/>d at t<span class="_ _5"/>h<span class="_ _5"/>e low<span class="_ _5"/>er o<span class="_ _5"/>f cos<span class="_ _5"/>t a<span class="_ _5"/>nd n<span class="_ _5"/>et </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">realisable value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e cos<span class="_ _5"/>t of r<span class="_ _5"/>aw m<span class="_ _5"/>ate<span class="_ _5"/>ri<span class="_ _5"/>al<span class="_ _5"/>s in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>es co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s of b<span class="_ _5"/>ri<span class="_ _5"/>ng<span class="_ _5"/>in<span class="_ _5"/>g </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">each product to<span class="_ _0"/> its present location<span class="_ _0"/> and condition.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Co<span class="_ _5"/>st o<span class="_ _5"/>f ra<span class="_ _5"/>w ma<span class="_ _5"/>ter<span class="_ _5"/>ia<span class="_ _5"/>ls i<span class="_ _5"/>s me<span class="_ _5"/>as<span class="_ _5"/>ur<span class="_ _5"/>ed o<span class="_ _5"/>n a f<span class="_ _5"/>ir<span class="_ _5"/>s<span class="_ _5"/>t-<span class="_ _5"/>i<span class="_ _5"/>n/<span class="_ _5"/>f<span class="_ _5"/>i<span class="_ _5"/>rs<span class="_ _5"/>t<span class="_ _5"/>-<span class="_ _5"/>ou<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">basis.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Work<span class="_ _0"/> in progress and finished houses<span class="_ _0"/> <span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(non-contracted construction)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e cos<span class="_ _5"/>t of w<span class="_ _5"/>or<span class="_ _5"/>k in p<span class="_ _5"/>ro<span class="_ _5"/>gre<span class="_ _5"/>ss a<span class="_ _5"/>nd f<span class="_ _3"/>in<span class="_ _5"/>is<span class="_ _5"/>he<span class="_ _5"/>d ho<span class="_ _5"/>us<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(non-<span class="_ _5"/> <span class="_ _5d"/>contrac<span class="_ _5"/>ted), includes<span class="_ _0"/> costs of direct materials<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and labour<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e cos<span class="_ _5"/>t of l<span class="_ _5"/>an<span class="_ _5"/>d pl<span class="_ _5"/>ot<span class="_ _5"/>s i<span class="_ _5"/>nc<span class="_ _5"/>lu<span class="_ _5"/>de<span class="_ _5"/>s in<span class="_ _5"/>di<span class="_ _5"/>re<span class="_ _5"/>c<span class="_ _5"/>t cos<span class="_ _5"/>t<span class="_ _5"/>s s<span class="_ _5"/>uc<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as dev<span class="_ _0"/>elopment costs etc.<span class="_ _0"/> of bringing<span class="_ _0"/> the land t<span class="_ _0"/>o its </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">present c<span class="_ _0"/>ondition.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Net realisable value<span class="_ _0"/> is the estimated<span class="_ _0"/> selling price<span class="_ _0"/> in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the ordinary course of<span class="_ _0"/> business less estimated c<span class="_ _0"/>ost<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of co<span class="_ _5"/>mp<span class="_ _5"/>le<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>nd t<span class="_ _5"/>h<span class="_ _5"/>e es<span class="_ _5"/>ti<span class="_ _5"/>ma<span class="_ _5"/>te<span class="_ _5"/>d cos<span class="_ _5"/>t<span class="_ _5"/>s n<span class="_ _5"/>ece<span class="_ _5"/>ss<span class="_ _5"/>ar<span class="_ _3"/>y to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">make<span class="_ _0"/> the sale.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>rade and<span class="_ _0"/> other receivables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Rec<span class="_ _5"/>ei<span class="_ _5"/>va<span class="_ _5"/>bl<span class="_ _5"/>es a<span class="_ _5"/>re me<span class="_ _5"/>as<span class="_ _5"/>ur<span class="_ _5"/>ed a<span class="_ _5"/>t am<span class="_ _5"/>or<span class="_ _3"/>ti<span class="_ _5"/>se<span class="_ _5"/>d cos<span class="_ _5"/>t<span class="_ _5"/>. A </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on i<span class="_ _5"/>s re<span class="_ _5"/>co<span class="_ _5"/>gni<span class="_ _5"/>se<span class="_ _5"/>d ac<span class="_ _5"/>cor<span class="_ _5"/>di<span class="_ _5"/>ng t<span class="_ _5"/>o th<span class="_ _5"/>e si<span class="_ _5"/>mp<span class="_ _5"/>li<span class="_ _5"/>f<span class="_ _5"/>ie<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected credit lo<span class="_ _0"/>ss model, ac<span class="_ _0"/>cording t<span class="_ _0"/>o which the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tot<span class="_ _5"/>al l<span class="_ _5"/>os<span class="_ _5"/>s is r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d im<span class="_ _5"/>me<span class="_ _5"/>dia<span class="_ _5"/>te<span class="_ _5"/>ly i<span class="_ _5"/>n t<span class="_ _5"/>he p<span class="_ _5"/>rof<span class="_ _5"/>i<span class="_ _5"/>t a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lo<span class="_ _5"/>ss a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t at t<span class="_ _5"/>he s<span class="_ _5"/>am<span class="_ _5"/>e ti<span class="_ _5"/>me a<span class="_ _5"/>s t<span class="_ _5"/>he re<span class="_ _5"/>cei<span class="_ _5"/>v<span class="_ _5"/>ab<span class="_ _5"/>le i<span class="_ _5"/>s re<span class="_ _5"/>c-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>he b<span class="_ _5"/>al<span class="_ _5"/>an<span class="_ _5"/>ce sh<span class="_ _5"/>ee<span class="_ _5"/>t on t<span class="_ _5"/>he b<span class="_ _5"/>as<span class="_ _5"/>is o<span class="_ _5"/>f ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loss during the<span class="_ _0"/> total lifetime<span class="_ _0"/> of the r<span class="_ _0"/>eceivable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">O<span class="_ _5"/>th<span class="_ _5"/>er re<span class="_ _5"/>ce<span class="_ _5"/>iv<span class="_ _5"/>ab<span class="_ _5"/>le<span class="_ _5"/>s in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>e re<span class="_ _5"/>st<span class="_ _5"/>r<span class="_ _5"/>ic<span class="_ _5"/>te<span class="_ _5"/>d c<span class="_ _5"/>as<span class="_ _5"/>h.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions<span class="_ _0"/> and other commi<span class="_ _0"/>tments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions differ from<span class="_ _0"/> other liabilities because there<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is a<span class="_ _0"/> degree of unc<span class="_ _0"/>er<span class="_ _5"/>tainty concerning when<span class="_ _0"/> pay<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment will oc<span class="_ _0"/>cur or c<span class="_ _0"/>oncerning the s<span class="_ _0"/>ize<span class="_ _0"/> of the<span class="_ _0"/> amount </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">req<span class="_ _5"/>ui<span class="_ _5"/>re<span class="_ _5"/>d to se<span class="_ _5"/>t<span class="_ _5"/>t<span class="_ _5"/>le t<span class="_ _5"/>he p<span class="_ _5"/>rov<span class="_ _5"/>i<span class="_ _5"/>si<span class="_ _5"/>on<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions ar<span class="_ _0"/>e recognised<span class="_ _0"/> in the balance<span class="_ _0"/> sheet when<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a le<span class="_ _5"/>ga<span class="_ _5"/>l or i<span class="_ _5"/>nfo<span class="_ _5"/>r<span class="_ _5"/>mal o<span class="_ _5"/>b<span class="_ _5"/>li<span class="_ _5"/>ga<span class="_ _5"/>ti<span class="_ _5"/>on ex<span class="_ _5"/>i<span class="_ _5"/>st<span class="_ _5"/>s d<span class="_ _5"/>ue t<span class="_ _5"/>o an ev<span class="_ _5"/>en<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>at h<span class="_ _5"/>as o<span class="_ _5"/>ccu<span class="_ _5"/>rr<span class="_ _5"/>ed a<span class="_ _5"/>nd i<span class="_ _5"/>t is p<span class="_ _5"/>ro<span class="_ _5"/>ba<span class="_ _5"/>bl<span class="_ _5"/>e th<span class="_ _5"/>at a<span class="_ _5"/>n ou<span class="_ _5"/>t<span class="_ _5"/>f<span class="_ _5"/>l<span class="_ _5"/>ow of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">res<span class="_ _5"/>ou<span class="_ _5"/>rce<span class="_ _5"/>s wi<span class="_ _5"/>ll b<span class="_ _5"/>e re<span class="_ _5"/>qu<span class="_ _5"/>ire<span class="_ _5"/>d to s<span class="_ _5"/>et<span class="_ _5"/>t<span class="_ _5"/>le t<span class="_ _5"/>h<span class="_ _5"/>e ob<span class="_ _5"/>li<span class="_ _5"/>ga<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">the amount can<span class="_ _0"/> be estimated reliably<span class="_ _0"/>.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions<span class="_ _0"/> are measur<span class="_ _0"/>ed on the<span class="_ _0"/> basis of<span class="_ _0"/> Manage<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment’s best estimate o<span class="_ _0"/>f the anticipated<span class="_ _0"/> expenditure </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for settlement of<span class="_ _0"/> the releva<span class="_ _0"/>nt obligation and<span class="_ _0"/> are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disco<span class="_ _5"/>unte<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>rade<span class="_ _0"/> payables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _1"/>rade payables are<span class="_ _0"/> measured<span class="_ _0"/> at amortised cost, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which, in all<span class="_ _0"/> essentials, corresponds<span class="_ _0"/> to the net<span class="_ _0"/> realis<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">able value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments comprise incurr<span class="_ _0"/>ed payments of e<span class="_ _0"/>xpens<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es relating<span class="_ _0"/> to subsequent financial y<span class="_ _0"/>ears.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments from<span class="_ _0"/> customers</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments from<span class="_ _0"/> customers comprise<span class="_ _0"/> payments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">received<span class="_ _0"/> prior to<span class="_ _0"/> star<span class="_ _5"/>t of<span class="_ _0"/> construc<span class="_ _5"/>tion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other payables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other payables, which include<span class="_ _0"/> debt to<span class="_ _0"/> public authori<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ties, employee-related c<span class="_ _0"/>osts payable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash and cash equivalents</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash and cash<span class="_ _0"/> equivalents comprise cash<span class="_ _0"/> at banks </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and in<span class="_ _0"/> hand.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _5"/>.<span class="_ _5"/>8<span class="ff48 fc0 ls0 ws0"> <span class="_ _183"> </span>Accou<span class="_ _0"/>nt<span class="_ _0"/>in<span class="_ _0"/>g poli<span class="_ _0"/>ci<span class="_ _0"/>es r<span class="_ _0"/>el<span class="_ _0"/>at<span class="_ _1"/>ed to w<span class="_ _0"/>orki<span class="_ _0"/>ng </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capital not<span class="_ _1"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Inventories</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In<span class="_ _5"/>ven<span class="_ _5"/>to<span class="_ _5"/>rie<span class="_ _5"/>s ar<span class="_ _5"/>e me<span class="_ _5"/>as<span class="_ _5"/>ure<span class="_ _5"/>d at t<span class="_ _5"/>h<span class="_ _5"/>e low<span class="_ _5"/>er o<span class="_ _5"/>f cos<span class="_ _5"/>t a<span class="_ _5"/>nd n<span class="_ _5"/>et </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">realisable value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e cos<span class="_ _5"/>t of r<span class="_ _5"/>aw m<span class="_ _5"/>ate<span class="_ _5"/>ri<span class="_ _5"/>al<span class="_ _5"/>s in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>es co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s of b<span class="_ _5"/>ri<span class="_ _5"/>ng<span class="_ _5"/>in<span class="_ _5"/>g </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">each product to<span class="_ _0"/> its present location<span class="_ _0"/> and condition.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Co<span class="_ _5"/>st o<span class="_ _5"/>f ra<span class="_ _5"/>w ma<span class="_ _5"/>ter<span class="_ _5"/>ia<span class="_ _5"/>ls i<span class="_ _5"/>s me<span class="_ _5"/>as<span class="_ _5"/>ur<span class="_ _5"/>ed o<span class="_ _5"/>n a f<span class="_ _5"/>ir<span class="_ _5"/>s<span class="_ _5"/>t-<span class="_ _5"/>i<span class="_ _5"/>n/<span class="_ _5"/>f<span class="_ _5"/>i<span class="_ _5"/>rs<span class="_ _5"/>t<span class="_ _5"/>-<span class="_ _5"/>ou<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">basis.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Work<span class="_ _0"/> in progress and finished houses<span class="_ _0"/> <span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(non-contracted construction)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e cos<span class="_ _5"/>t of w<span class="_ _5"/>or<span class="_ _5"/>k in p<span class="_ _5"/>ro<span class="_ _5"/>gre<span class="_ _5"/>ss a<span class="_ _5"/>nd f<span class="_ _3"/>in<span class="_ _5"/>is<span class="_ _5"/>he<span class="_ _5"/>d ho<span class="_ _5"/>us<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(non-<span class="_ _5"/> <span class="_ _5d"/>contrac<span class="_ _5"/>ted), includes<span class="_ _0"/> costs of direct materials<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and labour<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e cos<span class="_ _5"/>t of l<span class="_ _5"/>an<span class="_ _5"/>d pl<span class="_ _5"/>ot<span class="_ _5"/>s i<span class="_ _5"/>nc<span class="_ _5"/>lu<span class="_ _5"/>de<span class="_ _5"/>s in<span class="_ _5"/>di<span class="_ _5"/>re<span class="_ _5"/>c<span class="_ _5"/>t cos<span class="_ _5"/>t<span class="_ _5"/>s s<span class="_ _5"/>uc<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as dev<span class="_ _0"/>elopment costs etc.<span class="_ _0"/> of bringing<span class="_ _0"/> the land t<span class="_ _0"/>o its </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">present c<span class="_ _0"/>ondition.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Net realisable value<span class="_ _0"/> is the estimated<span class="_ _0"/> selling price<span class="_ _0"/> in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the ordinary course of<span class="_ _0"/> business less estimated c<span class="_ _0"/>ost<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of co<span class="_ _5"/>mp<span class="_ _5"/>le<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>nd t<span class="_ _5"/>h<span class="_ _5"/>e es<span class="_ _5"/>ti<span class="_ _5"/>ma<span class="_ _5"/>te<span class="_ _5"/>d cos<span class="_ _5"/>t<span class="_ _5"/>s n<span class="_ _5"/>ece<span class="_ _5"/>ss<span class="_ _5"/>ar<span class="_ _3"/>y to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">make<span class="_ _0"/> the sale.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>rade and<span class="_ _0"/> other receivables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Rec<span class="_ _5"/>ei<span class="_ _5"/>va<span class="_ _5"/>bl<span class="_ _5"/>es a<span class="_ _5"/>re me<span class="_ _5"/>as<span class="_ _5"/>ur<span class="_ _5"/>ed a<span class="_ _5"/>t am<span class="_ _5"/>or<span class="_ _3"/>ti<span class="_ _5"/>se<span class="_ _5"/>d cos<span class="_ _5"/>t<span class="_ _5"/>. A </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on i<span class="_ _5"/>s re<span class="_ _5"/>co<span class="_ _5"/>gni<span class="_ _5"/>se<span class="_ _5"/>d ac<span class="_ _5"/>cor<span class="_ _5"/>di<span class="_ _5"/>ng t<span class="_ _5"/>o th<span class="_ _5"/>e si<span class="_ _5"/>mp<span class="_ _5"/>li<span class="_ _5"/>f<span class="_ _5"/>ie<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected credit lo<span class="_ _0"/>ss model, ac<span class="_ _0"/>cording t<span class="_ _0"/>o which the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tot<span class="_ _5"/>al l<span class="_ _5"/>os<span class="_ _5"/>s is r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d im<span class="_ _5"/>me<span class="_ _5"/>dia<span class="_ _5"/>te<span class="_ _5"/>ly i<span class="_ _5"/>n t<span class="_ _5"/>he p<span class="_ _5"/>rof<span class="_ _5"/>i<span class="_ _5"/>t a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lo<span class="_ _5"/>ss a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t at t<span class="_ _5"/>he s<span class="_ _5"/>am<span class="_ _5"/>e ti<span class="_ _5"/>me a<span class="_ _5"/>s t<span class="_ _5"/>he re<span class="_ _5"/>cei<span class="_ _5"/>v<span class="_ _5"/>ab<span class="_ _5"/>le i<span class="_ _5"/>s re<span class="_ _5"/>c-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>he b<span class="_ _5"/>al<span class="_ _5"/>an<span class="_ _5"/>ce sh<span class="_ _5"/>ee<span class="_ _5"/>t on t<span class="_ _5"/>he b<span class="_ _5"/>as<span class="_ _5"/>is o<span class="_ _5"/>f ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loss during the<span class="_ _0"/> total lifetime<span class="_ _0"/> of the r<span class="_ _0"/>eceivable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">O<span class="_ _5"/>th<span class="_ _5"/>er re<span class="_ _5"/>ce<span class="_ _5"/>iv<span class="_ _5"/>ab<span class="_ _5"/>le<span class="_ _5"/>s in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>e re<span class="_ _5"/>st<span class="_ _5"/>r<span class="_ _5"/>ic<span class="_ _5"/>te<span class="_ _5"/>d c<span class="_ _5"/>as<span class="_ _5"/>h.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions<span class="_ _0"/> and other commi<span class="_ _0"/>tments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions differ from<span class="_ _0"/> other liabilities because there<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is a<span class="_ _0"/> degree of unc<span class="_ _0"/>er<span class="_ _5"/>tainty concerning when<span class="_ _0"/> pay<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment will oc<span class="_ _0"/>cur or c<span class="_ _0"/>oncerning the s<span class="_ _0"/>ize<span class="_ _0"/> of the<span class="_ _0"/> amount </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">req<span class="_ _5"/>ui<span class="_ _5"/>re<span class="_ _5"/>d to se<span class="_ _5"/>t<span class="_ _5"/>t<span class="_ _5"/>le t<span class="_ _5"/>he p<span class="_ _5"/>rov<span class="_ _5"/>i<span class="_ _5"/>si<span class="_ _5"/>on<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions ar<span class="_ _0"/>e recognised<span class="_ _0"/> in the balance<span class="_ _0"/> sheet when<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a le<span class="_ _5"/>ga<span class="_ _5"/>l or i<span class="_ _5"/>nfo<span class="_ _5"/>r<span class="_ _5"/>mal o<span class="_ _5"/>b<span class="_ _5"/>li<span class="_ _5"/>ga<span class="_ _5"/>ti<span class="_ _5"/>on ex<span class="_ _5"/>i<span class="_ _5"/>st<span class="_ _5"/>s d<span class="_ _5"/>ue t<span class="_ _5"/>o an ev<span class="_ _5"/>en<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>at h<span class="_ _5"/>as o<span class="_ _5"/>ccu<span class="_ _5"/>rr<span class="_ _5"/>ed a<span class="_ _5"/>nd i<span class="_ _5"/>t is p<span class="_ _5"/>ro<span class="_ _5"/>ba<span class="_ _5"/>bl<span class="_ _5"/>e th<span class="_ _5"/>at a<span class="_ _5"/>n ou<span class="_ _5"/>t<span class="_ _5"/>f<span class="_ _5"/>l<span class="_ _5"/>ow of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">res<span class="_ _5"/>ou<span class="_ _5"/>rce<span class="_ _5"/>s wi<span class="_ _5"/>ll b<span class="_ _5"/>e re<span class="_ _5"/>qu<span class="_ _5"/>ire<span class="_ _5"/>d to s<span class="_ _5"/>et<span class="_ _5"/>t<span class="_ _5"/>le t<span class="_ _5"/>h<span class="_ _5"/>e ob<span class="_ _5"/>li<span class="_ _5"/>ga<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">the amount can<span class="_ _0"/> be estimated reliably<span class="_ _0"/>.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions<span class="_ _0"/> are measur<span class="_ _0"/>ed on the<span class="_ _0"/> basis of<span class="_ _0"/> Manage<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment’s best estimate o<span class="_ _0"/>f the anticipated<span class="_ _0"/> expenditure </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for settlement of<span class="_ _0"/> the releva<span class="_ _0"/>nt obligation and<span class="_ _0"/> are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disco<span class="_ _5"/>unte<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>rade<span class="_ _0"/> payables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _1"/>rade payables are<span class="_ _0"/> measured<span class="_ _0"/> at amortised cost, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which, in all<span class="_ _0"/> essentials, corresponds<span class="_ _0"/> to the net<span class="_ _0"/> realis<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">able value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments comprise incurr<span class="_ _0"/>ed payments of e<span class="_ _0"/>xpens<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es relating<span class="_ _0"/> to subsequent financial y<span class="_ _0"/>ears.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments from<span class="_ _0"/> customers</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments from<span class="_ _0"/> customers comprise<span class="_ _0"/> payments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">received<span class="_ _0"/> prior to<span class="_ _0"/> star<span class="_ _5"/>t of<span class="_ _0"/> construc<span class="_ _5"/>tion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other payables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other payables, which include<span class="_ _0"/> debt to<span class="_ _0"/> public authori<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ties, employee-related c<span class="_ _0"/>osts payable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash and cash equivalents</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash and cash<span class="_ _0"/> equivalents comprise cash<span class="_ _0"/> at banks </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and in<span class="_ _0"/> hand.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Inventories</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In<span class="_ _5"/>ven<span class="_ _5"/>to<span class="_ _5"/>rie<span class="_ _5"/>s ar<span class="_ _5"/>e me<span class="_ _5"/>as<span class="_ _5"/>ure<span class="_ _5"/>d at t<span class="_ _5"/>h<span class="_ _5"/>e low<span class="_ _5"/>er o<span class="_ _5"/>f cos<span class="_ _5"/>t a<span class="_ _5"/>nd n<span class="_ _5"/>et </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">realisable value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e cos<span class="_ _5"/>t of r<span class="_ _5"/>aw m<span class="_ _5"/>ate<span class="_ _5"/>ri<span class="_ _5"/>al<span class="_ _5"/>s in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>es co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s of b<span class="_ _5"/>ri<span class="_ _5"/>ng<span class="_ _5"/>in<span class="_ _5"/>g </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">each product to<span class="_ _0"/> its present location<span class="_ _0"/> and condition.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Co<span class="_ _5"/>st o<span class="_ _5"/>f ra<span class="_ _5"/>w ma<span class="_ _5"/>ter<span class="_ _5"/>ia<span class="_ _5"/>ls i<span class="_ _5"/>s me<span class="_ _5"/>as<span class="_ _5"/>ur<span class="_ _5"/>ed o<span class="_ _5"/>n a f<span class="_ _5"/>ir<span class="_ _5"/>s<span class="_ _5"/>t-<span class="_ _5"/>i<span class="_ _5"/>n/<span class="_ _5"/>f<span class="_ _5"/>i<span class="_ _5"/>rs<span class="_ _5"/>t<span class="_ _5"/>-<span class="_ _5"/>ou<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">basis.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Work<span class="_ _0"/> in progress and finished houses<span class="_ _0"/> <span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(non-contracted construction)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e cos<span class="_ _5"/>t of w<span class="_ _5"/>or<span class="_ _5"/>k in p<span class="_ _5"/>ro<span class="_ _5"/>gre<span class="_ _5"/>ss a<span class="_ _5"/>nd f<span class="_ _3"/>in<span class="_ _5"/>is<span class="_ _5"/>he<span class="_ _5"/>d ho<span class="_ _5"/>us<span class="_ _5"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(non-<span class="_ _5"/> <span class="_ _5d"/>contrac<span class="_ _5"/>ted), includes<span class="_ _0"/> costs of direct materials<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and labour<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e cos<span class="_ _5"/>t of l<span class="_ _5"/>an<span class="_ _5"/>d pl<span class="_ _5"/>ot<span class="_ _5"/>s i<span class="_ _5"/>nc<span class="_ _5"/>lu<span class="_ _5"/>de<span class="_ _5"/>s in<span class="_ _5"/>di<span class="_ _5"/>re<span class="_ _5"/>c<span class="_ _5"/>t cos<span class="_ _5"/>t<span class="_ _5"/>s s<span class="_ _5"/>uc<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as dev<span class="_ _0"/>elopment costs etc.<span class="_ _0"/> of bringing<span class="_ _0"/> the land t<span class="_ _0"/>o its </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">present c<span class="_ _0"/>ondition.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Net realisable value<span class="_ _0"/> is the estimated<span class="_ _0"/> selling price<span class="_ _0"/> in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the ordinary course of<span class="_ _0"/> business less estimated c<span class="_ _0"/>ost<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of co<span class="_ _5"/>mp<span class="_ _5"/>le<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>nd t<span class="_ _5"/>h<span class="_ _5"/>e es<span class="_ _5"/>ti<span class="_ _5"/>ma<span class="_ _5"/>te<span class="_ _5"/>d cos<span class="_ _5"/>t<span class="_ _5"/>s n<span class="_ _5"/>ece<span class="_ _5"/>ss<span class="_ _5"/>ar<span class="_ _3"/>y to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">make<span class="_ _0"/> the sale.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>rade and<span class="_ _0"/> other receivables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Rec<span class="_ _5"/>ei<span class="_ _5"/>va<span class="_ _5"/>bl<span class="_ _5"/>es a<span class="_ _5"/>re me<span class="_ _5"/>as<span class="_ _5"/>ur<span class="_ _5"/>ed a<span class="_ _5"/>t am<span class="_ _5"/>or<span class="_ _3"/>ti<span class="_ _5"/>se<span class="_ _5"/>d cos<span class="_ _5"/>t<span class="_ _5"/>. A </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on i<span class="_ _5"/>s re<span class="_ _5"/>co<span class="_ _5"/>gni<span class="_ _5"/>se<span class="_ _5"/>d ac<span class="_ _5"/>cor<span class="_ _5"/>di<span class="_ _5"/>ng t<span class="_ _5"/>o th<span class="_ _5"/>e si<span class="_ _5"/>mp<span class="_ _5"/>li<span class="_ _5"/>f<span class="_ _5"/>ie<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected credit lo<span class="_ _0"/>ss model, ac<span class="_ _0"/>cording t<span class="_ _0"/>o which the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tot<span class="_ _5"/>al l<span class="_ _5"/>os<span class="_ _5"/>s is r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d im<span class="_ _5"/>me<span class="_ _5"/>dia<span class="_ _5"/>te<span class="_ _5"/>ly i<span class="_ _5"/>n t<span class="_ _5"/>he p<span class="_ _5"/>rof<span class="_ _5"/>i<span class="_ _5"/>t a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lo<span class="_ _5"/>ss a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t at t<span class="_ _5"/>he s<span class="_ _5"/>am<span class="_ _5"/>e ti<span class="_ _5"/>me a<span class="_ _5"/>s t<span class="_ _5"/>he re<span class="_ _5"/>cei<span class="_ _5"/>v<span class="_ _5"/>ab<span class="_ _5"/>le i<span class="_ _5"/>s re<span class="_ _5"/>c-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>he b<span class="_ _5"/>al<span class="_ _5"/>an<span class="_ _5"/>ce sh<span class="_ _5"/>ee<span class="_ _5"/>t on t<span class="_ _5"/>he b<span class="_ _5"/>as<span class="_ _5"/>is o<span class="_ _5"/>f ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loss during the<span class="_ _0"/> total lifetime<span class="_ _0"/> of the r<span class="_ _0"/>eceivable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">O<span class="_ _5"/>th<span class="_ _5"/>er re<span class="_ _5"/>ce<span class="_ _5"/>iv<span class="_ _5"/>ab<span class="_ _5"/>le<span class="_ _5"/>s in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>e re<span class="_ _5"/>st<span class="_ _5"/>r<span class="_ _5"/>ic<span class="_ _5"/>te<span class="_ _5"/>d c<span class="_ _5"/>as<span class="_ _5"/>h.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions<span class="_ _0"/> and other commi<span class="_ _0"/>tments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions differ from<span class="_ _0"/> other liabilities because there<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is a<span class="_ _0"/> degree of unc<span class="_ _0"/>er<span class="_ _5"/>tainty concerning when<span class="_ _0"/> pay<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment will oc<span class="_ _0"/>cur or c<span class="_ _0"/>oncerning the s<span class="_ _0"/>ize<span class="_ _0"/> of the<span class="_ _0"/> amount </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">req<span class="_ _5"/>ui<span class="_ _5"/>re<span class="_ _5"/>d to se<span class="_ _5"/>t<span class="_ _5"/>t<span class="_ _5"/>le t<span class="_ _5"/>he p<span class="_ _5"/>rov<span class="_ _5"/>i<span class="_ _5"/>si<span class="_ _5"/>on<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions ar<span class="_ _0"/>e recognised<span class="_ _0"/> in the balance<span class="_ _0"/> sheet when<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a le<span class="_ _5"/>ga<span class="_ _5"/>l or i<span class="_ _5"/>nfo<span class="_ _5"/>r<span class="_ _5"/>mal o<span class="_ _5"/>b<span class="_ _5"/>li<span class="_ _5"/>ga<span class="_ _5"/>ti<span class="_ _5"/>on ex<span class="_ _5"/>i<span class="_ _5"/>st<span class="_ _5"/>s d<span class="_ _5"/>ue t<span class="_ _5"/>o an ev<span class="_ _5"/>en<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>at h<span class="_ _5"/>as o<span class="_ _5"/>ccu<span class="_ _5"/>rr<span class="_ _5"/>ed a<span class="_ _5"/>nd i<span class="_ _5"/>t is p<span class="_ _5"/>ro<span class="_ _5"/>ba<span class="_ _5"/>bl<span class="_ _5"/>e th<span class="_ _5"/>at a<span class="_ _5"/>n ou<span class="_ _5"/>t<span class="_ _5"/>f<span class="_ _5"/>l<span class="_ _5"/>ow of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">res<span class="_ _5"/>ou<span class="_ _5"/>rce<span class="_ _5"/>s wi<span class="_ _5"/>ll b<span class="_ _5"/>e re<span class="_ _5"/>qu<span class="_ _5"/>ire<span class="_ _5"/>d to s<span class="_ _5"/>et<span class="_ _5"/>t<span class="_ _5"/>le t<span class="_ _5"/>h<span class="_ _5"/>e ob<span class="_ _5"/>li<span class="_ _5"/>ga<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">the amount can<span class="_ _0"/> be estimated reliably<span class="_ _0"/>.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions<span class="_ _0"/> are measur<span class="_ _0"/>ed on the<span class="_ _0"/> basis of<span class="_ _0"/> Manage<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment’s best estimate o<span class="_ _0"/>f the anticipated<span class="_ _0"/> expenditure </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for settlement of<span class="_ _0"/> the releva<span class="_ _0"/>nt obligation and<span class="_ _0"/> are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disco<span class="_ _5"/>unte<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>rade<span class="_ _0"/> payables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _1"/>rade payables are<span class="_ _0"/> measured<span class="_ _0"/> at amortised cost, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which, in all<span class="_ _0"/> essentials, corresponds<span class="_ _0"/> to the net<span class="_ _0"/> realis<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">able value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments comprise incurr<span class="_ _0"/>ed payments of e<span class="_ _0"/>xpens<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es relating<span class="_ _0"/> to subsequent financial y<span class="_ _0"/>ears.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments from<span class="_ _0"/> customers</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Prepayments from<span class="_ _0"/> customers comprise<span class="_ _0"/> payments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">received<span class="_ _0"/> prior to<span class="_ _0"/> star<span class="_ _5"/>t of<span class="_ _0"/> construc<span class="_ _5"/>tion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other payables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other payables, which include<span class="_ _0"/> debt to<span class="_ _0"/> public authori<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ties, employee-related c<span class="_ _0"/>osts payable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> income and e<span class="_ _0"/>xpenses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial inc<span class="_ _0"/>ome and expenses<span class="_ _0"/> comprise inter<span class="_ _0"/>est </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income and<span class="_ _0"/> expenses, including int<span class="_ _0"/>erest on leases,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of<span class="_ _0"/> permanent loan facilities, gains<span class="_ _0"/> and losses<span class="_ _0"/> on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">securities, rec<span class="_ _0"/>eivables, payables<span class="_ _0"/> and transactions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">denominated<span class="_ _0"/> in foreign<span class="_ _0"/> currencies,<span class="_ _0"/> amort<span class="_ _5"/>isation of<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets and liabilities, etc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fi<span class="_ _5"/>na<span class="_ _5"/>nci<span class="_ _5"/>al a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s a<span class="_ _5"/>re m<span class="_ _5"/>ea<span class="_ _5"/>sur<span class="_ _5"/>ed a<span class="_ _5"/>t am<span class="_ _5"/>or<span class="_ _3"/>ti<span class="_ _5"/>se<span class="_ _5"/>d cos<span class="_ _5"/>t<span class="_ _5"/>. T<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group determines<span class="_ _0"/> the classification of its financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s at i<span class="_ _5"/>ni<span class="_ _5"/>ti<span class="_ _5"/>al re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>it<span class="_ _5"/>io<span class="_ _5"/>n<span class="_ _5"/>. Al<span class="_ _5"/>l f<span class="_ _5"/>in<span class="_ _5"/>an<span class="_ _5"/>ci<span class="_ _5"/>al a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s a<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in<span class="_ _5"/>it<span class="_ _5"/>ia<span class="_ _5"/>ll<span class="_ _5"/>y at f<span class="_ _5"/>a<span class="_ _5"/>ir va<span class="_ _5"/>lu<span class="_ _5"/>e p<span class="_ _5"/>lu<span class="_ _5"/>s, i<span class="_ _5"/>n th<span class="_ _5"/>e ca<span class="_ _5"/>se o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s not a<span class="_ _5"/>t f<span class="_ _5"/>ai<span class="_ _5"/>r va<span class="_ _5"/>lue t<span class="_ _5"/>h<span class="_ _5"/>rou<span class="_ _5"/>gh p<span class="_ _5"/>ro<span class="_ _5"/>f<span class="_ _5"/>it o<span class="_ _5"/>r l<span class="_ _5"/>os<span class="_ _5"/>s, d<span class="_ _5"/>ire<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>l<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">attribu<span class="_ _5"/>table transaction costs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All financial liabilities are<span class="_ _0"/> recognised in<span class="_ _0"/>itially at fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value and,<span class="_ _0"/> in the case<span class="_ _0"/> of loans<span class="_ _0"/> and borro<span class="_ _0"/>wings, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">carried at<span class="_ _0"/> amor<span class="_ _5"/>tised cost. This<span class="_ _0"/> includes directly attrib<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">utable transaction costs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> financial liabilities comprise<span class="_ _0"/> trade paya<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bles, borrowings<span class="_ _0"/> and other p<span class="_ _0"/>ayables.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>rade and<span class="_ _0"/> other receivables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Rec<span class="_ _5"/>ei<span class="_ _5"/>va<span class="_ _5"/>bl<span class="_ _5"/>es a<span class="_ _5"/>re me<span class="_ _5"/>as<span class="_ _5"/>ur<span class="_ _5"/>ed a<span class="_ _5"/>t am<span class="_ _5"/>or<span class="_ _3"/>ti<span class="_ _5"/>se<span class="_ _5"/>d cos<span class="_ _5"/>t<span class="_ _5"/>. A </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pro<span class="_ _5"/>vi<span class="_ _5"/>si<span class="_ _5"/>on i<span class="_ _5"/>s re<span class="_ _5"/>co<span class="_ _5"/>gni<span class="_ _5"/>se<span class="_ _5"/>d ac<span class="_ _5"/>cor<span class="_ _5"/>di<span class="_ _5"/>ng t<span class="_ _5"/>o th<span class="_ _5"/>e si<span class="_ _5"/>mp<span class="_ _5"/>li<span class="_ _5"/>f<span class="_ _5"/>ie<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected credit lo<span class="_ _0"/>ss model, ac<span class="_ _0"/>cording t<span class="_ _0"/>o which the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tot<span class="_ _5"/>al l<span class="_ _5"/>os<span class="_ _5"/>s is r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d im<span class="_ _5"/>me<span class="_ _5"/>dia<span class="_ _5"/>te<span class="_ _5"/>ly i<span class="_ _5"/>n t<span class="_ _5"/>he p<span class="_ _5"/>rof<span class="_ _5"/>i<span class="_ _5"/>t a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lo<span class="_ _5"/>ss a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t at t<span class="_ _5"/>he s<span class="_ _5"/>am<span class="_ _5"/>e ti<span class="_ _5"/>me a<span class="_ _5"/>s t<span class="_ _5"/>he re<span class="_ _5"/>cei<span class="_ _5"/>v<span class="_ _5"/>ab<span class="_ _5"/>le i<span class="_ _5"/>s re<span class="_ _5"/>c-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>he b<span class="_ _5"/>al<span class="_ _5"/>an<span class="_ _5"/>ce sh<span class="_ _5"/>ee<span class="_ _5"/>t on t<span class="_ _5"/>he b<span class="_ _5"/>as<span class="_ _5"/>is o<span class="_ _5"/>f ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loss during the<span class="_ _0"/> total lifetime<span class="_ _0"/> of the r<span class="_ _0"/>eceivable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">O<span class="_ _5"/>th<span class="_ _5"/>er re<span class="_ _5"/>ce<span class="_ _5"/>iv<span class="_ _5"/>ab<span class="_ _5"/>le<span class="_ _5"/>s in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>e re<span class="_ _5"/>st<span class="_ _5"/>r<span class="_ _5"/>ic<span class="_ _5"/>te<span class="_ _5"/>d c<span class="_ _5"/>as<span class="_ _5"/>h.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions<span class="_ _0"/> are measur<span class="_ _0"/>ed on the<span class="_ _0"/> basis of<span class="_ _0"/> Manage<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment’s best estimate o<span class="_ _0"/>f the anticipated<span class="_ _0"/> expenditure </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for settlement of<span class="_ _0"/> the releva<span class="_ _0"/>nt obligation and<span class="_ _0"/> are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">disco<span class="_ _5"/>unte<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions<span class="_ _0"/> and other commi<span class="_ _0"/>tments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions differ from<span class="_ _0"/> other liabilities because there<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is a<span class="_ _0"/> degree of unc<span class="_ _0"/>er<span class="_ _5"/>tainty concerning when<span class="_ _0"/> pay<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment will oc<span class="_ _0"/>cur or c<span class="_ _0"/>oncerning the s<span class="_ _0"/>ize<span class="_ _0"/> of the<span class="_ _0"/> amount </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">req<span class="_ _5"/>ui<span class="_ _5"/>re<span class="_ _5"/>d to se<span class="_ _5"/>t<span class="_ _5"/>t<span class="_ _5"/>le t<span class="_ _5"/>he p<span class="_ _5"/>rov<span class="_ _5"/>i<span class="_ _5"/>si<span class="_ _5"/>on<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions ar<span class="_ _0"/>e recognised<span class="_ _0"/> in the balance<span class="_ _0"/> sheet when<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a le<span class="_ _5"/>ga<span class="_ _5"/>l or i<span class="_ _5"/>nfo<span class="_ _5"/>r<span class="_ _5"/>mal o<span class="_ _5"/>b<span class="_ _5"/>li<span class="_ _5"/>ga<span class="_ _5"/>ti<span class="_ _5"/>on ex<span class="_ _5"/>i<span class="_ _5"/>st<span class="_ _5"/>s d<span class="_ _5"/>ue t<span class="_ _5"/>o an ev<span class="_ _5"/>en<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>at h<span class="_ _5"/>as o<span class="_ _5"/>ccu<span class="_ _5"/>rr<span class="_ _5"/>ed a<span class="_ _5"/>nd i<span class="_ _5"/>t is p<span class="_ _5"/>ro<span class="_ _5"/>ba<span class="_ _5"/>bl<span class="_ _5"/>e th<span class="_ _5"/>at a<span class="_ _5"/>n ou<span class="_ _5"/>t<span class="_ _5"/>f<span class="_ _5"/>l<span class="_ _5"/>ow of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">res<span class="_ _5"/>ou<span class="_ _5"/>rce<span class="_ _5"/>s wi<span class="_ _5"/>ll b<span class="_ _5"/>e re<span class="_ _5"/>qu<span class="_ _5"/>ire<span class="_ _5"/>d to s<span class="_ _5"/>et<span class="_ _5"/>t<span class="_ _5"/>le t<span class="_ _5"/>h<span class="_ _5"/>e ob<span class="_ _5"/>li<span class="_ _5"/>ga<span class="_ _5"/>ti<span class="_ _5"/>on a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the amount can<span class="_ _0"/> be estimated reliably<span class="_ _0"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>rade<span class="_ _0"/> payables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _1"/>rade payables are<span class="_ _0"/> measured<span class="_ _0"/> at amortised cost, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which, in all<span class="_ _0"/> essentials, corresponds<span class="_ _0"/> to the net<span class="_ _0"/> realis<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">able value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other payables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other payables, which include<span class="_ _0"/> debt to<span class="_ _0"/> public authori<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ties, employee-related c<span class="_ _0"/>osts payable.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash and cash equivalents</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash and cash<span class="_ _0"/> equivalents comprise cash<span class="_ _0"/> at banks </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and in<span class="_ _0"/> hand.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Software </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Software <span class="_ _5d"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">projects <span class="_ _5d"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other intangible assets<span class="fc3"> </span><span class="ff21">DKK’000<span class="_ _69"> </span></span><span class="fc3">T<span class="_ _0"/>rademarks</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in progress<span class="_ _151"> </span>T<span class="_ _1"/>otal</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:243.8125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0918px; width: 575.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.898px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">116,588</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,329</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.1797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">151,083</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 35.9512px; width: 575.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,540</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,091</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13,631</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.8105px; width: 574.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.85px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-72,236</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.4062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-72,236</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.6699px; width: 575.156px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ransferred to completed software development projects</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,226</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-4,226</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.2207px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.5293px; width: 575.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.133px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.389px; width: 574.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.115px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">52,117</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,194</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">92,477</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.529px; width: 574.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">99,541</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.1797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">128,707</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 144.389px; width: 574.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.531px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9,580</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9,580</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 162.248px; width: 574.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.301px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.758px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 180.123px; width: 574.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.91px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-72,236</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.9961px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-72,236</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 197.982px; width: 574.828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.543px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.758px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 215.842px; width: 575.115px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36,885</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">66,051</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 233.701px; width: 574.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.994px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15,232</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,194</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">26,426</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:208.078125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 575.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.898px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">113,071</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,043</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.1797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">145,280</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 35.9355px; width: 574.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">881</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,931</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,812</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.7949px; width: 575.156px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ransferred to completed software development projects</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,645</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,645</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.2207px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.6699px; width: 575.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.133px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.5293px; width: 575.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.115px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">116,588</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,329</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.1797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">151,083</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 108.67px; width: 574.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">82,824</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.1797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">111,990</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.529px; width: 574.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 266.625px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16,726</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16,726</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 144.389px; width: 574.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.301px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.758px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 162.248px; width: 575.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.133px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 180.107px; width: 575.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">99,541</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.1797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">128,707</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 197.967px; width: 574.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.994px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">17,047</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,329</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,376</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 4<span class="_ _3"/>.1<span class="ff48 fc0 lsb5 wsbb"> <span class="_ _5c"> </span>G<span class="_ _5"/>o<span class="_ _5"/>o<span class="_ _5"/>dwill a<span class="_ _5"/>nd<span class="_ _5"/> othe<span class="_ _5"/>r int<span class="_ _5"/>ang<span class="_ _5"/>ib<span class="_ _5"/>le<span class="_ _5"/> as<span class="_ _5"/>sets</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:295.890625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Goodwill</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 437.374px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Goodwill</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 573.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.043px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,009,405</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 415.616px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">14,682</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 573.885px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 421.44px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,024,087</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 108.529px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 425.186px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.592px; width: 573.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.164px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 144.67px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.562px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,024,087</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 176.076px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 194.139px; width: 573.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.043px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,017,181</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 212.217px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 418.748px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-7,776</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 230.279px; width: 573.885px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 421.44px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,009,405</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.639px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 425.186px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 267.701px; width: 573.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.164px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 285.779px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.562px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,009,405</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Software </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Software <span class="_ _5d"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">projects <span class="_ _5d"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other intangible assets<span class="fc3"> </span><span class="ff21">DKK’000<span class="_ _69"> </span></span><span class="fc3">T<span class="_ _0"/>rademarks</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">development </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in progress<span class="_ _151"> </span>T<span class="_ _1"/>otal</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:243.8125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0918px; width: 575.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.898px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">116,588</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,329</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.1797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">151,083</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 35.9512px; width: 575.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,540</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,091</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13,631</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.8105px; width: 574.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.85px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-72,236</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.4062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-72,236</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.6699px; width: 575.156px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ransferred to completed software development projects</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,226</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-4,226</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.2207px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.5293px; width: 575.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.133px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.389px; width: 574.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.115px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">52,117</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,194</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">92,477</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.529px; width: 574.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">99,541</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.1797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">128,707</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 144.389px; width: 574.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.531px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9,580</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9,580</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 162.248px; width: 574.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.301px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.758px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 180.123px; width: 574.805px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.91px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-72,236</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.9961px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-72,236</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 197.982px; width: 574.828px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments amortisation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.543px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.758px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 215.842px; width: 575.115px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36,885</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">66,051</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 233.701px; width: 574.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.994px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15,232</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,194</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">26,426</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:208.078125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 575.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.898px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">113,071</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,043</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.1797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">145,280</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 35.9355px; width: 574.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">881</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,931</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,812</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.7949px; width: 575.156px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ransferred to completed software development projects</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,645</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,645</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.2207px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.6699px; width: 575.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.133px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.5293px; width: 575.016px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.115px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">116,588</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,329</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.1797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">151,083</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 108.67px; width: 574.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">82,824</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.1797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">111,990</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.529px; width: 574.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 266.625px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16,726</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16,726</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 144.389px; width: 574.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.301px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.758px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 162.248px; width: 575.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.133px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 180.107px; width: 575.104px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amortisation and impairment losses at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,166</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">99,541</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.1797px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">128,707</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 197.967px; width: 574.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.994px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">17,047</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,329</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,376</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 4<span class="_ _3"/>.1<span class="ff48 fc0 lsb5 wsbb"> <span class="_ _5c"> </span>G<span class="_ _5"/>o<span class="_ _5"/>o<span class="_ _5"/>dwill a<span class="_ _5"/>nd<span class="_ _5"/> othe<span class="_ _5"/>r int<span class="_ _5"/>ang<span class="_ _5"/>ib<span class="_ _5"/>le<span class="_ _5"/> as<span class="_ _5"/>sets</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:295.890625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Goodwill</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 437.374px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Goodwill</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 573.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.043px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,009,405</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 415.616px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">14,682</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 573.885px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 421.44px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,024,087</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 108.529px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 425.186px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.592px; width: 573.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.164px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 144.67px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.562px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,024,087</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 176.076px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 194.139px; width: 573.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 439.043px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,017,181</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 212.217px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 418.748px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-7,776</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 230.279px; width: 573.885px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 421.44px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,009,405</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 249.639px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 425.186px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 267.701px; width: 573.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.164px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 285.779px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.562px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,009,405</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 4<span class="_ _3"/>.<span class="_ _3"/>2<span class="_ _5"/><span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Pr<span class="_ _0"/>oper<span class="_ _5"/>t<span class="_ _3"/>y<span class="_ _1"/>, plant and equipmen<span class="_ _0"/>t and right-of-use asset<span class="_ _0"/>s</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:395.34375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 142.016px; top: 0.0449218px; width: 42.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 353.469px; top: 0.0136718px; width: 32.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 164.094px; top: 12.7949px; width: 20.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 206.469px; top: 12.7793px; width: 42.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 283.391px; top: 12.7793px; width: 29.8711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 322.422px; top: 12.7637px; width: 63.1289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fixtures and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 147.719px; top: 25.5449px; width: 37.8105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 228.516px; top: 25.5293px; width: 20.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 279.266px; top: 25.5137px; width: 34.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 344.344px; top: 25.5137px; width: 41.2031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fittings, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 393.438px; top: 25.498px; width: 54.9258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Leasehold </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 152.109px; top: 38.2949px; width: 33.2344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">motor </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 211.5px; top: 38.2793px; width: 37.8105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 276.188px; top: 38.2637px; width: 37.9922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 336.141px; top: 38.2637px; width: 49.9102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">tools and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 401.562px; top: 38.248px; width: 44.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">improve-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 462.656px; top: 38.248px; width: 50.0742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Land and </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 51.0449px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 142.016px; top: 51.0293px; width: 41.4141px; white-space: pre; word-spacing: -2.88px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> vehicles</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 202.656px; top: 51.0293px; width: 43.5176px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">property</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 284.531px; top: 51.0137px; width: 25.8574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">plant</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 327.016px; top: 50.998px; width: 54.8672px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 414.141px; top: 50.998px; width: 31.4941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 462.656px; top: 50.998px; width: 110.25px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 85.998px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 104.061px; width: 574.33px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 1 January </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,845</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,523</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,882</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,999</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,518</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">64,305</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">321,072</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 122.139px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,490</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,960</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,467</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 140.201px; width: 573.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.832px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,040</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13,599</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">644</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,207</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,573</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,077</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,140</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 158.279px; width: 117.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remeasurement of lease </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 171.029px; width: 573.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.43px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-350</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,211</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,861</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 189.092px; width: 574.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.555px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-504</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,852</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-3,356</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 207.17px; width: 574.324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">51,046</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">145,823</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,528</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">67,314</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,091</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,382</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">368,184</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 238.576px; width: 117.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impair-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 251.311px; width: 573.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ment 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.9784px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,251</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">85,880</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,493</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,753</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,182</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,144</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">174,703</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.389px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,041</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.945px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,059</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.451px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.3045px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,449</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15,209</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">739</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,585</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,223</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,111</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36,316</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.529px; width: 573.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.607px; width: 574.23px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation of disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-253</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,696</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,949</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.67px; width: 117.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impair-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 354.42px; width: 573.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ment 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.1659px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">35,456</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,102</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,228</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">37,683</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20,405</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,255</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">209,129</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 372.482px; width: 85.1895px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 385.232px; width: 573.75px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.6522px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15,590</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,721</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,300</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,631</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,686</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">53,127</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">159,055</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:395.34375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 142.641px; top: 0.0449218px; width: 42.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 353.469px; top: 0.0136718px; width: 32.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 164.625px; top: 12.7949px; width: 20.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 206.125px; top: 12.7793px; width: 42.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 283.484px; top: 12.7793px; width: 29.8711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 322.609px; top: 12.7637px; width: 63.1289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fixtures and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 147.281px; top: 25.5449px; width: 37.8105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 228.516px; top: 25.5293px; width: 20.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 278.547px; top: 25.5137px; width: 34.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 344.406px; top: 25.5137px; width: 41.2031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fittings, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 394.344px; top: 25.498px; width: 54.9258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Leasehold </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 152.766px; top: 38.2949px; width: 33.2344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">motor </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 211.5px; top: 38.2793px; width: 37.8105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 274.562px; top: 38.2637px; width: 37.9922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 335.047px; top: 38.2637px; width: 49.9102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">tools and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 401.109px; top: 38.248px; width: 44.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">improve-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 462.922px; top: 38.248px; width: 50.0742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Land and </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 51.0449px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 141.156px; top: 51.0293px; width: 41.4141px; white-space: pre; word-spacing: -2.88px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> vehicles</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 202.328px; top: 51.0293px; width: 43.5176px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">property</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 284.531px; top: 51.0137px; width: 25.8574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">plant</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 327.797px; top: 50.998px; width: 54.8672px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 415.141px; top: 50.998px; width: 31.4941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 462.922px; top: 50.998px; width: 110.25px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 85.998px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 104.061px; width: 573.914px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">33,833</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">121,949</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,882</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">68,306</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,577</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">62,712</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">314,259</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 122.139px; width: 574.178px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-904</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-957</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,861</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 140.201px; width: 573.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.48px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,031</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">51</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,882</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,593</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16,557</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 158.279px; width: 117.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remeasurement of lease </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 171.029px; width: 573.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.647px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">52</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,427</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,479</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 189.092px; width: 573.814px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.801px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-71</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.3496px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-11,232</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-59</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.6484px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-11,362</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 207.17px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,845</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,523</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,882</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,999</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,518</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">64,305</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">321,072</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 238.576px; width: 86.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 251.311px; width: 573.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">impairment at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.1836px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,393</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">73,153</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.9571px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">896</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36,141</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18,126</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,183</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">154,892</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.389px; width: 573.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-434</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-444</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.451px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.3045px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,858</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,737</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">597</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,874</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,115</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,961</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">31,142</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.529px; width: 573.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.607px; width: 573.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 132.281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.3496px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,828</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-59</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.1816px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,887</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.67px; width: 117.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impair-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 354.42px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ment at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,251</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">85,880</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,493</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,753</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,182</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,144</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">174,703</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 372.482px; width: 97.1309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 385.232px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.5877px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16,594</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">38,643</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,389</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">27,246</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.3496px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,336</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">57,161</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">146,369</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 4<span class="_ _3"/>.<span class="_ _3"/>2<span class="_ _5"/><span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Pr<span class="_ _0"/>oper<span class="_ _5"/>t<span class="_ _3"/>y<span class="_ _1"/>, plant and equipmen<span class="_ _0"/>t and right-of-use asset<span class="_ _0"/>s</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:395.34375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 142.016px; top: 0.0449218px; width: 42.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 353.469px; top: 0.0136718px; width: 32.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 164.094px; top: 12.7949px; width: 20.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 206.469px; top: 12.7793px; width: 42.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 283.391px; top: 12.7793px; width: 29.8711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 322.422px; top: 12.7637px; width: 63.1289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fixtures and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 147.719px; top: 25.5449px; width: 37.8105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 228.516px; top: 25.5293px; width: 20.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 279.266px; top: 25.5137px; width: 34.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 344.344px; top: 25.5137px; width: 41.2031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fittings, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 393.438px; top: 25.498px; width: 54.9258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Leasehold </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 152.109px; top: 38.2949px; width: 33.2344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">motor </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 211.5px; top: 38.2793px; width: 37.8105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 276.188px; top: 38.2637px; width: 37.9922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 336.141px; top: 38.2637px; width: 49.9102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">tools and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 401.562px; top: 38.248px; width: 44.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">improve-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 462.656px; top: 38.248px; width: 50.0742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Land and </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 51.0449px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 142.016px; top: 51.0293px; width: 41.4141px; white-space: pre; word-spacing: -2.88px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> vehicles</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 202.656px; top: 51.0293px; width: 43.5176px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">property</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 284.531px; top: 51.0137px; width: 25.8574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">plant</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 327.016px; top: 50.998px; width: 54.8672px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 414.141px; top: 50.998px; width: 31.4941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 462.656px; top: 50.998px; width: 110.25px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 85.998px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 104.061px; width: 574.33px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 1 January </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,845</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,523</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,882</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,999</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,518</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">64,305</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">321,072</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 122.139px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,490</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,960</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,467</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 140.201px; width: 573.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.832px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,040</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13,599</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">644</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,207</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,573</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,077</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,140</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 158.279px; width: 117.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remeasurement of lease </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 171.029px; width: 573.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.43px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-350</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,211</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,861</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 189.092px; width: 574.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.555px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-504</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,852</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-3,356</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 207.17px; width: 574.324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">51,046</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">145,823</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,528</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">67,314</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,091</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,382</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">368,184</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 238.576px; width: 117.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impair-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 251.311px; width: 573.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ment 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.9784px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,251</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">85,880</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,493</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,753</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,182</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,144</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">174,703</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.389px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,041</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.945px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,059</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.451px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.3045px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,449</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15,209</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">739</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,585</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,223</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,111</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36,316</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.529px; width: 573.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.607px; width: 574.23px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation of disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-253</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,696</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,949</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.67px; width: 117.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impair-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 354.42px; width: 573.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ment 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.1659px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">35,456</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,102</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,228</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">37,683</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20,405</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,255</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">209,129</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 372.482px; width: 85.1895px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 385.232px; width: 573.75px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.6522px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15,590</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,721</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,300</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,631</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,686</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">53,127</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">159,055</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:395.34375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 142.641px; top: 0.0449218px; width: 42.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 353.469px; top: 0.0136718px; width: 32.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 164.625px; top: 12.7949px; width: 20.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 206.125px; top: 12.7793px; width: 42.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 283.484px; top: 12.7793px; width: 29.8711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 322.609px; top: 12.7637px; width: 63.1289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fixtures and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 147.281px; top: 25.5449px; width: 37.8105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 228.516px; top: 25.5293px; width: 20.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 278.547px; top: 25.5137px; width: 34.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 344.406px; top: 25.5137px; width: 41.2031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fittings, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 394.344px; top: 25.498px; width: 54.9258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Leasehold </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 152.766px; top: 38.2949px; width: 33.2344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">motor </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 211.5px; top: 38.2793px; width: 37.8105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 274.562px; top: 38.2637px; width: 37.9922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 335.047px; top: 38.2637px; width: 49.9102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">tools and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 401.109px; top: 38.248px; width: 44.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">improve-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 462.922px; top: 38.248px; width: 50.0742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Land and </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 51.0449px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 141.156px; top: 51.0293px; width: 41.4141px; white-space: pre; word-spacing: -2.88px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> vehicles</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 202.328px; top: 51.0293px; width: 43.5176px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">property</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 284.531px; top: 51.0137px; width: 25.8574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">plant</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 327.797px; top: 50.998px; width: 54.8672px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 415.141px; top: 50.998px; width: 31.4941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 462.922px; top: 50.998px; width: 110.25px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 85.998px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 104.061px; width: 573.914px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">33,833</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">121,949</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,882</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">68,306</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,577</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">62,712</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">314,259</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 122.139px; width: 574.178px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-904</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-957</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,861</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 140.201px; width: 573.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.48px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,031</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">51</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,882</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,593</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16,557</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 158.279px; width: 117.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remeasurement of lease </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 171.029px; width: 573.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.647px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">52</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,427</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,479</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 189.092px; width: 573.814px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.801px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-71</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.3496px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-11,232</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-59</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.6484px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-11,362</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 207.17px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,845</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,523</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,882</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,999</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,518</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">64,305</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">321,072</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 238.576px; width: 86.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 251.311px; width: 573.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">impairment at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.1836px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,393</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">73,153</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.9571px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">896</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36,141</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18,126</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,183</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">154,892</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.389px; width: 573.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-434</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-444</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.451px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.3045px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,858</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,737</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">597</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,874</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,115</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,961</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">31,142</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.529px; width: 573.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.607px; width: 573.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 132.281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.3496px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,828</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-59</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.1816px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,887</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.67px; width: 117.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impair-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 354.42px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ment at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,251</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">85,880</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,493</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,753</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,182</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,144</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">174,703</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 372.482px; width: 97.1309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 385.232px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.5877px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16,594</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">38,643</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,389</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">27,246</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.3496px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,336</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">57,161</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">146,369</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 4<span class="_ _3"/>.<span class="_ _3"/>2<span class="_ _5"/><span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Pr<span class="_ _0"/>oper<span class="_ _5"/>t<span class="_ _3"/>y<span class="_ _1"/>, plant and equipmen<span class="_ _0"/>t and right-of-use asset<span class="_ _0"/>s</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:395.34375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 142.016px; top: 0.0449218px; width: 42.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 353.469px; top: 0.0136718px; width: 32.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 164.094px; top: 12.7949px; width: 20.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 206.469px; top: 12.7793px; width: 42.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 283.391px; top: 12.7793px; width: 29.8711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 322.422px; top: 12.7637px; width: 63.1289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fixtures and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 147.719px; top: 25.5449px; width: 37.8105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 228.516px; top: 25.5293px; width: 20.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 279.266px; top: 25.5137px; width: 34.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 344.344px; top: 25.5137px; width: 41.2031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fittings, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 393.438px; top: 25.498px; width: 54.9258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Leasehold </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 152.109px; top: 38.2949px; width: 33.2344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">motor </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 211.5px; top: 38.2793px; width: 37.8105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 276.188px; top: 38.2637px; width: 37.9922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 336.141px; top: 38.2637px; width: 49.9102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">tools and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 401.562px; top: 38.248px; width: 44.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">improve-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 462.656px; top: 38.248px; width: 50.0742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Land and </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 51.0449px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 142.016px; top: 51.0293px; width: 41.4141px; white-space: pre; word-spacing: -2.88px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> vehicles</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 202.656px; top: 51.0293px; width: 43.5176px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">property</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 284.531px; top: 51.0137px; width: 25.8574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">plant</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 327.016px; top: 50.998px; width: 54.8672px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 414.141px; top: 50.998px; width: 31.4941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 462.656px; top: 50.998px; width: 110.25px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 85.998px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 104.061px; width: 574.33px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 1 January </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.0841px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,845</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,523</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,882</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,999</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,518</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">64,305</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">321,072</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 122.139px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,490</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,960</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,467</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 140.201px; width: 573.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 111.832px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,040</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13,599</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">644</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,207</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,573</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,077</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,140</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 158.279px; width: 117.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remeasurement of lease </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 171.029px; width: 573.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.43px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-350</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,211</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,861</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 189.092px; width: 574.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 116.555px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-504</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,852</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-3,356</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 207.17px; width: 574.324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">51,046</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">145,823</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,528</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">67,314</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,091</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,382</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">368,184</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 238.576px; width: 117.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impair-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 251.311px; width: 573.996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ment 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.9784px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,251</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">85,880</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,493</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,753</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,182</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,144</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">174,703</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.389px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,041</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.945px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,059</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.451px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.3045px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,449</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15,209</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">739</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,585</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,223</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,111</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36,316</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.529px; width: 573.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.607px; width: 574.23px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation of disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-253</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,696</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,949</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.67px; width: 117.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impair-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 354.42px; width: 573.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ment 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.1659px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">35,456</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">101,102</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,228</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">37,683</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">20,405</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,255</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">209,129</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 372.482px; width: 85.1895px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 385.232px; width: 573.75px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.6522px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15,590</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,721</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,300</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,631</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,686</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">53,127</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">159,055</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:395.34375px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 142.641px; top: 0.0449218px; width: 42.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 353.469px; top: 0.0136718px; width: 32.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 164.625px; top: 12.7949px; width: 20.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 206.125px; top: 12.7793px; width: 42.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 283.484px; top: 12.7793px; width: 29.8711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 322.609px; top: 12.7637px; width: 63.1289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fixtures and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 147.281px; top: 25.5449px; width: 37.8105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 228.516px; top: 25.5293px; width: 20.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 278.547px; top: 25.5137px; width: 34.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of use </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 344.406px; top: 25.5137px; width: 41.2031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">fittings, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 394.344px; top: 25.498px; width: 54.9258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Leasehold </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 152.766px; top: 38.2949px; width: 33.2344px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">motor </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 211.5px; top: 38.2793px; width: 37.8105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 274.562px; top: 38.2637px; width: 37.9922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">assets, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 335.047px; top: 38.2637px; width: 49.9102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">tools and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 401.109px; top: 38.248px; width: 44.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">improve-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 462.922px; top: 38.248px; width: 50.0742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Land and </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 51.0449px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 141.156px; top: 51.0293px; width: 41.4141px; white-space: pre; word-spacing: -2.88px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> vehicles</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 202.328px; top: 51.0293px; width: 43.5176px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">property</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 284.531px; top: 51.0137px; width: 25.8574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">plant</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 327.797px; top: 50.998px; width: 54.8672px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 415.141px; top: 50.998px; width: 31.4941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 462.922px; top: 50.998px; width: 110.25px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 85.998px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 104.061px; width: 573.914px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">33,833</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">121,949</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,882</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">68,306</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,577</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">62,712</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">314,259</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 122.139px; width: 574.178px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-904</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-957</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,861</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 140.201px; width: 573.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.48px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,031</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">51</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,882</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,593</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16,557</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 158.279px; width: 117.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Remeasurement of lease </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 171.029px; width: 573.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.647px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">52</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,427</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,479</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 189.092px; width: 573.814px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.801px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-71</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.3496px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-11,232</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-59</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.6484px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-11,362</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 207.17px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cost at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,845</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">124,523</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,882</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59,999</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,518</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">64,305</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">321,072</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 238.576px; width: 86.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 251.311px; width: 573.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">impairment at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.1836px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22,393</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">73,153</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.9571px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">896</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">36,141</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5996px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18,126</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,183</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">154,892</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.389px; width: 573.721px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.3438px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-434</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-444</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 287.451px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.3045px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,858</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">12,737</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">597</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,874</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,115</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.2402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,961</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9297px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">31,142</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 305.529px; width: 573.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Impairment losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 323.607px; width: 573.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 132.281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.3496px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,828</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-59</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.1816px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-10,887</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 341.67px; width: 117.328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Depreciation and impair-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 354.42px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ment at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,251</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">85,880</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,493</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">32,753</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,182</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,144</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">174,703</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 372.482px; width: 97.1309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying amount at </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 385.232px; width: 573.961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.5877px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16,594</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">38,643</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,389</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">27,246</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.3496px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,336</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.166px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">57,161</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.9433px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">146,369</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.<span class="_ _3"/>4<span class="ff48 fc0 ls64 ws69"> <span class="_ _5c"> </span>Lease<span class="_ _5"/> liabilities</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:204.40625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 72.6621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.8574px; width: 118.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Maturity of lease liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 72.5293px; width: 574.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due within 1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.584px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">26,843</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">23,049</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.6074px; width: 573.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due between 1 and 5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">40,483</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,067</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 108.67px; width: 573.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due after 5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.02px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,373</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,216</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 126.748px; width: 573.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal lease liabilities at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.683px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">68,699</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,332</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 158.154px; width: 202.453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities recognised in balance sheet</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 176.217px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Hereof short-term lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.732px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">26,843</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">23,049</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 194.295px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Hereof long-term lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 306.785px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,856</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">42,283</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:82.40625px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 197.812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amounts recognised in income statement</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0762px; width: 573.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest expenses related to lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.98px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,935</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,851</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 573.867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Costs related to leases within less than 12 months (included in cost of sales)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.43px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">545</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2168px; width: 573.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Costs related to leases of low value (included in operating expenses)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.957px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">310</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">59</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 72.2949px; width: 573.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal amount recognised in income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 242.853px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,790</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,910</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Referenc<span class="_ _0"/>e is made<span class="_ _0"/> to not<span class="_ _0"/>e 4.2 for<span class="_ _0"/> statement of right-of-use assets in c<span class="_ _0"/>onnec<span class="_ _5"/>tion with lease liabilities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:81.21875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 240.967px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Amounts recognized in the statement of cash flow </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 573.797px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Repayment of lease liability</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 332.953px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">3,935</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,851</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal recognised in the statement of cash flow </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.719px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,935</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7404px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,851</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Future cash outflow from<span class="_ _0"/> lease contracts</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p en<span class="_ _5"/>ter<span class="_ _5"/>ed i<span class="_ _5"/>nto n<span class="_ _5"/>ew l<span class="_ _5"/>ea<span class="_ _5"/>se a<span class="_ _5"/>gre<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t in 2025<span class="_ _5"/>, fo<span class="_ _5"/>r of<span class="_ _5"/>f<span class="_ _3"/>ice s<span class="_ _5"/>pa<span class="_ _5"/>ce, w<span class="_ _5"/>it<span class="_ _5"/>h le<span class="_ _5"/>as<span class="_ _5"/>e te<span class="_ _5"/>rm co<span class="_ _5"/>mm<span class="_ _5"/>en<span class="_ _5"/>ci<span class="_ _5"/>ng i<span class="_ _5"/>n 2026. T<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fu<span class="_ _5"/>tu<span class="_ _5"/>re c<span class="_ _5"/>as<span class="_ _5"/>h ou<span class="_ _5"/>t<span class="_ _5"/>f<span class="_ _5"/>lo<span class="_ _5"/>ws r<span class="_ _5"/>el<span class="_ _5"/>ate<span class="_ _5"/>d to t<span class="_ _5"/>he l<span class="_ _5"/>ea<span class="_ _5"/>se a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>ted t<span class="_ _5"/>o DK<span class="_ _5"/>K 7<span class="_ _0"/>.7 mil<span class="_ _5"/>li<span class="_ _5"/>on</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At t<span class="_ _5"/>he a<span class="_ _5"/>cqu<span class="_ _5"/>is<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on d<span class="_ _5"/>ate<span class="_ _5"/>, go<span class="_ _5"/>od<span class="_ _5"/>wi<span class="_ _5"/>ll i<span class="_ _5"/>s re<span class="_ _5"/>co<span class="_ _5"/>gni<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>h<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">balance sheet<span class="_ _0"/> at cost<span class="_ _0"/> as described under<span class="_ _0"/> Business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combinations. Subseque<span class="_ _0"/>ntly,<span class="_ _0"/> goodwill is measur<span class="_ _0"/>ed at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost less ac<span class="_ _0"/>cumulated impairment<span class="_ _0"/> losses. Goodwill </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is n<span class="_ _5"/>ot a<span class="_ _5"/>mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>is<span class="_ _5"/>ed b<span class="_ _5"/>ut i<span class="_ _5"/>s tes<span class="_ _5"/>t<span class="_ _5"/>ed fo<span class="_ _5"/>r im<span class="_ _5"/>pa<span class="_ _5"/>ir<span class="_ _5"/>me<span class="_ _5"/>nt a<span class="_ _5"/>t le<span class="_ _5"/>as<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on<span class="_ _5"/>ce a yea<span class="_ _5"/>r. Goo<span class="_ _5"/>d<span class="_ _5"/>wi<span class="_ _5"/>ll i<span class="_ _5"/>s wr<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>ten d<span class="_ _5"/>ow<span class="_ _5"/>n to t<span class="_ _5"/>he r<span class="_ _5"/>eco<span class="_ _5"/>v-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">erable amount if<span class="_ _0"/> the carry<span class="_ _5"/>ing amount is<span class="_ _0"/> higher than </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the computed<span class="_ _0"/> recoverable<span class="_ _0"/> amount. The reco<span class="_ _0"/>verable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">am<span class="_ _5"/>ou<span class="_ _5"/>nt i<span class="_ _5"/>s com<span class="_ _5"/>pu<span class="_ _5"/>te<span class="_ _5"/>d as t<span class="_ _5"/>h<span class="_ _5"/>e pre<span class="_ _5"/>se<span class="_ _5"/>nt v<span class="_ _5"/>al<span class="_ _5"/>ue o<span class="_ _5"/>f th<span class="_ _5"/>e ex-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d fu<span class="_ _5"/>tu<span class="_ _5"/>re n<span class="_ _5"/>et c<span class="_ _5"/>as<span class="_ _5"/>h f<span class="_ _5"/>lo<span class="_ _5"/>ws f<span class="_ _5"/>ro<span class="_ _5"/>m th<span class="_ _5"/>e en<span class="_ _5"/>ter<span class="_ _5"/>p<span class="_ _5"/>ri<span class="_ _5"/>se<span class="_ _5"/>s or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ac<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s to wh<span class="_ _5"/>ic<span class="_ _5"/>h th<span class="_ _5"/>e go<span class="_ _5"/>o<span class="_ _5"/>dw<span class="_ _5"/>il<span class="_ _5"/>l is a<span class="_ _5"/>ll<span class="_ _5"/>oc<span class="_ _5"/>at<span class="_ _5"/>ed<span class="_ _5"/>. Im<span class="_ _5"/>pa<span class="_ _5"/>ir-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt o<span class="_ _5"/>f go<span class="_ _5"/>od<span class="_ _5"/>wi<span class="_ _5"/>ll i<span class="_ _5"/>s no<span class="_ _5"/>t rev<span class="_ _5"/>er<span class="_ _5"/>se<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ca<span class="_ _5"/>rr<span class="_ _3"/>yi<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of g<span class="_ _5"/>oo<span class="_ _5"/>dw<span class="_ _5"/>il<span class="_ _5"/>l is a<span class="_ _5"/>ll<span class="_ _5"/>oc<span class="_ _5"/>a<span class="_ _5"/>ted t<span class="_ _5"/>o th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group’<span class="_ _0"/>s cash-<span class="_ _5"/>generating units at the ac<span class="_ _0"/>quisition date.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Identif<span class="_ _5"/>ication of<span class="_ _0"/> cash-<span class="_ _5"/>generating units follows the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">internal management<span class="_ _0"/> report<span class="_ _5"/>ing and independent<span class="_ _0"/> cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">inflows.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At t<span class="_ _5"/>he a<span class="_ _5"/>cqu<span class="_ _5"/>is<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on d<span class="_ _5"/>ate<span class="_ _5"/>, go<span class="_ _5"/>od<span class="_ _5"/>wi<span class="_ _5"/>ll i<span class="_ _5"/>s re<span class="_ _5"/>co<span class="_ _5"/>gni<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>h<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">balance sheet<span class="_ _0"/> at cost<span class="_ _0"/> as described under<span class="_ _0"/> Business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combinations. Subseque<span class="_ _0"/>ntly,<span class="_ _0"/> goodwill is measur<span class="_ _0"/>ed at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost less ac<span class="_ _0"/>cumulated impairment<span class="_ _0"/> losses. Goodwill </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is n<span class="_ _5"/>ot a<span class="_ _5"/>mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>is<span class="_ _5"/>ed b<span class="_ _5"/>ut i<span class="_ _5"/>s tes<span class="_ _5"/>t<span class="_ _5"/>ed fo<span class="_ _5"/>r im<span class="_ _5"/>pa<span class="_ _5"/>ir<span class="_ _5"/>me<span class="_ _5"/>nt a<span class="_ _5"/>t le<span class="_ _5"/>as<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on<span class="_ _5"/>ce a yea<span class="_ _5"/>r. Goo<span class="_ _5"/>d<span class="_ _5"/>wi<span class="_ _5"/>ll i<span class="_ _5"/>s wr<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>ten d<span class="_ _5"/>ow<span class="_ _5"/>n to t<span class="_ _5"/>he r<span class="_ _5"/>eco<span class="_ _5"/>v-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">erable amount if<span class="_ _0"/> the carry<span class="_ _5"/>ing amount is<span class="_ _0"/> higher than </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the computed<span class="_ _0"/> recoverable<span class="_ _0"/> amount. The reco<span class="_ _0"/>verable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">am<span class="_ _5"/>ou<span class="_ _5"/>nt i<span class="_ _5"/>s com<span class="_ _5"/>pu<span class="_ _5"/>te<span class="_ _5"/>d as t<span class="_ _5"/>h<span class="_ _5"/>e pre<span class="_ _5"/>se<span class="_ _5"/>nt v<span class="_ _5"/>al<span class="_ _5"/>ue o<span class="_ _5"/>f th<span class="_ _5"/>e ex-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d fu<span class="_ _5"/>tu<span class="_ _5"/>re n<span class="_ _5"/>et c<span class="_ _5"/>as<span class="_ _5"/>h f<span class="_ _5"/>lo<span class="_ _5"/>ws f<span class="_ _5"/>ro<span class="_ _5"/>m th<span class="_ _5"/>e en<span class="_ _5"/>ter<span class="_ _5"/>p<span class="_ _5"/>ri<span class="_ _5"/>se<span class="_ _5"/>s or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ac<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s to wh<span class="_ _5"/>ic<span class="_ _5"/>h th<span class="_ _5"/>e go<span class="_ _5"/>o<span class="_ _5"/>dw<span class="_ _5"/>il<span class="_ _5"/>l is a<span class="_ _5"/>ll<span class="_ _5"/>oc<span class="_ _5"/>at<span class="_ _5"/>ed<span class="_ _5"/>. Im<span class="_ _5"/>pa<span class="_ _5"/>ir-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt o<span class="_ _5"/>f go<span class="_ _5"/>od<span class="_ _5"/>wi<span class="_ _5"/>ll i<span class="_ _5"/>s no<span class="_ _5"/>t rev<span class="_ _5"/>er<span class="_ _5"/>se<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ca<span class="_ _5"/>rr<span class="_ _3"/>yi<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of g<span class="_ _5"/>oo<span class="_ _5"/>dw<span class="_ _5"/>il<span class="_ _5"/>l is a<span class="_ _5"/>ll<span class="_ _5"/>oc<span class="_ _5"/>a<span class="_ _5"/>ted t<span class="_ _5"/>o th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group’<span class="_ _0"/>s cash-<span class="_ _5"/>generating units at the ac<span class="_ _0"/>quisition date.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Identif<span class="_ _5"/>ication of<span class="_ _0"/> cash-<span class="_ _5"/>generating units follows the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">internal management<span class="_ _0"/> report<span class="_ _5"/>ing and independent<span class="_ _0"/> cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">inflows.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At t<span class="_ _5"/>he a<span class="_ _5"/>cqu<span class="_ _5"/>is<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on d<span class="_ _5"/>ate<span class="_ _5"/>, go<span class="_ _5"/>od<span class="_ _5"/>wi<span class="_ _5"/>ll i<span class="_ _5"/>s re<span class="_ _5"/>co<span class="_ _5"/>gni<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>h<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">balance sheet<span class="_ _0"/> at cost<span class="_ _0"/> as described under<span class="_ _0"/> Business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combinations. Subseque<span class="_ _0"/>ntly,<span class="_ _0"/> goodwill is measur<span class="_ _0"/>ed at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost less ac<span class="_ _0"/>cumulated impairment<span class="_ _0"/> losses. Goodwill </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is n<span class="_ _5"/>ot a<span class="_ _5"/>mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>is<span class="_ _5"/>ed b<span class="_ _5"/>ut i<span class="_ _5"/>s tes<span class="_ _5"/>t<span class="_ _5"/>ed fo<span class="_ _5"/>r im<span class="_ _5"/>pa<span class="_ _5"/>ir<span class="_ _5"/>me<span class="_ _5"/>nt a<span class="_ _5"/>t le<span class="_ _5"/>as<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on<span class="_ _5"/>ce a yea<span class="_ _5"/>r. Goo<span class="_ _5"/>d<span class="_ _5"/>wi<span class="_ _5"/>ll i<span class="_ _5"/>s wr<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>ten d<span class="_ _5"/>ow<span class="_ _5"/>n to t<span class="_ _5"/>he r<span class="_ _5"/>eco<span class="_ _5"/>v-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">erable amount if<span class="_ _0"/> the carry<span class="_ _5"/>ing amount is<span class="_ _0"/> higher than </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the computed<span class="_ _0"/> recoverable<span class="_ _0"/> amount. The reco<span class="_ _0"/>verable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">am<span class="_ _5"/>ou<span class="_ _5"/>nt i<span class="_ _5"/>s com<span class="_ _5"/>pu<span class="_ _5"/>te<span class="_ _5"/>d as t<span class="_ _5"/>h<span class="_ _5"/>e pre<span class="_ _5"/>se<span class="_ _5"/>nt v<span class="_ _5"/>al<span class="_ _5"/>ue o<span class="_ _5"/>f th<span class="_ _5"/>e ex-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d fu<span class="_ _5"/>tu<span class="_ _5"/>re n<span class="_ _5"/>et c<span class="_ _5"/>as<span class="_ _5"/>h f<span class="_ _5"/>lo<span class="_ _5"/>ws f<span class="_ _5"/>ro<span class="_ _5"/>m th<span class="_ _5"/>e en<span class="_ _5"/>ter<span class="_ _5"/>p<span class="_ _5"/>ri<span class="_ _5"/>se<span class="_ _5"/>s or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ac<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s to wh<span class="_ _5"/>ic<span class="_ _5"/>h th<span class="_ _5"/>e go<span class="_ _5"/>o<span class="_ _5"/>dw<span class="_ _5"/>il<span class="_ _5"/>l is a<span class="_ _5"/>ll<span class="_ _5"/>oc<span class="_ _5"/>at<span class="_ _5"/>ed<span class="_ _5"/>. Im<span class="_ _5"/>pa<span class="_ _5"/>ir-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt o<span class="_ _5"/>f go<span class="_ _5"/>od<span class="_ _5"/>wi<span class="_ _5"/>ll i<span class="_ _5"/>s no<span class="_ _5"/>t rev<span class="_ _5"/>er<span class="_ _5"/>se<span class="_ _5"/>d.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ca<span class="_ _5"/>rr<span class="_ _3"/>yi<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t of g<span class="_ _5"/>oo<span class="_ _5"/>dw<span class="_ _5"/>il<span class="_ _5"/>l is a<span class="_ _5"/>ll<span class="_ _5"/>oc<span class="_ _5"/>a<span class="_ _5"/>ted t<span class="_ _5"/>o th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group’<span class="_ _0"/>s cash-<span class="_ _5"/>generating units at the ac<span class="_ _0"/>quisition date.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Identif<span class="_ _5"/>ication of<span class="_ _0"/> cash-<span class="_ _5"/>generating units follows the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">internal management<span class="_ _0"/> report<span class="_ _5"/>ing and independent<span class="_ _0"/> cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">inflows.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Intangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>rademar<span class="_ _0"/>ks</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _1"/>ra<span class="_ _5"/>demarks are<span class="_ _0"/> initially recognised at<span class="_ _0"/> cost. Subse<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">quently,<span class="_ _0"/> trademarks are measured<span class="_ _0"/> at cost<span class="_ _0"/> less accu<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mulated amortisation and impairment. T<span class="_ _1"/>rademark<span class="_ _5"/>s are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amor<span class="_ _5"/>tised on a<span class="_ _0"/> straight-line basis over<span class="_ _0"/> their estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">us<span class="_ _5"/>ef<span class="_ _5"/>ul l<span class="_ _5"/>ive<span class="_ _5"/>s of u<span class="_ _5"/>p to 1<span class="_ _5"/>0 yea<span class="_ _5"/>r<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Soft<span class="_ _5"/>ware dev<span class="_ _0"/>elopment projects</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In-<span class="_ _5"/>progress and<span class="_ _0"/> completed<span class="_ _0"/> soft<span class="_ _5"/>ware dev<span class="_ _0"/>elopment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">project<span class="_ _5"/>s that are<span class="_ _0"/> clearly defined and identifiable, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">where the t<span class="_ _0"/>echnical feasibility,<span class="_ _0"/> suff<span class="_ _5"/>icient resourc<span class="_ _0"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d a po<span class="_ _5"/>ten<span class="_ _5"/>t<span class="_ _5"/>ial f<span class="_ _5"/>u<span class="_ _5"/>tu<span class="_ _5"/>re ma<span class="_ _5"/>rke<span class="_ _5"/>t or p<span class="_ _5"/>ote<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>al fo<span class="_ _5"/>r us<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in t<span class="_ _5"/>he g<span class="_ _5"/>ro<span class="_ _5"/>up c<span class="_ _5"/>an b<span class="_ _5"/>e de<span class="_ _5"/>mo<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>te<span class="_ _5"/>d, a<span class="_ _5"/>nd w<span class="_ _5"/>he<span class="_ _5"/>re i<span class="_ _5"/>t is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended to<span class="_ _0"/> manufacture, market<span class="_ _0"/> or use<span class="_ _0"/> project<span class="_ _5"/>, are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as i<span class="_ _5"/>nt<span class="_ _5"/>an<span class="_ _5"/>gi<span class="_ _5"/>bl<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s i<span class="_ _5"/>f th<span class="_ _5"/>e cos<span class="_ _5"/>t c<span class="_ _5"/>an b<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reliably determined<span class="_ _0"/> and there is<span class="_ _0"/> suff<span class="_ _5"/>icient assurance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>at f<span class="_ _5"/>ut<span class="_ _5"/>ur<span class="_ _5"/>e ea<span class="_ _5"/>rni<span class="_ _5"/>ng<span class="_ _5"/>s o<span class="_ _5"/>r th<span class="_ _5"/>e ne<span class="_ _5"/>t se<span class="_ _5"/>ll<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>ice m<span class="_ _5"/>ay cov<span class="_ _5"/>er </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">production costs, selling costs, administrative expens<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es and<span class="_ _0"/> development c<span class="_ _0"/>osts.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">O<span class="_ _5"/>th<span class="_ _5"/>er d<span class="_ _5"/>eve<span class="_ _5"/>lo<span class="_ _5"/>pm<span class="_ _5"/>en<span class="_ _5"/>t co<span class="_ _5"/>st<span class="_ _5"/>s a<span class="_ _5"/>re re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed i<span class="_ _5"/>n th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement under<span class="_ _0"/> other external e<span class="_ _0"/>xpenses, as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs are lik<span class="_ _0"/>ely to<span class="_ _0"/> be incurred.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Development<span class="_ _0"/> costs are measur<span class="_ _0"/>ed at c<span class="_ _0"/>ost less ac<span class="_ _0"/>cu<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mulated a<span class="_ _0"/>mor<span class="_ _5"/>tisation and impairment<span class="_ _0"/> losses. Cost </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">includes salari<span class="_ _0"/>es, armortization, depreciation<span class="_ _0"/> and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other costs attributable to the<span class="_ _0"/> Group’<span class="_ _0"/>s dev<span class="_ _0"/>elopment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ac<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s an<span class="_ _5"/>d bo<span class="_ _5"/>rr<span class="_ _5"/>ow<span class="_ _5"/>in<span class="_ _5"/>g cos<span class="_ _5"/>t<span class="_ _5"/>s f<span class="_ _5"/>rom s<span class="_ _5"/>pe<span class="_ _5"/>ci<span class="_ _5"/>f<span class="_ _5"/>i<span class="_ _5"/>c an<span class="_ _5"/>d ge<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eral borrowing<span class="_ _0"/> that relat<span class="_ _0"/>e directly to the<span class="_ _0"/> development<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">projects.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Upon completion<span class="_ _0"/> of the<span class="_ _0"/> development work,<span class="_ _0"/> devel<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">opment projects are amortised on a straight-line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ba<span class="_ _5"/>si<span class="_ _5"/>s ove<span class="_ _5"/>r th<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>ss<span class="_ _5"/>ed e<span class="_ _5"/>con<span class="_ _5"/>om<span class="_ _5"/>ic l<span class="_ _5"/>if<span class="_ _5"/>e fr<span class="_ _5"/>om t<span class="_ _5"/>he t<span class="_ _5"/>im<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t is r<span class="_ _5"/>ea<span class="_ _5"/>dy f<span class="_ _5"/>or u<span class="_ _5"/>se. T<span class="_ _5"/>he a<span class="_ _5"/>mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>is<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n pe<span class="_ _5"/>ri<span class="_ _5"/>o<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">usually constitutes<span class="_ _0"/> 3-<span class="_ _5"/>5 years.<span class="_ _0"/> The amortisation basis </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is re<span class="_ _5"/>du<span class="_ _5"/>ce<span class="_ _5"/>d by an<span class="_ _5"/>y wr<span class="_ _5"/>i<span class="_ _5"/>te<span class="_ _5"/>-<span class="_ _5"/>d<span class="_ _5"/>ow<span class="_ _5"/>ns<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dev<span class="_ _5"/>el<span class="_ _5"/>op<span class="_ _5"/>me<span class="_ _5"/>nt p<span class="_ _5"/>ro<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s in p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>es<span class="_ _5"/>s are t<span class="_ _5"/>es<span class="_ _5"/>te<span class="_ _5"/>d for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment on an<span class="_ _0"/> annual basis.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Intangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>rademar<span class="_ _0"/>ks</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _1"/>ra<span class="_ _5"/>demarks are<span class="_ _0"/> initially recognised at<span class="_ _0"/> cost. Subse<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">quently,<span class="_ _0"/> trademarks are measured<span class="_ _0"/> at cost<span class="_ _0"/> less accu<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mulated amortisation and impairment. T<span class="_ _1"/>rademark<span class="_ _5"/>s are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amor<span class="_ _5"/>tised on a<span class="_ _0"/> straight-line basis over<span class="_ _0"/> their estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">us<span class="_ _5"/>ef<span class="_ _5"/>ul l<span class="_ _5"/>ive<span class="_ _5"/>s of u<span class="_ _5"/>p to 1<span class="_ _5"/>0 yea<span class="_ _5"/>r<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Soft<span class="_ _5"/>ware dev<span class="_ _0"/>elopment projects</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In-<span class="_ _5"/>progress and<span class="_ _0"/> completed<span class="_ _0"/> soft<span class="_ _5"/>ware dev<span class="_ _0"/>elopment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">project<span class="_ _5"/>s that are<span class="_ _0"/> clearly defined and identifiable, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">where the t<span class="_ _0"/>echnical feasibility,<span class="_ _0"/> suff<span class="_ _5"/>icient resourc<span class="_ _0"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d a po<span class="_ _5"/>ten<span class="_ _5"/>t<span class="_ _5"/>ial f<span class="_ _5"/>u<span class="_ _5"/>tu<span class="_ _5"/>re ma<span class="_ _5"/>rke<span class="_ _5"/>t or p<span class="_ _5"/>ote<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>al fo<span class="_ _5"/>r us<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in t<span class="_ _5"/>he g<span class="_ _5"/>ro<span class="_ _5"/>up c<span class="_ _5"/>an b<span class="_ _5"/>e de<span class="_ _5"/>mo<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>te<span class="_ _5"/>d, a<span class="_ _5"/>nd w<span class="_ _5"/>he<span class="_ _5"/>re i<span class="_ _5"/>t is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended to<span class="_ _0"/> manufacture, market<span class="_ _0"/> or use<span class="_ _0"/> project<span class="_ _5"/>, are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as i<span class="_ _5"/>nt<span class="_ _5"/>an<span class="_ _5"/>gi<span class="_ _5"/>bl<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s i<span class="_ _5"/>f th<span class="_ _5"/>e cos<span class="_ _5"/>t c<span class="_ _5"/>an b<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reliably determined<span class="_ _0"/> and there is<span class="_ _0"/> suff<span class="_ _5"/>icient assurance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>at f<span class="_ _5"/>ut<span class="_ _5"/>ur<span class="_ _5"/>e ea<span class="_ _5"/>rni<span class="_ _5"/>ng<span class="_ _5"/>s o<span class="_ _5"/>r th<span class="_ _5"/>e ne<span class="_ _5"/>t se<span class="_ _5"/>ll<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>ice m<span class="_ _5"/>ay cov<span class="_ _5"/>er </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">production costs, selling costs, administrative expens<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es and<span class="_ _0"/> development c<span class="_ _0"/>osts.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">O<span class="_ _5"/>th<span class="_ _5"/>er d<span class="_ _5"/>eve<span class="_ _5"/>lo<span class="_ _5"/>pm<span class="_ _5"/>en<span class="_ _5"/>t co<span class="_ _5"/>st<span class="_ _5"/>s a<span class="_ _5"/>re re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed i<span class="_ _5"/>n th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement under<span class="_ _0"/> other external e<span class="_ _0"/>xpenses, as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs are lik<span class="_ _0"/>ely to<span class="_ _0"/> be incurred.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Development<span class="_ _0"/> costs are measur<span class="_ _0"/>ed at c<span class="_ _0"/>ost less ac<span class="_ _0"/>cu<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mulated a<span class="_ _0"/>mor<span class="_ _5"/>tisation and impairment<span class="_ _0"/> losses. Cost </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">includes salari<span class="_ _0"/>es, armortization, depreciation<span class="_ _0"/> and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other costs attributable to the<span class="_ _0"/> Group’<span class="_ _0"/>s dev<span class="_ _0"/>elopment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ac<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s an<span class="_ _5"/>d bo<span class="_ _5"/>rr<span class="_ _5"/>ow<span class="_ _5"/>in<span class="_ _5"/>g cos<span class="_ _5"/>t<span class="_ _5"/>s f<span class="_ _5"/>rom s<span class="_ _5"/>pe<span class="_ _5"/>ci<span class="_ _5"/>f<span class="_ _5"/>i<span class="_ _5"/>c an<span class="_ _5"/>d ge<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eral borrowing<span class="_ _0"/> that relat<span class="_ _0"/>e directly to the<span class="_ _0"/> development<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">projects.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Upon completion<span class="_ _0"/> of the<span class="_ _0"/> development work,<span class="_ _0"/> devel<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">opment projects are amortised on a straight-line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ba<span class="_ _5"/>si<span class="_ _5"/>s ove<span class="_ _5"/>r th<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>ss<span class="_ _5"/>ed e<span class="_ _5"/>con<span class="_ _5"/>om<span class="_ _5"/>ic l<span class="_ _5"/>if<span class="_ _5"/>e fr<span class="_ _5"/>om t<span class="_ _5"/>he t<span class="_ _5"/>im<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t is r<span class="_ _5"/>ea<span class="_ _5"/>dy f<span class="_ _5"/>or u<span class="_ _5"/>se. T<span class="_ _5"/>he a<span class="_ _5"/>mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>is<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n pe<span class="_ _5"/>ri<span class="_ _5"/>o<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">usually constitutes<span class="_ _0"/> 3-<span class="_ _5"/>5 years.<span class="_ _0"/> The amortisation basis </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is re<span class="_ _5"/>du<span class="_ _5"/>ce<span class="_ _5"/>d by an<span class="_ _5"/>y wr<span class="_ _5"/>i<span class="_ _5"/>te<span class="_ _5"/>-<span class="_ _5"/>d<span class="_ _5"/>ow<span class="_ _5"/>ns<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dev<span class="_ _5"/>el<span class="_ _5"/>op<span class="_ _5"/>me<span class="_ _5"/>nt p<span class="_ _5"/>ro<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s in p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>es<span class="_ _5"/>s are t<span class="_ _5"/>es<span class="_ _5"/>te<span class="_ _5"/>d for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment on an<span class="_ _0"/> annual basis.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Soft<span class="_ _5"/>ware dev<span class="_ _0"/>elopment projects</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In-<span class="_ _5"/>progress and<span class="_ _0"/> completed<span class="_ _0"/> soft<span class="_ _5"/>ware dev<span class="_ _0"/>elopment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">project<span class="_ _5"/>s that are<span class="_ _0"/> clearly defined and identifiable, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">where the t<span class="_ _0"/>echnical feasibility,<span class="_ _0"/> suff<span class="_ _5"/>icient resourc<span class="_ _0"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d a po<span class="_ _5"/>ten<span class="_ _5"/>t<span class="_ _5"/>ial f<span class="_ _5"/>u<span class="_ _5"/>tu<span class="_ _5"/>re ma<span class="_ _5"/>rke<span class="_ _5"/>t or p<span class="_ _5"/>ote<span class="_ _5"/>nt<span class="_ _5"/>i<span class="_ _5"/>al fo<span class="_ _5"/>r us<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in t<span class="_ _5"/>he g<span class="_ _5"/>ro<span class="_ _5"/>up c<span class="_ _5"/>an b<span class="_ _5"/>e de<span class="_ _5"/>mo<span class="_ _5"/>ns<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>te<span class="_ _5"/>d, a<span class="_ _5"/>nd w<span class="_ _5"/>he<span class="_ _5"/>re i<span class="_ _5"/>t is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intended to<span class="_ _0"/> manufacture, market<span class="_ _0"/> or use<span class="_ _0"/> project<span class="_ _5"/>, are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as i<span class="_ _5"/>nt<span class="_ _5"/>an<span class="_ _5"/>gi<span class="_ _5"/>bl<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s i<span class="_ _5"/>f th<span class="_ _5"/>e cos<span class="_ _5"/>t c<span class="_ _5"/>an b<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reliably determined<span class="_ _0"/> and there is<span class="_ _0"/> suff<span class="_ _5"/>icient assurance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>at f<span class="_ _5"/>ut<span class="_ _5"/>ur<span class="_ _5"/>e ea<span class="_ _5"/>rni<span class="_ _5"/>ng<span class="_ _5"/>s o<span class="_ _5"/>r th<span class="_ _5"/>e ne<span class="_ _5"/>t se<span class="_ _5"/>ll<span class="_ _5"/>in<span class="_ _5"/>g pr<span class="_ _5"/>ice m<span class="_ _5"/>ay cov<span class="_ _5"/>er </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">production costs, selling costs, administrative expens<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">es and<span class="_ _0"/> development c<span class="_ _0"/>osts.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">O<span class="_ _5"/>th<span class="_ _5"/>er d<span class="_ _5"/>eve<span class="_ _5"/>lo<span class="_ _5"/>pm<span class="_ _5"/>en<span class="_ _5"/>t co<span class="_ _5"/>st<span class="_ _5"/>s a<span class="_ _5"/>re re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed i<span class="_ _5"/>n th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement under<span class="_ _0"/> other external e<span class="_ _0"/>xpenses, as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs are lik<span class="_ _0"/>ely to<span class="_ _0"/> be incurred.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Development<span class="_ _0"/> costs are measur<span class="_ _0"/>ed at c<span class="_ _0"/>ost less ac<span class="_ _0"/>cu<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mulated a<span class="_ _0"/>mor<span class="_ _5"/>tisation and impairment<span class="_ _0"/> losses. Cost </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">includes salari<span class="_ _0"/>es, armortization, depreciation<span class="_ _0"/> and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other costs attributable to the<span class="_ _0"/> Group’<span class="_ _0"/>s dev<span class="_ _0"/>elopment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ac<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s an<span class="_ _5"/>d bo<span class="_ _5"/>rr<span class="_ _5"/>ow<span class="_ _5"/>in<span class="_ _5"/>g cos<span class="_ _5"/>t<span class="_ _5"/>s f<span class="_ _5"/>rom s<span class="_ _5"/>pe<span class="_ _5"/>ci<span class="_ _5"/>f<span class="_ _5"/>i<span class="_ _5"/>c an<span class="_ _5"/>d ge<span class="_ _5"/>n<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eral borrowing<span class="_ _0"/> that relat<span class="_ _0"/>e directly to the<span class="_ _0"/> development<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">projects.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Upon completion<span class="_ _0"/> of the<span class="_ _0"/> development work,<span class="_ _0"/> devel<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">opment projects are amortised on a straight-line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ba<span class="_ _5"/>si<span class="_ _5"/>s ove<span class="_ _5"/>r th<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>ss<span class="_ _5"/>ed e<span class="_ _5"/>con<span class="_ _5"/>om<span class="_ _5"/>ic l<span class="_ _5"/>if<span class="_ _5"/>e fr<span class="_ _5"/>om t<span class="_ _5"/>he t<span class="_ _5"/>im<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t is r<span class="_ _5"/>ea<span class="_ _5"/>dy f<span class="_ _5"/>or u<span class="_ _5"/>se. T<span class="_ _5"/>he a<span class="_ _5"/>mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>is<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n pe<span class="_ _5"/>ri<span class="_ _5"/>o<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">usually constitutes<span class="_ _0"/> 3-<span class="_ _5"/>5 years.<span class="_ _0"/> The amortisation basis </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is re<span class="_ _5"/>du<span class="_ _5"/>ce<span class="_ _5"/>d by an<span class="_ _5"/>y wr<span class="_ _5"/>i<span class="_ _5"/>te<span class="_ _5"/>-<span class="_ _5"/>d<span class="_ _5"/>ow<span class="_ _5"/>ns<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dev<span class="_ _5"/>el<span class="_ _5"/>op<span class="_ _5"/>me<span class="_ _5"/>nt p<span class="_ _5"/>ro<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s in p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>es<span class="_ _5"/>s are t<span class="_ _5"/>es<span class="_ _5"/>te<span class="_ _5"/>d for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment on an<span class="_ _0"/> annual basis.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Propert<span class="_ _5"/>y, plant<span class="_ _0"/> and equipment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Land and buildings,<span class="_ _0"/> plant and machinery and fix<span class="_ _5"/>tures </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and fit<span class="_ _5"/>tings, and other equipment<span class="_ _0"/> are measured<span class="_ _0"/> at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost less ac<span class="_ _0"/>cumulated depreci<span class="_ _0"/>ation and impairment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lo<span class="_ _5"/>ss<span class="_ _5"/>es<span class="_ _5"/>. Co<span class="_ _5"/>st c<span class="_ _5"/>om<span class="_ _5"/>pr<span class="_ _5"/>is<span class="_ _5"/>es t<span class="_ _5"/>he p<span class="_ _5"/>ur<span class="_ _5"/>ch<span class="_ _5"/>as<span class="_ _5"/>e pr<span class="_ _5"/>ice a<span class="_ _5"/>nd c<span class="_ _5"/>os<span class="_ _5"/>t<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of materi<span class="_ _0"/>als, components, suppliers, direct wages and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">salaries and<span class="_ _0"/> indirect produc<span class="_ _5"/>tion costs until the date<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wh<span class="_ _5"/>en t<span class="_ _5"/>he a<span class="_ _5"/>ss<span class="_ _5"/>et i<span class="_ _5"/>s av<span class="_ _5"/>ai<span class="_ _5"/>la<span class="_ _5"/>bl<span class="_ _5"/>e fo<span class="_ _5"/>r us<span class="_ _5"/>e.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>pre<span class="_ _5"/>ci<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>n i<span class="_ _5"/>s pro<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>d on a s<span class="_ _5"/>t<span class="_ _5"/>ra<span class="_ _5"/>ig<span class="_ _5"/>ht<span class="_ _5"/>-<span class="_ _5"/>li<span class="_ _5"/>ne b<span class="_ _5"/>as<span class="_ _5"/>is ov<span class="_ _5"/>er </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ex<span class="_ _5"/>pe<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d us<span class="_ _5"/>ef<span class="_ _5"/>ul l<span class="_ _5"/>iv<span class="_ _5"/>es of t<span class="_ _5"/>he a<span class="_ _5"/>s<span class="_ _5"/>set<span class="_ _5"/>s<span class="_ _5"/>, a<span class="_ _5"/>s fo<span class="_ _5"/>ll<span class="_ _5"/>ows<span class="_ _5"/>: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Buildings: <span class="_ _18f"> </span>10-3<span class="_ _5"/>0 ye<span class="_ _0"/>ars</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Leasehold impro<span class="_ _0"/>vements: <span class="_ _18c"> </span>3-10 y<span class="_ _0"/>ears</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fi<span class="_ _5"/>x<span class="_ _5"/>tu<span class="_ _5"/>re<span class="_ _5"/>s an<span class="_ _5"/>d f<span class="_ _5"/>it<span class="_ _3"/>ti<span class="_ _5"/>ng: <span class="_ _41"> </span>3<span class="_ _5"/>-5 y<span class="_ _5"/>ea<span class="_ _5"/>rs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Plant, machinery and other equipment: <span class="_ _1ec"> </span>3-10 years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Right-of-use assets are depreciated<span class="_ _0"/> on a straight-line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ba<span class="_ _5"/>si<span class="_ _5"/>s ove<span class="_ _5"/>r th<span class="_ _5"/>e sh<span class="_ _5"/>or<span class="_ _5"/>t<span class="_ _5"/>er o<span class="_ _5"/>f th<span class="_ _5"/>e le<span class="_ _5"/>as<span class="_ _5"/>e ter<span class="_ _5"/>m an<span class="_ _5"/>d t<span class="_ _5"/>he es<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ma<span class="_ _5"/>ted u<span class="_ _5"/>se<span class="_ _5"/>fu<span class="_ _5"/>l li<span class="_ _5"/>ve<span class="_ _5"/>s of t<span class="_ _5"/>he a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s<span class="_ _5"/>, as f<span class="_ _5"/>ol<span class="_ _5"/>lo<span class="_ _5"/>ws:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pro<span class="_ _5"/>pe<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _3"/>y: <span class="_ _161"> </span>3<span class="_ _5"/>-1<span class="_ _5"/>0 ye<span class="_ _5"/>ar<span class="_ _5"/>s</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">V<span class="_ _0"/>ehicles: <span class="_ _1ed"> </span>5<span class="_ _5"/>-6 years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Plant and<span class="_ _0"/> equipment <span class="_ _bb"> </span>3<span class="_ _5"/>-10 years</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Leases</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s le<span class="_ _5"/>ase c<span class="_ _5"/>on<span class="_ _5"/>tr<span class="_ _5"/>ac<span class="_ _3"/>t<span class="_ _5"/>s fo<span class="_ _5"/>r pro<span class="_ _5"/>pe<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _3"/>y, vehic<span class="_ _5"/>le<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and plant and<span class="_ _0"/> equipment used in<span class="_ _0"/> its operations. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pro<span class="_ _5"/>pe<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _3"/>y lea<span class="_ _5"/>se<span class="_ _5"/>s ha<span class="_ _5"/>ve le<span class="_ _5"/>as<span class="_ _5"/>e ter<span class="_ _5"/>m<span class="_ _5"/>s of be<span class="_ _5"/>t<span class="_ _5"/>we<span class="_ _5"/>en 3 a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">10 y<span class="_ _5"/>ear<span class="_ _5"/>s<span class="_ _5"/>, ve<span class="_ _5"/>hic<span class="_ _5"/>le<span class="_ _5"/>s ha<span class="_ _5"/>ve le<span class="_ _5"/>as<span class="_ _5"/>e ter<span class="_ _5"/>m<span class="_ _5"/>s of b<span class="_ _5"/>et<span class="_ _5"/>we<span class="_ _5"/>en 5 a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">6 yea<span class="_ _5"/>r<span class="_ _5"/>s an<span class="_ _5"/>d pl<span class="_ _5"/>an<span class="_ _5"/>t an<span class="_ _5"/>d eq<span class="_ _5"/>ui<span class="_ _5"/>pm<span class="_ _5"/>en<span class="_ _5"/>t ha<span class="_ _5"/>ve le<span class="_ _5"/>as<span class="_ _5"/>e ter<span class="_ _5"/>ms o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be<span class="_ _5"/>t<span class="_ _5"/>we<span class="_ _5"/>en 3 to 1<span class="_ _5"/>0 ye<span class="_ _5"/>ar<span class="_ _5"/>s<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Generally,<span class="_ _0"/> the Group is<span class="_ _0"/> restric<span class="_ _5"/>ted from<span class="_ _0"/> assigning and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">su<span class="_ _5"/>bl<span class="_ _5"/>ea<span class="_ _5"/>si<span class="_ _5"/>ng t<span class="_ _5"/>he l<span class="_ _5"/>ea<span class="_ _5"/>se<span class="_ _5"/>d as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s. T<span class="_ _5"/>he<span class="_ _5"/>re ar<span class="_ _5"/>e sev<span class="_ _5"/>er<span class="_ _5"/>al l<span class="_ _5"/>ea<span class="_ _5"/>se </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contract<span class="_ _5"/>s that inc<span class="_ _0"/>lude extension and<span class="_ _0"/> termination<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">options and<span class="_ _0"/> variable lease<span class="_ _0"/> payments. These options<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are negotiated<span class="_ _0"/> by Management<span class="_ _0"/> to provide<span class="_ _0"/> flexibilit<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in managing<span class="_ _0"/> the leased-a<span class="_ _5"/>sset port<span class="_ _5"/>folio and<span class="_ _0"/> align with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Group’<span class="_ _0"/>s business<span class="_ _0"/> needs. Management ex<span class="_ _0"/>ercises </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">judgement in det<span class="_ _0"/>ermining whether these e<span class="_ _0"/>x<span class="_ _5"/>tension </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and termi<span class="_ _0"/>nation options ar<span class="_ _0"/>e reasonably<span class="_ _0"/> certain to be<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exer<span class="_ _0"/>cised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e lea<span class="_ _5"/>se l<span class="_ _5"/>ia<span class="_ _5"/>bi<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>y i<span class="_ _5"/>s me<span class="_ _5"/>as<span class="_ _5"/>ure<span class="_ _5"/>d at a<span class="_ _5"/>mo<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>sed c<span class="_ _5"/>os<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">us<span class="_ _5"/>in<span class="_ _5"/>g th<span class="_ _5"/>e ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>ve i<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>st r<span class="_ _5"/>at<span class="_ _5"/>e me<span class="_ _5"/>th<span class="_ _5"/>od<span class="_ _5"/>. Th<span class="_ _5"/>e le<span class="_ _5"/>as<span class="_ _5"/>e is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">remeasured<span class="_ _0"/> when changes in<span class="_ _0"/> the underlying contrac<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tua<span class="_ _5"/>l c<span class="_ _5"/>as<span class="_ _5"/>h f<span class="_ _5"/>lo<span class="_ _5"/>ws o<span class="_ _5"/>ccu<span class="_ _5"/>r fr<span class="_ _5"/>om e.g<span class="_ _5"/>. c<span class="_ _5"/>han<span class="_ _5"/>g<span class="_ _5"/>es in a<span class="_ _5"/>n in<span class="_ _5"/>de<span class="_ _5"/>x or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a borrowing<span class="_ _0"/> rate or<span class="_ _0"/> changes in<span class="_ _0"/> determining<span class="_ _0"/> whether </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">extension and<span class="_ _0"/> termination options<span class="_ _0"/> are r<span class="_ _0"/>easonably </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cer<span class="_ _3"/>ta<span class="_ _5"/>in to b<span class="_ _5"/>e exe<span class="_ _5"/>rci<span class="_ _5"/>se<span class="_ _5"/>d<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>s ri<span class="_ _5"/>gh<span class="_ _5"/>t-<span class="_ _5"/>of<span class="_ _5"/>-<span class="_ _5"/>us<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s at t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commencement<span class="_ _0"/> date o<span class="_ _0"/>f the lease<span class="_ _0"/> (i.e.<span class="_ _0"/> the date<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">un<span class="_ _5"/>de<span class="_ _5"/>rl<span class="_ _5"/>y<span class="_ _5"/>in<span class="_ _5"/>g as<span class="_ _5"/>se<span class="_ _5"/>t is av<span class="_ _5"/>ai<span class="_ _5"/>la<span class="_ _5"/>bl<span class="_ _5"/>e fo<span class="_ _5"/>r us<span class="_ _5"/>e). R<span class="_ _5"/>ig<span class="_ _5"/>ht-<span class="_ _3"/>of-<span class="_ _5"/>u<span class="_ _5"/>se </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s are m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d at co<span class="_ _5"/>s<span class="_ _5"/>t le<span class="_ _5"/>ss a<span class="_ _5"/>ny ac<span class="_ _5"/>cum<span class="_ _5"/>ul<span class="_ _5"/>at<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">depreciation and<span class="_ _0"/> impairment loss<span class="_ _0"/>es and adjusted<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for any<span class="_ _0"/> remeasurement<span class="_ _0"/> of leases. Subsequently<span class="_ _0"/>, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">right-of-u<span class="_ _5"/>se asset<span class="_ _0"/> is measured<span class="_ _0"/> at cost less<span class="_ _0"/> accumulat<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed depreciation<span class="_ _0"/> and impairment<span class="_ _0"/> losses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e rig<span class="_ _5"/>h<span class="_ _5"/>t-<span class="_ _5"/>of<span class="_ _5"/>-<span class="_ _5"/>us<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t is a<span class="_ _5"/>dj<span class="_ _5"/>us<span class="_ _5"/>te<span class="_ _5"/>d fo<span class="_ _5"/>r ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s in t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lease liability as<span class="_ _0"/> a consequenc<span class="_ _0"/>e of<span class="_ _0"/> changes in<span class="_ _0"/> lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ter<span class="_ _5"/>ms o<span class="_ _5"/>r ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s in t<span class="_ _5"/>he c<span class="_ _5"/>a<span class="_ _5"/>sh f<span class="_ _5"/>l<span class="_ _5"/>ow<span class="_ _5"/>s of t<span class="_ _5"/>he l<span class="_ _5"/>ea<span class="_ _5"/>se u<span class="_ _5"/>po<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in<span class="_ _0"/> an inde<span class="_ _0"/>x or a<span class="_ _0"/> borrowing rat<span class="_ _0"/>e.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Right-of-use assets are depreciated<span class="_ _0"/> on a straight-line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ba<span class="_ _5"/>si<span class="_ _5"/>s ove<span class="_ _5"/>r th<span class="_ _5"/>e sh<span class="_ _5"/>or<span class="_ _5"/>t<span class="_ _5"/>er o<span class="_ _5"/>f th<span class="_ _5"/>e le<span class="_ _5"/>as<span class="_ _5"/>e ter<span class="_ _5"/>m an<span class="_ _5"/>d t<span class="_ _5"/>he es<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ma<span class="_ _5"/>ted u<span class="_ _5"/>se<span class="_ _5"/>fu<span class="_ _5"/>l li<span class="_ _5"/>ve<span class="_ _5"/>s of t<span class="_ _5"/>he a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s<span class="_ _5"/>, as f<span class="_ _5"/>ol<span class="_ _5"/>lo<span class="_ _5"/>ws:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pro<span class="_ _5"/>pe<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _3"/>y: <span class="_ _161"> </span>3<span class="_ _5"/>-1<span class="_ _5"/>0 ye<span class="_ _5"/>ar<span class="_ _5"/>s</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">V<span class="_ _0"/>ehicles: <span class="_ _1ed"> </span>5<span class="_ _5"/>-6 years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Plant and<span class="_ _0"/> equipment <span class="_ _bb"> </span>3<span class="_ _5"/>-10 years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> presents lease assets and lease<span class="_ _0"/> liabilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">separately in<span class="_ _0"/> the balance sheet.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> also has c<span class="_ _0"/>er<span class="_ _5"/>tain leases o<span class="_ _0"/>f other equipment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wi<span class="_ _5"/>t<span class="_ _5"/>h le<span class="_ _5"/>ase t<span class="_ _5"/>er<span class="_ _5"/>ms o<span class="_ _5"/>f 12 mo<span class="_ _5"/>nt<span class="_ _5"/>h<span class="_ _5"/>s or l<span class="_ _5"/>es<span class="_ _5"/>s an<span class="_ _5"/>d le<span class="_ _5"/>as<span class="_ _5"/>es of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">off<span class="_ _5"/>ice equipment with low<span class="_ _0"/> value. T<span class="_ _0"/>he Group applies<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the short-term lease<span class="_ _0"/> and lease<span class="_ _0"/> of low-value<span class="_ _0"/> assets’ </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognition e<span class="_ _0"/>xemptions f<span class="_ _0"/>or these leas<span class="_ _0"/>es.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All financial liabilities are<span class="_ _0"/> recognised in<span class="_ _0"/>itially at fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value and,<span class="_ _0"/> in the case<span class="_ _0"/> of loans<span class="_ _0"/> and borro<span class="_ _0"/>wings, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">carried at<span class="_ _0"/> amor<span class="_ _5"/>tised cost. This<span class="_ _0"/> includes directly attrib<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">utable transaction costs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> financial liabilities comprise<span class="_ _0"/> trade paya<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bles, borrowings<span class="_ _0"/> and other p<span class="_ _0"/>ayables.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Valuat<span class="_ _5"/>io<span class="_ _5"/>n of no<span class="_ _5"/>n<span class="_ _5"/>-<span class="_ _5"/>cur<span class="_ _5"/>ren<span class="_ _5"/>t ass<span class="_ _5"/>et<span class="_ _5"/>s in<span class="_ _5"/>cl, g<span class="_ _5"/>oo<span class="_ _5"/>dw<span class="_ _5"/>ill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment exists when the carrying amount of an<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t or c<span class="_ _5"/>as<span class="_ _5"/>h<span class="_ _5"/>-<span class="_ _5"/>ge<span class="_ _5"/>ne<span class="_ _5"/>ra<span class="_ _5"/>t<span class="_ _5"/>in<span class="_ _5"/>g un<span class="_ _5"/>it (<span class="_ _5"/>CGU<span class="_ _5"/>) exc<span class="_ _5"/>ee<span class="_ _5"/>ds i<span class="_ _5"/>t<span class="_ _5"/>s re<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">coverable<span class="_ _0"/> amount, which is the<span class="_ _0"/> higher of its fair<span class="_ _0"/> value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">le<span class="_ _5"/>ss co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s to di<span class="_ _5"/>sp<span class="_ _5"/>os<span class="_ _5"/>e an<span class="_ _5"/>d i<span class="_ _5"/>t<span class="_ _5"/>s va<span class="_ _5"/>lu<span class="_ _5"/>e in u<span class="_ _5"/>se.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>alu<span class="_ _5"/>e l<span class="_ _5"/>es<span class="_ _5"/>s cos<span class="_ _5"/>t<span class="_ _5"/>s to d<span class="_ _5"/>is<span class="_ _5"/>po<span class="_ _5"/>se c<span class="_ _5"/>al<span class="_ _5"/>cu<span class="_ _5"/>la<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on<span class="_ _0"/> available data<span class="_ _0"/> from binding<span class="_ _0"/> sales transac<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tions, conducted at<span class="_ _0"/> an arm<span class="_ _0"/>’s<span class="_ _0"/> length, for s<span class="_ _0"/>imilar assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or observable market<span class="_ _0"/> prices less incr<span class="_ _0"/>emental costs to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">di<span class="_ _5"/>sp<span class="_ _5"/>os<span class="_ _5"/>e of t<span class="_ _5"/>he a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>. Th<span class="_ _5"/>e va<span class="_ _5"/>lu<span class="_ _5"/>e in u<span class="_ _5"/>se c<span class="_ _5"/>al<span class="_ _5"/>cu<span class="_ _5"/>la<span class="_ _5"/>t<span class="_ _5"/>ion i<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on<span class="_ _0"/> a Discount<span class="_ _0"/>ed Cash Flow<span class="_ _0"/> model.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ca<span class="_ _5"/>sh f<span class="_ _5"/>l<span class="_ _5"/>ow<span class="_ _5"/>s are d<span class="_ _5"/>er<span class="_ _5"/>i<span class="_ _5"/>ved f<span class="_ _5"/>ro<span class="_ _5"/>m t<span class="_ _5"/>he b<span class="_ _5"/>ud<span class="_ _5"/>ge<span class="_ _5"/>t for t<span class="_ _5"/>h<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">nex<span class="_ _3"/>t f<span class="_ _5"/>iv<span class="_ _5"/>e yea<span class="_ _5"/>r<span class="_ _5"/>s an<span class="_ _5"/>d do n<span class="_ _5"/>ot in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>e re<span class="_ _5"/>st<span class="_ _5"/>r<span class="_ _5"/>uc<span class="_ _5"/>t<span class="_ _5"/>ur<span class="_ _5"/>in<span class="_ _5"/>g </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ac<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s th<span class="_ _5"/>at t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up i<span class="_ _5"/>s no<span class="_ _5"/>t ye<span class="_ _5"/>t com<span class="_ _5"/>mi<span class="_ _5"/>t<span class="_ _5"/>te<span class="_ _5"/>d to o<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant future investments that will enhanc<span class="_ _0"/>e the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>r<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>an<span class="_ _5"/>ce of t<span class="_ _5"/>he a<span class="_ _5"/>s<span class="_ _5"/>set<span class="_ _5"/>s o<span class="_ _5"/>f th<span class="_ _5"/>e CG<span class="_ _5"/>U be<span class="_ _5"/>in<span class="_ _5"/>g te<span class="_ _5"/>st<span class="_ _5"/>ed<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The rec<span class="_ _0"/>overable amount<span class="_ _0"/> is sensitive to<span class="_ _0"/> the discount<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ra<span class="_ _5"/>te us<span class="_ _5"/>ed f<span class="_ _5"/>or t<span class="_ _5"/>he D<span class="_ _5"/>C<span class="_ _5"/>F mo<span class="_ _5"/>de<span class="_ _5"/>l as w<span class="_ _5"/>el<span class="_ _5"/>l as t<span class="_ _5"/>he ex<span class="_ _5"/>p<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fu<span class="_ _5"/>tu<span class="_ _5"/>re c<span class="_ _5"/>as<span class="_ _5"/>h in<span class="_ _5"/>f<span class="_ _5"/>low<span class="_ _5"/>s a<span class="_ _5"/>nd t<span class="_ _5"/>he g<span class="_ _5"/>row<span class="_ _3"/>th r<span class="_ _5"/>a<span class="_ _5"/>te us<span class="_ _5"/>ed f<span class="_ _5"/>or t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">terminal period.<span class="_ _0"/> These estimates are<span class="_ _0"/> most relevant<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to go<span class="_ _5"/>od<span class="_ _5"/>w<span class="_ _5"/>il<span class="_ _5"/>l wi<span class="_ _5"/>t<span class="_ _5"/>h in<span class="_ _5"/>de<span class="_ _5"/>f<span class="_ _5"/>in<span class="_ _5"/>ite u<span class="_ _5"/>se<span class="_ _5"/>fu<span class="_ _5"/>l li<span class="_ _5"/>ve<span class="_ _5"/>s re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Group.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e key as<span class="_ _5"/>su<span class="_ _5"/>mp<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>s us<span class="_ _5"/>ed t<span class="_ _5"/>o de<span class="_ _5"/>ter<span class="_ _5"/>mi<span class="_ _5"/>ne t<span class="_ _5"/>he r<span class="_ _5"/>eco<span class="_ _5"/>ver-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">able amount for<span class="_ _0"/> the different CGUs, including<span class="_ _0"/> a sen<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sitivit<span class="_ _5"/>y analysis, are disclosed<span class="_ _0"/> and further explained </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">below<span class="_ _0"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Valuat<span class="_ _5"/>io<span class="_ _5"/>n of no<span class="_ _5"/>n<span class="_ _5"/>-<span class="_ _5"/>cur<span class="_ _5"/>ren<span class="_ _5"/>t ass<span class="_ _5"/>et<span class="_ _5"/>s in<span class="_ _5"/>cl, g<span class="_ _5"/>oo<span class="_ _5"/>dw<span class="_ _5"/>ill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment exists when the carrying amount of an<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t or c<span class="_ _5"/>as<span class="_ _5"/>h<span class="_ _5"/>-<span class="_ _5"/>ge<span class="_ _5"/>ne<span class="_ _5"/>ra<span class="_ _5"/>t<span class="_ _5"/>in<span class="_ _5"/>g un<span class="_ _5"/>it (<span class="_ _5"/>CGU<span class="_ _5"/>) exc<span class="_ _5"/>ee<span class="_ _5"/>ds i<span class="_ _5"/>t<span class="_ _5"/>s re<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">coverable<span class="_ _0"/> amount, which is the<span class="_ _0"/> higher of its fair<span class="_ _0"/> value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">le<span class="_ _5"/>ss co<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s to di<span class="_ _5"/>sp<span class="_ _5"/>os<span class="_ _5"/>e an<span class="_ _5"/>d i<span class="_ _5"/>t<span class="_ _5"/>s va<span class="_ _5"/>lu<span class="_ _5"/>e in u<span class="_ _5"/>se.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e fa<span class="_ _5"/>ir v<span class="_ _5"/>alu<span class="_ _5"/>e l<span class="_ _5"/>es<span class="_ _5"/>s cos<span class="_ _5"/>t<span class="_ _5"/>s to d<span class="_ _5"/>is<span class="_ _5"/>po<span class="_ _5"/>se c<span class="_ _5"/>al<span class="_ _5"/>cu<span class="_ _5"/>la<span class="_ _5"/>ti<span class="_ _5"/>on i<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on<span class="_ _0"/> available data<span class="_ _0"/> from binding<span class="_ _0"/> sales transac<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tions, conducted at<span class="_ _0"/> an arm<span class="_ _0"/>’s<span class="_ _0"/> length, for s<span class="_ _0"/>imilar assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or observable market<span class="_ _0"/> prices less incr<span class="_ _0"/>emental costs to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">di<span class="_ _5"/>sp<span class="_ _5"/>os<span class="_ _5"/>e of t<span class="_ _5"/>he a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>. Th<span class="_ _5"/>e va<span class="_ _5"/>lu<span class="_ _5"/>e in u<span class="_ _5"/>se c<span class="_ _5"/>al<span class="_ _5"/>cu<span class="_ _5"/>la<span class="_ _5"/>t<span class="_ _5"/>ion i<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on<span class="_ _0"/> a Discount<span class="_ _0"/>ed Cash Flow<span class="_ _0"/> model.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ca<span class="_ _5"/>sh f<span class="_ _5"/>l<span class="_ _5"/>ow<span class="_ _5"/>s are d<span class="_ _5"/>er<span class="_ _5"/>i<span class="_ _5"/>ved f<span class="_ _5"/>ro<span class="_ _5"/>m t<span class="_ _5"/>he b<span class="_ _5"/>ud<span class="_ _5"/>ge<span class="_ _5"/>t for t<span class="_ _5"/>h<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">nex<span class="_ _3"/>t f<span class="_ _5"/>iv<span class="_ _5"/>e yea<span class="_ _5"/>r<span class="_ _5"/>s an<span class="_ _5"/>d do n<span class="_ _5"/>ot in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>e re<span class="_ _5"/>st<span class="_ _5"/>r<span class="_ _5"/>uc<span class="_ _5"/>t<span class="_ _5"/>ur<span class="_ _5"/>in<span class="_ _5"/>g </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ac<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s th<span class="_ _5"/>at t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up i<span class="_ _5"/>s no<span class="_ _5"/>t ye<span class="_ _5"/>t com<span class="_ _5"/>mi<span class="_ _5"/>t<span class="_ _5"/>te<span class="_ _5"/>d to o<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant future investments that will enhanc<span class="_ _0"/>e the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>r<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>an<span class="_ _5"/>ce of t<span class="_ _5"/>he a<span class="_ _5"/>s<span class="_ _5"/>set<span class="_ _5"/>s o<span class="_ _5"/>f th<span class="_ _5"/>e CG<span class="_ _5"/>U be<span class="_ _5"/>in<span class="_ _5"/>g te<span class="_ _5"/>st<span class="_ _5"/>ed<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The rec<span class="_ _0"/>overable amount<span class="_ _0"/> is sensitive to<span class="_ _0"/> the discount<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ra<span class="_ _5"/>te us<span class="_ _5"/>ed f<span class="_ _5"/>or t<span class="_ _5"/>he D<span class="_ _5"/>C<span class="_ _5"/>F mo<span class="_ _5"/>de<span class="_ _5"/>l as w<span class="_ _5"/>el<span class="_ _5"/>l as t<span class="_ _5"/>he ex<span class="_ _5"/>p<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fu<span class="_ _5"/>tu<span class="_ _5"/>re c<span class="_ _5"/>as<span class="_ _5"/>h in<span class="_ _5"/>f<span class="_ _5"/>low<span class="_ _5"/>s a<span class="_ _5"/>nd t<span class="_ _5"/>he g<span class="_ _5"/>row<span class="_ _3"/>th r<span class="_ _5"/>a<span class="_ _5"/>te us<span class="_ _5"/>ed f<span class="_ _5"/>or t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">terminal period.<span class="_ _0"/> These estimates are<span class="_ _0"/> most relevant<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to go<span class="_ _5"/>od<span class="_ _5"/>w<span class="_ _5"/>il<span class="_ _5"/>l wi<span class="_ _5"/>t<span class="_ _5"/>h in<span class="_ _5"/>de<span class="_ _5"/>f<span class="_ _5"/>in<span class="_ _5"/>ite u<span class="_ _5"/>se<span class="_ _5"/>fu<span class="_ _5"/>l li<span class="_ _5"/>ve<span class="_ _5"/>s re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Group.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e key as<span class="_ _5"/>su<span class="_ _5"/>mp<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>s us<span class="_ _5"/>ed t<span class="_ _5"/>o de<span class="_ _5"/>ter<span class="_ _5"/>mi<span class="_ _5"/>ne t<span class="_ _5"/>he r<span class="_ _5"/>eco<span class="_ _5"/>ver-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">able amount for<span class="_ _0"/> the different CGUs, including<span class="_ _0"/> a sen<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sitivit<span class="_ _5"/>y analysis, are disclosed<span class="_ _0"/> and further explained </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">below<span class="_ _0"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revi<span class="_ _5"/>ew of t<span class="_ _5"/>he a<span class="_ _5"/>nnu<span class="_ _5"/>al im<span class="_ _5"/>pai<span class="_ _5"/>rme<span class="_ _5"/>nt t<span class="_ _5"/>es<span class="_ _5"/>t</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fo<span class="_ _5"/>r im<span class="_ _5"/>pa<span class="_ _5"/>ir<span class="_ _5"/>me<span class="_ _5"/>nt te<span class="_ _5"/>s<span class="_ _5"/>ti<span class="_ _5"/>ng<span class="_ _5"/>, g<span class="_ _5"/>oo<span class="_ _5"/>dw<span class="_ _5"/>il<span class="_ _5"/>l is a<span class="_ _5"/>ll<span class="_ _5"/>oc<span class="_ _5"/>a<span class="_ _5"/>ted t<span class="_ _5"/>o th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three CGU’<span class="_ _0"/>s (“Detached”<span class="_ _0"/>, “Semi-<span class="_ _5"/>detached” and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">“Wooden houses”), which<span class="_ _0"/> are the<span class="_ _0"/> operating and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">report<span class="_ _5"/>able segments. Among other factors, the Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considers the r<span class="_ _0"/>elationship between its market capi<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">talisation and the<span class="_ _0"/> carr<span class="_ _5"/>ying value<span class="_ _0"/> of assets, including<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">goodwill, when assessing<span class="_ _0"/> for indi<span class="_ _0"/>cators of impa<span class="_ _0"/>ir<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment. Impairment te<span class="_ _0"/>st<span class="_ _5"/>s are<span class="_ _0"/> performed separately for<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">al<span class="_ _5"/>l th<span class="_ _5"/>re<span class="_ _5"/>e CGU<span class="_ _5"/>’s o<span class="_ _5"/>nce a ye<span class="_ _5"/>ar o<span class="_ _5"/>r mo<span class="_ _5"/>re f<span class="_ _5"/>re<span class="_ _5"/>qu<span class="_ _5"/>en<span class="_ _5"/>tl<span class="_ _5"/>y i<span class="_ _5"/>f an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">indication of<span class="_ _0"/> impairment e<span class="_ _0"/>xist<span class="_ _5"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ne<span class="_ _5"/>it<span class="_ _5"/>he<span class="_ _5"/>r in 2025 n<span class="_ _5"/>or i<span class="_ _5"/>n 2024 did t<span class="_ _5"/>he te<span class="_ _5"/>s<span class="_ _5"/>t rev<span class="_ _5"/>eal a<span class="_ _5"/>ny<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment. The impairment t<span class="_ _0"/>est is an<span class="_ _0"/> assessment of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whether the cash-<span class="_ _5"/>generating units are e<span class="_ _0"/>xpec<span class="_ _5"/>ted to<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be a<span class="_ _5"/>bl<span class="_ _5"/>e to g<span class="_ _5"/>en<span class="_ _5"/>er<span class="_ _5"/>ate s<span class="_ _5"/>uf<span class="_ _3"/>f<span class="_ _5"/>ic<span class="_ _5"/>ien<span class="_ _5"/>t p<span class="_ _5"/>osi<span class="_ _5"/>t<span class="_ _5"/>iv<span class="_ _5"/>e ne<span class="_ _5"/>t ca<span class="_ _5"/>sh f<span class="_ _5"/>l<span class="_ _5"/>ow </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the future<span class="_ _0"/> to s<span class="_ _0"/>uppor<span class="_ _5"/>t the carryin<span class="_ _5"/>g amount<span class="_ _0"/> of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">net assets related<span class="_ _0"/> to the<span class="_ _0"/> CGUs. As highlighted<span class="_ _0"/> under </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sensitivit<span class="_ _5"/>y changes, the conclusions<span class="_ _0"/> from the<span class="_ _0"/> impair<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ment testing are<span class="_ _0"/> subject to estimation uncertaint<span class="_ _5"/>y and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">po<span class="_ _5"/>ss<span class="_ _5"/>ib<span class="_ _5"/>le f<span class="_ _5"/>ut<span class="_ _5"/>ur<span class="_ _5"/>e ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s to key as<span class="_ _5"/>su<span class="_ _5"/>mp<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>ns of f<span class="_ _5"/>u<span class="_ _5"/>tur<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows could r<span class="_ _0"/>esult in impairments.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.1<span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Shar<span class="_ _0"/>e capital and div<span class="_ _0"/>idends</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:233.796875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 445.859px; top: 0.0136718px; width: 45.2578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Nominal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 532.359px; top: 0.0136718px; width: 43.8633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 12.7637px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 461.609px; top: 12.7637px; width: 27.4629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">value</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 527.375px; top: 12.7637px; width: 46.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of shares</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 47.7168px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7793px; width: 62.0156px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share capital</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.8574px; width: 574.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share capital at 1 January (issued and fully paid up)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.963px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">108,550</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.1816px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">27,710,000</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 101.92px; width: 574.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Increase of share capital</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.728px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 119.998px; width: 573.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share capital at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.549px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">108,550</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.1816px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">27,710,000</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 151.404px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 169.467px; width: 62.0156px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share capital</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 187.545px; width: 574.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share capital at 1 January (issued and fully paid up)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.963px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">108,550</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.1816px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,710,000</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 205.607px; width: 574.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Increase of share capital</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.728px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 223.686px; width: 573.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share capital at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.549px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">108,550</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.1816px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,710,000</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Company’s<span class="_ _0"/> share capital is<span class="_ _0"/> nominally DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">10<span class="_ _5"/>8<span class="_ _5"/>,55<span class="_ _5"/>0,0<span class="_ _5"/>00, d<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>d in<span class="_ _5"/>to 2<span class="_ _5"/>1<span class="_ _5"/>,71<span class="_ _5"/>0,0<span class="_ _5"/>0<span class="_ _5"/>0 sha<span class="_ _5"/>re<span class="_ _5"/>s of D<span class="_ _5"/>KK 5 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">each or<span class="_ _0"/> multiples hereof (<span class="_ _0"/>unchanged from 2<span class="_ _0"/>02<span class="_ _0"/>4)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dividends</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Company's dividend policy has a<span class="_ _0"/> target initial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _5"/>-<span class="_ _5"/>o<span class="_ _5"/>ut r<span class="_ _5"/>at<span class="_ _5"/>io o<span class="_ _5"/>f ar<span class="_ _5"/>ou<span class="_ _5"/>nd 5<span class="_ _5"/>0% of p<span class="_ _5"/>ro<span class="_ _5"/>f<span class="_ _5"/>it f<span class="_ _5"/>or t<span class="_ _5"/>he y<span class="_ _5"/>ea<span class="_ _5"/>r in a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combination o<span class="_ _0"/>f dividend payment<span class="_ _0"/> and share<span class="_ _0"/> buyback. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e di<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>nd p<span class="_ _5"/>o<span class="_ _5"/>li<span class="_ _5"/>c<span class="_ _5"/>y is s<span class="_ _5"/>ubj<span class="_ _5"/>ec<span class="_ _3"/>t to ch<span class="_ _5"/>an<span class="_ _5"/>ge a<span class="_ _5"/>t th<span class="_ _5"/>e di<span class="_ _5"/>s<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cre<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f th<span class="_ _5"/>e Bo<span class="_ _5"/>ar<span class="_ _5"/>d of D<span class="_ _5"/>ire<span class="_ _5"/>c<span class="_ _5"/>to<span class="_ _5"/>r<span class="_ _5"/>s, a<span class="_ _5"/>nd t<span class="_ _5"/>h<span class="_ _5"/>ere c<span class="_ _5"/>an b<span class="_ _5"/>e no </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assurance that<span class="_ _0"/> the Group's performance will<span class="_ _0"/> facilitate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adherence<span class="_ _0"/> to the dividend policy and<span class="_ _0"/> that in any<span class="_ _0"/> given</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">yea<span class="_ _5"/>r a di<span class="_ _5"/>v<span class="_ _5"/>id<span class="_ _5"/>en<span class="_ _5"/>d wi<span class="_ _5"/>ll b<span class="_ _5"/>e pr<span class="_ _5"/>op<span class="_ _5"/>os<span class="_ _5"/>ed o<span class="_ _5"/>r de<span class="_ _5"/>cl<span class="_ _5"/>ar<span class="_ _5"/>ed<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No d<span class="_ _5"/>iv<span class="_ _5"/>i<span class="_ _5"/>de<span class="_ _5"/>nd i<span class="_ _5"/>s pr<span class="_ _5"/>op<span class="_ _5"/>os<span class="_ _5"/>ed to s<span class="_ _5"/>ha<span class="_ _5"/>re<span class="_ _5"/>ho<span class="_ _5"/>ld<span class="_ _5"/>er<span class="_ _5"/>s i<span class="_ _5"/>n 2026. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">HusCompagniet e<span class="_ _0"/>xpec<span class="_ _5"/>ts to ret<span class="_ _0"/>urn to<span class="_ _0"/> paying dividends </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">once the<span class="_ _0"/> leverage<span class="_ _0"/> is back<span class="_ _0"/> below the long-term targe<span class="_ _0"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of 2<span class="_ _5"/>x ne<span class="_ _5"/>t de<span class="_ _5"/>bt to E<span class="_ _5"/>B<span class="_ _5"/>ITDA<span class="_ _3"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.1<span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Shar<span class="_ _0"/>e capital and div<span class="_ _0"/>idends</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:233.796875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 445.859px; top: 0.0136718px; width: 45.2578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Nominal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 532.359px; top: 0.0136718px; width: 43.8633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 12.7637px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 461.609px; top: 12.7637px; width: 27.4629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">value</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 527.375px; top: 12.7637px; width: 46.6582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">of shares</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 47.7168px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7793px; width: 62.0156px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share capital</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.8574px; width: 574.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share capital at 1 January (issued and fully paid up)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.963px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">108,550</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.1816px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">27,710,000</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 101.92px; width: 574.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Increase of share capital</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.728px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 119.998px; width: 573.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share capital at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.549px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">108,550</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.1816px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">27,710,000</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 151.404px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 169.467px; width: 62.0156px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share capital</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 187.545px; width: 574.102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share capital at 1 January (issued and fully paid up)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.963px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">108,550</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.1816px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,710,000</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 205.607px; width: 574.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Increase of share capital</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.728px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 223.686px; width: 573.873px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Share capital at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.549px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">108,550</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.1816px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,710,000</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Company’s<span class="_ _0"/> share capital is<span class="_ _0"/> nominally DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">10<span class="_ _5"/>8<span class="_ _5"/>,55<span class="_ _5"/>0,0<span class="_ _5"/>00, d<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>d in<span class="_ _5"/>to 2<span class="_ _5"/>1<span class="_ _5"/>,71<span class="_ _5"/>0,0<span class="_ _5"/>0<span class="_ _5"/>0 sha<span class="_ _5"/>re<span class="_ _5"/>s of D<span class="_ _5"/>KK 5 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">each or<span class="_ _0"/> multiples hereof (<span class="_ _0"/>unchanged from 2<span class="_ _0"/>02<span class="_ _0"/>4)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dividends</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Company's dividend policy has a<span class="_ _0"/> target initial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _5"/>-<span class="_ _5"/>o<span class="_ _5"/>ut r<span class="_ _5"/>at<span class="_ _5"/>io o<span class="_ _5"/>f ar<span class="_ _5"/>ou<span class="_ _5"/>nd 5<span class="_ _5"/>0% of p<span class="_ _5"/>ro<span class="_ _5"/>f<span class="_ _5"/>it f<span class="_ _5"/>or t<span class="_ _5"/>he y<span class="_ _5"/>ea<span class="_ _5"/>r in a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combination o<span class="_ _0"/>f dividend payment<span class="_ _0"/> and share<span class="_ _0"/> buyback. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e di<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>nd p<span class="_ _5"/>o<span class="_ _5"/>li<span class="_ _5"/>c<span class="_ _5"/>y is s<span class="_ _5"/>ubj<span class="_ _5"/>ec<span class="_ _3"/>t to ch<span class="_ _5"/>an<span class="_ _5"/>ge a<span class="_ _5"/>t th<span class="_ _5"/>e di<span class="_ _5"/>s<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cre<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f th<span class="_ _5"/>e Bo<span class="_ _5"/>ar<span class="_ _5"/>d of D<span class="_ _5"/>ire<span class="_ _5"/>c<span class="_ _5"/>to<span class="_ _5"/>r<span class="_ _5"/>s, a<span class="_ _5"/>nd t<span class="_ _5"/>h<span class="_ _5"/>ere c<span class="_ _5"/>an b<span class="_ _5"/>e no </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assurance that<span class="_ _0"/> the Group's performance will<span class="_ _0"/> facilitate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adherence<span class="_ _0"/> to the dividend policy and<span class="_ _0"/> that in any<span class="_ _0"/> given</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">yea<span class="_ _5"/>r a di<span class="_ _5"/>v<span class="_ _5"/>id<span class="_ _5"/>en<span class="_ _5"/>d wi<span class="_ _5"/>ll b<span class="_ _5"/>e pr<span class="_ _5"/>op<span class="_ _5"/>os<span class="_ _5"/>ed o<span class="_ _5"/>r de<span class="_ _5"/>cl<span class="_ _5"/>ar<span class="_ _5"/>ed<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No d<span class="_ _5"/>iv<span class="_ _5"/>i<span class="_ _5"/>de<span class="_ _5"/>nd i<span class="_ _5"/>s pr<span class="_ _5"/>op<span class="_ _5"/>os<span class="_ _5"/>ed to s<span class="_ _5"/>ha<span class="_ _5"/>re<span class="_ _5"/>ho<span class="_ _5"/>ld<span class="_ _5"/>er<span class="_ _5"/>s i<span class="_ _5"/>n 2026. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">HusCompagniet e<span class="_ _0"/>xpec<span class="_ _5"/>ts to ret<span class="_ _0"/>urn to<span class="_ _0"/> paying dividends </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">once the<span class="_ _0"/> leverage<span class="_ _0"/> is back<span class="_ _0"/> below the long-term targe<span class="_ _0"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of 2<span class="_ _5"/>x ne<span class="_ _5"/>t de<span class="_ _5"/>bt to E<span class="_ _5"/>B<span class="_ _5"/>ITDA<span class="_ _3"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.<span class="_ _3"/>2<span class="_ _5"/><span class="ff48 fc0 lsbc wsc4"> <span class="_ _5c"> </span>T<span class="_ _14"/>rea<span class="_ _5"/>s<span class="_ _5"/>u<span class="_ _5"/>r<span class="_ _3"/>y<span class="_ _3"/> sh<span class="_ _5"/>a<span class="_ _5"/>re<span class="_ _5"/>s</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:130.109375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Number of shares </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 574.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">reasury shares at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 314.449px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 331,589 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">230,303</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 573.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Acquisition of treasury shares</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.432px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">106,851</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 574.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ransfers related to RSU programme</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.742px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-52,422 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.6446px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-5,565</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 574.02px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">reasury shares at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 289.641px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 279,167 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">331,589</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 284.754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Market value of treasury shares based on quoted share price </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 119.998px; width: 573.943px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">, DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.947px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 10,357,096 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.1816px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,892,022</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Un<span class="_ _5"/>ti<span class="_ _5"/>l 8 A<span class="_ _5"/>pr<span class="_ _5"/>il 2027<span class="_ _0"/>, t<span class="_ _5"/>he B<span class="_ _5"/>oar<span class="_ _5"/>d of D<span class="_ _5"/>ir<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>or<span class="_ _5"/>s is a<span class="_ _5"/>ut<span class="_ _5"/>h<span class="_ _5"/>or<span class="_ _5"/>is<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to ap<span class="_ _5"/>pr<span class="_ _5"/>ove t<span class="_ _5"/>he a<span class="_ _5"/>cq<span class="_ _5"/>ui<span class="_ _5"/>si<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f sh<span class="_ _5"/>are<span class="_ _5"/>s (t<span class="_ _5"/>re<span class="_ _5"/>as<span class="_ _5"/>ur<span class="_ _3"/>y sh<span class="_ _5"/>are<span class="_ _5"/>s) </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on one<span class="_ _0"/> or more<span class="_ _0"/> occasions, with a<span class="_ _0"/> total n<span class="_ _0"/>ominal value<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of up t<span class="_ _5"/>o 10<span class="_ _5"/>% of t<span class="_ _5"/>he s<span class="_ _5"/>ha<span class="_ _5"/>re c<span class="_ _5"/>ap<span class="_ _5"/>it<span class="_ _5"/>al o<span class="_ _5"/>f th<span class="_ _5"/>e C<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>ny fr<span class="_ _5"/>om </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ti<span class="_ _5"/>me to t<span class="_ _5"/>i<span class="_ _5"/>me, p<span class="_ _5"/>rov<span class="_ _5"/>i<span class="_ _5"/>de<span class="_ _5"/>d th<span class="_ _5"/>at t<span class="_ _5"/>h<span class="_ _5"/>e Co<span class="_ _5"/>mp<span class="_ _5"/>any<span class="_ _5"/>’s h<span class="_ _5"/>ol<span class="_ _5"/>di<span class="_ _5"/>ng o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tr<span class="_ _5"/>ea<span class="_ _5"/>sur<span class="_ _3"/>y sh<span class="_ _5"/>are<span class="_ _5"/>s af<span class="_ _3"/>ter s<span class="_ _5"/>uc<span class="_ _5"/>h ac<span class="_ _5"/>qu<span class="_ _5"/>is<span class="_ _5"/>it<span class="_ _5"/>io<span class="_ _5"/>n do<span class="_ _5"/>es n<span class="_ _5"/>ot ex-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cee<span class="_ _5"/>d 1<span class="_ _5"/>0% o<span class="_ _5"/>f th<span class="_ _5"/>e sh<span class="_ _5"/>are c<span class="_ _5"/>ap<span class="_ _5"/>i<span class="_ _5"/>ta<span class="_ _5"/>l. T<span class="_ _5"/>he co<span class="_ _5"/>ns<span class="_ _5"/>id<span class="_ _5"/>er<span class="_ _5"/>at<span class="_ _5"/>i<span class="_ _5"/>on p<span class="_ _5"/>aid </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for s<span class="_ _5"/>uc<span class="_ _5"/>h sh<span class="_ _5"/>ar<span class="_ _5"/>es m<span class="_ _5"/>ay no<span class="_ _5"/>t dev<span class="_ _5"/>i<span class="_ _5"/>ate b<span class="_ _5"/>y mo<span class="_ _5"/>re t<span class="_ _5"/>ha<span class="_ _5"/>n 10<span class="_ _5"/>% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from the<span class="_ _0"/> off<span class="_ _5"/>icial price<span class="_ _0"/> quoted<span class="_ _0"/> on Nasdaq Copenhagen<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at t<span class="_ _5"/>he d<span class="_ _5"/>ate o<span class="_ _5"/>f t<span class="_ _5"/>he ac<span class="_ _5"/>qu<span class="_ _5"/>is<span class="_ _5"/>it<span class="_ _5"/>io<span class="_ _5"/>n as d<span class="_ _5"/>et<span class="_ _5"/>er<span class="_ _5"/>mi<span class="_ _5"/>ne<span class="_ _5"/>d by t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bo<span class="_ _5"/>ard o<span class="_ _5"/>f Di<span class="_ _5"/>re<span class="_ _5"/>c<span class="_ _5"/>to<span class="_ _5"/>rs<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>hi<span class="_ _5"/>s au<span class="_ _5"/>t<span class="_ _5"/>ho<span class="_ _5"/>ri<span class="_ _5"/>sa<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>, t<span class="_ _5"/>he B<span class="_ _5"/>oa<span class="_ _5"/>rd of D<span class="_ _5"/>ir<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>or<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ha<span class="_ _5"/>s au<span class="_ _5"/>th<span class="_ _5"/>or<span class="_ _5"/>is<span class="_ _5"/>ed t<span class="_ _5"/>h<span class="_ _5"/>e Ex<span class="_ _5"/>ec<span class="_ _5"/>ut<span class="_ _5"/>i<span class="_ _5"/>ve Ma<span class="_ _5"/>na<span class="_ _5"/>ge<span class="_ _5"/>me<span class="_ _5"/>nt t<span class="_ _5"/>o in<span class="_ _5"/>it<span class="_ _5"/>ia<span class="_ _5"/>te </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sh<span class="_ _5"/>are b<span class="_ _5"/>u<span class="_ _5"/>y-<span class="_ _5"/>b<span class="_ _5"/>ac<span class="_ _5"/>ks o<span class="_ _5"/>f tre<span class="_ _5"/>as<span class="_ _5"/>ur<span class="_ _3"/>y sh<span class="_ _5"/>are<span class="_ _5"/>s to f<span class="_ _5"/>ul<span class="_ _5"/>ly c<span class="_ _5"/>ove<span class="_ _5"/>r th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company’s<span class="_ _0"/> obligations under its long-term inc<span class="_ _0"/>entive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">programme. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>rea<span class="_ _5"/>su<span class="_ _5"/>r<span class="_ _5"/>y sh<span class="_ _5"/>ar<span class="_ _5"/>es a<span class="_ _5"/>re he<span class="_ _5"/>ld f<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>u<span class="_ _5"/>rp<span class="_ _5"/>os<span class="_ _5"/>es of c<span class="_ _5"/>an<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cellation and<span class="_ _0"/> of HusCompagni<span class="_ _0"/>et's commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">un<span class="_ _5"/>de<span class="_ _5"/>r RS<span class="_ _5"/>U in<span class="_ _5"/>cen<span class="_ _5"/>ti<span class="_ _5"/>ve p<span class="_ _5"/>ro<span class="_ _5"/>gr<span class="_ _5"/>am<span class="_ _5"/>me<span class="_ _5"/>s. I<span class="_ _5"/>n 2025, n<span class="_ _5"/>o sh<span class="_ _5"/>ar<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bu<span class="_ _5"/>y-<span class="_ _5"/>b<span class="_ _5"/>ac<span class="_ _5"/>k wa<span class="_ _5"/>s in<span class="_ _5"/>it<span class="_ _5"/>ia<span class="_ _5"/>te<span class="_ _5"/>d. I<span class="_ _5"/>n 2024, a sh<span class="_ _5"/>are b<span class="_ _5"/>u<span class="_ _5"/>y-<span class="_ _5"/>b<span class="_ _5"/>ac<span class="_ _5"/>k of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">10<span class="_ _5"/>6<span class="_ _5"/>,8<span class="_ _5"/>51 sha<span class="_ _5"/>re<span class="_ _5"/>s wa<span class="_ _5"/>s com<span class="_ _5"/>pl<span class="_ _5"/>et<span class="_ _5"/>ed a<span class="_ _5"/>nd a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>ted t<span class="_ _5"/>o DK<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5.9 million.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.<span class="_ _5"/>3<span class="ff48 fc0 lsb5 wsbb"> <span class="_ _183"> </span>Net<span class="_ _5"/> inter<span class="_ _0"/>est-b<span class="_ _5"/>ear<span class="_ _5"/>ing<span class="_ _5"/> debt</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 20<span class="_ _0"/>25,<span class="_ _0"/> HusCompagniet has<span class="_ _0"/> extended its loan<span class="_ _0"/> agree<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt w<span class="_ _5"/>it<span class="_ _5"/>h Da<span class="_ _5"/>ns<span class="_ _5"/>ke Ba<span class="_ _5"/>nk a<span class="_ _5"/>nd N<span class="_ _5"/>o<span class="_ _5"/>rd<span class="_ _5"/>ea to 2028<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The bank<span class="_ _0"/> loan, classified as a<span class="_ _0"/> non-<span class="_ _5"/>current liability, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arises from<span class="_ _0"/> a loan agr<span class="_ _0"/>eement where settlement is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contingent on c<span class="_ _0"/>ompliance with future<span class="_ _0"/> covenants. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 24 Oc<span class="_ _3"/>tob<span class="_ _5"/>er 2025<span class="_ _5"/>, Hu<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>gn<span class="_ _5"/>ie<span class="_ _5"/>t ha<span class="_ _5"/>s en<span class="_ _5"/>te<span class="_ _5"/>red a<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreement with Dansk<span class="_ _0"/>e Bank and<span class="_ _0"/> Nordea to<span class="_ _0"/> increase </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the leverage<span class="_ _0"/> covenant<span class="_ _0"/> for the Group<span class="_ _0"/>’s<span class="_ _0"/> existing and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other<span class="_ _5"/>wise unchanged facilities<span class="_ _0"/> agreement. In Q4 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2026, t<span class="_ _5"/>he l<span class="_ _5"/>eve<span class="_ _5"/>ra<span class="_ _5"/>ge c<span class="_ _5"/>over<span class="_ _5"/>na<span class="_ _5"/>nt w<span class="_ _5"/>i<span class="_ _5"/>ll re<span class="_ _5"/>tu<span class="_ _5"/>rn to p<span class="_ _5"/>re<span class="_ _5"/>vi<span class="_ _5"/>ou<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">level<span class="_ _0"/> of 3.5x</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">According<span class="_ _0"/> to HusCompagniet’s<span class="_ _0"/> facilities agreement, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the banks may<span class="_ _0"/> demand immediate<span class="_ _0"/> repayment of<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">full nominal<span class="_ _0"/> amount if the net<span class="_ _0"/> interest-bearing debt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">di<span class="_ _5"/>v<span class="_ _5"/>id<span class="_ _5"/>ed by t<span class="_ _5"/>h<span class="_ _5"/>e la<span class="_ _5"/>st t<span class="_ _5"/>w<span class="_ _5"/>el<span class="_ _5"/>ve m<span class="_ _5"/>on<span class="_ _5"/>th<span class="_ _5"/>s a<span class="_ _5"/>dj<span class="_ _5"/>us<span class="_ _5"/>te<span class="_ _5"/>d EB<span class="_ _5"/>IT<span class="_ _5"/>DA </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exce<span class="_ _5"/>ed<span class="_ _5"/>s th<span class="_ _5"/>e ag<span class="_ _5"/>re<span class="_ _5"/>ed q<span class="_ _5"/>ua<span class="_ _5"/>r<span class="_ _5"/>te<span class="_ _5"/>rl<span class="_ _5"/>y r<span class="_ _5"/>at<span class="_ _5"/>io. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The agreed<span class="_ _0"/> quar<span class="_ _5"/>terly ratios vary over<span class="_ _0"/> the loan<span class="_ _0"/> period </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to ref<span class="_ _3"/>le<span class="_ _5"/>c<span class="_ _5"/>t th<span class="_ _5"/>e G<span class="_ _5"/>rou<span class="_ _5"/>p<span class="_ _5"/>s ac<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s an<span class="_ _5"/>d exp<span class="_ _5"/>ec<span class="_ _3"/>ted c<span class="_ _5"/>a<span class="_ _5"/>sh </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f<span class="_ _5"/>lo<span class="_ _5"/>ws<span class="_ _5"/>. Th<span class="_ _5"/>e ag<span class="_ _5"/>re<span class="_ _5"/>ed r<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>s are s<span class="_ _5"/>ub<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t to c<span class="_ _5"/>ha<span class="_ _5"/>ng<span class="_ _5"/>e if ce<span class="_ _5"/>r-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tain business<span class="_ _0"/> conditions such<span class="_ _0"/> as inv<span class="_ _0"/>estment in land<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pl<span class="_ _5"/>ot<span class="_ _5"/>s o<span class="_ _5"/>ccu<span class="_ _5"/>r. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> continually monitors the need<span class="_ _0"/> of liquidity.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At 3<span class="_ _5"/>1 De<span class="_ _5"/>cem<span class="_ _5"/>b<span class="_ _5"/>er 2025, t<span class="_ _5"/>h<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s an u<span class="_ _5"/>nd<span class="_ _5"/>raw<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cre<span class="_ _5"/>di<span class="_ _5"/>t f<span class="_ _5"/>aci<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>y o<span class="_ _5"/>f DK<span class="_ _5"/>K 250 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on to e<span class="_ _5"/>ns<span class="_ _5"/>ur<span class="_ _5"/>e th<span class="_ _5"/>at t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p is a<span class="_ _5"/>bl<span class="_ _5"/>e to m<span class="_ _5"/>ee<span class="_ _5"/>t it<span class="_ _5"/>s o<span class="_ _5"/>bl<span class="_ _5"/>ig<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns (<span class="_ _5"/>2024: DK<span class="_ _5"/>K 250 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Net inter<span class="_ _0"/>est-bearing debt consists of<span class="_ _0"/> the below<span class="_ _0"/> components and has<span class="_ _0"/> developed as<span class="_ _0"/> illustrated in<span class="_ _0"/> 202<span class="_ _0"/>5 and<span class="_ _0"/> 20<span class="_ _0"/>2<span class="_ _0"/>4.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:498.125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 527.797px; top: 0.0449218px; width: 32.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1005.17px; top: 0.0136718px; width: 32.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 493.812px; top: 12.7949px; width: 65.2852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">movements, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 972.25px; top: 12.748px; width: 65.2852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">movements, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 192.219px; top: 25.5762px; width: 46.5352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 482.016px; top: 25.5449px; width: 78.0352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amortised cost </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 670.672px; top: 25.5293px; width: 46.5352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 960.938px; top: 25.498px; width: 78.0352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amortised cost </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1146.88px; top: 25.4824px; width: 46.5352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 188.078px; top: 38.3262px; width: 51.75px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount 1 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 322.422px; top: 38.3105px; width: 70.1602px; white-space: pre; word-spacing: -0.2025px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additional lia</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">-</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 488.016px; top: 38.2949px; width: 69.5391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">and reassess-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 675.328px; top: 38.2793px; width: 41.6836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 801.938px; top: 38.2637px; width: 70.1602px; white-space: pre; word-spacing: -0.2025px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additional lia</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">-</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 965.797px; top: 38.248px; width: 69.5391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">and reassess-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1151.55px; top: 38.2324px; width: 41.6836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 194.859px; top: 51.0762px; width: 43.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">January </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 332.047px; top: 51.0605px; width: 63.5625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">bility during </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 442.047px; top: 51.0605px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 488.016px; top: 51.0449px; width: 71.666px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ment of lease </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 596.047px; top: 51.0449px; width: 41.9766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Foreign </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 644.781px; top: 51.0293px; width: 72.3633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 810.953px; top: 51.0137px; width: 63.5625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">bility during </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 921.094px; top: 51.0137px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 965.797px; top: 50.998px; width: 71.666px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ment of lease </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1073.28px; top: 50.998px; width: 41.9766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Foreign </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1121.05px; top: 50.9824px; width: 72.3633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 63.8262px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 207.938px; top: 63.8105px; width: 106.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.5391px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Repayments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 352.062px; top: 63.8105px; width: 41.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">the year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 418.438px; top: 63.8105px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">cash flows</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 490.828px; top: 63.7793px; width: 66.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities etc.</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 587.312px; top: 63.7793px; width: 48.9551px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xchange</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 686.281px; top: 63.7793px; width: 106.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.5391px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Repayments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 830.219px; top: 63.7637px; width: 41.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">the year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 896.797px; top: 63.7637px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">cash flows</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 968.703px; top: 63.7324px; width: 66.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities etc.</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1062.39px; top: 63.7324px; width: 48.9551px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xchange</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1161.64px; top: 63.7324px; width: 28.0371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 98.7793px; width: 100.277px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest-bearing debt</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 116.842px; width: 1190.39px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank loans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 142.588px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 497,075 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 675 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 497,750 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">675</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.254px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.508px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">498,425</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 134.92px; width: 1190.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Mortgages</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.31px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 9,733 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-913 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 8,820 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-961</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.254px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,860</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 152.982px; width: 1190.61px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 140.877px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,808 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-913 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 675 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 506,570 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-961</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">675</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.254px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">506,285</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 171.061px; width: 1190.47px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.82px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 72,745 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.508px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-21,099 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,023 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 3,673 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 65,332 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-24,336</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,332</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,757</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,613</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">68,699</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 189.123px; width: 1190.54px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest-bearing debt</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.125px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 579,553 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-22,012 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.9748px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,023 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.688px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.688px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 4,348 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.1836px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 571,902 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-25,297</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,332</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,432</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,613</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">574,984</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 220.529px; width: 108.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest-bearing assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 238.607px; width: 1190.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash and cash equivalents</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 223,454 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 75,924 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.1074px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 1,212 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.7598px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 300,590 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">76,577</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">340</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.508px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">377,507</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 256.67px; width: 1190.39px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest-bearing assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.5877px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 223,454 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.688px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.688px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.688px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 75,924 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.1074px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.688px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.688px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 1,212 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.7871px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 300,590 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">76,577</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">340</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">377,507</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 292.826px; width: 1190.38px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net interest-bearing debt / (assets)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.6484px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 356,099 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-22,012 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,023 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-75,924 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,348</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,222 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.7871px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 271,312</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.9844px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-25,297</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,332</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.9844px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-76,577</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,432</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,273</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">197,477</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 670.672px; top: 324.467px; width: 46.5352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1146.88px; top: 324.451px; width: 46.5352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 675.328px; top: 337.217px; width: 41.6836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1151.55px; top: 337.201px; width: 41.6836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 276.188px; top: 349.967px; width: 41.7598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 349.967px; width: 45.5332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 429.406px; top: 349.967px; width: 45.4395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Nominal </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 496.172px; top: 349.967px; width: 64.1953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 596.047px; top: 349.967px; width: 41.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 644.781px; top: 349.951px; width: 72.3633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 753.266px; top: 349.951px; width: 41.7598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 829.219px; top: 349.951px; width: 45.5332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 906.828px; top: 349.951px; width: 45.4395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Nominal </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 974.938px; top: 349.951px; width: 64.1953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1073.28px; top: 349.951px; width: 41.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1121.05px; top: 349.951px; width: 72.3633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 362.717px; width: 236.273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.641px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Currency</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.453px; top: 362.717px; width: 20.1855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rate</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 330.578px; top: 362.717px; width: 61.8867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">interest rate</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 362.717px; width: 27.4629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">value</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 511px; top: 362.717px; width: 45.1699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 590.219px; top: 362.717px; width: 45.1699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 686.281px; top: 362.701px; width: 28.0371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 772.797px; top: 362.701px; width: 20.1855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rate</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 809.75px; top: 362.701px; width: 61.8867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">interest rate</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 922.422px; top: 362.701px; width: 27.4629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">value</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 989.641px; top: 362.701px; width: 45.1699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1066.61px; top: 362.701px; width: 45.1699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1161.64px; top: 362.686px; width: 28.0371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 397.67px; width: 100.277px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest-bearing debt</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 415.732px; width: 1190.44px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank loans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.487px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 500,000 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 497,750 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 497,750 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.664px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">500,000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">498,425</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.254px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.508px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">498,425</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 433.811px; width: 1190.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Mortgages</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 386.074px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,907 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3185px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7,884 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 936 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 8,820 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 199.295px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,603</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,955</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">905</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,860</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.873px; width: 1190.31px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.453px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.0469px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Floating rate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5.88%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 511,907 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,634 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 936 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.1406px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,570 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.1758px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Floating rate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 8.39062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4.36%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">510,603</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">505,380</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">905</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.508px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">506,285</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 469.951px; width: 1190.44px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 146.086px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.7598px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Fixed rate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5.57%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 72,899 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 42,283 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23,049 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 65,332 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6914px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Fix</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ed rate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5.90%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">76,292</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,856</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">26,843</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">68,699</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 488.014px; width: 1190.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest-bearing debt</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.065px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 584,806 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 547,917 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.9748px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23,985 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.7871px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 571,902</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.664px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">586,895</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">547,236</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">27,748</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">574,984</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.<span class="_ _5"/>3<span class="ff48 fc0 lsb5 wsbb"> <span class="_ _183"> </span>Net<span class="_ _5"/> inter<span class="_ _0"/>est-b<span class="_ _5"/>ear<span class="_ _5"/>ing<span class="_ _5"/> debt</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 20<span class="_ _0"/>25,<span class="_ _0"/> HusCompagniet has<span class="_ _0"/> extended its loan<span class="_ _0"/> agree<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">me<span class="_ _5"/>nt w<span class="_ _5"/>it<span class="_ _5"/>h Da<span class="_ _5"/>ns<span class="_ _5"/>ke Ba<span class="_ _5"/>nk a<span class="_ _5"/>nd N<span class="_ _5"/>o<span class="_ _5"/>rd<span class="_ _5"/>ea to 2028<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The bank<span class="_ _0"/> loan, classified as a<span class="_ _0"/> non-<span class="_ _5"/>current liability, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arises from<span class="_ _0"/> a loan agr<span class="_ _0"/>eement where settlement is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contingent on c<span class="_ _0"/>ompliance with future<span class="_ _0"/> covenants. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 24 Oc<span class="_ _3"/>tob<span class="_ _5"/>er 2025<span class="_ _5"/>, Hu<span class="_ _5"/>sC<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>gn<span class="_ _5"/>ie<span class="_ _5"/>t ha<span class="_ _5"/>s en<span class="_ _5"/>te<span class="_ _5"/>red a<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreement with Dansk<span class="_ _0"/>e Bank and<span class="_ _0"/> Nordea to<span class="_ _0"/> increase </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the leverage<span class="_ _0"/> covenant<span class="_ _0"/> for the Group<span class="_ _0"/>’s<span class="_ _0"/> existing and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other<span class="_ _5"/>wise unchanged facilities<span class="_ _0"/> agreement. In Q4 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2026, t<span class="_ _5"/>he l<span class="_ _5"/>eve<span class="_ _5"/>ra<span class="_ _5"/>ge c<span class="_ _5"/>over<span class="_ _5"/>na<span class="_ _5"/>nt w<span class="_ _5"/>i<span class="_ _5"/>ll re<span class="_ _5"/>tu<span class="_ _5"/>rn to p<span class="_ _5"/>re<span class="_ _5"/>vi<span class="_ _5"/>ou<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">level<span class="_ _0"/> of 3.5x</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">According<span class="_ _0"/> to HusCompagniet’s<span class="_ _0"/> facilities agreement, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the banks may<span class="_ _0"/> demand immediate<span class="_ _0"/> repayment of<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">full nominal<span class="_ _0"/> amount if the net<span class="_ _0"/> interest-bearing debt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">di<span class="_ _5"/>v<span class="_ _5"/>id<span class="_ _5"/>ed by t<span class="_ _5"/>h<span class="_ _5"/>e la<span class="_ _5"/>st t<span class="_ _5"/>w<span class="_ _5"/>el<span class="_ _5"/>ve m<span class="_ _5"/>on<span class="_ _5"/>th<span class="_ _5"/>s a<span class="_ _5"/>dj<span class="_ _5"/>us<span class="_ _5"/>te<span class="_ _5"/>d EB<span class="_ _5"/>IT<span class="_ _5"/>DA </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exce<span class="_ _5"/>ed<span class="_ _5"/>s th<span class="_ _5"/>e ag<span class="_ _5"/>re<span class="_ _5"/>ed q<span class="_ _5"/>ua<span class="_ _5"/>r<span class="_ _5"/>te<span class="_ _5"/>rl<span class="_ _5"/>y r<span class="_ _5"/>at<span class="_ _5"/>io. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The agreed<span class="_ _0"/> quar<span class="_ _5"/>terly ratios vary over<span class="_ _0"/> the loan<span class="_ _0"/> period </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to ref<span class="_ _3"/>le<span class="_ _5"/>c<span class="_ _5"/>t th<span class="_ _5"/>e G<span class="_ _5"/>rou<span class="_ _5"/>p<span class="_ _5"/>s ac<span class="_ _5"/>t<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s an<span class="_ _5"/>d exp<span class="_ _5"/>ec<span class="_ _3"/>ted c<span class="_ _5"/>a<span class="_ _5"/>sh </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f<span class="_ _5"/>lo<span class="_ _5"/>ws<span class="_ _5"/>. Th<span class="_ _5"/>e ag<span class="_ _5"/>re<span class="_ _5"/>ed r<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>s are s<span class="_ _5"/>ub<span class="_ _5"/>je<span class="_ _5"/>c<span class="_ _5"/>t to c<span class="_ _5"/>ha<span class="_ _5"/>ng<span class="_ _5"/>e if ce<span class="_ _5"/>r-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tain business<span class="_ _0"/> conditions such<span class="_ _0"/> as inv<span class="_ _0"/>estment in land<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pl<span class="_ _5"/>ot<span class="_ _5"/>s o<span class="_ _5"/>ccu<span class="_ _5"/>r. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> continually monitors the need<span class="_ _0"/> of liquidity.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At 3<span class="_ _5"/>1 De<span class="_ _5"/>cem<span class="_ _5"/>b<span class="_ _5"/>er 2025, t<span class="_ _5"/>h<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s an u<span class="_ _5"/>nd<span class="_ _5"/>raw<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cre<span class="_ _5"/>di<span class="_ _5"/>t f<span class="_ _5"/>aci<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>y o<span class="_ _5"/>f DK<span class="_ _5"/>K 250 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on to e<span class="_ _5"/>ns<span class="_ _5"/>ur<span class="_ _5"/>e th<span class="_ _5"/>at t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p is a<span class="_ _5"/>bl<span class="_ _5"/>e to m<span class="_ _5"/>ee<span class="_ _5"/>t it<span class="_ _5"/>s o<span class="_ _5"/>bl<span class="_ _5"/>ig<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns (<span class="_ _5"/>2024: DK<span class="_ _5"/>K 250 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Net inter<span class="_ _0"/>est-bearing debt consists of<span class="_ _0"/> the below<span class="_ _0"/> components and has<span class="_ _0"/> developed as<span class="_ _0"/> illustrated in<span class="_ _0"/> 202<span class="_ _0"/>5 and<span class="_ _0"/> 20<span class="_ _0"/>2<span class="_ _0"/>4.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:498.125px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 527.797px; top: 0.0449218px; width: 32.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1005.17px; top: 0.0136718px; width: 32.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 493.812px; top: 12.7949px; width: 65.2852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">movements, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 972.25px; top: 12.748px; width: 65.2852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">movements, </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 192.219px; top: 25.5762px; width: 46.5352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 482.016px; top: 25.5449px; width: 78.0352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amortised cost </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 670.672px; top: 25.5293px; width: 46.5352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 960.938px; top: 25.498px; width: 78.0352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amortised cost </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1146.88px; top: 25.4824px; width: 46.5352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 188.078px; top: 38.3262px; width: 51.75px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount 1 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 322.422px; top: 38.3105px; width: 70.1602px; white-space: pre; word-spacing: -0.2025px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additional lia</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">-</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 488.016px; top: 38.2949px; width: 69.5391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">and reassess-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 675.328px; top: 38.2793px; width: 41.6836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 801.938px; top: 38.2637px; width: 70.1602px; white-space: pre; word-spacing: -0.2025px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Additional lia</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">-</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 965.797px; top: 38.248px; width: 69.5391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">and reassess-</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1151.55px; top: 38.2324px; width: 41.6836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 194.859px; top: 51.0762px; width: 43.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">January </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 332.047px; top: 51.0605px; width: 63.5625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">bility during </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 442.047px; top: 51.0605px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 488.016px; top: 51.0449px; width: 71.666px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ment of lease </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 596.047px; top: 51.0449px; width: 41.9766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Foreign </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 644.781px; top: 51.0293px; width: 72.3633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 810.953px; top: 51.0137px; width: 63.5625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">bility during </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 921.094px; top: 51.0137px; width: 31.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 965.797px; top: 50.998px; width: 71.666px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">ment of lease </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1073.28px; top: 50.998px; width: 41.9766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Foreign </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1121.05px; top: 50.9824px; width: 72.3633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 63.8262px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 207.938px; top: 63.8105px; width: 106.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.5391px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Repayments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 352.062px; top: 63.8105px; width: 41.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">the year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 418.438px; top: 63.8105px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">cash flows</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 490.828px; top: 63.7793px; width: 66.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities etc.</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 587.312px; top: 63.7793px; width: 48.9551px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xchange</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 686.281px; top: 63.7793px; width: 106.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.5391px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Repayments</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 830.219px; top: 63.7637px; width: 41.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">the year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 896.797px; top: 63.7637px; width: 53.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">cash flows</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 968.703px; top: 63.7324px; width: 66.5684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities etc.</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1062.39px; top: 63.7324px; width: 48.9551px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">xchange</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1161.64px; top: 63.7324px; width: 28.0371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 98.7793px; width: 100.277px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest-bearing debt</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 116.842px; width: 1190.39px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank loans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 142.588px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 497,075 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 675 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 497,750 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">675</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.254px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.508px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">498,425</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 134.92px; width: 1190.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Mortgages</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.31px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 9,733 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-913 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 8,820 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-961</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.254px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,860</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 152.982px; width: 1190.61px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 140.877px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,808 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-913 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 675 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 506,570 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-961</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">675</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.254px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">506,285</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 171.061px; width: 1190.47px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.82px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 72,745 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.508px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-21,099 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,023 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 3,673 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 65,332 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-24,336</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,332</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,757</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,613</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">68,699</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 189.123px; width: 1190.54px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest-bearing debt</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.125px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 579,553 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-22,012 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.9748px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,023 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.688px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.688px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 4,348 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,010 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.1836px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 571,902 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-25,297</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,332</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,432</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,613</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">574,984</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 220.529px; width: 108.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest-bearing assets</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 238.607px; width: 1190.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash and cash equivalents</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 223,454 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 75,924 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.1074px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 1,212 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.7598px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 300,590 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">76,577</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">340</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.508px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">377,507</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 256.67px; width: 1190.39px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest-bearing assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.5877px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 223,454 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.688px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.688px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.688px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 75,924 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.1074px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.688px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.688px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.8457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 1,212 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.7871px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 300,590 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.1114px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">76,577</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">340</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">377,507</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 292.826px; width: 1190.38px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net interest-bearing debt / (assets)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.6484px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 356,099 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-22,012 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,023 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-75,924 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,348</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-2,222 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.7871px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 271,312</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.9844px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-25,297</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21,332</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.9844px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-76,577</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,432</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,273</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">197,477</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 670.672px; top: 324.467px; width: 46.5352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1146.88px; top: 324.451px; width: 46.5352px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 675.328px; top: 337.217px; width: 41.6836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1151.55px; top: 337.201px; width: 41.6836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 276.188px; top: 349.967px; width: 41.7598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 349.967px; width: 45.5332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 429.406px; top: 349.967px; width: 45.4395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Nominal </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 496.172px; top: 349.967px; width: 64.1953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 596.047px; top: 349.967px; width: 41.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 644.781px; top: 349.951px; width: 72.3633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 753.266px; top: 349.951px; width: 41.7598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 829.219px; top: 349.951px; width: 45.5332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Average </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 906.828px; top: 349.951px; width: 45.4395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Nominal </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 974.938px; top: 349.951px; width: 64.1953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-current </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1073.28px; top: 349.951px; width: 41.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1121.05px; top: 349.951px; width: 72.3633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">31 December </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 362.717px; width: 236.273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.641px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Currency</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 294.453px; top: 362.717px; width: 20.1855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rate</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 330.578px; top: 362.717px; width: 61.8867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">interest rate</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 444.906px; top: 362.717px; width: 27.4629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">value</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 511px; top: 362.717px; width: 45.1699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 590.219px; top: 362.717px; width: 45.1699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 686.281px; top: 362.701px; width: 28.0371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 772.797px; top: 362.701px; width: 20.1855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">rate</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 809.75px; top: 362.701px; width: 61.8867px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">interest rate</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 922.422px; top: 362.701px; width: 27.4629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">value</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 989.641px; top: 362.701px; width: 45.1699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1066.61px; top: 362.701px; width: 45.1699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 1161.64px; top: 362.686px; width: 28.0371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 397.67px; width: 100.277px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest-bearing debt</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 415.732px; width: 1190.44px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank loans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.487px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 500,000 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 497,750 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 497,750 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.664px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">500,000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">498,425</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.254px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.508px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">498,425</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 433.811px; width: 1190.43px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Mortgages</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 386.074px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,907 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.3185px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7,884 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 936 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 8,820 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 199.295px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,603</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,955</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">905</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">7,860</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 451.873px; width: 1190.31px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.453px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.0469px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Floating rate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.8221px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5.88%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.7363px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 511,907 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,634 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 936 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.1406px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,570 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.1758px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Floating rate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 8.39062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4.36%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">510,603</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">505,380</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.873px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">905</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.508px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">506,285</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 469.951px; width: 1190.44px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 146.086px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.7598px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Fixed rate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5.57%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 72,899 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 42,283 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23,049 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 65,332 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6914px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Fix</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ed rate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5.90%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.9355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">76,292</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">41,856</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">26,843</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">68,699</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 488.014px; width: 1190.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest-bearing debt</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.065px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 584,806 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.4179px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 547,917 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.9748px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23,985 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.7871px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 571,902</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.664px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">586,895</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.131px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">547,236</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.0332px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">27,748</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.8086px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">574,984</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.<span class="_ _5"/>5<span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Financi<span class="_ _0"/>al income and expenses</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:275.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 80.2148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest received from banks</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.463px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,353 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,945</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate gains</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 389.355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">-8</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 574.195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 65 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">247</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 574.254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 354.193px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,418 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,184</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 138.654px; width: 90.4102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 156.717px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest paid to banks</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.705px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">23,138 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,966</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 174.795px; width: 574.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.152px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,935 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,851</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 192.857px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,816 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">91</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 210.936px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.145px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,335 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,078</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 228.998px; width: 574.09px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Extraordinary interest on tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 332.133px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,245 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 247.076px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.482px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,469 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">48,986</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 265.139px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net financials</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.519px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-43,051 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-46,802</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.<span class="_ _5"/>5<span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Financi<span class="_ _0"/>al income and expenses</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:275.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 80.2148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest received from banks</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.463px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,353 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,945</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate gains</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 389.355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">-8</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 574.195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 65 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">247</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 574.254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 354.193px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,418 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,184</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 138.654px; width: 90.4102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 156.717px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest paid to banks</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.705px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">23,138 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,966</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 174.795px; width: 574.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.152px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,935 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,851</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 192.857px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,816 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">91</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 210.936px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.145px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,335 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,078</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 228.998px; width: 574.09px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Extraordinary interest on tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 332.133px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,245 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 247.076px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.482px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,469 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">48,986</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 265.139px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net financials</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.519px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-43,051 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-46,802</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.<span class="_ _5"/>5<span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Financi<span class="_ _0"/>al income and expenses</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:275.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 80.2148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest received from banks</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.463px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,353 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,945</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate gains</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 389.355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">-8</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 574.195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 65 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">247</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 574.254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 354.193px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,418 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,184</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 138.654px; width: 90.4102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 156.717px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest paid to banks</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.705px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">23,138 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,966</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 174.795px; width: 574.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.152px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,935 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,851</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 192.857px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,816 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">91</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 210.936px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.145px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,335 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,078</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 228.998px; width: 574.09px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Extraordinary interest on tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 332.133px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,245 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 247.076px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.482px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,469 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">48,986</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 265.139px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net financials</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.519px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-43,051 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-46,802</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.<span class="_ _5"/>5<span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Financi<span class="_ _0"/>al income and expenses</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:275.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 80.2148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest received from banks</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.463px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,353 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,945</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate gains</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 389.355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">-8</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 574.195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 65 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">247</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 574.254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 354.193px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,418 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,184</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 138.654px; width: 90.4102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 156.717px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest paid to banks</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.705px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">23,138 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,966</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 174.795px; width: 574.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.152px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,935 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,851</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 192.857px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,816 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">91</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 210.936px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.145px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,335 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,078</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 228.998px; width: 574.09px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Extraordinary interest on tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 332.133px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,245 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 247.076px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.482px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,469 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">48,986</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 265.139px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net financials</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.519px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-43,051 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-46,802</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.<span class="_ _5"/>5<span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Financi<span class="_ _0"/>al income and expenses</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:275.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 80.2148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest received from banks</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.463px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,353 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,945</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate gains</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 389.355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">-8</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 574.195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 65 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">247</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 574.254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 354.193px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,418 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,184</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 138.654px; width: 90.4102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 156.717px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest paid to banks</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.705px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">23,138 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,966</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 174.795px; width: 574.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.152px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,935 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,851</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 192.857px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,816 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">91</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 210.936px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.145px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,335 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,078</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 228.998px; width: 574.09px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Extraordinary interest on tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 332.133px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,245 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 247.076px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.482px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,469 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">48,986</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 265.139px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net financials</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.519px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-43,051 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-46,802</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.<span class="_ _5"/>5<span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Financi<span class="_ _0"/>al income and expenses</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:275.25px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 80.2148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial income</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest received from banks</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.463px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,353 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,945</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.68px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate gains</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 389.355px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 75.2696px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;">-8</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 574.195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.236px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 65 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">247</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 574.254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 354.193px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,418 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,184</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 138.654px; width: 90.4102px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Financial expenses</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 156.717px; width: 574.301px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest paid to banks</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 355.705px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">23,138 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,966</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 174.795px; width: 574.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Interest lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 357.152px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,935 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,851</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 192.857px; width: 573.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange rate losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,816 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.8498px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">91</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 210.936px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.145px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,335 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.7852px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,078</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 228.998px; width: 574.09px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Extraordinary interest on tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 332.133px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,245 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.8029px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 247.076px; width: 573.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal financial expenses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.482px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,469 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">48,986</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 265.139px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net financials</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.519px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-43,051 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.5409px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-46,802</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.<span class="_ _5"/>6<span class="ff48 fc0 ls72 wsc8"> <span class="_ _183"> </span>T<span class="_ _2"/>r<span class="_ _0"/>ade payables </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:99.28125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 74.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade payables </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 574.277px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade payables </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 373.506px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 417,598 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5216px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">311,354</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Accrued trade payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.289px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 87,997 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">67,439</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 573.756px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal trade payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 348.252px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4123px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">378,793</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.7<span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Financial ris<span class="_ _0"/>k managemen<span class="_ _0"/>t</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Capital struc<span class="_ _5"/>ture</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The capital structure is unchanged<span class="_ _0"/> in 20<span class="_ _0"/>25.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/>’s<span class="_ _0"/> ac<span class="_ _5"/>tivit<span class="_ _5"/>ies and<span class="_ _0"/> capital struc<span class="_ _5"/>ture are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exp<span class="_ _5"/>os<span class="_ _5"/>ed t<span class="_ _5"/>o a va<span class="_ _5"/>ri<span class="_ _5"/>et<span class="_ _5"/>y o<span class="_ _5"/>f f<span class="_ _5"/>in<span class="_ _5"/>an<span class="_ _5"/>ci<span class="_ _5"/>al r<span class="_ _5"/>is<span class="_ _5"/>ks: M<span class="_ _5"/>a<span class="_ _5"/>rket r<span class="_ _5"/>i<span class="_ _5"/>sk<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(including currency risk, inter<span class="_ _0"/>est rate risk<span class="_ _0"/> and price<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">risk), credit<span class="_ _0"/> risk and liquidity risk. Group Management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">oversees the<span class="_ _0"/> management of these<span class="_ _0"/> risks in ac<span class="_ _0"/>cord<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ance with the<span class="_ _0"/> Group’<span class="_ _0"/>s risk management<span class="_ _0"/> policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Thi<span class="_ _5"/>s se<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>es d<span class="_ _5"/>es<span class="_ _5"/>cr<span class="_ _5"/>ip<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f th<span class="_ _5"/>e ri<span class="_ _5"/>sk<span class="_ _5"/>s re<span class="_ _5"/>la<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to li<span class="_ _5"/>qu<span class="_ _5"/>id<span class="_ _5"/>it<span class="_ _3"/>y ri<span class="_ _5"/>sk a<span class="_ _5"/>nd i<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>st r<span class="_ _5"/>a<span class="_ _5"/>te ri<span class="_ _5"/>sk<span class="_ _5"/>. Pl<span class="_ _5"/>ea<span class="_ _5"/>se r<span class="_ _5"/>efe<span class="_ _5"/>r to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No<span class="_ _5"/>te 2.7 f<span class="_ _5"/>or a d<span class="_ _5"/>es<span class="_ _5"/>cri<span class="_ _5"/>pt<span class="_ _5"/>i<span class="_ _5"/>on of c<span class="_ _5"/>ur<span class="_ _5"/>re<span class="_ _5"/>nc<span class="_ _5"/>y r<span class="_ _5"/>is<span class="_ _5"/>k, a<span class="_ _5"/>nd N<span class="_ _5"/>o<span class="_ _5"/>te </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3.6 f<span class="_ _5"/>or a d<span class="_ _5"/>es<span class="_ _5"/>cr<span class="_ _5"/>ip<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f cre<span class="_ _5"/>di<span class="_ _5"/>t ri<span class="_ _5"/>sk<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Liquidity risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wi<span class="_ _5"/>t<span class="_ _5"/>h th<span class="_ _5"/>e exce<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n of a r<span class="_ _5"/>el<span class="_ _5"/>at<span class="_ _5"/>iv<span class="_ _5"/>el<span class="_ _5"/>y mi<span class="_ _5"/>no<span class="_ _5"/>r de<span class="_ _5"/>po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>, t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p do<span class="_ _5"/>es n<span class="_ _5"/>ot re<span class="_ _5"/>cei<span class="_ _5"/>ve p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt r<span class="_ _5"/>el<span class="_ _5"/>ate<span class="_ _5"/>d to D<span class="_ _5"/>et<span class="_ _5"/>ac<span class="_ _5"/>he<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">houses until the<span class="_ _0"/> construc<span class="_ _5"/>tion is finalised and the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ho<span class="_ _5"/>us<span class="_ _5"/>e is h<span class="_ _5"/>an<span class="_ _5"/>de<span class="_ _5"/>d ove<span class="_ _5"/>r to t<span class="_ _5"/>he p<span class="_ _5"/>ri<span class="_ _5"/>va<span class="_ _5"/>te cu<span class="_ _5"/>s<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r. Accord<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ingly,<span class="_ _0"/> the Group needs<span class="_ _0"/> suf<span class="_ _5"/>ficient credit facilities t<span class="_ _0"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fund constructions in progr<span class="_ _0"/>ess.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For the Semi-Detached construction contract<span class="_ _5"/>s the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment terms<span class="_ _0"/> varies f<span class="_ _0"/>or some c<span class="_ _0"/>ontrac<span class="_ _5"/>ts on-account </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _5"/>m<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s are r<span class="_ _5"/>ece<span class="_ _5"/>i<span class="_ _5"/>ved b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n pe<span class="_ _5"/>rce<span class="_ _5"/>nt<span class="_ _5"/>a<span class="_ _5"/>ge<span class="_ _5"/>s of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">com<span class="_ _5"/>pl<span class="_ _5"/>et<span class="_ _5"/>i<span class="_ _5"/>on a<span class="_ _5"/>nd fo<span class="_ _5"/>r ot<span class="_ _5"/>he<span class="_ _5"/>r co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s t<span class="_ _5"/>he p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt<span class="_ _5"/>s a<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">upon completion<span class="_ _0"/> of the<span class="_ _0"/> construc<span class="_ _5"/>tion. This<span class="_ _0"/> requires </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">su<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>ic<span class="_ _5"/>ie<span class="_ _5"/>nt c<span class="_ _5"/>re<span class="_ _5"/>di<span class="_ _5"/>t fa<span class="_ _5"/>ci<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>ies a<span class="_ _5"/>s t<span class="_ _5"/>he co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t v<span class="_ _5"/>al<span class="_ _5"/>ue<span class="_ _5"/>s are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant<span class="_ _5"/>ly higher than<span class="_ _0"/> contrac<span class="_ _5"/>ts with private cus<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tomers.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> continually monitors the need<span class="_ _0"/> of liquidity.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At 3<span class="_ _5"/>1 De<span class="_ _5"/>cem<span class="_ _5"/>b<span class="_ _5"/>er 2025, t<span class="_ _5"/>h<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s an u<span class="_ _5"/>nd<span class="_ _5"/>raw<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cre<span class="_ _5"/>di<span class="_ _5"/>t f<span class="_ _5"/>aci<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>y o<span class="_ _5"/>f DK<span class="_ _5"/>K 250 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on to e<span class="_ _5"/>ns<span class="_ _5"/>ur<span class="_ _5"/>e th<span class="_ _5"/>at t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p is a<span class="_ _5"/>bl<span class="_ _5"/>e to m<span class="_ _5"/>ee<span class="_ _5"/>t it<span class="_ _5"/>s o<span class="_ _5"/>bl<span class="_ _5"/>ig<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns (<span class="_ _5"/>2024: DK<span class="_ _5"/>K 250 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management considers the<span class="_ _0"/> credit availability to be<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">su<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>ic<span class="_ _5"/>ie<span class="_ _5"/>nt f<span class="_ _5"/>or t<span class="_ _5"/>he n<span class="_ _5"/>ex<span class="_ _5"/>t 1<span class="_ _5"/>2 mo<span class="_ _5"/>nt<span class="_ _5"/>hs<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ca<span class="_ _5"/>sh f<span class="_ _5"/>l<span class="_ _5"/>ow<span class="_ _5"/>s pr<span class="_ _5"/>ese<span class="_ _5"/>nt<span class="_ _5"/>ed a<span class="_ _5"/>re no<span class="_ _5"/>n<span class="_ _5"/>-<span class="_ _5"/>d<span class="_ _5"/>is<span class="_ _5"/>cou<span class="_ _5"/>n<span class="_ _5"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">am<span class="_ _5"/>ou<span class="_ _5"/>nt<span class="_ _5"/>s<span class="_ _5"/>, at t<span class="_ _5"/>he e<span class="_ _5"/>ar<span class="_ _5"/>li<span class="_ _5"/>es<span class="_ _5"/>t p<span class="_ _5"/>os<span class="_ _5"/>si<span class="_ _5"/>bl<span class="_ _5"/>e da<span class="_ _5"/>te at w<span class="_ _5"/>h<span class="_ _5"/>ich t<span class="_ _5"/>h<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group can be<span class="_ _0"/> required t<span class="_ _0"/>o settle the financial liability.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Floating interest<span class="_ _0"/> payment<span class="_ _5"/>s on<span class="_ _0"/> bank borrowings ha<span class="_ _0"/>ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been determined<span class="_ _0"/> applyin<span class="_ _5"/>g a<span class="_ _0"/> forward cur<span class="_ _5"/>ve on<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">underlying interest<span class="_ _0"/> rate at<span class="_ _0"/> the reporting date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:269.921875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 471.891px; top: 0.0136718px; width: 57.5801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due within </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 560.875px; top: 0.0136718px; width: 70.6172px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due between </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 663.5px; top: 0.0136718px; width: 70.6172px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due between </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 786.562px; top: 0.0136718px; width: 50.2559px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due after </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 850.469px; top: 0.0136718px; width: 87.6387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contractual </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 993.891px; top: 0.0136718px; width: 46.3535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 12.7637px; width: 302.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Contractual maturity analysis of financial liabilities</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 496.172px; top: 12.7637px; width: 32.0449px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1 year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 560.875px; top: 12.7637px; width: 69.3926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1 and 3 years</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 661.75px; top: 12.7637px; width: 69.3926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3 and 5 years</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.984px; top: 12.7637px; width: 37.4062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5 years</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 887.312px; top: 12.7637px; width: 48.1289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">cash flow</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 998.406px; top: 12.7637px; width: 38.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 47.7012px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7793px; width: 157.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-derivative financial liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.8418px; width: 1040.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 414.517px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.1054px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.8418px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.871px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.7656px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.8418px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.2384px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 505,595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,595 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 101.92px; width: 1040.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 412.95px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 34,168 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 568,335 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,560 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,203 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 609,266 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,285 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 119.982px; width: 1040.31px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 420.795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 30,473 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 30,526 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.3906px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 14,150 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,143 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.3906px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 76,292 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 68,699 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 138.061px; width: 1040.46px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-derivative financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 301.137px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 570,236 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 598,861 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 16,710 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4884px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5,346 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,191,153 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,080,579 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 169.467px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 187.529px; width: 160.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-derivative financial liabilities </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 205.607px; width: 1037.56px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade and other payables </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 367.477px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">378,793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.871px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.871px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">378,793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.3906px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">378,793</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 223.67px; width: 1037.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 415.616px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,630</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">57,260</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">529,910</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,507</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">621,307</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">506,570</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 241.748px; width: 1037.72px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 423.502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">26,345</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,141</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16,173</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,240</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">72,899</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,332</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 259.811px; width: 1037.44px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-derivative financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.732px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">433,768</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.6034px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">86,401</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">546,083</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.377px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,747</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,072,999</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">950,695</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Interest rate risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">HusCompagniet is<span class="_ _0"/> exposed t<span class="_ _0"/>o fluc<span class="_ _5"/>tuations in<span class="_ _0"/> market<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest rates<span class="_ _0"/> primarily related<span class="_ _0"/> to the Group<span class="_ _0"/>'s long-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term loa<span class="_ _0"/>ns with floating rates.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ban<span class="_ _5"/>k ag<span class="_ _5"/>re<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t op<span class="_ _5"/>t<span class="_ _5"/>ion f<span class="_ _5"/>or a t<span class="_ _5"/>w<span class="_ _5"/>o<span class="_ _5"/>-<span class="_ _5"/>yea<span class="_ _5"/>r ex<span class="_ _5"/>t<span class="_ _5"/>en<span class="_ _5"/>si<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">was ex<span class="_ _0"/>ercised during<span class="_ _0"/> 20<span class="_ _0"/>25, and<span class="_ _0"/> the bank agreement<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">now c<span class="_ _5"/>ove<span class="_ _5"/>r to 2028.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At 3<span class="_ _5"/>1 De<span class="_ _5"/>cem<span class="_ _5"/>b<span class="_ _5"/>er 2025, t<span class="_ _5"/>h<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p's l<span class="_ _5"/>on<span class="_ _5"/>g<span class="_ _5"/>-<span class="_ _5"/>ter<span class="_ _5"/>m de<span class="_ _5"/>bt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>rr<span class="_ _5"/>ie<span class="_ _5"/>d f<span class="_ _5"/>lo<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t r<span class="_ _5"/>at<span class="_ _5"/>es ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>h<span class="_ _5"/>e 3M C<span class="_ _5"/>I<span class="_ _5"/>BO<span class="_ _5"/>R </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wi<span class="_ _5"/>t<span class="_ _5"/>h a f<span class="_ _5"/>lo<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t r<span class="_ _5"/>ate b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n t<span class="_ _5"/>he qu<span class="_ _5"/>ar<span class="_ _3"/>ter<span class="_ _5"/>l<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">leverage<span class="_ _0"/> ratio.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">If t<span class="_ _5"/>he i<span class="_ _5"/>n<span class="_ _5"/>tere<span class="_ _5"/>s<span class="_ _5"/>t ra<span class="_ _5"/>te h<span class="_ _5"/>ad i<span class="_ _5"/>ncr<span class="_ _5"/>ea<span class="_ _5"/>se<span class="_ _5"/>d (de<span class="_ _5"/>cr<span class="_ _5"/>eas<span class="_ _5"/>ed<span class="_ _5"/>) by 1<span class="_ _5"/>% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _3"/>t on in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t d<span class="_ _5"/>ur<span class="_ _5"/>in<span class="_ _5"/>g 2025 wo<span class="_ _5"/>ul<span class="_ _5"/>d hav<span class="_ _5"/>e be<span class="_ _5"/>en </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n (2024: DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK’000<span class="_ _c2"> </span><span class="ff22 fc3">2025<span class="_ _81"> </span>2024</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 247.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Categories of financial assets and financial liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0918px; width: 576.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash (financial assets at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 263.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 377,507 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 300,590 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 576.404px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Receivables (financial assets at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.929px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 166,934 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 149,147 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2324px; width: 576.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank borrowings (financial liabilities at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 198.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,285 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,570 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 72.2949px; width: 576.562px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities (financial liabilities at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 212.683px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 68,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 65,332 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 574.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade payables (financial liabilities at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 206.121px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.9844px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 378,793</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.7<span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Financial ris<span class="_ _0"/>k managemen<span class="_ _0"/>t</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Capital struc<span class="_ _5"/>ture</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The capital structure is unchanged<span class="_ _0"/> in 20<span class="_ _0"/>25.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/>’s<span class="_ _0"/> ac<span class="_ _5"/>tivit<span class="_ _5"/>ies and<span class="_ _0"/> capital struc<span class="_ _5"/>ture are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exp<span class="_ _5"/>os<span class="_ _5"/>ed t<span class="_ _5"/>o a va<span class="_ _5"/>ri<span class="_ _5"/>et<span class="_ _5"/>y o<span class="_ _5"/>f f<span class="_ _5"/>in<span class="_ _5"/>an<span class="_ _5"/>ci<span class="_ _5"/>al r<span class="_ _5"/>is<span class="_ _5"/>ks: M<span class="_ _5"/>a<span class="_ _5"/>rket r<span class="_ _5"/>i<span class="_ _5"/>sk<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(including currency risk, inter<span class="_ _0"/>est rate risk<span class="_ _0"/> and price<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">risk), credit<span class="_ _0"/> risk and liquidity risk. Group Management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">oversees the<span class="_ _0"/> management of these<span class="_ _0"/> risks in ac<span class="_ _0"/>cord<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ance with the<span class="_ _0"/> Group’<span class="_ _0"/>s risk management<span class="_ _0"/> policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Thi<span class="_ _5"/>s se<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>es d<span class="_ _5"/>es<span class="_ _5"/>cr<span class="_ _5"/>ip<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f th<span class="_ _5"/>e ri<span class="_ _5"/>sk<span class="_ _5"/>s re<span class="_ _5"/>la<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to li<span class="_ _5"/>qu<span class="_ _5"/>id<span class="_ _5"/>it<span class="_ _3"/>y ri<span class="_ _5"/>sk a<span class="_ _5"/>nd i<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>st r<span class="_ _5"/>a<span class="_ _5"/>te ri<span class="_ _5"/>sk<span class="_ _5"/>. Pl<span class="_ _5"/>ea<span class="_ _5"/>se r<span class="_ _5"/>efe<span class="_ _5"/>r to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No<span class="_ _5"/>te 2.7 f<span class="_ _5"/>or a d<span class="_ _5"/>es<span class="_ _5"/>cri<span class="_ _5"/>pt<span class="_ _5"/>i<span class="_ _5"/>on of c<span class="_ _5"/>ur<span class="_ _5"/>re<span class="_ _5"/>nc<span class="_ _5"/>y r<span class="_ _5"/>is<span class="_ _5"/>k, a<span class="_ _5"/>nd N<span class="_ _5"/>o<span class="_ _5"/>te </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3.6 f<span class="_ _5"/>or a d<span class="_ _5"/>es<span class="_ _5"/>cr<span class="_ _5"/>ip<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f cre<span class="_ _5"/>di<span class="_ _5"/>t ri<span class="_ _5"/>sk<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Liquidity risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wi<span class="_ _5"/>t<span class="_ _5"/>h th<span class="_ _5"/>e exce<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n of a r<span class="_ _5"/>el<span class="_ _5"/>at<span class="_ _5"/>iv<span class="_ _5"/>el<span class="_ _5"/>y mi<span class="_ _5"/>no<span class="_ _5"/>r de<span class="_ _5"/>po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>, t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p do<span class="_ _5"/>es n<span class="_ _5"/>ot re<span class="_ _5"/>cei<span class="_ _5"/>ve p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt r<span class="_ _5"/>el<span class="_ _5"/>ate<span class="_ _5"/>d to D<span class="_ _5"/>et<span class="_ _5"/>ac<span class="_ _5"/>he<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">houses until the<span class="_ _0"/> construc<span class="_ _5"/>tion is finalised and the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ho<span class="_ _5"/>us<span class="_ _5"/>e is h<span class="_ _5"/>an<span class="_ _5"/>de<span class="_ _5"/>d ove<span class="_ _5"/>r to t<span class="_ _5"/>he p<span class="_ _5"/>ri<span class="_ _5"/>va<span class="_ _5"/>te cu<span class="_ _5"/>s<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r. Accord<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ingly,<span class="_ _0"/> the Group needs<span class="_ _0"/> suf<span class="_ _5"/>ficient credit facilities t<span class="_ _0"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fund constructions in progr<span class="_ _0"/>ess.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For the Semi-Detached construction contract<span class="_ _5"/>s the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment terms<span class="_ _0"/> varies f<span class="_ _0"/>or some c<span class="_ _0"/>ontrac<span class="_ _5"/>ts on-account </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _5"/>m<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s are r<span class="_ _5"/>ece<span class="_ _5"/>i<span class="_ _5"/>ved b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n pe<span class="_ _5"/>rce<span class="_ _5"/>nt<span class="_ _5"/>a<span class="_ _5"/>ge<span class="_ _5"/>s of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">com<span class="_ _5"/>pl<span class="_ _5"/>et<span class="_ _5"/>i<span class="_ _5"/>on a<span class="_ _5"/>nd fo<span class="_ _5"/>r ot<span class="_ _5"/>he<span class="_ _5"/>r co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s t<span class="_ _5"/>he p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt<span class="_ _5"/>s a<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">upon completion<span class="_ _0"/> of the<span class="_ _0"/> construc<span class="_ _5"/>tion. This<span class="_ _0"/> requires </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">su<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>ic<span class="_ _5"/>ie<span class="_ _5"/>nt c<span class="_ _5"/>re<span class="_ _5"/>di<span class="_ _5"/>t fa<span class="_ _5"/>ci<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>ies a<span class="_ _5"/>s t<span class="_ _5"/>he co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t v<span class="_ _5"/>al<span class="_ _5"/>ue<span class="_ _5"/>s are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant<span class="_ _5"/>ly higher than<span class="_ _0"/> contrac<span class="_ _5"/>ts with private cus<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tomers.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> continually monitors the need<span class="_ _0"/> of liquidity.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At 3<span class="_ _5"/>1 De<span class="_ _5"/>cem<span class="_ _5"/>b<span class="_ _5"/>er 2025, t<span class="_ _5"/>h<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s an u<span class="_ _5"/>nd<span class="_ _5"/>raw<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cre<span class="_ _5"/>di<span class="_ _5"/>t f<span class="_ _5"/>aci<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>y o<span class="_ _5"/>f DK<span class="_ _5"/>K 250 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on to e<span class="_ _5"/>ns<span class="_ _5"/>ur<span class="_ _5"/>e th<span class="_ _5"/>at t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p is a<span class="_ _5"/>bl<span class="_ _5"/>e to m<span class="_ _5"/>ee<span class="_ _5"/>t it<span class="_ _5"/>s o<span class="_ _5"/>bl<span class="_ _5"/>ig<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns (<span class="_ _5"/>2024: DK<span class="_ _5"/>K 250 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management considers the<span class="_ _0"/> credit availability to be<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">su<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>ic<span class="_ _5"/>ie<span class="_ _5"/>nt f<span class="_ _5"/>or t<span class="_ _5"/>he n<span class="_ _5"/>ex<span class="_ _5"/>t 1<span class="_ _5"/>2 mo<span class="_ _5"/>nt<span class="_ _5"/>hs<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ca<span class="_ _5"/>sh f<span class="_ _5"/>l<span class="_ _5"/>ow<span class="_ _5"/>s pr<span class="_ _5"/>ese<span class="_ _5"/>nt<span class="_ _5"/>ed a<span class="_ _5"/>re no<span class="_ _5"/>n<span class="_ _5"/>-<span class="_ _5"/>d<span class="_ _5"/>is<span class="_ _5"/>cou<span class="_ _5"/>n<span class="_ _5"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">am<span class="_ _5"/>ou<span class="_ _5"/>nt<span class="_ _5"/>s<span class="_ _5"/>, at t<span class="_ _5"/>he e<span class="_ _5"/>ar<span class="_ _5"/>li<span class="_ _5"/>es<span class="_ _5"/>t p<span class="_ _5"/>os<span class="_ _5"/>si<span class="_ _5"/>bl<span class="_ _5"/>e da<span class="_ _5"/>te at w<span class="_ _5"/>h<span class="_ _5"/>ich t<span class="_ _5"/>h<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group can be<span class="_ _0"/> required t<span class="_ _0"/>o settle the financial liability.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Floating interest<span class="_ _0"/> payment<span class="_ _5"/>s on<span class="_ _0"/> bank borrowings ha<span class="_ _0"/>ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been determined<span class="_ _0"/> applyin<span class="_ _5"/>g a<span class="_ _0"/> forward cur<span class="_ _5"/>ve on<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">underlying interest<span class="_ _0"/> rate at<span class="_ _0"/> the reporting date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:269.921875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 471.891px; top: 0.0136718px; width: 57.5801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due within </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 560.875px; top: 0.0136718px; width: 70.6172px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due between </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 663.5px; top: 0.0136718px; width: 70.6172px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due between </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 786.562px; top: 0.0136718px; width: 50.2559px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due after </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 850.469px; top: 0.0136718px; width: 87.6387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contractual </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 993.891px; top: 0.0136718px; width: 46.3535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 12.7637px; width: 302.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Contractual maturity analysis of financial liabilities</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 496.172px; top: 12.7637px; width: 32.0449px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1 year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 560.875px; top: 12.7637px; width: 69.3926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1 and 3 years</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 661.75px; top: 12.7637px; width: 69.3926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3 and 5 years</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.984px; top: 12.7637px; width: 37.4062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5 years</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 887.312px; top: 12.7637px; width: 48.1289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">cash flow</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 998.406px; top: 12.7637px; width: 38.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 47.7012px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7793px; width: 157.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-derivative financial liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.8418px; width: 1040.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 414.517px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.1054px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.8418px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.871px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.7656px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.8418px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.2384px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 505,595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,595 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 101.92px; width: 1040.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 412.95px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 34,168 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 568,335 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,560 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,203 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 609,266 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,285 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 119.982px; width: 1040.31px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 420.795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 30,473 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 30,526 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.3906px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 14,150 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,143 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.3906px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 76,292 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 68,699 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 138.061px; width: 1040.46px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-derivative financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 301.137px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 570,236 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 598,861 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 16,710 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4884px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5,346 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,191,153 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,080,579 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 169.467px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 187.529px; width: 160.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-derivative financial liabilities </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 205.607px; width: 1037.56px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade and other payables </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 367.477px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">378,793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.871px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.871px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">378,793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.3906px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">378,793</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 223.67px; width: 1037.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 415.616px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,630</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">57,260</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">529,910</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,507</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">621,307</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">506,570</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 241.748px; width: 1037.72px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 423.502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">26,345</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,141</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16,173</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,240</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">72,899</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,332</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 259.811px; width: 1037.44px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-derivative financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.732px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">433,768</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.6034px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">86,401</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">546,083</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.377px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,747</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,072,999</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">950,695</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Interest rate risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">HusCompagniet is<span class="_ _0"/> exposed t<span class="_ _0"/>o fluc<span class="_ _5"/>tuations in<span class="_ _0"/> market<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest rates<span class="_ _0"/> primarily related<span class="_ _0"/> to the Group<span class="_ _0"/>'s long-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term loa<span class="_ _0"/>ns with floating rates.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ban<span class="_ _5"/>k ag<span class="_ _5"/>re<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t op<span class="_ _5"/>t<span class="_ _5"/>ion f<span class="_ _5"/>or a t<span class="_ _5"/>w<span class="_ _5"/>o<span class="_ _5"/>-<span class="_ _5"/>yea<span class="_ _5"/>r ex<span class="_ _5"/>t<span class="_ _5"/>en<span class="_ _5"/>si<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">was ex<span class="_ _0"/>ercised during<span class="_ _0"/> 20<span class="_ _0"/>25, and<span class="_ _0"/> the bank agreement<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">now c<span class="_ _5"/>ove<span class="_ _5"/>r to 2028.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At 3<span class="_ _5"/>1 De<span class="_ _5"/>cem<span class="_ _5"/>b<span class="_ _5"/>er 2025, t<span class="_ _5"/>h<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p's l<span class="_ _5"/>on<span class="_ _5"/>g<span class="_ _5"/>-<span class="_ _5"/>ter<span class="_ _5"/>m de<span class="_ _5"/>bt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>rr<span class="_ _5"/>ie<span class="_ _5"/>d f<span class="_ _5"/>lo<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t r<span class="_ _5"/>at<span class="_ _5"/>es ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>h<span class="_ _5"/>e 3M C<span class="_ _5"/>I<span class="_ _5"/>BO<span class="_ _5"/>R </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wi<span class="_ _5"/>t<span class="_ _5"/>h a f<span class="_ _5"/>lo<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t r<span class="_ _5"/>ate b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n t<span class="_ _5"/>he qu<span class="_ _5"/>ar<span class="_ _3"/>ter<span class="_ _5"/>l<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">leverage<span class="_ _0"/> ratio.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">If t<span class="_ _5"/>he i<span class="_ _5"/>n<span class="_ _5"/>tere<span class="_ _5"/>s<span class="_ _5"/>t ra<span class="_ _5"/>te h<span class="_ _5"/>ad i<span class="_ _5"/>ncr<span class="_ _5"/>ea<span class="_ _5"/>se<span class="_ _5"/>d (de<span class="_ _5"/>cr<span class="_ _5"/>eas<span class="_ _5"/>ed<span class="_ _5"/>) by 1<span class="_ _5"/>% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _3"/>t on in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t d<span class="_ _5"/>ur<span class="_ _5"/>in<span class="_ _5"/>g 2025 wo<span class="_ _5"/>ul<span class="_ _5"/>d hav<span class="_ _5"/>e be<span class="_ _5"/>en </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n (2024: DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK’000<span class="_ _c2"> </span><span class="ff22 fc3">2025<span class="_ _81"> </span>2024</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 247.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Categories of financial assets and financial liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0918px; width: 576.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash (financial assets at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 263.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 377,507 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 300,590 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 576.404px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Receivables (financial assets at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.929px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 166,934 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 149,147 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2324px; width: 576.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank borrowings (financial liabilities at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 198.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,285 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,570 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 72.2949px; width: 576.562px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities (financial liabilities at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 212.683px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 68,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 65,332 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 574.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade payables (financial liabilities at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 206.121px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.9844px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 378,793</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 5<span class="_ _5"/>.7<span class="ff48 fc0 ls57 ws5b"> <span class="_ _5c"> </span>Financial ris<span class="_ _0"/>k managemen<span class="_ _0"/>t</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Capital struc<span class="_ _5"/>ture</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The capital structure is unchanged<span class="_ _0"/> in 20<span class="_ _0"/>25.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/>’s<span class="_ _0"/> ac<span class="_ _5"/>tivit<span class="_ _5"/>ies and<span class="_ _0"/> capital struc<span class="_ _5"/>ture are<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exp<span class="_ _5"/>os<span class="_ _5"/>ed t<span class="_ _5"/>o a va<span class="_ _5"/>ri<span class="_ _5"/>et<span class="_ _5"/>y o<span class="_ _5"/>f f<span class="_ _5"/>in<span class="_ _5"/>an<span class="_ _5"/>ci<span class="_ _5"/>al r<span class="_ _5"/>is<span class="_ _5"/>ks: M<span class="_ _5"/>a<span class="_ _5"/>rket r<span class="_ _5"/>i<span class="_ _5"/>sk<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(including currency risk, inter<span class="_ _0"/>est rate risk<span class="_ _0"/> and price<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">risk), credit<span class="_ _0"/> risk and liquidity risk. Group Management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">oversees the<span class="_ _0"/> management of these<span class="_ _0"/> risks in ac<span class="_ _0"/>cord<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ance with the<span class="_ _0"/> Group’<span class="_ _0"/>s risk management<span class="_ _0"/> policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Thi<span class="_ _5"/>s se<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>es d<span class="_ _5"/>es<span class="_ _5"/>cr<span class="_ _5"/>ip<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f th<span class="_ _5"/>e ri<span class="_ _5"/>sk<span class="_ _5"/>s re<span class="_ _5"/>la<span class="_ _5"/>te<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to li<span class="_ _5"/>qu<span class="_ _5"/>id<span class="_ _5"/>it<span class="_ _3"/>y ri<span class="_ _5"/>sk a<span class="_ _5"/>nd i<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>st r<span class="_ _5"/>a<span class="_ _5"/>te ri<span class="_ _5"/>sk<span class="_ _5"/>. Pl<span class="_ _5"/>ea<span class="_ _5"/>se r<span class="_ _5"/>efe<span class="_ _5"/>r to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No<span class="_ _5"/>te 2.7 f<span class="_ _5"/>or a d<span class="_ _5"/>es<span class="_ _5"/>cri<span class="_ _5"/>pt<span class="_ _5"/>i<span class="_ _5"/>on of c<span class="_ _5"/>ur<span class="_ _5"/>re<span class="_ _5"/>nc<span class="_ _5"/>y r<span class="_ _5"/>is<span class="_ _5"/>k, a<span class="_ _5"/>nd N<span class="_ _5"/>o<span class="_ _5"/>te </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3.6 f<span class="_ _5"/>or a d<span class="_ _5"/>es<span class="_ _5"/>cr<span class="_ _5"/>ip<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f cre<span class="_ _5"/>di<span class="_ _5"/>t ri<span class="_ _5"/>sk<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Liquidity risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wi<span class="_ _5"/>t<span class="_ _5"/>h th<span class="_ _5"/>e exce<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n of a r<span class="_ _5"/>el<span class="_ _5"/>at<span class="_ _5"/>iv<span class="_ _5"/>el<span class="_ _5"/>y mi<span class="_ _5"/>no<span class="_ _5"/>r de<span class="_ _5"/>po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>, t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p do<span class="_ _5"/>es n<span class="_ _5"/>ot re<span class="_ _5"/>cei<span class="_ _5"/>ve p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt r<span class="_ _5"/>el<span class="_ _5"/>ate<span class="_ _5"/>d to D<span class="_ _5"/>et<span class="_ _5"/>ac<span class="_ _5"/>he<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">houses until the<span class="_ _0"/> construc<span class="_ _5"/>tion is finalised and the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ho<span class="_ _5"/>us<span class="_ _5"/>e is h<span class="_ _5"/>an<span class="_ _5"/>de<span class="_ _5"/>d ove<span class="_ _5"/>r to t<span class="_ _5"/>he p<span class="_ _5"/>ri<span class="_ _5"/>va<span class="_ _5"/>te cu<span class="_ _5"/>s<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r. Accord<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ingly,<span class="_ _0"/> the Group needs<span class="_ _0"/> suf<span class="_ _5"/>ficient credit facilities t<span class="_ _0"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fund constructions in progr<span class="_ _0"/>ess.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For the Semi-Detached construction contract<span class="_ _5"/>s the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment terms<span class="_ _0"/> varies f<span class="_ _0"/>or some c<span class="_ _0"/>ontrac<span class="_ _5"/>ts on-account </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _5"/>m<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s are r<span class="_ _5"/>ece<span class="_ _5"/>i<span class="_ _5"/>ved b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n pe<span class="_ _5"/>rce<span class="_ _5"/>nt<span class="_ _5"/>a<span class="_ _5"/>ge<span class="_ _5"/>s of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">com<span class="_ _5"/>pl<span class="_ _5"/>et<span class="_ _5"/>i<span class="_ _5"/>on a<span class="_ _5"/>nd fo<span class="_ _5"/>r ot<span class="_ _5"/>he<span class="_ _5"/>r co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s t<span class="_ _5"/>he p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt<span class="_ _5"/>s a<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">upon completion<span class="_ _0"/> of the<span class="_ _0"/> construc<span class="_ _5"/>tion. This<span class="_ _0"/> requires </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">su<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>ic<span class="_ _5"/>ie<span class="_ _5"/>nt c<span class="_ _5"/>re<span class="_ _5"/>di<span class="_ _5"/>t fa<span class="_ _5"/>ci<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>ies a<span class="_ _5"/>s t<span class="_ _5"/>he co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t v<span class="_ _5"/>al<span class="_ _5"/>ue<span class="_ _5"/>s are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant<span class="_ _5"/>ly higher than<span class="_ _0"/> contrac<span class="_ _5"/>ts with private cus<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tomers.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> continually monitors the need<span class="_ _0"/> of liquidity.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At 3<span class="_ _5"/>1 De<span class="_ _5"/>cem<span class="_ _5"/>b<span class="_ _5"/>er 2025, t<span class="_ _5"/>h<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s an u<span class="_ _5"/>nd<span class="_ _5"/>raw<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cre<span class="_ _5"/>di<span class="_ _5"/>t f<span class="_ _5"/>aci<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>y o<span class="_ _5"/>f DK<span class="_ _5"/>K 250 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on to e<span class="_ _5"/>ns<span class="_ _5"/>ur<span class="_ _5"/>e th<span class="_ _5"/>at t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p is a<span class="_ _5"/>bl<span class="_ _5"/>e to m<span class="_ _5"/>ee<span class="_ _5"/>t it<span class="_ _5"/>s o<span class="_ _5"/>bl<span class="_ _5"/>ig<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns (<span class="_ _5"/>2024: DK<span class="_ _5"/>K 250 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management considers the<span class="_ _0"/> credit availability to be<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">su<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>ic<span class="_ _5"/>ie<span class="_ _5"/>nt f<span class="_ _5"/>or t<span class="_ _5"/>he n<span class="_ _5"/>ex<span class="_ _5"/>t 1<span class="_ _5"/>2 mo<span class="_ _5"/>nt<span class="_ _5"/>hs<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ca<span class="_ _5"/>sh f<span class="_ _5"/>l<span class="_ _5"/>ow<span class="_ _5"/>s pr<span class="_ _5"/>ese<span class="_ _5"/>nt<span class="_ _5"/>ed a<span class="_ _5"/>re no<span class="_ _5"/>n<span class="_ _5"/>-<span class="_ _5"/>d<span class="_ _5"/>is<span class="_ _5"/>cou<span class="_ _5"/>n<span class="_ _5"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">am<span class="_ _5"/>ou<span class="_ _5"/>nt<span class="_ _5"/>s<span class="_ _5"/>, at t<span class="_ _5"/>he e<span class="_ _5"/>ar<span class="_ _5"/>li<span class="_ _5"/>es<span class="_ _5"/>t p<span class="_ _5"/>os<span class="_ _5"/>si<span class="_ _5"/>bl<span class="_ _5"/>e da<span class="_ _5"/>te at w<span class="_ _5"/>h<span class="_ _5"/>ich t<span class="_ _5"/>h<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group can be<span class="_ _0"/> required t<span class="_ _0"/>o settle the financial liability.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Floating interest<span class="_ _0"/> payment<span class="_ _5"/>s on<span class="_ _0"/> bank borrowings ha<span class="_ _0"/>ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been determined<span class="_ _0"/> applyin<span class="_ _5"/>g a<span class="_ _0"/> forward cur<span class="_ _5"/>ve on<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">underlying interest<span class="_ _0"/> rate at<span class="_ _0"/> the reporting date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:269.921875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 471.891px; top: 0.0136718px; width: 57.5801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due within </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 560.875px; top: 0.0136718px; width: 70.6172px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due between </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 663.5px; top: 0.0136718px; width: 70.6172px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due between </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 786.562px; top: 0.0136718px; width: 50.2559px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Due after </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 850.469px; top: 0.0136718px; width: 87.6387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal contractual </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 993.891px; top: 0.0136718px; width: 46.3535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Carrying </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -3.066px; width: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"/><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 12.7637px; width: 302.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Contractual maturity analysis of financial liabilities</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 496.172px; top: 12.7637px; width: 32.0449px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1 year</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 560.875px; top: 12.7637px; width: 69.3926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">1 and 3 years</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 661.75px; top: 12.7637px; width: 69.3926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">3 and 5 years</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 795.984px; top: 12.7637px; width: 37.4062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">5 years</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 887.312px; top: 12.7637px; width: 48.1289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">cash flow</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 998.406px; top: 12.7637px; width: 38.9824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">amount</span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 47.7012px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7793px; width: 157.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-derivative financial liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.8418px; width: 1040.51px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 414.517px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.1054px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.8418px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.871px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.7656px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 2.8418px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0 </span><span style="word-spacing: -2.709px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.2384px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span style="display: inline-block;"> 505,595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,595 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 101.92px; width: 1040.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 412.95px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 34,168 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 568,335 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,560 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,203 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 609,266 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,285 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 119.982px; width: 1040.31px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 420.795px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 30,473 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 30,526 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.3906px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 14,150 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.3281px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,143 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.3906px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 76,292 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 68,699 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 138.061px; width: 1040.46px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-derivative financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 301.137px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 570,236 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 598,861 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 16,710 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.4884px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5,346 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,191,153 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,080,579 </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 169.467px; width: 26.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 187.529px; width: 160.225px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-derivative financial liabilities </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 205.607px; width: 1037.56px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade and other payables </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 367.477px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">378,793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.871px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.871px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.2324px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">378,793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.3906px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">378,793</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 223.67px; width: 1037.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank borrowings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 415.616px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">28,630</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">57,260</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">529,910</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,507</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">621,307</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.9102px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">506,570</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 241.748px; width: 1037.72px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 423.502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">26,345</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,141</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">16,173</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 74.5605px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,240</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">72,899</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 68.2793px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">65,332</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 259.811px; width: 1037.44px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal non-derivative financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.732px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">433,768</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.6034px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">86,401</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8241px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">546,083</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.377px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,747</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,072,999</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2873px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">950,695</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Interest rate risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">HusCompagniet is<span class="_ _0"/> exposed t<span class="_ _0"/>o fluc<span class="_ _5"/>tuations in<span class="_ _0"/> market<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest rates<span class="_ _0"/> primarily related<span class="_ _0"/> to the Group<span class="_ _0"/>'s long-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term loa<span class="_ _0"/>ns with floating rates.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ban<span class="_ _5"/>k ag<span class="_ _5"/>re<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t op<span class="_ _5"/>t<span class="_ _5"/>ion f<span class="_ _5"/>or a t<span class="_ _5"/>w<span class="_ _5"/>o<span class="_ _5"/>-<span class="_ _5"/>yea<span class="_ _5"/>r ex<span class="_ _5"/>t<span class="_ _5"/>en<span class="_ _5"/>si<span class="_ _5"/>on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">was ex<span class="_ _0"/>ercised during<span class="_ _0"/> 20<span class="_ _0"/>25, and<span class="_ _0"/> the bank agreement<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">now c<span class="_ _5"/>ove<span class="_ _5"/>r to 2028.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At 3<span class="_ _5"/>1 De<span class="_ _5"/>cem<span class="_ _5"/>b<span class="_ _5"/>er 2025, t<span class="_ _5"/>h<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p's l<span class="_ _5"/>on<span class="_ _5"/>g<span class="_ _5"/>-<span class="_ _5"/>ter<span class="_ _5"/>m de<span class="_ _5"/>bt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>rr<span class="_ _5"/>ie<span class="_ _5"/>d f<span class="_ _5"/>lo<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t r<span class="_ _5"/>at<span class="_ _5"/>es ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>h<span class="_ _5"/>e 3M C<span class="_ _5"/>I<span class="_ _5"/>BO<span class="_ _5"/>R </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wi<span class="_ _5"/>t<span class="_ _5"/>h a f<span class="_ _5"/>lo<span class="_ _5"/>at<span class="_ _5"/>in<span class="_ _5"/>g in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t r<span class="_ _5"/>ate b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n t<span class="_ _5"/>he qu<span class="_ _5"/>ar<span class="_ _3"/>ter<span class="_ _5"/>l<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">leverage<span class="_ _0"/> ratio.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">If t<span class="_ _5"/>he i<span class="_ _5"/>n<span class="_ _5"/>tere<span class="_ _5"/>s<span class="_ _5"/>t ra<span class="_ _5"/>te h<span class="_ _5"/>ad i<span class="_ _5"/>ncr<span class="_ _5"/>ea<span class="_ _5"/>se<span class="_ _5"/>d (de<span class="_ _5"/>cr<span class="_ _5"/>eas<span class="_ _5"/>ed<span class="_ _5"/>) by 1<span class="_ _5"/>% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _3"/>t on in<span class="_ _5"/>te<span class="_ _5"/>res<span class="_ _5"/>t d<span class="_ _5"/>ur<span class="_ _5"/>in<span class="_ _5"/>g 2025 wo<span class="_ _5"/>ul<span class="_ _5"/>d hav<span class="_ _5"/>e be<span class="_ _5"/>en </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n (2024: DK<span class="_ _5"/>K 5 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK’000<span class="_ _c2"> </span><span class="ff22 fc3">2025<span class="_ _81"> </span>2024</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:100.484375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 247.869px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Categories of financial assets and financial liabilities</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 18.0918px; width: 576.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Cash (financial assets at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 263.736px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 377,507 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.9179px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 300,590 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 36.1543px; width: 576.404px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Receivables (financial assets at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.929px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 166,934 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 149,147 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 54.2324px; width: 576.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Bank borrowings (financial liabilities at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 198.562px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,285 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.4219px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 506,570 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 72.2949px; width: 576.562px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Lease liabilities (financial liabilities at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 212.683px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 68,699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6502px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 65,332 </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 90.373px; width: 574.201px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">rade payables (financial liabilities at amortised cost)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 206.121px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 505,595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.9844px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 378,793</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Liquidity risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wi<span class="_ _5"/>t<span class="_ _5"/>h th<span class="_ _5"/>e exce<span class="_ _5"/>pt<span class="_ _5"/>io<span class="_ _5"/>n of a r<span class="_ _5"/>el<span class="_ _5"/>at<span class="_ _5"/>iv<span class="_ _5"/>el<span class="_ _5"/>y mi<span class="_ _5"/>no<span class="_ _5"/>r de<span class="_ _5"/>po<span class="_ _5"/>si<span class="_ _5"/>t<span class="_ _5"/>, t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p do<span class="_ _5"/>es n<span class="_ _5"/>ot re<span class="_ _5"/>cei<span class="_ _5"/>ve p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt r<span class="_ _5"/>el<span class="_ _5"/>ate<span class="_ _5"/>d to D<span class="_ _5"/>et<span class="_ _5"/>ac<span class="_ _5"/>he<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">houses until the<span class="_ _0"/> construc<span class="_ _5"/>tion is finalised and the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ho<span class="_ _5"/>us<span class="_ _5"/>e is h<span class="_ _5"/>an<span class="_ _5"/>de<span class="_ _5"/>d ove<span class="_ _5"/>r to t<span class="_ _5"/>he p<span class="_ _5"/>ri<span class="_ _5"/>va<span class="_ _5"/>te cu<span class="_ _5"/>s<span class="_ _5"/>to<span class="_ _5"/>me<span class="_ _5"/>r. Accord<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ingly,<span class="_ _0"/> the Group needs<span class="_ _0"/> suf<span class="_ _5"/>ficient credit facilities t<span class="_ _0"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fund constructions in progr<span class="_ _0"/>ess.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For the Semi-Detached construction contract<span class="_ _5"/>s the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment terms<span class="_ _0"/> varies f<span class="_ _0"/>or some c<span class="_ _0"/>ontrac<span class="_ _5"/>ts on-account </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _5"/>m<span class="_ _5"/>en<span class="_ _5"/>t<span class="_ _5"/>s are r<span class="_ _5"/>ece<span class="_ _5"/>i<span class="_ _5"/>ved b<span class="_ _5"/>as<span class="_ _5"/>ed o<span class="_ _5"/>n pe<span class="_ _5"/>rce<span class="_ _5"/>nt<span class="_ _5"/>a<span class="_ _5"/>ge<span class="_ _5"/>s of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">com<span class="_ _5"/>pl<span class="_ _5"/>et<span class="_ _5"/>i<span class="_ _5"/>on a<span class="_ _5"/>nd fo<span class="_ _5"/>r ot<span class="_ _5"/>he<span class="_ _5"/>r co<span class="_ _5"/>nt<span class="_ _5"/>ra<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>s t<span class="_ _5"/>he p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt<span class="_ _5"/>s a<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">upon completion<span class="_ _0"/> of the<span class="_ _0"/> construc<span class="_ _5"/>tion. This<span class="_ _0"/> requires </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">su<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>ic<span class="_ _5"/>ie<span class="_ _5"/>nt c<span class="_ _5"/>re<span class="_ _5"/>di<span class="_ _5"/>t fa<span class="_ _5"/>ci<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>ies a<span class="_ _5"/>s t<span class="_ _5"/>he co<span class="_ _5"/>nt<span class="_ _5"/>r<span class="_ _5"/>ac<span class="_ _5"/>t v<span class="_ _5"/>al<span class="_ _5"/>ue<span class="_ _5"/>s are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant<span class="_ _5"/>ly higher than<span class="_ _0"/> contrac<span class="_ _5"/>ts with private cus<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tomers.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group<span class="_ _0"/> continually monitors the need<span class="_ _0"/> of liquidity.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At 3<span class="_ _5"/>1 De<span class="_ _5"/>cem<span class="_ _5"/>b<span class="_ _5"/>er 2025, t<span class="_ _5"/>h<span class="_ _5"/>e Gr<span class="_ _5"/>ou<span class="_ _5"/>p ha<span class="_ _5"/>s an u<span class="_ _5"/>nd<span class="_ _5"/>raw<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cre<span class="_ _5"/>di<span class="_ _5"/>t f<span class="_ _5"/>aci<span class="_ _5"/>li<span class="_ _5"/>t<span class="_ _5"/>y o<span class="_ _5"/>f DK<span class="_ _5"/>K 250 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on to e<span class="_ _5"/>ns<span class="_ _5"/>ur<span class="_ _5"/>e th<span class="_ _5"/>at t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gr<span class="_ _5"/>ou<span class="_ _5"/>p is a<span class="_ _5"/>bl<span class="_ _5"/>e to m<span class="_ _5"/>ee<span class="_ _5"/>t it<span class="_ _5"/>s o<span class="_ _5"/>bl<span class="_ _5"/>ig<span class="_ _5"/>at<span class="_ _5"/>io<span class="_ _5"/>ns (<span class="_ _5"/>2024: DK<span class="_ _5"/>K 250 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management considers the<span class="_ _0"/> credit availability to be<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">su<span class="_ _5"/>f<span class="_ _5"/>f<span class="_ _5"/>ic<span class="_ _5"/>ie<span class="_ _5"/>nt f<span class="_ _5"/>or t<span class="_ _5"/>he n<span class="_ _5"/>ex<span class="_ _5"/>t 1<span class="_ _5"/>2 mo<span class="_ _5"/>nt<span class="_ _5"/>hs<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ca<span class="_ _5"/>sh f<span class="_ _5"/>l<span class="_ _5"/>ow<span class="_ _5"/>s pr<span class="_ _5"/>ese<span class="_ _5"/>nt<span class="_ _5"/>ed a<span class="_ _5"/>re no<span class="_ _5"/>n<span class="_ _5"/>-<span class="_ _5"/>d<span class="_ _5"/>is<span class="_ _5"/>cou<span class="_ _5"/>n<span class="_ _5"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">am<span class="_ _5"/>ou<span class="_ _5"/>nt<span class="_ _5"/>s<span class="_ _5"/>, at t<span class="_ _5"/>he e<span class="_ _5"/>ar<span class="_ _5"/>li<span class="_ _5"/>es<span class="_ _5"/>t p<span class="_ _5"/>os<span class="_ _5"/>si<span class="_ _5"/>bl<span class="_ _5"/>e da<span class="_ _5"/>te at w<span class="_ _5"/>h<span class="_ _5"/>ich t<span class="_ _5"/>h<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group can be<span class="_ _0"/> required t<span class="_ _0"/>o settle the financial liability.<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Floating interest<span class="_ _0"/> payment<span class="_ _5"/>s on<span class="_ _0"/> bank borrowings ha<span class="_ _0"/>ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been determined<span class="_ _0"/> applyin<span class="_ _5"/>g a<span class="_ _0"/> forward cur<span class="_ _5"/>ve on<span class="_ _0"/> the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">underlying interest<span class="_ _0"/> rate at<span class="_ _0"/> the reporting date.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dividends</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e exp<span class="_ _5"/>ec<span class="_ _3"/>ted d<span class="_ _5"/>i<span class="_ _5"/>vi<span class="_ _5"/>de<span class="_ _5"/>nd p<span class="_ _5"/>ay<span class="_ _5"/>me<span class="_ _5"/>nt f<span class="_ _5"/>or t<span class="_ _5"/>he y<span class="_ _5"/>ea<span class="_ _5"/>r is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">di<span class="_ _5"/>sc<span class="_ _5"/>lo<span class="_ _5"/>sed a<span class="_ _5"/>s a se<span class="_ _5"/>pa<span class="_ _5"/>ra<span class="_ _5"/>te i<span class="_ _5"/>te<span class="_ _5"/>m in e<span class="_ _5"/>qu<span class="_ _5"/>it<span class="_ _5"/>y. Pro<span class="_ _5"/>p<span class="_ _5"/>ose<span class="_ _5"/>d di<span class="_ _5"/>v<span class="_ _5"/>i<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">de<span class="_ _5"/>nd<span class="_ _5"/>s are r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d as a l<span class="_ _5"/>iab<span class="_ _5"/>il<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _5"/>y at t<span class="_ _5"/>he d<span class="_ _5"/>at<span class="_ _5"/>e th<span class="_ _5"/>ey a<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adopted by<span class="_ _0"/> the Annual General Meeting (<span class="_ _0"/>declaration </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Equit<span class="_ _5"/>y</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> income and e<span class="_ _0"/>xpenses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial inc<span class="_ _0"/>ome and expenses<span class="_ _0"/> comprise inter<span class="_ _0"/>est </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income and<span class="_ _0"/> expenses, including int<span class="_ _0"/>erest on leases,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of<span class="_ _0"/> permanent loan facilities, gains<span class="_ _0"/> and losses<span class="_ _0"/> on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">securities, rec<span class="_ _0"/>eivables, payables<span class="_ _0"/> and transactions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">denominated<span class="_ _0"/> in foreign<span class="_ _0"/> currencies,<span class="_ _0"/> amort<span class="_ _5"/>isation of<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets and liabilities, etc.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> income and e<span class="_ _0"/>xpenses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial inc<span class="_ _0"/>ome and expenses<span class="_ _0"/> comprise inter<span class="_ _0"/>est </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income and<span class="_ _0"/> expenses, including int<span class="_ _0"/>erest on leases,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of<span class="_ _0"/> permanent loan facilities, gains<span class="_ _0"/> and losses<span class="_ _0"/> on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">securities, rec<span class="_ _0"/>eivables, payables<span class="_ _0"/> and transactions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">denominated<span class="_ _0"/> in foreign<span class="_ _0"/> currencies,<span class="_ _0"/> amort<span class="_ _5"/>isation of<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets and liabilities, etc.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> income and e<span class="_ _0"/>xpenses</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial inc<span class="_ _0"/>ome and expenses<span class="_ _0"/> comprise inter<span class="_ _0"/>est </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income and<span class="_ _0"/> expenses, including int<span class="_ _0"/>erest on leases,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of<span class="_ _0"/> permanent loan facilities, gains<span class="_ _0"/> and losses<span class="_ _0"/> on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">securities, rec<span class="_ _0"/>eivables, payables<span class="_ _0"/> and transactions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">denominated<span class="_ _0"/> in foreign<span class="_ _0"/> currencies,<span class="_ _0"/> amort<span class="_ _5"/>isation of<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial assets and liabilities, etc.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fi<span class="_ _5"/>na<span class="_ _5"/>nci<span class="_ _5"/>al a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s a<span class="_ _5"/>re m<span class="_ _5"/>ea<span class="_ _5"/>sur<span class="_ _5"/>ed a<span class="_ _5"/>t am<span class="_ _5"/>or<span class="_ _3"/>ti<span class="_ _5"/>se<span class="_ _5"/>d cos<span class="_ _5"/>t<span class="_ _5"/>. T<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group determines<span class="_ _0"/> the classification of its financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s at i<span class="_ _5"/>ni<span class="_ _5"/>ti<span class="_ _5"/>al re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>it<span class="_ _5"/>io<span class="_ _5"/>n<span class="_ _5"/>. Al<span class="_ _5"/>l f<span class="_ _5"/>in<span class="_ _5"/>an<span class="_ _5"/>ci<span class="_ _5"/>al a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s a<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in<span class="_ _5"/>it<span class="_ _5"/>ia<span class="_ _5"/>ll<span class="_ _5"/>y at f<span class="_ _5"/>a<span class="_ _5"/>ir va<span class="_ _5"/>lu<span class="_ _5"/>e p<span class="_ _5"/>lu<span class="_ _5"/>s, i<span class="_ _5"/>n th<span class="_ _5"/>e ca<span class="_ _5"/>se o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s not a<span class="_ _5"/>t f<span class="_ _5"/>ai<span class="_ _5"/>r va<span class="_ _5"/>lue t<span class="_ _5"/>h<span class="_ _5"/>rou<span class="_ _5"/>gh p<span class="_ _5"/>ro<span class="_ _5"/>f<span class="_ _5"/>it o<span class="_ _5"/>r l<span class="_ _5"/>os<span class="_ _5"/>s, d<span class="_ _5"/>ire<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>l<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">attribu<span class="_ _5"/>table transaction costs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All financial liabilities are<span class="_ _0"/> recognised in<span class="_ _0"/>itially at fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value and,<span class="_ _0"/> in the case<span class="_ _0"/> of loans<span class="_ _0"/> and borro<span class="_ _0"/>wings, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">carried at<span class="_ _0"/> amor<span class="_ _5"/>tised cost. This<span class="_ _0"/> includes directly attrib<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">utable transaction costs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> financial liabilities comprise<span class="_ _0"/> trade paya<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bles, borrowings<span class="_ _0"/> and other p<span class="_ _0"/>ayables.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fi<span class="_ _5"/>na<span class="_ _5"/>nci<span class="_ _5"/>al a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s a<span class="_ _5"/>re m<span class="_ _5"/>ea<span class="_ _5"/>sur<span class="_ _5"/>ed a<span class="_ _5"/>t am<span class="_ _5"/>or<span class="_ _3"/>ti<span class="_ _5"/>se<span class="_ _5"/>d cos<span class="_ _5"/>t<span class="_ _5"/>. T<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group determines<span class="_ _0"/> the classification of its financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s at i<span class="_ _5"/>ni<span class="_ _5"/>ti<span class="_ _5"/>al re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>it<span class="_ _5"/>io<span class="_ _5"/>n<span class="_ _5"/>. Al<span class="_ _5"/>l f<span class="_ _5"/>in<span class="_ _5"/>an<span class="_ _5"/>ci<span class="_ _5"/>al a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s a<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in<span class="_ _5"/>it<span class="_ _5"/>ia<span class="_ _5"/>ll<span class="_ _5"/>y at f<span class="_ _5"/>a<span class="_ _5"/>ir va<span class="_ _5"/>lu<span class="_ _5"/>e p<span class="_ _5"/>lu<span class="_ _5"/>s, i<span class="_ _5"/>n th<span class="_ _5"/>e ca<span class="_ _5"/>se o<span class="_ _5"/>f </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s not a<span class="_ _5"/>t f<span class="_ _5"/>ai<span class="_ _5"/>r va<span class="_ _5"/>lue t<span class="_ _5"/>h<span class="_ _5"/>rou<span class="_ _5"/>gh p<span class="_ _5"/>ro<span class="_ _5"/>f<span class="_ _5"/>it o<span class="_ _5"/>r l<span class="_ _5"/>os<span class="_ _5"/>s, d<span class="_ _5"/>ire<span class="_ _5"/>c<span class="_ _5"/>t<span class="_ _5"/>l<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">attribu<span class="_ _5"/>table transaction costs.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All financial liabilities are<span class="_ _0"/> recognised in<span class="_ _0"/>itially at fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value and,<span class="_ _0"/> in the case<span class="_ _0"/> of loans<span class="_ _0"/> and borro<span class="_ _0"/>wings, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">carried at<span class="_ _0"/> amor<span class="_ _5"/>tised cost. This<span class="_ _0"/> includes directly attrib<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">utable transaction costs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> financial liabilities comprise<span class="_ _0"/> trade paya<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bles, borrowings<span class="_ _0"/> and other p<span class="_ _0"/>ayables.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial<span class="_ _0"/> liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">All financial liabilities are<span class="_ _0"/> recognised in<span class="_ _0"/>itially at fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value and,<span class="_ _0"/> in the case<span class="_ _0"/> of loans<span class="_ _0"/> and borro<span class="_ _0"/>wings, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">carried at<span class="_ _0"/> amor<span class="_ _5"/>tised cost. This<span class="_ _0"/> includes directly attrib<span class="_ _5"/><span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">utable transaction costs.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group's<span class="_ _0"/> financial liabilities comprise<span class="_ _0"/> trade paya<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bles, borrowings<span class="_ _0"/> and other p<span class="_ _0"/>ayables.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 6<span class="_ _5"/>.1<span class="ff48 fc0 lsbe wsc9"> Ta<span class="_ _4"/>x</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:419.828125px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 86.5723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ax on profit / loss</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 199.717px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ax for the year can be specified as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 574.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income tax current year </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 350.232px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,980</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,687</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax movement current year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 291.141px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-4,689</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-3,592</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 573.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustment to income tax prior years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 289.641px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,916</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.8065px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,804</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 125.311px; width: 573.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustment to deferred tax movement prior years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.441px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,267</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.6426px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">220</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.389px; width: 573.879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Accrual for tax fine related to uncertain tax positions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.301px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 161.451px; width: 573.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income taxes recognised in the income statement </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 218.127px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,358</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">14,119</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 197.607px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Profit / loss before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 345.973px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-27,594</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">8,985</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 229.014px; width: 573.814px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ax rate, Denmark </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.919px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.7909px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">22%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 247.092px; width: 574.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Calculated tax at the applicable rate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 293.344px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-6,071</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,977</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 265.154px; width: 573.943px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Non-taxable income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 380.655px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-726</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 283.232px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Expenses not deductible for tax purposes </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 267.949px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">5,366</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,579</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 301.295px; width: 574.049px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustments to income tax prior years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.742px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,916</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,804</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 319.373px; width: 573.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustment to deferred tax movement prior years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.441px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,267</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 337.436px; width: 574.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustments related to deferred tax from tax loss carried forward</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 186.393px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-7,846</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 355.514px; width: 573.879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Accrual for tax fine related to uncertain tax positions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.301px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 373.576px; width: 574.014px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 453.69px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">331</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 391.654px; width: 573.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ax expense for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.145px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,358</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">14,119</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 409.717px; width: 573.885px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Effective tax rate, %</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.969px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4.92%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.7893px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">157.14%</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Uncertain tax positions</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2024, t<span class="_ _5"/>he G<span class="_ _5"/>ro<span class="_ _5"/>up h<span class="_ _5"/>ad a<span class="_ _5"/>n un<span class="_ _5"/>cer<span class="_ _3"/>ta<span class="_ _5"/>in t<span class="_ _5"/>ax p<span class="_ _5"/>os<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>on re<span class="_ _5"/>la<span class="_ _5"/>t-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed to<span class="_ _0"/> marketing c<span class="_ _0"/>ontribution provided to<span class="_ _0"/> foreign sub<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">si<span class="_ _5"/>dia<span class="_ _5"/>ri<span class="_ _5"/>es f<span class="_ _5"/>or t<span class="_ _5"/>he p<span class="_ _5"/>er<span class="_ _5"/>io<span class="_ _5"/>d<span class="_ _5"/>s 201<span class="_ _5"/>5<span class="_ _5"/>-20<span class="_ _5"/>18 a<span class="_ _5"/>nd 20<span class="_ _5"/>1<span class="_ _5"/>9<span class="_ _5"/>-2020.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In J<span class="_ _5"/>ul<span class="_ _5"/>y 2025, t<span class="_ _5"/>h<span class="_ _5"/>e Dan<span class="_ _5"/>is<span class="_ _5"/>h T<span class="_ _0"/>ax A<span class="_ _5"/>ut<span class="_ _5"/>ho<span class="_ _5"/>ri<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s pa<span class="_ _5"/>ss<span class="_ _5"/>ed a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ruling in<span class="_ _0"/> line with the company's<span class="_ _0"/> expec<span class="_ _5"/>tations and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">it<span class="_ _5"/>s e<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t wa<span class="_ _5"/>s f<span class="_ _5"/>ul<span class="_ _5"/>ly re<span class="_ _5"/>f<span class="_ _5"/>le<span class="_ _5"/>c<span class="_ _5"/>te<span class="_ _5"/>d an<span class="_ _5"/>d re<span class="_ _5"/>co<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed i<span class="_ _5"/>n th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Annual Report 20<span class="_ _0"/>2<span class="_ _0"/>4. HusCompagnie<span class="_ _0"/>t is c<span class="_ _0"/>onsidering </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fur<span class="_ _5"/>ther legal action and while<span class="_ _0"/> considering, deferral<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of pa<span class="_ _5"/>ym<span class="_ _5"/>en<span class="_ _5"/>t ha<span class="_ _5"/>s b<span class="_ _5"/>ee<span class="_ _5"/>n ap<span class="_ _5"/>pr<span class="_ _5"/>ove<span class="_ _5"/>d by th<span class="_ _5"/>e Da<span class="_ _5"/>ni<span class="_ _5"/>sh Tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Authorities. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No mark<span class="_ _0"/>eting contributions ha<span class="_ _0"/>ve been<span class="_ _0"/> made to<span class="_ _0"/> Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiaries sinc<span class="_ _0"/>e 20<span class="_ _0"/>20<span class="_ _0"/>, and thus<span class="_ _0"/> the ruling will ha<span class="_ _0"/>ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">no future<span class="_ _0"/> impact<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Regarding mar<span class="_ _0"/>keting c<span class="_ _0"/>ontribution 2019<span class="_ _5"/>-2020</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>he t<span class="_ _5"/>a<span class="_ _5"/>x au<span class="_ _5"/>di<span class="_ _5"/>t pe<span class="_ _5"/>r<span class="_ _5"/>fo<span class="_ _5"/>rm<span class="_ _5"/>e<span class="_ _5"/>d by t<span class="_ _5"/>he Da<span class="_ _5"/>ni<span class="_ _5"/>sh Tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Au<span class="_ _5"/>th<span class="_ _5"/>or<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>es in 2<span class="_ _5"/>024, the Tax Au<span class="_ _5"/>th<span class="_ _5"/>or<span class="_ _5"/>it<span class="_ _5"/>ie<span class="_ _5"/>s pa<span class="_ _5"/>ss<span class="_ _5"/>ed a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ruling in<span class="_ _0"/> 202<span class="_ _0"/>5 whereby<span class="_ _0"/> the T<span class="_ _1"/>ax Authorities reversed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">deduction of mark<span class="_ _0"/>eting contributions pr<span class="_ _0"/>ovided to<span class="_ _0"/> for<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eign subsidiaries<span class="_ _0"/> for the period<span class="_ _0"/> 2019-20<span class="_ _0"/>20 r<span class="_ _0"/>esulting in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a ta<span class="_ _5"/>x li<span class="_ _5"/>ab<span class="_ _5"/>il<span class="_ _5"/>it<span class="_ _3"/>y of DK<span class="_ _5"/>K 3<span class="_ _5"/>6 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n rel<span class="_ _5"/>at<span class="_ _5"/>ed to p<span class="_ _5"/>ri<span class="_ _5"/>or y<span class="_ _5"/>ea<span class="_ _5"/>rs<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e ef<span class="_ _5"/>f<span class="_ _5"/>ec<span class="_ _5"/>t o<span class="_ _5"/>f th<span class="_ _5"/>e ch<span class="_ _5"/>an<span class="_ _5"/>ge to t<span class="_ _5"/>a<span class="_ _5"/>xab<span class="_ _5"/>l<span class="_ _5"/>e in<span class="_ _5"/>com<span class="_ _5"/>e in p<span class="_ _5"/>ri<span class="_ _5"/>or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">yea<span class="_ _5"/>r<span class="_ _5"/>s wa<span class="_ _5"/>s ref<span class="_ _5"/>l<span class="_ _5"/>ec<span class="_ _3"/>ted i<span class="_ _5"/>n th<span class="_ _5"/>e 2024 cons<span class="_ _5"/>ol<span class="_ _5"/>id<span class="_ _5"/>at<span class="_ _5"/>ed i<span class="_ _5"/>nco<span class="_ _5"/>me </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">st<span class="_ _5"/>a<span class="_ _5"/>tem<span class="_ _5"/>en<span class="_ _5"/>t wi<span class="_ _5"/>t<span class="_ _5"/>h a re<span class="_ _5"/>cog<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d f<span class="_ _5"/>in<span class="_ _5"/>an<span class="_ _5"/>ci<span class="_ _5"/>al ex<span class="_ _5"/>p<span class="_ _5"/>en<span class="_ _5"/>se of D<span class="_ _5"/>K<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">10 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on a<span class="_ _5"/>nd t<span class="_ _5"/>ax o<span class="_ _5"/>n p<span class="_ _5"/>rof<span class="_ _5"/>i<span class="_ _5"/>t of D<span class="_ _5"/>K<span class="_ _5"/>K 2 mi<span class="_ _5"/>ll<span class="_ _5"/>ion<span class="_ _5"/>. A cu<span class="_ _5"/>rr<span class="_ _5"/>en<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ta<span class="_ _5"/>x li<span class="_ _5"/>ab<span class="_ _5"/>il<span class="_ _5"/>it<span class="_ _3"/>y of DK<span class="_ _5"/>K 3<span class="_ _5"/>6 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n, a c<span class="_ _5"/>ur<span class="_ _5"/>ren<span class="_ _5"/>t t<span class="_ _5"/>ax re<span class="_ _5"/>ce<span class="_ _5"/>iv<span class="_ _5"/>ab<span class="_ _5"/>le </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of D<span class="_ _5"/>KK 1<span class="_ _5"/>0 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n an<span class="_ _5"/>d a de<span class="_ _5"/>fe<span class="_ _5"/>rre<span class="_ _5"/>d ta<span class="_ _5"/>x a<span class="_ _5"/>ss<span class="_ _5"/>et of D<span class="_ _5"/>K<span class="_ _5"/>K 14 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">million wer<span class="_ _0"/>e recognised<span class="_ _0"/> in the consolidat<span class="_ _0"/>ed balance<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sh<span class="_ _5"/>ee<span class="_ _5"/>t for 2024. A<span class="_ _5"/>n ad<span class="_ _5"/>di<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>na<span class="_ _5"/>l f<span class="_ _5"/>in<span class="_ _5"/>an<span class="_ _5"/>cia<span class="_ _5"/>l ex<span class="_ _5"/>pe<span class="_ _5"/>ns<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rel<span class="_ _5"/>at<span class="_ _5"/>ed to t<span class="_ _5"/>h<span class="_ _5"/>e ta<span class="_ _5"/>x li<span class="_ _5"/>ab<span class="_ _5"/>il<span class="_ _5"/>it<span class="_ _3"/>y of DK<span class="_ _5"/>K 2<span class="_ _5"/>.3 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on h<span class="_ _5"/>as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been recognised<span class="_ _0"/> in the 2<span class="_ _0"/>02<span class="_ _0"/>5 consolidated<span class="_ _0"/> financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements<span class="_ _5"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Regarding mar<span class="_ _0"/>keting c<span class="_ _0"/>ontribution 2015<span class="_ _5"/>-2018</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In co<span class="_ _5"/>nn<span class="_ _5"/>ec<span class="_ _3"/>ti<span class="_ _5"/>on w<span class="_ _5"/>it<span class="_ _5"/>h t<span class="_ _5"/>he s<span class="_ _5"/>am<span class="_ _5"/>e ta<span class="_ _5"/>x au<span class="_ _5"/>d<span class="_ _5"/>it<span class="_ _5"/>, i<span class="_ _5"/>t ca<span class="_ _5"/>me t<span class="_ _5"/>o ou<span class="_ _5"/>r </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">attention, that corr<span class="_ _0"/>ec<span class="_ _5"/>tion of<span class="_ _0"/> a mark<span class="_ _0"/>eting contribution </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for t<span class="_ _5"/>h<span class="_ _5"/>e pe<span class="_ _5"/>ri<span class="_ _5"/>od 20<span class="_ _5"/>15<span class="_ _3"/>-201<span class="_ _5"/>8 ha<span class="_ _5"/>d mi<span class="_ _5"/>s<span class="_ _5"/>ta<span class="_ _5"/>ken<span class="_ _5"/>ly b<span class="_ _5"/>e<span class="_ _5"/>en s<span class="_ _5"/>ub<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mitted and subsequently corrected in<span class="_ _0"/> a later<span class="_ _0"/> income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">year<span class="_ _0"/>.<span class="_ _0"/> Following a c<span class="_ _0"/>onstruc<span class="_ _5"/>tive dialogue in<span class="_ _0"/> 20<span class="_ _0"/>25,<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e Da<span class="_ _5"/>ni<span class="_ _5"/>sh T<span class="_ _0"/>ax A<span class="_ _5"/>ut<span class="_ _5"/>h<span class="_ _5"/>or<span class="_ _5"/>it<span class="_ _5"/>ie<span class="_ _5"/>s ha<span class="_ _5"/>ve rev<span class="_ _5"/>oke<span class="_ _5"/>d th<span class="_ _5"/>ei<span class="_ _5"/>r in<span class="_ _5"/>it<span class="_ _5"/>ia<span class="_ _5"/>l </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">decision t<span class="_ _0"/>o deny<span class="_ _0"/> reopening and<span class="_ _0"/> correction of the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>com<span class="_ _5"/>e ta<span class="_ _5"/>x re<span class="_ _5"/>tu<span class="_ _5"/>rn f<span class="_ _5"/>or 2020, w<span class="_ _5"/>hi<span class="_ _5"/>ch co<span class="_ _5"/>ul<span class="_ _5"/>d po<span class="_ _5"/>te<span class="_ _5"/>nt<span class="_ _5"/>ia<span class="_ _5"/>ll<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hav<span class="_ _5"/>e en<span class="_ _5"/>ta<span class="_ _5"/>il<span class="_ _5"/>ed a<span class="_ _5"/>dd<span class="_ _5"/>it<span class="_ _5"/>i<span class="_ _5"/>ona<span class="_ _5"/>l t<span class="_ _5"/>ax a<span class="_ _5"/>nd i<span class="_ _5"/>nte<span class="_ _5"/>re<span class="_ _5"/>s<span class="_ _5"/>t exp<span class="_ _5"/>en<span class="_ _5"/>se<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of D<span class="_ _5"/>KK 25 m<span class="_ _5"/>il<span class="_ _5"/>li<span class="_ _5"/>on<span class="_ _5"/>. Se<span class="_ _5"/>e No<span class="_ _5"/>te 6<span class="_ _5"/>.9 Si<span class="_ _5"/>gn<span class="_ _5"/>if<span class="_ _3"/>ic<span class="_ _5"/>an<span class="_ _5"/>t es<span class="_ _5"/>t<span class="_ _5"/>im<span class="_ _5"/>ate<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and judge<span class="_ _0"/>ments.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>fer<span class="_ _5"/>red t<span class="_ _5"/>ax a<span class="_ _5"/>ss<span class="_ _5"/>et</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x as<span class="_ _5"/>se<span class="_ _5"/>t co<span class="_ _5"/>mp<span class="_ _5"/>ri<span class="_ _5"/>se<span class="_ _5"/>s a de<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x as<span class="_ _5"/>se<span class="_ _5"/>t f<span class="_ _5"/>rom t<span class="_ _5"/>a<span class="_ _5"/>x lo<span class="_ _5"/>ss<span class="_ _5"/>es c<span class="_ _5"/>ar<span class="_ _5"/>ri<span class="_ _5"/>ed fo<span class="_ _5"/>r<span class="_ _5"/>w<span class="_ _5"/>ar<span class="_ _5"/>d of D<span class="_ _5"/>KK 4<span class="_ _5"/>6.<span class="_ _5"/>4 mi<span class="_ _5"/>ll<span class="_ _5"/>io<span class="_ _5"/>n. H<span class="_ _5"/>er<span class="_ _5"/>eof D<span class="_ _5"/>K<span class="_ _5"/>K </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">41 mi<span class="_ _5"/>ll<span class="_ _5"/>ion r<span class="_ _5"/>el<span class="_ _5"/>ate<span class="_ _5"/>s to t<span class="_ _5"/>ax l<span class="_ _5"/>os<span class="_ _5"/>se<span class="_ _5"/>s ca<span class="_ _5"/>rr<span class="_ _5"/>ie<span class="_ _5"/>d fo<span class="_ _5"/>r<span class="_ _5"/>w<span class="_ _5"/>ard i<span class="_ _5"/>n t<span class="_ _5"/>he d<span class="_ _5"/>or<span class="_ _5"/>ma<span class="_ _5"/>nt G<span class="_ _5"/>er<span class="_ _5"/>ma<span class="_ _5"/>n su<span class="_ _5"/>bs<span class="_ _5"/>id<span class="_ _5"/>ia<span class="_ _5"/>r<span class="_ _5"/>y. The t<span class="_ _5"/>a<span class="_ _5"/>x lo<span class="_ _5"/>ss c<span class="_ _5"/>ar<span class="_ _5"/>ri<span class="_ _5"/>ed f<span class="_ _5"/>or<span class="_ _5"/>w<span class="_ _5"/>ar<span class="_ _5"/>d in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the German subsidiary is deductible in the Danish<span class="_ _0"/> jointly taxed c<span class="_ _0"/>ompanies and only<span class="_ _0"/> in the income<span class="_ _0"/> year when<span class="_ _0"/> final </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liquidation of the<span class="_ _0"/> subsidiary is completed. The<span class="_ _0"/> future utilisation of<span class="_ _0"/> the deferred<span class="_ _0"/> tax asset is<span class="_ _0"/> subject to uncertaint<span class="_ _5"/>y in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">respect of future<span class="_ _0"/> earnings of the<span class="_ _0"/> Danish jointly taxed<span class="_ _0"/> companies and<span class="_ _0"/> the timing of<span class="_ _0"/> final liquidation of the<span class="_ _0"/> subsidiar<span class="_ _5"/>y<span class="_ _0"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">however<span class="_ _0"/> Management has assessed<span class="_ _0"/> that the asset<span class="_ _0"/> will be fully utilised within the<span class="_ _0"/> following five<span class="_ _5"/>-year period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:135.421875px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 77.6484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net deferred tax</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 574.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net deferred tax at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 320.772px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,030</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,412</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 574.049px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Recognised in profit/loss</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 348.252px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4,689</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,592</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 574.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustments relating to prior years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 300.352px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,267</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-220</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Exchange differences </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.576px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-140</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">246</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 125.311px; width: 573.932px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net deferred tax at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.352px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9,312</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7404px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">6,030</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ne<span class="_ _5"/>t de<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x i<span class="_ _5"/>s pre<span class="_ _5"/>se<span class="_ _5"/>nt<span class="_ _5"/>ed i<span class="_ _5"/>n th<span class="_ _5"/>e ba<span class="_ _5"/>la<span class="_ _5"/>nce s<span class="_ _5"/>he<span class="_ _5"/>et a<span class="_ _5"/>s fo<span class="_ _5"/>ll<span class="_ _5"/>ow<span class="_ _5"/>s: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:148.171875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 255.25px; top: 0.0136718px; width: 66.457px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 340.984px; top: 0.0136718px; width: 66.457px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 425.531px; top: 0.0136718px; width: 66.457px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax </span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 511px; top: 0.0136718px; width: 66.457px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax </span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 12.7637px; width: 44.168px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 261.125px; top: 12.7637px; width: 57.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">asset 2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 336.141px; top: 12.7637px; width: 67.4238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liability 2025</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 431.141px; top: 12.7637px; width: 57.7852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">asset 2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 506.594px; top: 12.7637px; width: 67.4238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">liability 2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 47.7012px; width: 573.879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Intangible assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 214.336px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,597</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">18</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 65.7793px; width: 238.456px; white-space: pre; word-spacing: 0px; letter-spacing: -0.1029px; margin-left: 0px; font-size: 10.29px; font-family: ff21; -webkit-text-stroke: 0.15435px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Right-of-use assets and property</span><span style="word-spacing: 0px; letter-spacing: -0.1029px; display: inline-block; margin-left: -0.497448px; width: 0px; font-size: 10.29px; font-family: ff21; -webkit-text-stroke: 0.15435px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">, plant and equipment</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 288.219px; top: 65.7793px; width: 285.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">-8,415</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-8,419</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-6,509</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.3457px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9,336</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 83.8574px; width: 573.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Construction contracts </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 175.992px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-23,355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2636px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-22,177</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 101.92px; width: 574.008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other payables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 220.928px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">1,551</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 119.998px; width: 573.82px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ax loss carried forward</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 175.992px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">46,353</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">44,030</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.756px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 138.061px; width: 573.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Deferred tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 223.91px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">17,731</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.2852px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-8,419</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">15,366</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.9042px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-9,336</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:280px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 417.135px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 111.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net income tax payable</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0449px; width: 573.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net income tax payable at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.967px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,755</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">19,427</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Foreign ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">change adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 325.94px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-569</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.3906px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-571</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1855px; width: 573.984px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Adjustment of income tax related to prior years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 242.853px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-1,916</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">11,804</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 574.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Current tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 410.408px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,980</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">3,687</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 125.326px; width: 573.756px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income tax paid during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.02px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-4,307</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.6482px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-16,592</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 143.389px; width: 573.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Accrual for tax interests related to uncertain tax position</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.861px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,488</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.2167px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 161.467px; width: 573.879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Accrual for tax fine related to uncertain tax positions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.301px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,000</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 179.529px; width: 574.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net income tax payable at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.488px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,431</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.4062px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">29,755</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 215.686px; width: 314.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net income tax payable is presented in the balance sheet as follows:</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 233.748px; width: 573.908px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income tax receivable</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 354.193px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">10,378</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">9,528</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 251.826px; width: 574.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Income tax payable</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 362.426px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-39,809</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.0645px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-39,283</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 269.889px; width: 574.09px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Net income tax payable at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 259.172px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-29,431</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4239px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">-29,755</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 6<span class="_ _5"/>.<span class="_ _3"/>4<span class="ff48 fc0 ls3e ws3e"> <span class="_ _5c"> </span>Auditor<span class="_ _5"/>’<span class="_ _0"/>s fee</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:117.359375px;"><span class="pp-font-color-override-2" style="position: absolute; display: inline-block; left: 0px; top: 0.0136718px; width: 574.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Fees to auditors</span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span class="pp-font-color-override-2" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">DKK’000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 332.133px; font-size: 11.25px; font-family: ff21; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span></span><span class="pp-font-color-override-1" style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2024</span></span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 34.9668px; width: 574.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Audit services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 396.791px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,286</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.492px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,244</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 53.0293px; width: 573.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other assurance engagements*</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 330.48px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.5741px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">21</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 71.1074px; width: 573.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">ax advisory services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.919px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">25</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">170</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 89.1699px; width: 574.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Other non-audit services*</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.625px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">109</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1991px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">235</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 107.248px; width: 573.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.1421px; width: 0px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 436.939px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,441</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.1795px; font-size: 10.5px; font-family: ff22; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2,670</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">* <span class="_ _7f"> </span>The fee<span class="_ _0"/> for non-audit services and assurance<span class="_ _0"/> engagements provided by<span class="_ _0"/> EY Godkendt R<span class="_ _0"/>evisionspart<span class="_ _5"/>nerselskab to<span class="_ _0"/> the Group amounts t<span class="_ _0"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 0.2 milli<span class="_ _0"/>on (20<span class="_ _0"/>24<span class="_ _0"/>: DKK 0.<span class="_ _0"/>4 million)<span class="_ _0"/> and consists of<span class="_ _0"/> other assurance<span class="_ _0"/> engagements, tax and V<span class="_ _0"/>A<span class="_ _1"/>T advisor<span class="_ _5"/>y services and other<span class="_ _0"/> ser<span class="_ _5"/>vices.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 6<span class="_ _5"/>.5<span class="_ _5"/><span class="ff48 fc0 ls0 ws0"> <span class="_ _5c"> </span>E<span class="_ _1"/>ven<span class="_ _0"/>ts a<span class="_ _0"/>f<span class="_ _3"/>t<span class="_ _0"/>er t<span class="_ _0"/>he b<span class="_ _0"/>alan<span class="_ _0"/>ce shee<span class="_ _0"/>t da<span class="_ _0"/>t<span class="_ _0"/>e</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No m<span class="_ _5"/>ate<span class="_ _5"/>r<span class="_ _5"/>ial e<span class="_ _5"/>ven<span class="_ _5"/>t<span class="_ _5"/>s ha<span class="_ _5"/>ve oc<span class="_ _5"/>cu<span class="_ _5"/>rre<span class="_ _5"/>d be<span class="_ _5"/>t<span class="_ _5"/>we<span class="_ _5"/>en 3<span class="_ _5"/>1 D<span class="_ _5"/>ece<span class="_ _5"/>mb<span class="_ _5"/>er 2<span class="_ _5"/>025 and t<span class="_ _5"/>h<span class="_ _5"/>e da<span class="_ _5"/>te of p<span class="_ _5"/>ub<span class="_ _5"/>li<span class="_ _5"/>ca<span class="_ _5"/>ti<span class="_ _5"/>on o<span class="_ _5"/>f th<span class="_ _5"/>is a<span class="_ _5"/>nn<span class="_ _5"/>ua<span class="_ _5"/>l re<span class="_ _5"/>po<span class="_ _5"/>r<span class="_ _5"/>t t<span class="_ _5"/>ha<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hav<span class="_ _5"/>e not a<span class="_ _5"/>lr<span class="_ _5"/>ea<span class="_ _5"/>dy b<span class="_ _5"/>ee<span class="_ _5"/>n in<span class="_ _5"/>cl<span class="_ _5"/>ud<span class="_ _5"/>ed i<span class="_ _5"/>n t<span class="_ _5"/>he a<span class="_ _5"/>nn<span class="_ _5"/>ual r<span class="_ _5"/>ep<span class="_ _5"/>or<span class="_ _3"/>t an<span class="_ _5"/>d th<span class="_ _5"/>at w<span class="_ _5"/>ou<span class="_ _5"/>ld h<span class="_ _5"/>ave a m<span class="_ _5"/>ate<span class="_ _5"/>ri<span class="_ _5"/>al e<span class="_ _5"/>f<span class="_ _5"/>fe<span class="_ _5"/>c<span class="_ _5"/>t o<span class="_ _5"/>n th<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>ss<span class="_ _5"/>me<span class="_ _5"/>nt o<span class="_ _5"/>f th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group’<span class="_ _0"/>s financial position.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 6<span class="_ _5"/>.<span class="_ _5"/>3</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _5c"> </span>Related pa<span class="_ _5"/>r<span class="_ _3"/>ties</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>ransactions with Ex<span class="_ _0"/>ecutive Management <span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and Board<span class="_ _0"/> of Directors</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _1"/>ran<span class="_ _5"/>sactions with the Executive Management and the<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Board of<span class="_ _0"/> Directors include transactions with compa<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">nie<span class="_ _5"/>s co<span class="_ _5"/>nt<span class="_ _5"/>ro<span class="_ _5"/>ll<span class="_ _5"/>ed b<span class="_ _5"/>y th<span class="_ _5"/>e E<span class="_ _5"/>xec<span class="_ _5"/>ut<span class="_ _5"/>i<span class="_ _5"/>ve M<span class="_ _5"/>an<span class="_ _5"/>ag<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t an<span class="_ _5"/>d th<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bo<span class="_ _5"/>ard o<span class="_ _5"/>f Di<span class="_ _5"/>re<span class="_ _5"/>c<span class="_ _5"/>to<span class="_ _5"/>rs<span class="_ _5"/>. Re<span class="_ _5"/>fer<span class="_ _5"/>en<span class="_ _5"/>ce is m<span class="_ _5"/>ad<span class="_ _5"/>e to N<span class="_ _5"/>ote 2<span class="_ _5"/>.4 a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No<span class="_ _5"/>te 2.<span class="_ _5"/>5.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Related parties with significant influence</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">HusCompagniet A<span class="_ _5"/>/S has<span class="_ _0"/> no related<span class="_ _0"/> part<span class="_ _5"/>ies ex<span class="_ _0"/>ercis<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>g con<span class="_ _5"/>t<span class="_ _5"/>rol o<span class="_ _5"/>f th<span class="_ _5"/>e G<span class="_ _5"/>rou<span class="_ _5"/>p an<span class="_ _5"/>d no r<span class="_ _5"/>el<span class="_ _5"/>ate<span class="_ _5"/>d pa<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>ie<span class="_ _5"/>s wi<span class="_ _5"/>t<span class="_ _5"/>h </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant influ<span class="_ _5"/>ence o<span class="_ _0"/>ther than k<span class="_ _0"/>ey management </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pe<span class="_ _5"/>rs<span class="_ _5"/>on<span class="_ _5"/>ne<span class="_ _5"/>l in t<span class="_ _5"/>h<span class="_ _5"/>e for<span class="_ _5"/>m of t<span class="_ _5"/>he B<span class="_ _5"/>oa<span class="_ _5"/>rd o<span class="_ _5"/>f Di<span class="_ _5"/>re<span class="_ _5"/>c<span class="_ _5"/>to<span class="_ _5"/>rs a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Executive Management.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sig<span class="_ _5"/>nif<span class="_ _5"/>i<span class="_ _5"/>can<span class="_ _5"/>t tr<span class="_ _5"/>ans<span class="_ _5"/>ac<span class="_ _5"/>t<span class="_ _5"/>ion<span class="_ _5"/>s be<span class="_ _5"/>t<span class="_ _5"/>wee<span class="_ _5"/>n th<span class="_ _5"/>e Gr<span class="_ _5"/>oup a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">related part<span class="_ _5"/>ies with significant influence</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">There w<span class="_ _0"/>ere no<span class="_ _0"/> transac<span class="_ _5"/>tions between the Group and<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">related parties with significant influence besides </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">remuneration in<span class="_ _0"/> 202<span class="_ _0"/>5 (2<span class="_ _0"/>02<span class="_ _0"/>4:<span class="_ _0"/> no transactions besides </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">remuneration).</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 6<span class="_ _5"/>.<span class="_ _5"/>6<span class="ff48 fc0 ls0 ws0"> <span class="_ _5c"> </span>L<span class="_ _5"/>is<span class="_ _0"/>t of Gr<span class="_ _0"/>ou<span class="_ _0"/>p comp<span class="_ _0"/>an<span class="_ _0"/>ies</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In<span class="_ _5"/>ves<span class="_ _5"/>t<span class="_ _5"/>me<span class="_ _5"/>nt i<span class="_ _5"/>n G<span class="_ _5"/>rou<span class="_ _5"/>p co<span class="_ _5"/>mp<span class="_ _5"/>ani<span class="_ _5"/>es c<span class="_ _5"/>om<span class="_ _5"/>pr<span class="_ _5"/>is<span class="_ _5"/>es t<span class="_ _5"/>he f<span class="_ _5"/>ol<span class="_ _5"/>lo<span class="_ _5"/>wi<span class="_ _5"/>ng a<span class="_ _5"/>t 31 D<span class="_ _5"/>ec<span class="_ _5"/>em<span class="_ _5"/>be<span class="_ _5"/>r 2025.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:238.921875px;"><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 350.484px; top: 0.0136718px; width: 204.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Country of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1875px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">% equity interest</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 13.1543px; width: 573.65px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Name</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.549px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">incorporation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">2025</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.7248px; font-size: 11.25px; font-family: ff22; -webkit-text-stroke: 0.16875px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2024</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 48.1074px; width: 574.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">HusCompagniet Holding A/S</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.893px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 66.1699px; width: 574.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">HusCompagniet Danmark A/S</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 224.402px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 84.248px; width: 574.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">HusCompagniet B2B A/S</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 246.463px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 102.311px; width: 573.967px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">HusCompagniet Production A/S</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 215.953px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Denmark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 120.389px; width: 574.107px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Svenska HusCompagniet AB</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 234.252px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 138.451px; width: 574.113px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.5076px; width: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"/><span style="display: inline-block;">årgårdaHus AB</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 290.092px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 156.529px; width: 574.107px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">HusCompagniet Sverige AB</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 238.084px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 174.592px; width: 574.107px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Svenska HusCompagniet Fastighetsutveckling AB</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 137.139px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 192.67px; width: 574.049px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Svenska HusCompagniet Fastighetsutveckling Allerum 1 AB</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.1054px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 210.732px; width: 574.049px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Svenska HusCompagniet Fastighetsutveckling Allerum 2 AB</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.1054px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Sweden</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span></span><span class="pp-font-color-override-1" style="position: absolute; display: inline-block; left: 0px; top: 228.811px; width: 574.072px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;">Die Haus-Compagnie GmbH*</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.965px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">Germany</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.5529px; font-size: 10.5px; font-family: ff21; -webkit-text-stroke: 0.1575px rgba(0, 0, 0, 0);"><span style="display: inline-block;"> </span></span><span style="display: inline-block;">100%</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">* <span class="_ _7f"> </span>Die Haus-Compagnie GmbH<span class="_ _5"/>, Deutschland sind<span class="_ _0"/> eine vollständig k<span class="_ _0"/>onsolidierte T<span class="_ _0"/>ochtergesellschaft, die F<span class="_ _0"/>reistellungsbestimmung in §<span class="_ _0"/> 264, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ab<span class="_ _5"/>sa<span class="_ _5"/>t<span class="_ _5"/>z 3 H<span class="_ _5"/>GB n<span class="_ _5"/>u<span class="_ _5"/>tz<span class="_ _5"/>en<span class="_ _5"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 6<span class="_ _5"/>.<span class="_ _5"/>8</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _183"> </span>Acc<span class="_ _5"/>ounting<span class="_ _5"/> pol<span class="_ _5"/>icies<span class="_ _5"/> relat<span class="_ _0"/>ed<span class="_ _5"/> t<span class="_ _0"/>o <span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">O<span class="_ _5"/>ther<span class="_ _5"/> disclo<span class="_ _5"/>sures</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Curr<span class="_ _5"/>en<span class="_ _5"/>t inco<span class="_ _5"/>me t<span class="_ _5"/>ax</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Th<span class="_ _5"/>e par<span class="_ _5"/>en<span class="_ _5"/>t co<span class="_ _5"/>mp<span class="_ _5"/>any i<span class="_ _5"/>s jo<span class="_ _5"/>in<span class="_ _5"/>tl<span class="_ _5"/>y t<span class="_ _5"/>ax<span class="_ _5"/>ed w<span class="_ _5"/>it<span class="_ _5"/>h al<span class="_ _5"/>l Da<span class="_ _5"/>ni<span class="_ _5"/>sh </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiaries. The<span class="_ _0"/> current Danish<span class="_ _0"/> income tax is<span class="_ _0"/> allocat<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ed b<span class="_ _5"/>et<span class="_ _5"/>w<span class="_ _5"/>ee<span class="_ _5"/>n th<span class="_ _5"/>e jo<span class="_ _5"/>in<span class="_ _5"/>tl<span class="_ _5"/>y<span class="_ _5"/>-<span class="_ _5"/>ta<span class="_ _5"/>xed c<span class="_ _5"/>om<span class="_ _5"/>pa<span class="_ _5"/>nie<span class="_ _5"/>s in p<span class="_ _5"/>ro<span class="_ _5"/>po<span class="_ _5"/>r<span class="_ _5"/>t<span class="_ _5"/>io<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to their<span class="_ _0"/> taxable income.<span class="_ _0"/> The jointly-taxed companies<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are taxed<span class="_ _0"/> under the on-account tax<span class="_ _0"/> scheme.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _0"/>ax fo<span class="_ _5"/>r t<span class="_ _5"/>he ye<span class="_ _5"/>ar co<span class="_ _5"/>mp<span class="_ _5"/>ri<span class="_ _5"/>se<span class="_ _5"/>s cu<span class="_ _5"/>rr<span class="_ _5"/>en<span class="_ _5"/>t ta<span class="_ _5"/>x an<span class="_ _5"/>d ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in d<span class="_ _5"/>efe<span class="_ _5"/>rr<span class="_ _5"/>ed t<span class="_ _5"/>ax f<span class="_ _5"/>or t<span class="_ _5"/>he y<span class="_ _5"/>ea<span class="_ _5"/>r. The ta<span class="_ _5"/>x ex<span class="_ _5"/>pe<span class="_ _5"/>ns<span class="_ _5"/>e re<span class="_ _5"/>la<span class="_ _5"/>ti<span class="_ _5"/>ng </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to t<span class="_ _5"/>he p<span class="_ _5"/>rof<span class="_ _5"/>i<span class="_ _5"/>t<span class="_ _3"/>/(l<span class="_ _5"/>os<span class="_ _5"/>s) fo<span class="_ _5"/>r th<span class="_ _5"/>e yea<span class="_ _5"/>r i<span class="_ _5"/>s rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in t<span class="_ _5"/>he </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement, and the<span class="_ _0"/> tax expense r<span class="_ _0"/>elating to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounts recognised in<span class="_ _0"/> other comprehensive<span class="_ _0"/> income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is recognised<span class="_ _0"/> in other c<span class="_ _0"/>omprehensive income<span class="_ _0"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Current tax pa<span class="_ _0"/>yable is rec<span class="_ _0"/>ognised in curr<span class="_ _0"/>ent liabilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and deferred<span class="_ _0"/> tax is r<span class="_ _0"/>ecognised in non-current liabil<span class="ls0 ws0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">it<span class="_ _5"/>ie<span class="_ _5"/>s. Tax rec<span class="_ _5"/>ei<span class="_ _5"/>va<span class="_ _5"/>bl<span class="_ _5"/>e is r<span class="_ _5"/>eco<span class="_ _5"/>gn<span class="_ _5"/>is<span class="_ _5"/>ed i<span class="_ _5"/>n cu<span class="_ _5"/>rr<span class="_ _5"/>en<span class="_ _5"/>t as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an<span class="_ _5"/>d de<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s ar<span class="_ _5"/>e rec<span class="_ _5"/>og<span class="_ _5"/>ni<span class="_ _5"/>se<span class="_ _5"/>d in n<span class="_ _5"/>on<span class="_ _5"/>-<span class="_ _5"/>c<span class="_ _5"/>ur<span class="_ _5"/>re<span class="_ _5"/>nt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>fer<span class="_ _5"/>red t<span class="_ _5"/>ax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Current tax pa<span class="_ _0"/>yable and rec<span class="_ _0"/>eivable is recognised<span class="_ _0"/> in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ba<span class="_ _5"/>la<span class="_ _5"/>nce s<span class="_ _5"/>he<span class="_ _5"/>et a<span class="_ _5"/>s ta<span class="_ _5"/>x co<span class="_ _5"/>mp<span class="_ _5"/>u<span class="_ _5"/>ted o<span class="_ _5"/>n th<span class="_ _5"/>e t<span class="_ _5"/>axa<span class="_ _5"/>b<span class="_ _5"/>le </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>com<span class="_ _5"/>e fo<span class="_ _5"/>r th<span class="_ _5"/>e yea<span class="_ _5"/>r, adj<span class="_ _5"/>us<span class="_ _5"/>te<span class="_ _5"/>d fo<span class="_ _5"/>r ta<span class="_ _5"/>x on t<span class="_ _5"/>h<span class="_ _5"/>e ta<span class="_ _5"/>xa<span class="_ _5"/>bl<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>com<span class="_ _5"/>e of p<span class="_ _5"/>ri<span class="_ _5"/>or ye<span class="_ _5"/>ar<span class="_ _5"/>s a<span class="_ _5"/>nd fo<span class="_ _5"/>r t<span class="_ _5"/>ax p<span class="_ _5"/>ai<span class="_ _5"/>d on a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred tax<span class="_ _0"/> is measured<span class="_ _0"/> using the balance<span class="_ _0"/> sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liability method on all t<span class="_ _0"/>emporar<span class="_ _5"/>y differences between </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ca<span class="_ _5"/>rr<span class="_ _3"/>yi<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t an<span class="_ _5"/>d t<span class="_ _5"/>he t<span class="_ _5"/>ax b<span class="_ _5"/>as<span class="_ _5"/>e of a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities. Where alternative<span class="_ _0"/> tax rules can<span class="_ _0"/> be applied </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to de<span class="_ _5"/>te<span class="_ _5"/>rm<span class="_ _5"/>in<span class="_ _5"/>e th<span class="_ _5"/>e ta<span class="_ _5"/>x ba<span class="_ _5"/>se<span class="_ _5"/>, def<span class="_ _5"/>er<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x is m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>he p<span class="_ _5"/>la<span class="_ _5"/>nn<span class="_ _5"/>ed u<span class="_ _5"/>se o<span class="_ _5"/>f th<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t or s<span class="_ _5"/>et<span class="_ _5"/>t<span class="_ _5"/>l<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the<span class="_ _0"/> liabilit<span class="_ _5"/>y<span class="_ _0"/>, respectively.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>, inc<span class="_ _5"/>lu<span class="_ _5"/>di<span class="_ _5"/>ng t<span class="_ _5"/>h<span class="_ _5"/>e ta<span class="_ _5"/>x ba<span class="_ _5"/>se o<span class="_ _5"/>f ta<span class="_ _5"/>x lo<span class="_ _5"/>ss </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>rr<span class="_ _3"/>y-<span class="_ _5"/>fo<span class="_ _5"/>r<span class="_ _5"/>w<span class="_ _5"/>ard<span class="_ _5"/>s<span class="_ _5"/>, are m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d at t<span class="_ _5"/>he ex<span class="_ _5"/>p<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>ed v<span class="_ _5"/>al<span class="_ _5"/>ue </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of t<span class="_ _5"/>he<span class="_ _5"/>ir u<span class="_ _5"/>ti<span class="_ _5"/>li<span class="_ _5"/>sa<span class="_ _5"/>t<span class="_ _5"/>ion<span class="_ _5"/>; ei<span class="_ _5"/>th<span class="_ _5"/>er a<span class="_ _5"/>s a se<span class="_ _5"/>t-<span class="_ _5"/>of<span class="_ _3"/>f ag<span class="_ _5"/>ai<span class="_ _5"/>ns<span class="_ _5"/>t t<span class="_ _5"/>ax o<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fu<span class="_ _5"/>tu<span class="_ _5"/>re in<span class="_ _5"/>co<span class="_ _5"/>me o<span class="_ _5"/>r as a s<span class="_ _5"/>et-<span class="_ _3"/>of<span class="_ _5"/>f a<span class="_ _5"/>ga<span class="_ _5"/>in<span class="_ _5"/>st d<span class="_ _5"/>ef<span class="_ _5"/>er<span class="_ _5"/>red t<span class="_ _5"/>a<span class="_ _5"/>x </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities in the<span class="_ _0"/> same legal tax entity.<span class="_ _0"/> Any deferr<span class="_ _0"/>ed net </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets are me<span class="_ _0"/>asured at<span class="_ _0"/> net realisable<span class="_ _0"/> values. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x is m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d acc<span class="_ _5"/>ord<span class="_ _5"/>in<span class="_ _5"/>g to t<span class="_ _5"/>he t<span class="_ _5"/>a<span class="_ _5"/>x ru<span class="_ _5"/>le<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and at<span class="_ _0"/> the tax rates<span class="_ _0"/> applicable at the balance<span class="_ _0"/> sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">da<span class="_ _5"/>te wh<span class="_ _5"/>en t<span class="_ _5"/>h<span class="_ _5"/>e de<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x is e<span class="_ _5"/>xp<span class="_ _5"/>ec<span class="_ _3"/>ted t<span class="_ _5"/>o cr<span class="_ _5"/>y<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>al<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">li<span class="_ _5"/>se a<span class="_ _5"/>s cur<span class="_ _5"/>re<span class="_ _5"/>nt t<span class="_ _5"/>a<span class="_ _5"/>x. C<span class="_ _5"/>ha<span class="_ _5"/>ng<span class="_ _5"/>es i<span class="_ _5"/>n de<span class="_ _5"/>fe<span class="_ _5"/>rre<span class="_ _5"/>d ta<span class="_ _5"/>x d<span class="_ _5"/>ue to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s in t<span class="_ _5"/>he t<span class="_ _5"/>ax r<span class="_ _5"/>at<span class="_ _5"/>e are r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>ni<span class="_ _5"/>sed i<span class="_ _5"/>n t<span class="_ _5"/>he i<span class="_ _5"/>nco<span class="_ _5"/>me </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>fer<span class="_ _5"/>red t<span class="_ _5"/>ax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Current tax pa<span class="_ _0"/>yable and rec<span class="_ _0"/>eivable is recognised<span class="_ _0"/> in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ba<span class="_ _5"/>la<span class="_ _5"/>nce s<span class="_ _5"/>he<span class="_ _5"/>et a<span class="_ _5"/>s ta<span class="_ _5"/>x co<span class="_ _5"/>mp<span class="_ _5"/>u<span class="_ _5"/>ted o<span class="_ _5"/>n th<span class="_ _5"/>e t<span class="_ _5"/>axa<span class="_ _5"/>b<span class="_ _5"/>le </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>com<span class="_ _5"/>e fo<span class="_ _5"/>r th<span class="_ _5"/>e yea<span class="_ _5"/>r, adj<span class="_ _5"/>us<span class="_ _5"/>te<span class="_ _5"/>d fo<span class="_ _5"/>r ta<span class="_ _5"/>x on t<span class="_ _5"/>h<span class="_ _5"/>e ta<span class="_ _5"/>xa<span class="_ _5"/>bl<span class="_ _5"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in<span class="_ _5"/>com<span class="_ _5"/>e of p<span class="_ _5"/>ri<span class="_ _5"/>or ye<span class="_ _5"/>ar<span class="_ _5"/>s a<span class="_ _5"/>nd fo<span class="_ _5"/>r t<span class="_ _5"/>ax p<span class="_ _5"/>ai<span class="_ _5"/>d on a<span class="_ _5"/>cco<span class="_ _5"/>un<span class="_ _5"/>t<span class="_ _5"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred tax<span class="_ _0"/> is measured<span class="_ _0"/> using the balance<span class="_ _0"/> sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liability method on all t<span class="_ _0"/>emporar<span class="_ _5"/>y differences between </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">th<span class="_ _5"/>e ca<span class="_ _5"/>rr<span class="_ _3"/>yi<span class="_ _5"/>ng a<span class="_ _5"/>mo<span class="_ _5"/>un<span class="_ _5"/>t an<span class="_ _5"/>d t<span class="_ _5"/>he t<span class="_ _5"/>ax b<span class="_ _5"/>as<span class="_ _5"/>e of a<span class="_ _5"/>ss<span class="_ _5"/>et<span class="_ _5"/>s a<span class="_ _5"/>nd </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities. Where alternative<span class="_ _0"/> tax rules can<span class="_ _0"/> be applied </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to de<span class="_ _5"/>te<span class="_ _5"/>rm<span class="_ _5"/>in<span class="_ _5"/>e th<span class="_ _5"/>e ta<span class="_ _5"/>x ba<span class="_ _5"/>se<span class="_ _5"/>, def<span class="_ _5"/>er<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x is m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ba<span class="_ _5"/>se<span class="_ _5"/>d on t<span class="_ _5"/>he p<span class="_ _5"/>la<span class="_ _5"/>nn<span class="_ _5"/>ed u<span class="_ _5"/>se o<span class="_ _5"/>f th<span class="_ _5"/>e as<span class="_ _5"/>se<span class="_ _5"/>t or s<span class="_ _5"/>et<span class="_ _5"/>t<span class="_ _5"/>l<span class="_ _5"/>em<span class="_ _5"/>en<span class="_ _5"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the<span class="_ _0"/> liabilit<span class="_ _5"/>y<span class="_ _0"/>, respectively.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x as<span class="_ _5"/>se<span class="_ _5"/>t<span class="_ _5"/>s<span class="_ _5"/>, inc<span class="_ _5"/>lu<span class="_ _5"/>di<span class="_ _5"/>ng t<span class="_ _5"/>h<span class="_ _5"/>e ta<span class="_ _5"/>x ba<span class="_ _5"/>se o<span class="_ _5"/>f ta<span class="_ _5"/>x lo<span class="_ _5"/>ss </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>rr<span class="_ _3"/>y-<span class="_ _5"/>fo<span class="_ _5"/>r<span class="_ _5"/>w<span class="_ _5"/>ard<span class="_ _5"/>s<span class="_ _5"/>, are m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d at t<span class="_ _5"/>he ex<span class="_ _5"/>p<span class="_ _5"/>ec<span class="_ _5"/>t<span class="_ _5"/>ed v<span class="_ _5"/>al<span class="_ _5"/>ue </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of t<span class="_ _5"/>he<span class="_ _5"/>ir u<span class="_ _5"/>ti<span class="_ _5"/>li<span class="_ _5"/>sa<span class="_ _5"/>t<span class="_ _5"/>ion<span class="_ _5"/>; ei<span class="_ _5"/>th<span class="_ _5"/>er a<span class="_ _5"/>s a se<span class="_ _5"/>t-<span class="_ _5"/>of<span class="_ _3"/>f ag<span class="_ _5"/>ai<span class="_ _5"/>ns<span class="_ _5"/>t t<span class="_ _5"/>ax o<span class="_ _5"/>n </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fu<span class="_ _5"/>tu<span class="_ _5"/>re in<span class="_ _5"/>co<span class="_ _5"/>me o<span class="_ _5"/>r as a s<span class="_ _5"/>et-<span class="_ _3"/>of<span class="_ _5"/>f a<span class="_ _5"/>ga<span class="_ _5"/>in<span class="_ _5"/>st d<span class="_ _5"/>ef<span class="_ _5"/>er<span class="_ _5"/>red t<span class="_ _5"/>a<span class="_ _5"/>x </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities in the<span class="_ _0"/> same legal tax entity.<span class="_ _0"/> Any deferr<span class="_ _0"/>ed net </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets are me<span class="_ _0"/>asured at<span class="_ _0"/> net realisable<span class="_ _0"/> values. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">De<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x is m<span class="_ _5"/>ea<span class="_ _5"/>su<span class="_ _5"/>re<span class="_ _5"/>d acc<span class="_ _5"/>ord<span class="_ _5"/>in<span class="_ _5"/>g to t<span class="_ _5"/>he t<span class="_ _5"/>a<span class="_ _5"/>x ru<span class="_ _5"/>le<span class="_ _5"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and at<span class="_ _0"/> the tax rates<span class="_ _0"/> applicable at the balance<span class="_ _0"/> sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">da<span class="_ _5"/>te wh<span class="_ _5"/>en t<span class="_ _5"/>h<span class="_ _5"/>e de<span class="_ _5"/>fer<span class="_ _5"/>re<span class="_ _5"/>d ta<span class="_ _5"/>x is e<span class="_ _5"/>xp<span class="_ _5"/>ec<span class="_ _3"/>ted t<span class="_ _5"/>o cr<span class="_ _5"/>y<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>al<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">li<span class="_ _5"/>se a<span class="_ _5"/>s cur<span class="_ _5"/>re<span class="_ _5"/>nt t<span class="_ _5"/>a<span class="_ _5"/>x. C<span class="_ _5"/>ha<span class="_ _5"/>ng<span class="_ _5"/>es i<span class="_ _5"/>n de<span class="_ _5"/>fe<span class="_ _5"/>rre<span class="_ _5"/>d ta<span class="_ _5"/>x d<span class="_ _5"/>ue to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ch<span class="_ _5"/>an<span class="_ _5"/>ge<span class="_ _5"/>s in t<span class="_ _5"/>he t<span class="_ _5"/>ax r<span class="_ _5"/>at<span class="_ _5"/>e are r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>ni<span class="_ _5"/>sed i<span class="_ _5"/>n t<span class="_ _5"/>he i<span class="_ _5"/>nco<span class="_ _5"/>me </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Unce<span class="_ _5"/>r<span class="_ _5"/>ta<span class="_ _5"/>in ta<span class="_ _5"/>x po<span class="_ _5"/>sit<span class="_ _5"/>io<span class="_ _5"/>ns </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Provisions and<span class="_ _0"/> liabilities from unc<span class="_ _0"/>er<span class="_ _5"/>tain tax positions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are r<span class="_ _0"/>ecognised in the<span class="_ _0"/> balance sheet<span class="_ _0"/> when a ruling<span class="_ _0"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exi<span class="_ _5"/>s<span class="_ _5"/>t<span class="_ _5"/>s du<span class="_ _5"/>e to a<span class="_ _5"/>n eve<span class="_ _5"/>nt t<span class="_ _5"/>ha<span class="_ _5"/>t ha<span class="_ _5"/>s occ<span class="_ _5"/>ur<span class="_ _5"/>re<span class="_ _5"/>d an<span class="_ _5"/>d it i<span class="_ _5"/>s mo<span class="_ _5"/>re </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pro<span class="_ _5"/>ba<span class="_ _5"/>b<span class="_ _5"/>le t<span class="_ _5"/>ha<span class="_ _5"/>n no<span class="_ _5"/>t<span class="_ _5"/>, th<span class="_ _5"/>at a<span class="_ _5"/>n ou<span class="_ _5"/>t<span class="_ _5"/>f<span class="_ _5"/>lo<span class="_ _5"/>w of re<span class="_ _5"/>so<span class="_ _5"/>ur<span class="_ _5"/>ces w<span class="_ _5"/>il<span class="_ _5"/>l be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">required<span class="_ _0"/> to settle the c<span class="_ _0"/>ommitment. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Un<span class="_ _5"/>cer<span class="_ _3"/>ta<span class="_ _5"/>in t<span class="_ _5"/>ax p<span class="_ _5"/>os<span class="_ _5"/>i<span class="_ _5"/>ti<span class="_ _5"/>on<span class="_ _5"/>s are a<span class="_ _5"/>s<span class="_ _5"/>ses<span class="_ _5"/>se<span class="_ _5"/>d on a c<span class="_ _5"/>a<span class="_ _5"/>se<span class="_ _5"/>-<span class="_ _5"/>by<span class="_ _5"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ca<span class="_ _5"/>se b<span class="_ _5"/>as<span class="_ _5"/>is a<span class="_ _5"/>nd p<span class="_ _5"/>rov<span class="_ _5"/>i<span class="_ _5"/>sio<span class="_ _5"/>n fo<span class="_ _5"/>r th<span class="_ _5"/>es<span class="_ _5"/>e is r<span class="_ _5"/>eco<span class="_ _5"/>g<span class="_ _5"/>nis<span class="_ _5"/>ed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at either the<span class="_ _0"/> calculated weighted<span class="_ _0"/> average<span class="_ _0"/> value or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acco<span class="_ _5"/>rd<span class="_ _5"/>in<span class="_ _5"/>g to w<span class="_ _5"/>ha<span class="_ _5"/>t is a<span class="_ _5"/>ss<span class="_ _5"/>es<span class="_ _5"/>se<span class="_ _5"/>d to b<span class="_ _5"/>e th<span class="_ _5"/>e mo<span class="_ _5"/>s<span class="_ _5"/>t li<span class="_ _5"/>kel<span class="_ _5"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outco<span class="_ _5"/>me.</span> HusCompagniet A/S HusCompagniet A/S HusCompagniet A/S A/S Agerøvej 31ADK-8381 Tilst