35128417 2021-01-01 2021-12-31 35128417 2021-01-01 2021-12-31 0 35128417 2021-01-01 2021-12-31 1 35128417 2021-01-01 2021-12-31 2 35128417 2021-01-01 2021-12-31 3 35128417 2021-01-01 2021-12-31 4 35128417 2021-01-01 2021-12-31 5 35128417 2021-01-01 2021-12-31 0 35128417 2021-01-01 2021-12-31 1 35128417 2021-01-01 2021-12-31 2 35128417 2021-01-01 2021-12-31 3 35128417 2021-01-01 2021-12-31 4 35128417 2021-01-01 2021-12-31 5 35128417 2021-01-01 2021-12-31 cmn:PreviousYearMember 35128417 2021-01-01 2021-12-31 cmn:TwoYearsAgoMember 35128417 2021-01-01 2021-12-31 cmn:ThreeYearsAgoMember 35128417 2021-01-01 2021-12-31 cmn:FourYearsAgoMember 35128417 2021-01-01 2021-12-31 0 35128417 2021-01-01 2021-12-31 cmn:PreviousYearMember 1 35128417 2021-01-01 2021-12-31 cmn:TwoYearsAgoMember 2 35128417 2021-01-01 2021-12-31 cmn:ThreeYearsAgoMember 3 35128417 2021-01-01 2021-12-31 cmn:FourYearsAgoMember 4 35128417 2021-12-31 35128417 2021-12-31 cmn:PreviousYearMember 35128417 2021-12-31 cmn:TwoYearsAgoMember 35128417 2021-12-31 cmn:ThreeYearsAgoMember 35128417 2021-12-31 cmn:FourYearsAgoMember 35128417 2020-01-01 2020-12-31 35128417 2020-12-31 35128417 2021-01-01 2021-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 35128417 2020-01-01 2020-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 35128417 2021-01-01 2021-12-31 fsa:RetainedEarningsMember 35128417 2020-01-01 2020-12-31 fsa:RetainedEarningsMember 35128417 2021-01-01 2021-12-31 0 35128417 2021-01-01 2021-12-31 1 iso4217:DKK xbrli:pure Regnskabsklasse C, stor virksomhed Rambøll Danmark A/S DK-2300 Copenhagen Hannemanns Allé 53 35128417 Copenhagen 2022-03-30 Mathew John Riley 2021-01-01 2021-12-31 Nordea Denmark AS Grønfjordsvej 10 DK-2300 Copenhagen S Bech Bruun Langelinie Allé 35 DK-2100 Copenhagen Ø <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management Statement on the annual report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The board of directors and the executive board have today considered and adopted the Annual Report of Rambøll Danmark A/S for 2021.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The Annual Report is prepared in accordance with the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We consider the accounting policies applied and the accounting estimates made reasonable. In our opinion, the accounting policies applied and the accounting estimates made reasonable. In our opinion, the Annual Report give a true and fair view of the financial position at 31 December 2021 of the Company and of the results of the Company operations for 2021.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">In our opinion, the Director's Report includes a true and fair view of the development in the operations and financial positions of the Company and of the results for the year as well as the financial position.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We recommend that the Annual Report be adopted at the Annual General Meeting.</td></tr></table> Copenhagen 2022-03-30 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independent Auditor's Report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the shareholder of RambøII Danmark A/S</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Opinion</td></tr><tr><td colspan="1">In our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2021, and of the results of the Company's operations for the financial year 1 January - 31 December 2021 in accordance with the Danish Financial Statements Act.</td></tr><tr><td colspan="1">We have audited the Financial Statements of RambøII Danmark A/S for the financial year 1 January - 31 December 2021, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies ("financial statements").</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis for Opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the International Ethics Standards Board for Accountants' International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement on Director's Report</td></tr><tr><td colspan="1">Management is responsible for Director's Report.</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover Director's Report, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the financial statements, our responsibility is to read Director's Report and, in doing so, consider whether Director's Report is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.</td></tr><tr><td colspan="1">Moreover, it is our responsibility to consider whether Director's Report provides the information required under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Based on the work we have performed, in our view, Director's Report is in accordance with the Financial Statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in Director's Report.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management's Responsibilities for the Financial Statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of Financial Statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.</td></tr><tr><td colspan="1">In preparing the financial statements, Management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Auditor's Responsibilities for the Audit of the Financial Statements</td></tr><tr><td colspan="1">Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.</td></tr><tr><td colspan="1">As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgment and maintain professional skepticism throughout the audit. We also</td></tr><tr><td colspan="1">• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.</td></tr><tr><td colspan="1">• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control.</td></tr><tr><td colspan="1">• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.</td></tr><tr><td colspan="1">• Conclude on the appropriateness of Management's use of the going concern basis of accounting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are re­ quired to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.</td></tr><tr><td colspan="1">• Evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.</td></tr><tr><td colspan="1">We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.</td></tr></table> Hellerup 2022-03-30 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Directors' Report</td></tr><tr><td colspan="1">As in previous years, the main activities in Rambøll Danmark A/S is to provide consulting and engineering services both to the public and the private sector.</td></tr><tr><td colspan="1">Structure</td></tr><tr><td colspan="1">The Company Structure in Rambøll Danmark A/S is divided into five main areas; Buildings, Transport, Water, Environment &amp; Health and Energy, with regional business units and a number of subsidiaries and associates.</td></tr><tr><td colspan="1">Development in 2021</td></tr><tr><td colspan="1">The outlook for 2021 was better than what was achieved in 2020. This is also reflected in the results for 2021.</td></tr><tr><td colspan="1">The Company's result before financial income and expenses amounts to DKK 180 million compared</td></tr><tr><td colspan="1">to DKK 120 million in 2020, a increase of SO%. Profit margin was 6.2 % compared to 4.4 % in 2020. Profit before tax amounts to DKK 171 million compared to DKK 117 million the year before.</td></tr><tr><td colspan="1">The Energy and Buildings were influenced the most in 2020, but also regained the most in 2021. Considering the pandemic crises we find that the company has delivered a satisfactory result.</td></tr><tr><td colspan="1">Liquidity and risks</td></tr><tr><td colspan="1">Cash at hand and in bank including deposits on group cash pool accounts constitutes DKK 766 million at balance sheet date compared to DKK 694 million the previous year. The increase is driven by tighter working capital management, and temporary effects from the Government Corona initiatives.</td></tr><tr><td colspan="1">The Company operates with commercial and financial risks, which are not considered to deviate from what</td></tr><tr><td colspan="1">is considered normal for similar companies. This particularly applies to consultancy, for which a professional liability insurance has been taken out. For certain areas total services, including services most often</td></tr><tr><td colspan="1">supplied by constructors, are provided which does not influence the total risk significantly.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Unusual events and events after the balance sheet date</td></tr><tr><td colspan="1">Management is not aware of any events subsequent to 31 December 2021 that are expected to have a material impact on the financial position.</td></tr><tr><td colspan="1">Expectations for the year ahead</td></tr><tr><td colspan="1">The initial demand in most markets is strong and we expect COVID 19 impacts to decline. However, production in the beginning of year may be reduced by increased sickness levels. Later results may be impacted by the generic supply chain disruptions and related influence on inflation and the war in Ukraine and the higher geopolitical and economic uncertainty that follows from that. Despite the uncertainty the outlook for 2022 remains positive and with expected full year profit above the 2021 level.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Corporate social responsibility</td></tr><tr><td colspan="1">Reference is made to the consolidated Annual Report of RambøII Gruppen A/S, CVR-nr. 10160669.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Data ethics</td></tr><tr><td colspan="1">Reference is made to the consolidated Annual Report of RambøII Gruppen A/S, CVR-nr. 10160669.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Employees, diversity and inclusion</td></tr><tr><td colspan="1">In line with our Fundamentals and our commitment to the ten UN Global Compact principles, Rambøll respects all employees, allowing them the same professional opportunities regardless of gender, race, age, cultural background, religion or sexual orientation. As stated in our Freedom of Association Policy, all Rambøll businesses uphold the freedom of association and the right to collective bargaining. Rambøll has a zero-tolerance policy to all forms of forced and compulsory labor. We respect labor rights of our employees and assess labor rights-related risks in our operations as part of our human rights risk assessments. As identified under salient human rights risks, the right to non-discrimination and to enjoy just and favorable conditions of work, including the right to equal pay for equal work and equal opportunities for promotion, are material topics for Rambøll.</td></tr><tr><td colspan="1">All employees and business associates can anonymously report any labor rights violations or other issues through our whistleblower system.</td></tr><tr><td colspan="1">An inclusive workplace</td></tr><tr><td colspan="1">To attract qualified employees and responsible clients to our company in the future, it is crucial to mitigate the risk of discrimination by creating an inclusive work environment and understand the opportunities that equality and diversity bring to our business. In 2018, we initiated conversations in RambøII Danmark A/S to understand local activities and needs in relation to Equality, Diversity and Inclusion (EDI).</td></tr><tr><td colspan="1">Based on those conversations, we decided to increase awareness on 'unconscious bias' and ran a number of workshops during 2019 starting with our executive team and 150 managers. We also continued a number of locally relevant workshops on inclusive leadership, equality and diversity. In 2019 we implemented our Family Friendly policy. One of the goals of this policy is to ensure that we keep and attract both male and female talent in our talent pool. During 2020 we have focused on diversity in our workforce, including gender balance across all job families and job levels, should reflect the accessible talents in the local market. In 2021, we continued to educate employees on EDI-related topics such as inetrsectionality, inclusion and inclusive communication.</td></tr><tr><td colspan="1">Gender composition of management</td></tr><tr><td colspan="1">The Rambøll Equal Gender Policy supports the principle of equal gender representation at board and management levels. We acknowledge the need for diversity and high professional competence criteria for board members and individuals in management positions. For the Board of Directors the goal is to have 1 female professional representative. The board of directors consist in 2021 of 1 woman and 3 men - which is in line with our target.</td></tr><tr><td colspan="1">All hiring processes for top management follow our procedure to focus on unconscious bias. Our goal for top management is to reflect the gender distribution in the Company.</td></tr><tr><td colspan="1">The Gender distribution among employees in RambøII Danmark A/S is 33 % female and 67 % male. This is a higher female share than currently at the Danish STEM educations (Science, Technology, Engineering and Mathematics). The gender composition at management levels improved slightly in 2020. Each gender should be proportionally represented in management positions to reflect the actual proportion of the general gender distribution in the Company. We have not reached the targeted gender distribution level yet, although we are continuously improving. We actively work with succession planning in order to develop female managers in the future. We ensure that our hiring process and job announcements are performed in a way that minimize unconscious bias. Top management is involved in the Danish Diversity council, elected female managers are used as role models and exposed to students at the STEM educations. Furthermore, we cooperate with DI and DA to make the STEM educations attractive to females.</td></tr></table> 2877498000 186445000 -9000000 133730000 25000000 0.062 0.064 0.26 0.21 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="2">Calculation of financial ratios</td></tr><tr><td>Profit margin:.</td><td>(Profit before financials x 100)/Revenue</td></tr><tr><td>Return on invested capital</td><td>(Profit before financials x 100)/Total assets</td></tr><tr><td>Solvency Ratio.</td><td>(Equity at the end of period x 100)/Total assets</td></tr><tr><td>Return on equity</td><td>(Profit for the year x 100)/average equity</td></tr><tr><td colspan="2">*) As of 1 January 2020</td></tr><tr><td colspan="2">RambøII Danmark A/S demerged a few business activities to a new company RambøII Arkitekter A/S. The comparative figures for 2019 have been restated accordingly.</td></tr><tr><td colspan="2">Comparative figures for 2017-2018 have not been restated.</td></tr><tr><td colspan="2">**) As of 1 January 2019</td></tr><tr><td colspan="2">RambøII Danmark A/S merged with its subsidiary MMG Denmark ApS in accordance with the pooling of interest method and demerged a few business activities to a new company Rambøll Accredited A/S. The comparative figures for 2018 have been restated accordingly. Comparative figures for 2017 have not been restated.</td></tr></table> 512455000 2365043000 224091000 1909893000 44614000 1153000 27971000 -2031000 22008000 5720000 14511000 170813000 37083000 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="6" align="left" valign="middle" >Statement of changes in equity (DKK thousand)</td></tr><tr><td width="39%" ></td><td width="12%" colspan="1" align="left" valign="middle" >Share capital</td><td width="12%" colspan="1" align="left" valign="middle" >Net revaluation according to the equity method</td><td width="12%" colspan="1" align="left" valign="middle" >Retained earnings</td><td width="12%" colspan="1" align="left" valign="middle" >Dividend</td><td width="13%" colspan="1" align="left" valign="middle" >Total</td></tr><tr><td width="39%" colspan="1" align="left" valign="middle" >Total equity at 1 January 2020</td><td width="12%" align="right" valign="middle" >35.000</td><td width="12%" align="right" valign="middle" >0</td><td width="12%" align="right" valign="middle" >473.655</td><td width="12%" align="right" valign="middle" >0</td><td width="13%" align="right" valign="middle" >508.655</td></tr><tr><td width="51%" colspan="2" align="left" valign="middle" >Exchange rate adjust. in subsidiaries</td><td width="12%" align="right" valign="middle" >-7.599</td><td width="12%" ></td><td width="12%" ></td><td width="13%" align="right" valign="middle" >-7.599</td></tr><tr><td width="63%" colspan="3" align="left" valign="middle" >Derivative financial instruments</td><td width="12%" align="right" valign="middle" >69</td><td width="12%" ></td><td width="13%" align="right" valign="middle" >69</td></tr><tr><td width="51%" colspan="2" align="left" valign="middle" >Profit for the year</td><td width="12%" align="right" valign="middle" >7.599</td><td width="12%" align="right" valign="middle" >74.294</td><td width="12%" ></td><td width="13%" align="right" valign="middle" >81.893</td></tr><tr><td width="39%" colspan="1" align="left" valign="middle" >Total equity at 31 December 2020</td><td width="12%" align="right" valign="middle" >35.000</td><td width="12%" align="right" valign="middle" >0</td><td width="12%" align="right" valign="middle" >548.018</td><td width="12%" align="right" valign="middle" >0</td><td width="13%" align="right" valign="middle" >583.018</td></tr><tr><td width="51%" colspan="2" align="left" valign="middle" >Exchange rate adjust. in subsidiaries</td><td width="12%" align="right" valign="middle" >1.111</td><td width="12%" ></td><td width="12%" ></td><td width="13%" align="right" valign="middle" >1.111</td></tr><tr><td width="63%" colspan="3" align="left" valign="middle" >Derivative financial instruments</td><td width="12%" align="right" valign="middle" >-1.856</td><td width="12%" ></td><td width="13%" align="right" valign="middle" >-1.856</td></tr><tr><td width="87%" colspan="5" align="left" valign="middle" >Proposed dividend</td><td width="13%" align="right" valign="middle" >0</td></tr><tr><td width="100%" colspan="6" align="left" valign="middle" >Profit for the year incl. regulations</td></tr><tr><td width="51%" colspan="2" align="left" valign="middle" >regarding previous year</td><td width="12%" align="right" valign="middle" >28.727</td><td width="12%" align="right" valign="middle" >107.831</td><td width="12%" ></td><td width="13%" align="right" valign="middle" >136.558</td></tr><tr><td width="39%" colspan="1" align="left" valign="middle" >Total equity at 31 December 2021</td><td width="12%" align="right" valign="middle" >35.000</td><td width="12%" align="right" valign="middle" >29.838</td><td width="12%" align="right" valign="middle" >653.993</td><td width="12%" align="right" valign="middle" >0</td><td width="13%" align="right" valign="middle" >718.831</td></tr><tr><td width="100%" colspan="6" align="left" valign="middle" >The share capital of DKK 35,000,000 consists of 35,000 shares with a nominal value of DKK 1,000 each. No changes have been made in the share capital in the last 5 years.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The Annual Report of RambøII Danmark A/S for 2021 is prepared in accordance with the provisions applicable to large enterprises in accounting class C under the Danish Financial Statements Act and is presented in DKK 1,000.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">As the company and the underlying subsidaries are included in the Consolidated Financial Statements of RambøII Gruppen A/S, the company has chosen not to prepare consolidated financial statements with reference to section 112 of the Danish Financial Statements Act, and with reference to section 86(4) of the Danish Financial Statements Act no cash flow statement is prepared. We refer to the Annual Report of the Parent Company, RambøII Gruppen A/S.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">As the company and the underlying subsidaries are included in the Consolidated Financial Statements of RambøII Gruppen A/S, the company has chosen not to prepare consolidated financial statements with reference to section 112 of the Danish Financial Statements Act, and with reference to section 86(4) of the Danish Financial Statements Act no cash flow statement is prepared. We refer to the Annual Report of the Parent Company, RambøII Gruppen A/S</td></tr></table> true <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Recognition and measurement</td></tr><tr><td colspan="1">The financial statements are prepared in accordance with the historical cost convention.</td></tr><tr><td colspan="1">Income is recognised in the income statement as earned. Furthermore value adjustments of financial assets and liabilities measured at fair value or cost. Moreover all expenses incurred to achieve the earnings</td></tr><tr><td colspan="1">for the year are recognised in the income statement including depreciation, amortisation, other provisions as well as reversals due to accounting estimates of amounts that have previously been recognised in the income statement.</td></tr><tr><td colspan="1">Assets are recognised in the balance sheet when it is likely that future economic benefits will accrue to the company, and the value of the asset can be measured reliably.</td></tr><tr><td colspan="1">Liabilities are recognised in the balance sheet when it is likely that future economic benefits will accrue from the company, and the value of the liability can be measured reliably.</td></tr><tr><td colspan="1">Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item.</td></tr><tr><td colspan="1">Recognition and measurement take into account all predictable losses and risks occurring before the presentation of the Annual Report which confirm or invalidates affairs and conditions existing at the balance sheet date.</td></tr><tr><td colspan="1">Danish kroner (DKK) is used as the measurement currency. All other currencies are regarded as foreign currencies.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Foreign currency translation</td></tr><tr><td colspan="1">Transactions in foreign currencies are translated into DKK using the exchange rates prevailing at the dates of the transactions. Gains and losses arising due to differences between the transaction date rates and</td></tr><tr><td colspan="1">the rates prevailing at the date of payment are recognised as an item under financial income and expenses in the income statement.</td></tr><tr><td colspan="1">Receivables, liabilities and other monetary items in the foreign currencies that have not been settled at the balance sheet date are translated at the exchange rates prevailing at the balance sheet date. Any differences between the exchange rates at the balance sheet date and the transaction date rates are recognised as an item under financial income and expenses in the income statement.</td></tr><tr><td colspan="1">The income statement for the Company's subsidiaries, associates and joint ventures abroad</td></tr><tr><td colspan="1">are translated to average exchange rates while the balance sheet items including goodwill relating to foreign enterprises are translated to the exchange rates at the balance sheet date.</td></tr><tr><td colspan="1">Exchange rate adjustments arising on the translation of the opening equity of foreign enterprises and exchange adjustments arising from the translation of income statement at average exchange rates are recognised directly in equity.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Leases</td></tr><tr><td colspan="1">Leases, in terms of which the company assumes all substantial risks and rewards of ownership</td></tr><tr><td colspan="1">(finance leasing), are recognised in the balance sheet at the lower of the fair value of the leased asset and net present value of the lease payments computed by applying the interest rate implicit in the lease or</td></tr><tr><td colspan="1">the approximated value as the discount rate. Assets acquired under finance leases are depreciated and written down for impairment under the same policy as determined for the other fixed assets of the Company.</td></tr><tr><td colspan="1">The remaining lease obligation is capitalised and recognised in the balance sheet under debt, and the interest element on the lease payment for the other fixed assets of the Company.</td></tr><tr><td colspan="1">All other leases are considered operating leases. Payments made under operational leases are recognised in the income statement on a straight-line basis over the lease term.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Derivatives</td></tr><tr><td colspan="1">Derivatives are initially recognized in the balance sheet at cost and subsequently measured at fair value. Positive and negative fair values of derivative financial instruments classified as "Other receivables" and "Other liabilities".</td></tr><tr><td colspan="1">Change in fair value of derivative financial instruments are recognized in the income statement unless the derivative financial instrument is designated as and qualifying for accounting cover, see below.</td></tr><tr><td colspan="1">Change in fair value of financial instruments that are designated and qualify to hedge expected future transactions are recognized in equity under retained earnings with respect to the effective portion of the cover. The ineffective portion is recognized in the income statement.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Mergers (Pooling of Interests)</td></tr><tr><td colspan="1">In the case of intra-group mergers, the pooling of interest method is used. Hereby the two companies are merged into book values and no differences are identified. Any consideration that exceeds the book value of the acquired business is recognized directly in equity. The aggregation method is carried out as if the two companies have always been combined by adjusting comparative figures.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Segment information</td></tr><tr><td colspan="1">Segment information is presented in respect of the distribution of the revenue on geographical markets and on core business areas.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Revenue</td></tr><tr><td colspan="1">Fee income is recognised as production is performed (percentage of completion method), according to which</td></tr><tr><td colspan="1">the revenue corresponds to the selling price of the work performed for the year including a calculated Profit. Fee income therefore reflect the scope of the activity for the year. This method is applied when total income and expenses in respect of a contract and the stage completion at the balance sheet date can be measured reliably, and it is probable that the future economic benefits, including payments, will accrue to the Company.</td></tr><tr><td colspan="1">Revenue is recognised exclusive of VAT and net discounts relating to sales.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Project costs</td></tr><tr><td colspan="1">Project costs consist of costs directly to projects, such as travel and accommodation, consulting assistance, project insurance, IT expenses as well as provisions and losses realised on the projects.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">External costs</td></tr><tr><td colspan="1">External costs consist of expenses which are not project related, such as costs relating to premises, office supplies, IT expenses, travel and transportation, management fee, facility service, insurance and other administrative expenses.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Staff costs</td></tr><tr><td colspan="1">Staff costs comprise wages and salaries, holiday pay and social security costs etc.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Deprecation and amortisation</td></tr><tr><td colspan="1">Deprecation and amortisation consist of depreciation and amortisation of goodwill, leasehold improvements, software, licenses etc. and plant and equipment comprising printing machines, cars, IT equipment and other equpiment.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Other operating income and expenses</td></tr><tr><td colspan="1">Other operating income and other operating expenses comprise items of a secondary nature to the core activities of the enterprises including gains and losses on the sale of activities, intangible assets</td></tr><tr><td colspan="1">and fixed assets. Furthermore integration and restructuring costs are presented as other operating costs. Restructuring costs comprise redundancies and rent related to vacant properties, when part of a larger restructuring scheme. In order to present a more true and fair view of the operations, other operating income and expenses has been presented after operating profit.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Financial income and expenses</td></tr><tr><td colspan="1">Financial income and expenses consist of interest income and expenses, foreign exchange gain or loss (realised and unrealised) and other financial income and expenses.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Corporation tax and deferred tax</td></tr><tr><td colspan="1">The Company is jointly taxed with the Parent RambøII Gruppen A/S and Danish group enterprises of RambøII Gruppen A/S. RambøII Gruppen A/S acts as administration company. The jointly taxed companies are included in the Danish tax prepayment scheme.</td></tr><tr><td colspan="1">The tax effect of the joint taxation is allocated to Danish enterprises showing profits or losses in proportion to their taxable profit (full allocation with credit for tax losses). The total tax on the taxable profit of RambøII Danmark A/S is paid to RambøII Gruppen A/S.</td></tr><tr><td colspan="1">Tax consists of current tax and deferred tax for the year. The tax attributable to the net profit for the year is recognised in the income statement at the amount attributable to the net profit for the year. Tax attributable to entries directly to equity transactions is recognised in equity.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Current tax receivables and liabilities are recognised in the balance sheet at the amount calculated on the basis of the expected taxable profit adjusted for tax on taxable profit for prior years until settlement with the Parent.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Deferred tax is measured under the balance sheet liability method in respect of all temporary differences between the carrying amount and the tax base of assets and liabilities. Deferred tax is not recognised in the respect of temporary differences concerning amortisation of goodwill disallowed for tax purposes.</td></tr><tr><td colspan="1">Deferred tax is measured on the basis of the current tax rules and tax rates that are expected to apply when the temporary differences have been settled. Changes in deferred tax due to changes in tax rates are recognised in the income statement.</td></tr><tr><td colspan="1">Deferred tax assets, including the tax base of a tax loss allowed for carryforward, are measured at the value which the asset is expected to be realised, either by elimination in tax on future earnings or by offsetting against deferred tax liabilities.</td></tr><tr><td colspan="1">Deferred tax assets and liabilities are offset within the same legal tax entity.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="2">Intangible assets Goodwill</td></tr><tr><td colspan="2">Goodwill is amortised on a straight-line basis over the estimated useful life, determined on the basis of the Management's experience in the individual business areas.</td></tr><tr><td colspan="2">Software and licences</td></tr><tr><td colspan="2">Software and licences are capitalised to cost of acquisitions and amortised over an appropriate expected useful life, which comprise</td></tr><tr><td>Software and licences</td><td>3-7 years</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="2">Tangible assets</td></tr><tr><td colspan="2">Tangible assets are measured at cost less accumulated depreciation and impairment losses.</td></tr><tr><td colspan="2">Cost comprises cost of acquisitions and expenses directly attributable to the acquisition up until the time when the asset is ready for use.</td></tr><tr><td colspan="2">Depreciation based on cost reduced by any residual value is calculated on a straight-line basis over the expected useful lives of the assets, which comprise</td></tr><tr><td>Plant and equipment</td><td>3-5 years</td></tr><tr><td>Leasehold improvements</td><td>1-10 years</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Impairment on fixed assets</td></tr><tr><td colspan="1">The book value of intangible and tangible assets is reviewed annually to determine whether there is any indication of impairment losses other than that expressed by depreciation and amortisation. If so, an impairment test is carried out to determine whether the recoverable amount is lower than the carrying amount, and the asset is written down to its lower recoverable amount. This impairment test is performed annually for development projects in progress irrespective of any indication of decrease in value.</td></tr><tr><td colspan="1">The recoverable amount of the asset is calculated as the higher of the net selling price and value in use.</td></tr><tr><td colspan="1">If it is not possible to determine a recoverable amount for the individual asset, the assets are assessed in the smallest group of assets for which a reliable recoverable amount can be determined based on a total assessment.</td></tr><tr><td colspan="1">Goodwill and other assets for which a separate value in use cannot be determined, as the asset does not generate future cash flows on an individual basis, are reviewed for impairment together with the group of assets to which they are attributable.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Fixed asset investment</td></tr><tr><td colspan="1">Investments in subsidiaries and associated companies as well as joint ventures are recognised and measured under the equity method. The proportionate share of profit for the year less amortisation of goodwill is recognised in the income statement under "Profit from subsidiaries" and "Profit from associates and joint ventures".</td></tr><tr><td colspan="1">The items "Investments in subsidiaries" and "Investments in associated companies and joint ventures" in the balance sheet include the proportionate ownership interests of the net equity value of the enterprises calculated on the basis of the fair value of the identifiable net assets at the time</td></tr><tr><td colspan="1">of acquisition with deduction or addition of unrealised intercompany profits or losses and with addition of any remaining value of positive differences (goodwill) ahd deduction of any remaining value of negative differences (negative goodwill).</td></tr><tr><td colspan="1">The total net revaluation of Investments in subsidiaries and associated companies is transferred upon distribution of profit to "Net revaluation reserve according to the equity method" under equity.</td></tr><tr><td colspan="1">The reserve is reduced by distribution of dividend to the Parent and adjusted for other changes in equity in subsidiaries and associates.</td></tr><tr><td colspan="1">On acquisition of subsidiaries and associates, the difference between cost and equity value of the enterprise acquired is determined at the date of acquisition after the individual assets and liabilities have been adjusted to fair value (the acquisition method). Any remaining positive differences (goodwill) are recognised as investments in subsidiaries and investments in associated companies respectively, and are amortised in the income statement on a straight-line basis over the estimated useful life of the investment.</td></tr><tr><td colspan="1">Other investments stated under fixed asset investments are measured at cost less any impairment following an individual assessment.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Receivables</td></tr><tr><td colspan="1">Accounts receivables, trade are measured in the balance sheet at the lower of amortised cost or net realisable value, which corresponds to the nominal value less provisions for bad debts. Provisions for bad debts are determined on the basis of an individual assessment of each debtor.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Work in progress</td></tr><tr><td colspan="1">Work in progress is measured at selling price of the work performed calculated on the basis of the</td></tr><tr><td colspan="1">stage of completion based on an assessment of the individual work. The stage of completion is measured either on the basis of the share of the contract expenses incurred in relation to the expected total expenses of the contract or as the ratio between the number of hours spent and the expected total number of hours. Where it is likely that the total contract expenses will exceed the total income from a contract, the expected loss is recognised as an expense in the income statement.</td></tr><tr><td colspan="1">Where the selling price cannot be measured reliably, the selling price is measured at the lower of expenses incurred and net realisable value.</td></tr><tr><td colspan="1">Invoicing on account is deducted from the selling price. The individual contracts are classified as account receivables when the net selling price is positive and as liabilities when pre-invoicing exceeds the selling price.</td></tr><tr><td colspan="1">Expenses relating to sales work and the winning of contracts are recognised in the income statement as incurred.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Prepayments</td></tr><tr><td colspan="1">Prepayments consist of expenses paid relating to subsequent financial year. This typically includes prepaid expenses regarding rent, insurance premiums, subscriptions and interest.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Equity</td></tr><tr><td colspan="1">Dividend distribution proposed by Management for the year is disclosed as a seperate equity item.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Provisions</td></tr><tr><td colspan="1">Provisions are recognised when - in consequence of an event occurred before or on the balance</td></tr><tr><td colspan="1">sheet date - the Company has a legal or constructive obligation and it is probable that economic benefits must be given up to settle the obligation.</td></tr><tr><td colspan="1">Provisions comprise among other things compensations relating to advisory services provided. Compensations are recognised on the basis of an individual assessment of each case.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Other payables</td></tr><tr><td colspan="1">Other payables are measured at amortised cost, substantially corresponding to their nominal value.</td></tr><tr><td colspan="1">Other payables mainly consist of salary related items (bonuses, pension, holiday accruals etc.), VAT and provisions for not received vendor invoices.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Financial ratios</td></tr><tr><td colspan="1">The ratios have been calculated in accordance with the guidelines issued by The Danish Society of Financial Analysts.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" ></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Revenue</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >DKK Thousand</td><td width="11%" align="right" valign="middle" >2021</td><td width="11%" align="right" valign="middle" >2020</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Revenue by service area</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Buildings</td><td width="11%" align="right" valign="middle" >995.503</td><td width="11%" align="right" valign="middle" >924.893</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Transport</td><td width="11%" align="right" valign="middle" >729.471</td><td width="11%" align="right" valign="middle" >659.970</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Energy</td><td width="11%" align="right" valign="middle" >806.338</td><td width="11%" align="right" valign="middle" >713.479</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Environment & Health</td><td width="11%" align="right" valign="middle" >123.313</td><td width="11%" align="right" valign="middle" >202.662</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Water</td><td width="11%" align="right" valign="middle" >222.873</td><td width="11%" align="right" valign="middle" >231.633</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >2.877.498</td><td width="11%" align="right" valign="middle" >2.732.637</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Revenue by sector</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Public customers</td><td width="11%" align="right" valign="middle" >564.585</td><td width="11%" align="right" valign="middle" >1.146.843</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Private customers</td><td width="11%" align="right" valign="middle" >2.312.913</td><td width="11%" align="right" valign="middle" >1.585.794</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >2.877.498</td><td width="11%" align="right" valign="middle" >2.732.637</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Revenue by World</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >European customers</td><td width="11%" align="right" valign="middle" >2.673.304</td><td width="11%" align="right" valign="middle" >2.554.735</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Customers in the rest of the World</td><td width="11%" align="right" valign="middle" >204.194</td><td width="11%" align="right" valign="middle" >177.902</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >2.877.498</td><td width="11%" align="right" valign="middle" >2.732.637</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Staff costs</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >2021</td><td width="11%" align="right" valign="middle" >2020</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Wages and salaries</td><td width="11%" align="right" valign="middle" >1.718.901</td><td width="11%" align="right" valign="middle" >1.636.460</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Pensions</td><td width="11%" align="right" valign="middle" >143.498</td><td width="11%" align="right" valign="middle" >139.126</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Social security costs</td><td width="11%" align="right" valign="middle" >29.091</td><td width="11%" align="right" valign="middle" >23.043</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Total</td><td width="11%" align="right" valign="middle" >1.891.490</td><td width="11%" align="right" valign="middle" >1.798.629</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Executive board</td><td width="11%" align="right" valign="middle" >18.403</td><td width="11%" align="right" valign="middle" >23.834</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Board of directors</td><td width="11%" align="right" valign="middle" >0</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >1.909.893</td><td width="11%" align="right" valign="middle" >1.822.463</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Average number of employees (registered hours)</td><td width="11%" align="right" valign="middle" >2.546</td><td width="11%" align="right" valign="middle" >2.678</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Number of employees at the end of the financial year</td><td width="11%" align="right" valign="middle" >2.766</td><td width="11%" align="right" valign="middle" >2.916</td></tr><tr><td colspan="4"></td></tr></table> 2546 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Depreciation and amortisation</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >2021</td><td width="11%" align="right" valign="middle" >2020</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Software, licenses etc.</td><td width="11%" align="right" valign="middle" >6.499</td><td width="11%" align="right" valign="middle" >5.594</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Goodwill</td><td width="11%" align="right" valign="middle" >406</td><td width="11%" align="right" valign="middle" >612</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Leasehold improvements</td><td width="11%" align="right" valign="middle" >3.012</td><td width="11%" align="right" valign="middle" >6.108</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Plant and equipment</td><td width="11%" align="right" valign="middle" >34.697</td><td width="11%" align="right" valign="middle" >39.919</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >44.614</td><td width="11%" align="right" valign="middle" >52.233</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Other operating costs</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >DKK Thousand</td><td width="11%" align="right" valign="middle" >2021</td><td width="11%" align="right" valign="middle" >2020</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Integration costs</td><td width="11%" align="right" valign="middle" >672</td><td width="11%" align="right" valign="middle" >1.617</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Restructuring costs - redundancies</td><td width="11%" align="right" valign="middle" >21.980</td><td width="11%" align="right" valign="middle" >22.865</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Restructuring costs - vacant premises</td><td width="11%" align="right" valign="middle" >0</td><td width="11%" align="right" valign="middle" >1.143</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Restructuring costs - other</td><td width="11%" align="right" valign="middle" >4.202</td><td width="11%" align="right" valign="middle" >3.010</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Loss on disposals, fixed assets</td><td width="11%" align="right" valign="middle" >1.117</td><td width="11%" align="right" valign="middle" >16</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >27.971</td><td width="11%" align="right" valign="middle" >28.651</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Financial income</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >2021</td><td width="11%" align="right" valign="middle" >2020</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Interest gain from group companies</td><td width="11%" align="right" valign="middle" >64</td><td width="11%" align="right" valign="middle" >85</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Foreign exchange gain</td><td width="11%" align="right" valign="middle" >5.542</td><td width="11%" align="right" valign="middle" >7.906</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Other financial income</td><td width="11%" align="right" valign="middle" >114</td><td width="11%" align="right" valign="middle" >1.646</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >5.720</td><td width="11%" align="right" valign="middle" >9.637</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Financial expenses</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >2021</td><td width="11%" align="right" valign="middle" >2020</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Interest expense to group companies</td><td width="11%" align="right" valign="middle" >1.591</td><td width="11%" align="right" valign="middle" >931</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Foreign exchange loss</td><td width="11%" align="right" valign="middle" >11.356</td><td width="11%" align="right" valign="middle" >10.517</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Other financial expenses</td><td width="11%" align="right" valign="middle" >1.564</td><td width="11%" align="right" valign="middle" >1.112</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >14.511</td><td width="11%" align="right" valign="middle" >12.560</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Tax</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >2021</td><td width="11%" align="right" valign="middle" >2020</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Current tax on the profit for the year, Denmark</td><td width="11%" align="right" valign="middle" >37.523</td><td width="11%" align="right" valign="middle" >26.938</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Change in deferred tax for the year</td><td width="11%" align="right" valign="middle" >-3.069</td><td width="11%" align="right" valign="middle" >3.567</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Adjustment of current tax related to previous years</td><td width="11%" align="right" valign="middle" >-16.219</td><td width="11%" align="right" valign="middle" >-283</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Adjustment of deferred tax related to previous years</td><td width="11%" align="right" valign="middle" >13.533</td><td width="11%" align="right" valign="middle" >-48</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Foreign corporation tax paid</td><td width="11%" align="right" valign="middle" >5.315</td><td width="11%" align="right" valign="middle" >4823</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Total tax</td><td width="11%" align="right" valign="middle" >37.083</td><td width="11%" align="right" valign="middle" >34997</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >The Rambøll Gruppen A/S's Danish companies are jointly and severally liable for tax on consolidated taxable income, etc. The total amount are included in the annual report of the RambøII Gruppen A/5, which is the management company in relation to joint taxation.</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Intangible assets</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >DKK Thousand</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" colspan="1" align="left" valign="middle" >Goodwill</td><td width="11%" colspan="1" align="left" valign="middle" >Software licenses ect.</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Cost at 1 January</td><td width="11%" align="right" valign="middle" >39.752</td><td width="11%" align="right" valign="middle" >29.280</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Additions</td><td width="11%" align="right" valign="middle" >0</td><td width="11%" align="right" valign="middle" >17.926</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Disposals</td><td width="11%" align="right" valign="middle" >-22.576</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Cost at 31 December</td><td width="11%" align="right" valign="middle" >17.176</td><td width="11%" align="right" valign="middle" >47.206</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Amortisation at 1 January</td><td width="11%" align="right" valign="middle" >38.229</td><td width="11%" align="right" valign="middle" >22.419</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Disposals</td><td width="11%" align="right" valign="middle" >-21.459</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Amortisation for the year</td><td width="11%" align="right" valign="middle" >406</td><td width="11%" align="right" valign="middle" >6.499</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Amortisation at 31 December</td><td width="11%" align="right" valign="middle" >17.176</td><td width="11%" align="right" valign="middle" >28.918</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Book value at 31 December</td><td width="11%" align="right" valign="middle" >0</td><td width="11%" align="right" valign="middle" >18.288</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Amortisation period</td><td width="11%" colspan="1" align="left" valign="middle" >1-10 years</td><td width="11%" colspan="1" align="left" valign="middle" >3-7 years</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Tangible assets</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" colspan="1" align="left" valign="middle" >Plant and equipment</td><td width="11%" colspan="1" align="left" valign="middle" >Leasehold improvements</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Cost at 1 January</td><td width="11%" align="right" valign="middle" >284.955</td><td width="11%" align="right" valign="middle" >63.998</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Additions</td><td width="11%" align="right" valign="middle" >24.784</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Disposals</td><td width="11%" align="right" valign="middle" >-10.290</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Cost at 31 December</td><td width="11%" align="right" valign="middle" >299.449</td><td width="11%" align="right" valign="middle" >63.998</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Depreciation at 1 January</td><td width="11%" align="right" valign="middle" >231.695</td><td width="11%" align="right" valign="middle" >49.768</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Disposals</td><td width="11%" align="right" valign="middle" >-10.202</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Depreciation during the year</td><td width="11%" align="right" valign="middle" >34.697</td><td width="11%" align="right" valign="middle" >3.012</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Depreciation at 31 December</td><td width="11%" align="right" valign="middle" >256.190</td><td width="11%" align="right" valign="middle" >52.780</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Book value at 31 December</td><td width="11%" align="right" valign="middle" >43.259</td><td width="11%" align="right" valign="middle" >11.218</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Depreciation period</td><td width="11%" colspan="1" align="left" valign="middle" >3-5 years</td><td width="11%" colspan="1" align="left" valign="middle" >1-10 years</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Including assets under finance leases of DKK thousand</td><td width="11%" align="right" valign="middle" >916</td><td width="11%" ></td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Investments in subsidaries</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >DKK Thousand</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2021</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2020</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Cost at 1 January</td><td width="11%" align="right" valign="middle" >197.398</td><td width="11%" align="right" valign="middle" >197.398</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Additions</td><td width="11%" align="right" valign="middle" >53765</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Disposals</td><td width="11%" align="right" valign="middle" >-68.941</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Cost at 31 December</td><td width="11%" align="right" valign="middle" >182.222</td><td width="11%" align="right" valign="middle" >197.398</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Revaluation value at 1 January</td><td width="11%" align="right" valign="middle" >-63.460</td><td width="11%" align="right" valign="middle" >-35.619</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Net profit for the year before goodwill amortisation</td><td width="11%" align="right" valign="middle" >1.145</td><td width="11%" align="right" valign="middle" >-15.732</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Amortisation goodwill</td><td width="11%" align="right" valign="middle" >-3.176</td><td width="11%" align="right" valign="middle" >-4.510</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Disposals</td><td width="11%" align="right" valign="middle" >58.000</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Exchange rate adjustment</td><td width="11%" align="right" valign="middle" >3.939</td><td width="11%" align="right" valign="middle" >-7.599</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Revaluation at 31 December</td><td width="11%" align="right" valign="middle" >-3.552</td><td width="11%" align="right" valign="middle" >-63.460</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Reclassification at the end of the year</td><td width="11%" align="right" valign="middle" >71</td><td width="11%" align="right" valign="middle" >88</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Book value at 31 December</td><td width="11%" align="right" valign="middle" >178.741</td><td width="11%" align="right" valign="middle" >134.026</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Including net book value of group goodwill</td><td width="11%" align="right" valign="middle" >6.853</td><td width="11%" align="right" valign="middle" >12.531</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >All subsidariaries are 100% owned and specified as follows</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" colspan="1" align="right" valign="middle" >Share capital</td><td width="11%" colspan="1" align="right" valign="middle" >Equity</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Name and domicile</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >RambøII Grønland A/S, Nuuk</td><td width="11%" colspan="1" align="right" valign="middle" >500 tDKK</td><td width="11%" align="right" valign="middle" >12.817</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Rambøll Oil & Gas Middle East A/S, Copenhagen</td><td width="11%" colspan="1" align="right" valign="middle" >8,000 tDKK</td><td width="11%" align="right" valign="middle" >2.624</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Rambøll Consulting Engineering Office W.L.L., Doha</td><td width="11%" colspan="1" align="right" valign="middle" >15,000 tQAR</td><td width="11%" align="right" valign="middle" >49.588</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >PT Rambøll Telecom Indonesia, Jakarta</td><td width="11%" colspan="1" align="right" valign="middle" >8,511 mIDR</td><td width="11%" align="right" valign="middle" >2.092</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Rambøll EPC A/S, Copenhagen</td><td width="11%" colspan="1" align="right" valign="middle" >50,000 tDKK</td><td width="11%" align="right" valign="middle" >50.775</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >G.M. Idorn Consult A/S, Copenhagen</td><td width="11%" colspan="1" align="right" valign="middle" >500 tDKK</td><td width="11%" align="right" valign="middle" >1.732</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >K.F.W. Askøes Eftf. af 2006 A/S, Copenhagen</td><td width="11%" colspan="1" align="right" valign="middle" >2,000 tDKK</td><td width="11%" align="right" valign="middle" >1.074</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Rambøll Japan KK, Tokyo</td><td width="11%" colspan="1" align="right" valign="middle" >40,000tJPY</td><td width="11%" align="right" valign="middle" >1.143</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Rambøll Polska Sp.z.o.o., Warszava</td><td width="11%" colspan="1" align="right" valign="middle" >128 tPLN</td><td width="11%" align="right" valign="middle" >3.255</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Rambøll AG, Switzerland</td><td width="11%" colspan="1" align="right" valign="middle" >200 tCHF</td><td width="11%" align="right" valign="middle" >7.460</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Rambøll South East Europe S.R.L</td><td width="11%" colspan="1" align="right" valign="middle" >24,274 tRON</td><td width="11%" align="right" valign="middle" >37.188</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >RambøII Oil and Gas UK ltd.</td><td width="11%" colspan="1" align="right" valign="middle" >5,519 tGBP</td><td width="11%" align="right" valign="middle" >-71</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Rambøll Inc.</td><td width="11%" colspan="1" align="right" valign="middle" >400tCAN</td><td width="11%" align="right" valign="middle" >70</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Rambøll Denmark Contracting ApS, Copenhagen</td><td width="11%" colspan="1" align="right" valign="middle" >1,125 tDKK</td><td width="11%" align="right" valign="middle" >2.070</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" ></td><td width="11%" align="right" valign="middle" >171.817</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >Group goodwill</td><td width="11%" align="right" valign="middle" >6.853</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >Profit and investment in subsidiaries</td><td width="11%" align="right" valign="middle" >178.670</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >Reclassification, subsidaries with negative equity</td><td width="11%" align="right" valign="middle" >71</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >Investments in subsidiaries</td><td width="11%" align="right" valign="middle" >178.741</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Investments in associated companies and joint ventures</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >DKK Thousand</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2021</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2020</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Cost at 1 January</td><td width="11%" align="right" valign="middle" >38.527</td><td width="11%" align="right" valign="middle" >38.527</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Additions</td><td width="11%" align="right" valign="middle" >0</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Cost at 31 December</td><td width="11%" align="right" valign="middle" >38.527</td><td width="11%" align="right" valign="middle" >38.527</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Revaluation value at 1 January</td><td width="11%" align="right" valign="middle" >24.783</td><td width="11%" align="right" valign="middle" >19.938</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Profit for the year</td><td width="11%" align="right" valign="middle" >22.007</td><td width="11%" align="right" valign="middle" >18.054</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Write-down</td><td width="11%" align="right" valign="middle" >0</td><td width="11%" align="right" valign="middle" >-756</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Dividends distributed/repayments</td><td width="11%" align="right" valign="middle" >-10.572</td><td width="11%" align="right" valign="middle" >-12.453</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Exchange rate adjustment</td><td width="11%" align="right" valign="middle" >-2.828</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Revaluation value at 31 December</td><td width="11%" align="right" valign="middle" >33.390</td><td width="11%" align="right" valign="middle" >24.783</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Book value at 31 December</td><td width="11%" align="right" valign="middle" >71.917</td><td width="11%" align="right" valign="middle" >63.310</td></tr><tr><td colspan="4"></td></tr><tr><td width="39%" colspan="1" align="left" valign="middle" >Information about associated companies</td><td width="39%" colspan="1" align="left" valign="middle" >Ownership interest in %</td><td width="11%" colspan="1" align="left" valign="middle" >Equity</td><td width="11%" colspan="1" align="left" valign="middle" >Profit for the year</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Name and domicile</td></tr><tr><td width="39%" colspan="1" align="left" valign="middle" >Odeon A/S, Lyngby*</td><td width="39%" align="right" valign="middle" >2175</td><td width="11%" align="right" valign="middle" >7.510</td><td width="11%" align="right" valign="middle" >2.062</td></tr><tr><td width="39%" colspan="1" align="left" valign="middle" >Rambøll India Private Ltd., Delhi</td><td width="39%" align="right" valign="middle" >33</td><td width="11%" align="right" valign="middle" >195.628</td><td width="11%" align="right" valign="middle" >34.661</td></tr><tr><td colspan="4"></td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >Name and domicile</td><td width="11%" colspan="1" align="left" valign="middle" >share in%</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Joint venture with RambøII Danmark A/S as lead partner</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Joint venture with a contractual sum of > DKK 100 million</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >RambøII-Atkins-Emch og Berger-Parsons Joint Venture, Copenhagen</td><td width="11%" align="right" valign="middle" >34</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >Radgivergruppen DNU Joint Venture, Aarhus</td><td width="11%" align="right" valign="middle" >16,7</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >RambøII Arup TEC Joint Venture, Copenhagen</td><td width="11%" align="right" valign="middle" >50</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >RambøII Atkins Joint Venture, Copenhagen</td><td width="11%" align="right" valign="middle" >50</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >Forth Design Joint Venture, Copenhagen</td><td width="11%" align="right" valign="middle" >37</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >The Alliance JV, Esbjerg</td><td width="11%" align="right" valign="middle" >50</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >RambøII Arup Nordhavn JV, Copenhagen</td><td width="11%" align="right" valign="middle" >58,5</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Joint venture with a contractual sum of < DkK 100 million</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >RambøII Arup Joint Venture, Copenhagen</td><td width="11%" align="right" valign="middle" >80</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >RambøII Niras Ensi Joint Venture, Copenhagen</td><td width="11%" align="right" valign="middle" >55</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >Rambøll OCG SCE Joint Venture, Copenhagen</td><td width="11%" align="right" valign="middle" >74</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >CRDPII Joint ventura Copenhagen</td><td width="11%" align="right" valign="middle" >75</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >.12 smaller Joint Ventures</td><td width="11%" colspan="1" align="right" valign="middle" >35-85</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Joint venture with RambøII Danmark A/S as general partner</td></tr><tr><td width="89%" colspan="3" align="left" valign="middle" >.4 smaller Joint Ventures - having a total</td><td width="11%" colspan="1" align="right" valign="middle" >7-50</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >contractual sum of between DKK 3-75 million</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >*) Annual report 30 september 2021</td></tr><tr><td colspan="4"></td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Other investments</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >DKK Thousand</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2021</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2020</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Cost at 1 January</td><td width="11%" align="right" valign="middle" >174</td><td width="11%" align="right" valign="middle" >174</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Cost at 31 December</td><td width="11%" align="right" valign="middle" >174</td><td width="11%" align="right" valign="middle" >174</td></tr><tr><td colspan="4"></td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Other receivables</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2021</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2020</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Cost at 1 January</td><td width="11%" align="right" valign="middle" >0</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Additions</td><td width="11%" align="right" valign="middle" >4.641</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Cost at 31 December</td><td width="11%" align="right" valign="middle" >4.641</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td colspan="4"></td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Deposits</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2021</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2020</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Cost at 1 January</td><td width="11%" align="right" valign="middle" >19.536</td><td width="11%" align="right" valign="middle" >20.836</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Additions</td><td width="11%" align="right" valign="middle" >296</td><td width="11%" align="right" valign="middle" >301</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Disposals</td><td width="11%" align="right" valign="middle" >-140</td><td width="11%" align="right" valign="middle" >-1.601</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Cost at 31 December</td><td width="11%" align="right" valign="middle" >19.692</td><td width="11%" align="right" valign="middle" >19.536</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Accounts receivables, trade</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >All accounts receivables, trade are due for payment within one year.</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="78%" colspan="2" align="left" valign="middle" >Work in progress</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2021</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2020</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Selling price of the production for the end of period</td><td width="11%" align="right" valign="middle" >9.039.545</td><td width="11%" align="right" valign="middle" >8.695.196</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Invoicing on account</td><td width="11%" align="right" valign="middle" >-9.326.425</td><td width="11%" align="right" valign="middle" >-8.878.008</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Work in progress, net</td><td width="11%" align="right" valign="middle" >-286.880</td><td width="11%" align="right" valign="middle" >-182.812</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Recognised in the balance sheet as follows</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Work in progress under assets</td><td width="11%" align="right" valign="middle" >497.281</td><td width="11%" align="right" valign="middle" >541.512</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Payment from customers under liabilities</td><td width="11%" align="right" valign="middle" >-784.161</td><td width="11%" align="right" valign="middle" >-724.324</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >-286.880</td><td width="11%" align="right" valign="middle" >-182.812</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="78%" colspan="2" align="left" valign="middle" >Provision for deferred tax</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2021</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2020</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >DKK Thousand</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Provision for deferred tax at 1 January</td><td width="11%" align="right" valign="middle" >131.101</td><td width="11%" align="right" valign="middle" >111.445</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Change in deferred tax recognized in income statement</td><td width="11%" align="right" valign="middle" >10.465</td><td width="11%" align="right" valign="middle" >19.656</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Provision for deferred tax at 31 December</td><td width="11%" align="right" valign="middle" >141.566</td><td width="11%" align="right" valign="middle" >131.101</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Deferred tax relates to</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Fixed assets</td><td width="11%" align="right" valign="middle" >-10.684</td><td width="11%" align="right" valign="middle" >-17.354</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Trade receivables</td><td width="11%" align="right" valign="middle" >-4.783</td><td width="11%" align="right" valign="middle" >-4.998</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Work in progress</td><td width="11%" align="right" valign="middle" >161.669</td><td width="11%" align="right" valign="middle" >151.322</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Other balance sheet items</td><td width="11%" align="right" valign="middle" >-4.636</td><td width="11%" align="right" valign="middle" >2.131</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >141.566</td><td width="11%" align="right" valign="middle" >131.101</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Deferred tax is calculated using the statutory corporate income tax rate of</td><td width="11%" align="right" valign="middle" >22%</td><td width="11%" align="right" valign="middle" >22%</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Provisions for claims etc.</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2021</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2020</td></tr><tr><td colspan="4"></td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Balance at 1 January</td><td width="11%" align="right" valign="middle" >67.506</td><td width="11%" align="right" valign="middle" >56.064</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Additions</td><td width="11%" align="right" valign="middle" >20.069</td><td width="11%" align="right" valign="middle" >21.525</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Disposals</td><td width="11%" align="right" valign="middle" >-3.670</td><td width="11%" align="right" valign="middle" >-10.083</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Balance at 31 December</td><td width="11%" align="right" valign="middle" >83.905</td><td width="11%" align="right" valign="middle" >67.506</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Total long-term liabilities</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2021</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2020</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Due after 5 years</td><td width="11%" align="right" valign="middle" >175.179</td><td width="11%" align="right" valign="middle" >182.740</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Due 1-5 years</td><td width="11%" align="right" valign="middle" >51.683</td><td width="11%" align="right" valign="middle" >2.614</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >226.862</td><td width="11%" align="right" valign="middle" >185.354</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Of which calculated finance lease payments</td><td width="11%" align="right" valign="middle" >525</td><td width="11%" align="right" valign="middle" >1.265</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Other payables</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2021</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2020</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Holiday pay</td><td width="11%" align="right" valign="middle" >94.440</td><td width="11%" align="right" valign="middle" >84.153</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Value added tax</td><td width="11%" align="right" valign="middle" >62.837</td><td width="11%" align="right" valign="middle" >57.299</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Tax loan</td><td width="11%" align="right" valign="middle" >148.243</td><td width="11%" align="right" valign="middle" >0</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Wages and salaries due</td><td width="11%" align="right" valign="middle" >196.010</td><td width="11%" align="right" valign="middle" >285.620</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Other items</td><td width="11%" align="right" valign="middle" >37.541</td><td width="11%" align="right" valign="middle" >23.369</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >539.071</td><td width="11%" align="right" valign="middle" >450.441</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Of which calculated finance lease payments</td><td width="11%" align="right" valign="middle" >741</td><td width="11%" align="right" valign="middle" >15</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Contingent liabilities</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2021</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2020</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Surety given for prepayments</td><td width="11%" align="right" valign="middle" >125.111</td><td width="11%" align="right" valign="middle" >127.932</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Surety given, other</td><td width="11%" align="right" valign="middle" >112.121</td><td width="11%" align="right" valign="middle" >114.952</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Suretyship</td><td width="11%" align="right" valign="middle" >3.400</td><td width="11%" align="right" valign="middle" >3.400</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >240.632</td><td width="11%" align="right" valign="middle" >246.284</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Rambølll Danmark A/S is part to legal proceedings. These are not expected to have any significant impact on the company's Annual Report.</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Rambøll Danmark A/S is a party in a number of joint ventures, which are contractually operated jointly and controlled jointly with one or more undertakings. RambøII Danmark A/S has assumed joint and several liability for the liabilities of the joint ventures. RambøII Danmark A/Sis lead partner in 23 joint ventures and partner in 4 joint ventures. RambøII Danmarks A/S' shares in the joint ventures is different from each joint venture.</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="78%" colspan="2" align="left" valign="middle" >Rent obligations</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2021</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2020</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Due within 1 year</td><td width="11%" align="right" valign="middle" >107.514</td><td width="11%" align="right" valign="middle" >105.273</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Due within 1 to 5 years</td><td width="11%" align="right" valign="middle" >261.571</td><td width="11%" align="right" valign="middle" >333.661</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Due after 5 years</td><td width="11%" align="right" valign="middle" >14.570</td><td width="11%" align="right" valign="middle" >29.745</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >383.655</td><td width="11%" align="right" valign="middle" >468.679</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="78%" colspan="2" align="left" valign="middle" >Operational lease obligations</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2021</td><td width="11%" colspan="1" align="right" valign="middle" >31/12 2020</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Due within 1 year</td><td width="11%" align="right" valign="middle" >4.580</td><td width="11%" align="right" valign="middle" >4.316</td></tr><tr><td width="78%" colspan="2" align="left" valign="middle" >Due within 1 to 5 years</td><td width="11%" align="right" valign="middle" >5.510</td><td width="11%" align="right" valign="middle" >2.403</td></tr><tr><td width="39%" ></td><td width="39%" ></td><td width="11%" align="right" valign="middle" >10.090</td><td width="11%" align="right" valign="middle" >6.719</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Auditors' fee</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >With reference to the Danish Financial Statements Act, Section 96, subsection 3, information about Remuneration for the auditors elected by the annual general meeting has been left out. We refer to the consolidated annual accounts for RambøII Gruppen A/S.</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="2" align="left" valign="middle" >Related parties and ownership</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Transactions</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Transactions with related parties is conducted on normal trading terms.</td></tr><tr><td colspan="2"></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Control</td><td width="50%" colspan="1" align="left" valign="middle" >Basis</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >RambøII Fonden, Copenhagen</td><td width="50%" colspan="1" align="left" valign="middle" >Principal shareholder in RambøII Gruppen A/S</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Rambøll Gruppen A/S, Copenhagen</td><td width="50%" colspan="1" align="left" valign="middle" >Owns 100% of the shares in RambølI Danmark A/S</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Other related parties</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >The Management of the Company as well as group companies, associated companies and joint ventures.</td></tr><tr><td colspan="2"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Subsequent events</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Management is not aware of any events subsequent to 31 December 2021 that are expected to have a material impact on the financial position.</td></tr></table> Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup xWizard version 1.1.1126.0, by EasyX Aps. www.easyx.eu 2020-01-01 2020-12-31 Revisionspåtegning Grundlag for konklusion Konklusion Ib Enevoldsen Asger Knudsen Jesper Dalsgaard Jensen Søren Thomas Brøndum Hannes Reuter Richard John Beard Mathew John Riley Chair Marianne Sørensen Henriksen Vice Chair Micheal Thorndahl Simmelsgaard Stephen John Whitham Employee elected board member Peter Gotlieb Dernert Employee elected board member Peter Heymann Andersen 2733000000 151000000 -3000000 82000000 33000000 0.044 0.049 0.24 0.15 2782000000 176000000 -9000000 140000000 36000000 0.068 0.095 0.25 0.3 2694000000 111000000 -4000000 88000000 60000000 0.044 0.068 0.24 0.21 2746000000 203000000 -6000000 150000000 49000000 0.077 0.132 0.27 0.36 Profit before financials 180000000 Profit before financials 120000000 Profit before financials 190000000 Profit before financials 118000000 Profit before financials 212000000 2805692000 718831000 0 18288000 18288000 43259000 11218000 54477000 178741000 71917000 174000 4641000 19692000 275165000 347930000 652180000 497281000 123066000 898597000 16769000 262633000 2450526000 7236000 2457762000 35000000 29838000 653993000 141566000 83905000 225471000 226862000 226862000 784161000 138376000 123371000 49549000 539071000 1634528000 1861390000 2805692000 2448000000 583000000 2004000000 509000000 1748000000 416000000 1604000000 425000000 2732637000 468444000 2264193000 238115000 1822463000 52233000 151382000 25000 28651000 -20241000 17298000 9637000 12560000 116890000 34997000 81893000 2678 1523000 6861000 8384000 53260000 14230000 67490000 134026000 63310000 174000 0 19536000 217046000 292920000 550796000 541512000 105250000 805182000 23931000 118341000 2145012000 10401000 2155413000 2448333000 35000000 0 548018000 583018000 131101000 67506000 198607000 185354000 185354000 724324000 135382000 132336000 38871000 450441000 1481354000 1666708000 2448333000 19977000 7599000 113753000 74294000 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 33771231 Anders Stig Lauritsen State Authorised Public Accountant mne32800 Kim Danstrup State Authorised Public Accountant mne32201 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab